OTHER FINANCIAL INFORMATION

3 Months Ended

May 31, 2020

Other Financial Information [Abstract]

NOTE 15 – OTHER FINANCIAL INFORMATION

Supplemental Balance Sheet Information

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

	May 31,		February 29,
	2020		2020
Operating lease liabilities	$	5,987	$	4,662
Litigation reserve		2,200		1,500
Customer deposit		1,835		1,377
Interest payable		1,531		481
Taxes payable		1,496		2,266
Warranty reserves		1,043		915
Other (1)		4,958		4,952
	$	19,050	$	16,153

(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):

	May 31,		February 29,
	2020		2020
Deferred revenue	$	24,082	$	27,452
Deferred compensation plan liability		5,802		5,919
Other		2,378		1,673
	$	32,262	$	35,044

Supplemental Statement of Comprehensive Income (Loss) Information

Interest expense consists of the following (in thousands):

	Three Months Ended
	May 31,
	2020		2019
Interest expense on 2020 Convertible Notes:
Stated interest at 1.625% per annum	$	93	$	498
Amortization of discount and issue costs		289		1,456
		382		1,954
Interest expense on 2025 Convertible Notes:
Stated interest at 2.00% per annum		1,163		1,176
Amortization of discount and issue costs		2,311		2,168
		3,474		3,344
Other interest expense		221		158
Total interest expense	$	4,077	$	5,456

Supplemental Cash Flow Information

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

	Three Months Ended
	May 31,
	2020		2019
Interest expense paid	$	257	$	1,027
Income tax paid, net of refunds	$	274	$	-