Income Taxes (Tables)

12 Months Ended

Feb. 28, 2026

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes for fiscal year 2026, 2025 and 2024 consisted of the following (in thousands):

	Year Ended
	February 28, 2026		February 28, 2025		February 29, 2024
Income before income taxes:
Domestic	$	412,281	$	165,822	$	123,955
Foreign	8,034		4,861		6,148
Income before income taxes	420,315		170,683		130,103
Current provision:
Federal	55,957		28,660		19,839
Foreign	2,206		1,738		2,189
State and local	12,104		3,350		1,716
Total current provision for income taxes	70,267		33,748		23,744
Deferred provision (benefit):
Federal	27,094		7,123		3,920
Foreign	494		(340)		(316)
State and local	5,200		1,319		1,148
Total deferred provision for income taxes	32,788		8,102		4,752
Total provision for income taxes	$	103,055	$	41,850	$	28,496

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation from the federal statutory income tax amount and federal statutory income tax rate to the effective income tax amount and effective income tax rate is as follows for fiscal year 2026:

	Year Ended
	February 28, 2026
	Amount		Percent
U.S. Federal Statutory Income Tax Rate	$	88,266	21.0	%
State and Local Income Taxes, Net of Federal Income Tax Effect(1)	15,107		3.6	%
Foreign Tax Effects	472		0.1	%
Effect of Cross-Border Tax Laws	22		—	%
Tax Credits
Research and development tax credits	(4,588)		(1.1)	%
Nontaxable or Nondeductible Items	1,587		0.4	%
Changes in Unrecognized Tax Benefits	1,169		0.3	%
Other Adjustments	1,020		0.2	%
Effective Tax	$	103,055	24.5	%

(1) Fiscal year 2026 State taxes in Illinois, Wisconsin, Massachusetts, Tennessee, Missouri, Kansas, and Oklahoma contributed to the majority of the tax effect in this category.

A reconciliation from the federal statutory income tax rate to the effective income tax rate is as follows for the fiscal years 2025 and 2024:

	Year Ended
	February 28, 2025		February 29, 2024
U.S. Federal Statutory Income Tax	21.0	%	21.0	%
Permanent Differences	1.0		0.5
State Income Taxes, Net of Federal Income Tax Benefit	2.3		1.9
Stock Compensation	(0.5)		0.1
Tax Credits	(0.2)		(1.7)
Foreign Tax Rate Differential	0.2		0.2
ASC 740-10 Uncertain Tax Positions	0.1		(1.8)
Other	0.6		1.7
Effective Income Tax Rate	24.5	%	21.9	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s net deferred income tax liability are as follows for fiscal year 2026 and 2025 (in thousands):

	As of
	February 28, 2026		February 28, 2025
Deferred income tax assets:
Employee related items	$	8,745	$	10,867
Inventories	5,727		5,205
Accrued warranty	1,199		1,336
Accounts receivable	1,505		1,926
Lease liabilities	14,888		6,406
Net operating loss and other credit carryforwards	4,956		5,707
Research and experiment expenses	970		5,046
Interest expense limitation	3,701		8,565
Outside basis difference—AVAIL JV	5,720		274
Other deferred income tax assets	449		334
Total deferred income tax assets	47,860		45,666
Deferred income tax liabilities:
Depreciation methods and property basis differences	(51,711)		(36,671)
Right-of-use lease assets	(14,622)		(6,219)
Other assets and tax-deductible goodwill	(54,068)		(41,975)
Total deferred income tax liabilities	(120,401)		(84,865)
Net deferred income tax liabilities	$	(72,541)	$	(39,199)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending balance of total unrecognized tax benefits, which is included in "Other long-term liabilities" in the consolidated balance sheets for the years ended February 28, 2026 and February 28, 2025 is as follows (in thousands):

	As of
	February 28, 2026		February 28, 2025
Balance at beginning of period	$	1,699	$	1,808
Increase for tax positions related to current periods:
Gross increases	—		73
Increase for tax positions related to prior periods:
Gross increases	919		—
Gross decreases	(104)		—
Lapse of statute of limitations	(195)		(182)
Balance at end of period	$	2,319	$	1,699

Schedule of Income Taxes Paid

To arrive at net cash provided by operating activities, net income is adjusted by, among other things, changes in current assets and current liabilities as follows (in thousands):

	Year Ended
	February 28, 2026		February 28, 2025		February 29, 2024
Decrease (increase) in current assets:
Accounts receivable, net	$	(5,790)	$	1,790	$	14,261
Other receivables	(2,559)		2,555		11,370
Inventories	214		5,045		26,276
Contract assets	(6,267)		(27,183)		(2,479)
Prepaid expenses and other	166		756		177
Increase (decrease) in current liabilities:
Accounts payable	11,124		23,480		(801)
Income taxes payable	(215)		430		(100)
Accrued expenses	3,924		10,237		5,298
Changes in current assets and current liabilities	$	597	$	17,110	$	54,002

Cash flows related to interest were as follows (in thousands):

	Year Ended
	February 28, 2026		February 28, 2025		February 29, 2024
Cash paid for interest	$	43,048	$	75,865	$	97,812

Supplemental disclosures of non-cash investing and financing activities were as follows (in thousands):

	Year Ended
	February 28, 2026		February 28, 2025		February 29, 2024
Accrued dividends on Series A Preferred Stock	$	—	$	—	$	2,400
Income taxes paid by equity method investee	$	3,409	$	—	$	—
Accruals for capital expenditures	$	2,234	$	3,558	$	7,514

The following table presents income taxes paid, net of refunds (in thousands):

	Year Ended
	February 28, 2026		February 28, 2025		February 29, 2024
U.S. Federal	$	59,314	$	26,064	$	13,629
U.S. State and Local	14,944		2,050		3,582
Foreign	1,696		1,680		2,103
Cash paid for income taxes, net of refunds	$	75,954	$	29,794	$	19,314