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LEASES (Tables)
6 Months Ended
Aug. 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

 

August 31, 2020

 

Assets

 

 

 

 

 

 

Operating lease right-of-use assets

 

Operating lease right-of-use assets

 

$

23,428

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

Operating lease liabilities (current)

 

Other current liabilities

 

$

6,201

 

Operating lease liabilities (noncurrent)

 

Operating lease liabilities

 

 

25,225

 

Total lease liabilities

 

 

 

$

31,426

 

 

 

 

 

 

 

 

Summary of Lease Costs Included in Condensed Consolidated Statements of Comprehensive Loss

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

 

 

For the Three Months

Ended August 31,

 

 

For the Six Months

Ended August 31,

 

 

2020

 

 

 

 

2019

 

 

2020

 

 

 

 

2019

 

Operating lease cost

$

1,837

 

 

 

 

$

1,972

 

 

$

3,426

 

 

 

 

$

3,973

 

Short-term lease cost

 

82

 

 

 

 

 

252

 

 

 

163

 

 

 

 

 

564

 

Variable lease cost

 

114

 

 

 

 

 

43

 

 

 

228

 

 

 

 

 

73

 

Total lease cost

$

2,033

 

 

 

 

$

2,267

 

 

$

3,817

 

 

 

 

$

4,610

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Supplemental Information Related to Operating Leases

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

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

3,605

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

5,425

 

Weighted average remaining lease term

 

6.48

 

Weighted average discount rate

 

 

5.17

%

 

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 August 31, 2020 (in thousands):

 

Remainder of 2021

 

$

4,348

 

2022

 

 

7,106

 

2023

 

 

6,588

 

2024

 

 

4,891

 

2025

 

 

3,113

 

Thereafter

 

 

10,057

 

Total minimum lease payments

 

 

36,103

 

Less imputed interest

 

 

(4,677

)

Present value of future minimum lease payments

 

 

31,426

 

Less current obligations under leases

 

 

(6,201

)

Long-term lease obligations

 

$

25,225