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Leases (Tables)
12 Months Ended
Feb. 29, 2024
Leases [Abstract]  
Components of Lease Expense

Components of lease expense for the three fiscal years ended (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

Operating lease cost

 

$

5,632

 

 

$

5,974

 

 

$

6,217

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information related to leases was as follows:

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

5,669

 

 

$

5,987

 

 

$

6,196

 

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

 

$

916

 

 

$

3,065

 

 

$

3,441

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Remaining Lease Terms

 

 

 

 

 

 

 

 

 

Operating leases

 

2.5 Years

 

 

3.0 Years

 

 

3.4 Years

 

 

 

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

 

 

 

Operating leases

 

 

4.08

%

 

 

3.86

%

 

 

3.63

%

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

 

2025

 

$

4,593

 

2026

 

 

3,355

 

2027

 

 

1,487

 

2028

 

 

496

 

2029

 

 

167

 

Thereafter

 

 

-

 

Total future minimum lease payments

 

$

10,098

 

Less imputed interest

 

 

524

 

Present values of lease liabilities

 

$

9,574