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Leases (Tables)
6 Months Ended
Aug. 31, 2022
Leases [Abstract]  
Components of Lease Expense

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

 

 

 

Three months ended

 

 

Six months ended

 

 

 

August 31, 2022

 

 

August 31, 2021

 

 

August 31, 2022

 

 

August 31, 2021

 

Operating lease cost

 

$

1,515

 

 

$

1,595

 

 

$

3,028

 

 

$

3,234

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

1,517

 

 

$

1,586

 

 

$

3,028

 

 

$

3,216

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

$

 

 

$

838

 

 

$

806

 

 

$

3,441

 

 

 

 

 

August 31, 2022

 

 

August 31, 2021

 

Weighted Average Remaining Lease Terms

 

 

 

 

 

 

Operating leases

 

3 Years

 

 

4 Years

 

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

Operating leases

 

 

3.63

%

 

 

3.66

%

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 6 months)

 

$

2,286

 

2024

 

 

4,592

 

2025

 

 

3,827

 

2026

 

 

2,340

 

2027

 

 

1,074

 

2028

 

 

81

 

Total future minimum lease payments

 

$

14,200

 

Less imputed interest

 

 

808

 

Present value of lease liabilities

 

$

13,392