Leases (Tables)

3 Months Ended

May 31, 2022

Leases [Abstract]

Components of Lease Expense

Components of lease expense for the three and three months ended May 31, 2022 and May 31, 2021 were as follows (in thousands):

	Three months ended
	May 31, 2022		May 31, 2021
Operating lease cost	$	1,513	$	1,639
Supplemental cash flow information related to leases was as follows:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	1,511	$	1,630
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	806	$	2,603

Weighted Average Remaining Lease Terms
Operating leases	3 Years
Weighted Average Discount Rate
Operating leases		3.64	%

Summary of Future Minimum Lease Commitments Under Non-cancelable Operating Leases

Future minimum lease commitments under non-cancelable operating leases for each of the fiscal years ending are as follows (in thousands):

	Operating
	Lease
	Commitments
2023 (remaining 9 months)	$	3,763
2024		4,592
2025		3,827
2026		2,340
2027		1,074
2028		81
Thereafter		-
Total future minimum lease payments	$	15,677
Less imputed interest		928
Present value of lease liabilities	$	14,749