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Leases (Tables)
9 Months Ended
Nov. 30, 2019
Leases [Abstract]  
Schedule of lease cost The components of lease expense were as follows:
 
 
Three Months Ended
 
Nine Months Ended
In thousands
 
November 30, 2019
 
November 30, 2019
Operating lease cost
 
$
3,445

 
$
10,308

Short-term lease cost
 
427

 
1,606

Variable lease cost
 
843

 
2,223

Total lease cost
 
$
4,715

 
$
14,137


Other supplemental information related to leases was as follows:
 
 
Nine Months Ended
In thousands except weighted-average data
 
November 30, 2019
Cash paid for amounts included in the measurement of operating lease liabilities
 
$
10,335

Lease assets obtained in exchange for new operating lease liabilities
 
$
15,948

Weighted-average remaining lease term - operating leases
 
5.9 years

Weighted-average discount rate - operating leases
 
3.57
%








Schedule of operating lease liability
Future maturities of lease liabilities are as follows:
In thousands
 
November 30, 2019
Remainder of Fiscal 2020
 
$
3,366

Fiscal 2021
 
12,880

Fiscal 2022
 
11,256

Fiscal 2023
 
10,307

Fiscal 2024
 
8,147

Fiscal 2025
 
6,290

Thereafter
 
12,357

Total lease payments
 
64,603

Less: Amounts representing interest
 
(6,695
)
Present value of lease liabilities
 
$
57,908


Aggregate annual future rental commitments under operating leases with noncancellable terms of more than one year at March 2, 2019 were reported under previous lease accounting standards as follows:
In thousands
 
2020
 
2021
 
2022
 
2023
 
2024
 
Thereafter
 
Total
Total minimum payments
 
$
14,888

 
11,787

 
9,669

 
8,772

 
6,735

 
16,806

 
$
68,657