Share-based Compensation (Tables)

12 Months Ended

Feb. 28, 2025

Share-Based Payment Arrangement, Noncash Expense [Abstract]

A summary of RSU award activity (including DERs) for fiscal years 2025, 2024, and 2023 is as follows:


	Year Ended
	February 28, 2025			February 29, 2024			February 28, 2023
	Restricted Stock Units	Weighted Average Grant Date Fair Value		Restricted Stock Units	Weighted Average Grant Date Fair Value		Restricted Stock Units	Weighted Average Grant Date Fair Value
Outstanding at beginning of year	230,586	$	41.53	200,969	$	43.50	214,098	$	41.24
Granted	104,030	76.14		132,644	38.41		148,595	44.60
Vested	(141,800)	45.03		(102,077)	41.27		(136,197)	41.16
Forfeited	(7,391)	45.37		(950)	45.69		(25,527)	43.72
Outstanding at end of year	185,425	$	58.12	230,586	$	41.53	200,969	$	43.50
Vested and expected to vest at end of year	185,425	$	58.12	230,586	$	41.53	200,969	$	43.50

Share-based Payment Arrangement, Performance Shares, Outstanding Activity

A summary of PSU award activity (including DERs) for fiscal years 2025, 2024, and 2023 is as follows:


	Year Ended
	February 28, 2025			February 29, 2024			February 28, 2023
	Performance Stock Units	Weighted Average Grant Date Fair Value		Performance Stock Units	Weighted Average Grant Date Fair Value		Performance Stock Units	Weighted Average Grant Date Fair Value
Outstanding at beginning of year	167,978	$	51.64	152,546	$	48.51	154,455	$	44.05
Granted	60,007	82.25		80,285	42.93		76,020	38.42
Vested	(54,500)	66.12		(42,868)	33.22		(63,021)	43.22
Forfeited	(12,371)	51.19		(21,985)	33.22		(14,908)	48.41
Outstanding at end of year	161,114	$	56.79	167,978	$	51.64	152,546	$	48.51
Vested and expected to vest at end of year	161,114	$	56.79	167,978	$	51.64	152,546	$	48.51

Share-based compensation expense and related income tax

The following table shows share-based compensation expense and the related income tax benefit included in the consolidated statements of income for fiscal years 2025, 2024 and 2023 (in thousands):


	Year Ended
	February 28, 2025		February 29, 2024		February 28, 2023
Compensation expense	$	13,261	$	9,510	$	8,382
Income tax benefits	2,785		1,969		1,539