OTHER FINANCIAL INFORMATION

6 Months Ended

Aug. 31, 2023

Other Financial Information [Abstract]

OTHER FINANCIAL INFORMATION

NOTE 11 – OTHER FINANCIAL INFORMATION

Supplemental Balance Sheet Information

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

	August 31,		February 28,
	2023		2023
Operating lease liabilities	$	4,848	$	4,884
Warranty reserves		1,389		1,868
Customer deposits		4,241		2,492
Other (1)		5,722		6,621
	$	16,200	$	15,865

(1)Amount represents accruals for various operating expense such as professional fees, vendor incentives and other estimates that are expected to be paid within the next 12 months.

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

	August 31,		February 28,
	2023		2023
Deferred revenue	$	10,684	$	11,104
Deferred compensation plan liability		6,080		5,727
Deferred tax liability		261		242
Other		2,218		2,510
	$	19,243	$	19,583

Supplemental Statement of Comprehensive Loss Information

Interest expense consists of the following (in thousands):

	Three Months Ended				Six Months Ended
	August 31,				August 31,
	2023		2022		2023		2022
Interest expense on 2025 Convertible Notes:
Stated interest at 2.00% per annum	$	1,150		1,150	$	2,326		2,326
Amortization of discount and issue costs		269		262		542		529
		1,419		1,412		2,868		2,855
Other interest expense		155		52		384		142
Total interest expense	$	1,574	$	1,464	$	3,252	$	2,997

Supplemental Cash Flow Information

“Net cash provided by (used in) operating activities” includes cash payments for interest expense and income taxes as follows (in thousands):

	Six Months Ended
	August 31,
	2023			2022
Cash payments for interest and income taxes:
Interest expense paid	$	2,503		$	2,408
Income tax paid, net of refunds	$	(1	)	$	75
Non-cash investing activities:
Accrued liability for capital expenditures	$	490		$	-