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LEASES (Tables)
9 Months Ended
Nov. 30, 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

 

November 30, 2020

 

Assets

 

 

 

 

 

 

Operating lease right-of-use assets

 

Operating lease right-of-use assets

 

$

17,653

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

Operating lease liabilities (current)

 

Other current liabilities

 

$

6,148

 

Operating lease liabilities (noncurrent)

 

Operating lease liabilities

 

 

19,217

 

Total lease liabilities

 

 

 

$

25,365

 

 

 

 

 

 

 

 

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 November 30,

 

 

For the Nine Months

Ended November 30,

 

 

2020

 

 

 

 

2019

 

 

2020

 

 

 

 

2019

 

Operating lease cost

$

1,763

 

 

 

 

$

663

 

 

$

5,127

 

 

 

 

$

4,636

 

Short-term lease cost

 

59

 

 

 

 

 

112

 

 

 

238

 

 

 

 

 

676

 

Variable lease cost

 

108

 

 

 

 

 

116

 

 

 

337

 

 

 

 

 

189

 

Total lease cost

$

1,930

 

 

 

 

$

891

 

 

$

5,702

 

 

 

 

$

5,501

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Supplemental Information Related to Operating Leases

The table below presents supplemental information related to operating leases during the nine months ended November 30, 2020 (in thousands, except weighted-average information):

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

 

$

5,682

 

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

 

$

5,425

 

Weighted average remaining lease term

 

 

4.71

 

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 November 30, 2020 (in thousands):

 

Remainder of 2021

 

$

2,406

 

2022

 

 

7,115

 

2023

 

 

6,598

 

2024

 

 

4,895

 

2025

 

 

3,113

 

Thereafter

 

 

2,900

 

Total minimum lease payments

 

 

27,027

 

Less imputed interest

 

 

(1,662

)

Present value of future minimum lease payments

 

 

25,365

 

Less current obligations under leases

 

 

(6,148

)

Long-term lease obligations

 

$

19,217