OTHER FINANCIAL INFORMATION

12 Months Ended

Feb. 28, 2023

Other Financial Information [Abstract]

OTHER FINANCIAL INFORMATION

NOTE 17 – OTHER FINANCIAL INFORMATION

Supplemental Balance Sheet Information

Other current liabilities consist of the following (in thousands):

	February 28,
	2023		2022
Operating lease liabilities	$	4,884	$	5,086
Omega litigation reserve		-		3,000
Customer deposits		2,492		2,586
Warranty reserves		1,868		1,823
Other		6,621		6,456
	$	15,865	$	18,951

Other non-current liabilities consist of the following (in thousands):

	February 28,
	2023		2022
Deferred revenue	$	11,104	$	13,496
Deferred compensation plan liability		5,727		6,800
Deferred tax liability		242		216
Other		2,510		2,128
	$	19,583	$	22,640

Supplemental Income Statement Information

Interest expense consists of the following (in thousands):

	Year Ended February 28,
	2023		2022		2021
Interest expense on 2020 Convertible Notes:
Stated interest at 1.625% per annum	$	-	$	-	$	93
Amortization of discount and issuance costs		-		-		289
		-		-		382
Interest expense on 2025 Convertible Notes:
Stated interest at 2.00% per annum		4,600		4,600		4,587
Amortization of discount and issuance costs		1,053		10,134		9,378
		5,653		14,734		13,965
Other interest expense		607		589		1,140
Total interest expense	$	6,260	$	15,323	$	15,487

Supplemental Cash Flow Information

“Net cash (used in) provided by operating activities” in the consolidated statements of cash flows includes cash payments for interest and income taxes. The following is our supplemental schedule of cash payments for interest and income taxes and non-cash investing and financing activities (in thousands):

	Year Ended February 28,
	2023		2022		2021
Cash payments for interest and income taxes:
Interest expense paid	$	4,910	$	4,803	$	5,320
Income tax paid, net of refunds	$	67	$	508	$	643
Non-cash investing and financing activities:
Accrued liability for capital expenditures	$	803	$	1,074	$	(604	)

Valuation and Qualifying Accounts

Following is our schedule of valuation and qualifying accounts for the last three years (in thousands):

	Balance at beginning of year		Charged (credited) to costs and expenses			Deductions			Balance at end of year
Allowance for doubtful accounts:
Fiscal 2021	$	2,264	$	2,163		$	(769	)	$	3,658
Fiscal 2022		3,658		156			(1,168	)		2,646
Fiscal 2023		2,646		(272	)		(594	)		1,780
Warranty reserve:
Fiscal 2021	$	987	$	2,729		$	(2,459	)	$	1,257
Fiscal 2022		1,257		2,239			(1,673	)		1,823
Fiscal 2023		1,823		1,676			(1,631	)		1,868
Deferred tax assets valuation allowance:
Fiscal 2021	$	45,560	$	11,288		$	-		$	56,848
Fiscal 2022		56,848		6,884			-			63,732
Fiscal 2023		63,732		18,282			-			82,014