OTHER FINANCIAL INFORMATION

6 Months Ended

Aug. 31, 2020

Other Financial Information [Abstract]

NOTE 14 – OTHER FINANCIAL INFORMATION

Supplemental Balance Sheet Information

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

	August 31,		February 29,
	2020		2020
Operating lease liabilities	$	6,201	$	4,662
Taxes payable		2,476		2,266
Warranty reserves		2,464		987
Customer deposit		2,331		1,377
Litigation reserve		2,200		1,500
Interest payable		365		481
Other (1)		4,982		4,880
	$	21,019	$	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):

	August 31,		February 29,
	2020		2020
Deferred revenue	$	25,104	$	27,452
Deferred compensation plan liability		6,542		5,919
Other		3,384		1,673
	$	35,030	$	35,044

Supplemental Statement of Comprehensive Loss Information

Interest expense consists of the following (in thousands):

	Three Months Ended				Six Months Ended
	August 31,				August 31,
	2020		2019		2020		2019
Interest expense on 2020 Convertible Notes:
Stated interest at 1.625% per annum	$	-	$	498	$	93	$	996
Amortization of discount and issue costs		-		1,495		289		2,951
		-		1,993		382		3,947
Interest expense on 2025 Convertible Notes:
Stated interest at 2.00% per annum		1,150		1,150		2,313		2,326
Amortization of discount and issue costs		2,329		2,160		4,640		4,328
		3,479		3,310		6,953		6,654
Other interest expense		378		252		599		410
Total interest expense	$	3,857	$	5,555	$	7,934	$	11,011

Supplemental Cash Flow Information

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

	Six Months Ended
	August 31,
	2020		2019
Cash payments for interest and income taxes:
Interest expense paid	$	2,780	$	3,358
Income tax paid, net of refunds	$	447	$	466