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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
May 31, 2025
May 31, 2024
Statement of Comprehensive Income [Abstract]    
Net income available to common shareholders $ 170,908 $ (36,796)
Other Comprehensive Income (Loss):    
Unrealized translation gain (loss) 1,956 (425)
Unrealized translation gain for unconsolidated subsidiary, net of tax [1] 241 0
Unrealized gain (loss) on interest rate swap, net of tax [2] 339 2,219
Amounts reclassified from accumulated other comprehensive income to earnings, net of tax [3] (48) (1,100)
Unrealized gain (loss) on interest rate swap, net of tax for unconsolidated subsidiary [4] 3 141
Other comprehensive income 2,491 835
Comprehensive income (loss) $ 173,399 $ (35,961)
[1]
Unrealized translation loss for unconsolidated subsidiary is related to our unconsolidated investment in the AVAIL JV and represents our 40% interest in this amount. Net of tax expense of $76 for the three months ended May 31, 2025.
[2]
Net of tax expense of $113 and $625 for the three months ended May 31, 2025 and May 31, 2024, respectively.
[3]
Net of tax benefit of ($16) and ($348) for the three months ended May 31, 2025 and May 31, 2024, respectively. See Note 8.
[4]
Unrealized gain (loss) on interest rate swap, net of tax for unconsolidated subsidiary is related to our unconsolidated investment in the AVAIL JV and represents our 40% interest in this amount. Net of tax expense of $1 and $44 for the three months ended May 31, 2025 and May 31, 2024, respectively.