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Leases (Tables)
6 Months Ended
Aug. 31, 2020
Leases [Abstract]  
Components of Lease Expense

Components of lease expense for the three and six months ended August 31, 2020 and August 31, 2019 were as follows (in thousands):

 

 

 

Three months ended

 

 

Six months ended

 

 

 

August 31, 2020

 

 

August 31, 2019

 

 

August 31, 2020

 

 

August 31, 2019

 

Operating lease cost

 

$

1,574

 

 

$

1,622

 

 

$

3,201

 

 

$

3,199

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

1,563

 

 

$

1,617

 

 

$

3,175

 

 

$

3,186

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

$

56

 

 

$

3,246

 

 

$

56

 

 

$

3,579

 

Weighted Average Remaining Lease Terms

 

 

 

 

Operating leases

 

4 Years

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

Operating leases

 

 

4.34

%

 

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

 

2021 (remaining 6 months)

 

$

2,574

 

2022

 

 

5,196

 

2023

 

 

4,251

 

2024

 

 

2,952

 

2025

 

 

2,160

 

2026

 

 

883

 

Thereafter

 

 

660

 

Total future minimum lease payments

 

$

18,676

 

Less imputed interest

 

 

1,564

 

Present value of lease liabilities

 

$

17,112