On March 1, 2019, we adopted Accounting Standard Codification 842, Leases. We applied the transition requirements on the adoption date, rather than at the beginning of the earliest comparative period presented. In addition, we elected the package of practical expedients permitted under the transition guidance, which does not require reassessment of prior conclusions related to contracts containing a lease, lease classification and initial direct lease costs. As an accounting policy election, we excluded short-term leases (term of 12 months or less) from the balance sheet presentation and accounted for non-lease and lease components in a contract as a single lease component for certain asset classes.

We have various non-cancelable operating leases for our offices in California, Texas, Massachusetts, Indiana, Minnesota and Virginia in the United States, and Italy, Mexico and the United Kingdom. We also have various non-cancelable operating leases for towers and vehicles throughout the United States, Italy and Mexico. These leases expire at various times through 2028. Certain lease agreements contain renewal options, rent abatement, and escalation clauses that are factored into our determination of lease payments when appropriate.

During the third quarter of fiscal 2020, we identified certain immaterial adjustments related to amounts recorded for the adoption of ASC 842. The revised amounts for ROU assets and lease liabilities as of March 1, 2019 are $25.6 million and $29.1 million, respectively.

The table below presents lease-related assets and liabilities recorded on the consolidated balance sheet (in thousands):

	Classification	February 29, 2020
Assets
Operating lease right-of-use assets	Operating lease right-of-use assets	$	20,626

Liabilities
Operating lease liabilities (current)	Other current liabilities	$	4,662
Operating lease liabilities (noncurrent)	Operating lease liabilities		24,279
Total lease liabilities		$	28,941

As a result of the adoption of ASC 842, effective March 1, 2019, the balance of the restructuring liability related to certain facility leases have been reclassified as a reduction of the Operating lease right-of-use assets in our consolidated balance sheet. During fiscal year ended February 29, 2020, we further impaired our operating lease right-of-use assets for the Canton facility by $1.2 million and recorded as a restructuring cost.

Additionally, we also recorded an impairment loss aggregating $0.6 million, which represented total operating lease right-of-use assets from various tower leases that were terminated or planned to be terminated as of February 29, 2020. This impairment loss is included within the total Impairment loss shown in the operating expenses in our consolidated statement of comprehensive income (loss).

Lease Costs

The following lease costs were included in our consolidated statements of comprehensive income (loss) as follows (in thousands):

	Year Ended February 29, 2020
Operating lease cost	$	6,497
Short-term lease cost		848
Variable lease cost		315
Total lease cost	$	7,660

Supplemental Information

The table below presents supplemental information related to operating leases during the fiscal year ended February 29, 2020 (in thousands, except weighted-average information):

Cash paid for amounts included in the measurement of operating lease liabilities	$	6,624
Right-of-use assets obtained in exchange for new operating lease liabilities	$	4,071
Weighted average remaining lease term	7.3 years
Weighted average discount rate	5.45%

Undiscounted Cash Flows

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the consolidated balance sheet as of February 29, 2020 (in thousands):

2021	$	6,087
2022		5,485
2023		5,342
2024		5,076
2025		3,554
Thereafter		9,952
Total minimum lease payments		35,496
Less imputed interest		(6,555	)
Present value of future minimum lease payments		28,941
Less current obligations under leases		(4,662	)
Long-term lease obligations	$	24,279

Disclosures Related to Periods Prior to Adoption of New Lease Standard

Minimum lease payments under operating leases with non-cancelable terms in excess of one year as of February 28, 2019, were as follows (in thousands):

2020	$	7,565
2021		6,386
2022		6,242
2023		6,199
2024		6,126
Thereafter		7,659
Total minimum lease payments	$	40,177