Leases (Tables)

3 Months Ended

May 31, 2023

Leases [Abstract]

Components of Lease Expense

Components of lease expense for the three months ended May 31, 2023 and May 31, 2022 were as follows (in thousands):

	Three months ended
	May 31, 2023		May 31, 2022
Operating lease cost	$	1,433	$	1,513
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	$	1,441	$	1,511
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	—	$	806

Weighted Average Remaining Lease Terms
Operating leases	3 Years
Weighted Average Discount Rate
Operating leases		3.85	%

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
2024 (remaining 9 months)	$	3,535
2025		4,611
2026		2,893
2027		1,168
2028		153
2029		—
Thereafter		—
Total future minimum lease payments	$	12,360
Less imputed interest		634
Present value of lease liabilities	$	11,726