Income Taxes

3 Months Ended

May 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

12. Income Taxes

The provision for income taxes reflects an effective tax rate of 24.3% for the three months ended May 31, 2025, compared to 22.4% for the three months ended May 31, 2024. The increase in the effective tax rate is primarily attributable to the AVAIL JV distribution's impact to earnings and tax expense, partially offset by higher discrete items driven by tax deductions for stock compensation.