LEASES (Tables)

3 Months Ended

May 31, 2020

Leases [Abstract]

Summary of Lease-related Assets and Liabilities

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

	Classification	May 31, 2020
Assets
Operating lease right-of-use assets	Operating lease right-of-use assets	$	24,220
Liabilities
Operating lease liabilities (current)	Other current liabilities	$	5,987
Operating lease liabilities (noncurrent)	Operating lease liabilities		25,692
Total lease liabilities		$	31,679

Summary of Lease Costs Included in Condensed Consolidated Statements of Comprehensive Income (Loss)

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

	Three Months Ended May 31, 2020		Three Months Ended May 31, 2019
Operating lease cost	$	1,932	$	2,001
Short-term lease cost		871		312
Variable lease cost		304		30
Total lease cost	$	3,107	$	2,343

Schedule of Supplemental Information Related to Operating Leases

The table below presents supplemental information related to operating leases during the three months ended May 31, 2020 (in thousands, except weighted-average information):

Cash paid for amounts included in the measurement of operating lease liabilities	$	2,100
Right-of-use assets obtained in exchange for new operating lease liabilities	$	4,683
Weighted average remaining lease term	6.5 years
Weighted average discount rate		5.24	%

Schedule of Reconciles the Undiscounted Cash Flows for Operating Lease Liabilities

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 condensed consolidated balance sheet as of May 31, 2020 (in thousands):

Remainder of 2021	$	5,525
2022		6,781
2023		6,308
2024		4,761
2025		3,019
Thereafter		9,613
Total minimum lease payments		36,007
Less imputed interest		(4,328	)
Present value of future minimum lease payments		31,679
Less current obligations under leases		(5,987	)
Long-term lease obligations	$	25,692