On March 1, 2019, we adopted Accounting Standard Codification 842, Leases. We applied the transition requirements on the adoption date, rather than at the beginning of the earliest comparative period presented. In addition, we elected the package of practical expedients permitted under the transition guidance, which does not require reassessment of prior conclusions related to contracts containing a lease, lease classification and initial direct lease costs. As an accounting policy election, we excluded short-term leases (term of 12 months or less) from the balance sheet presentation and accounted for non-lease and lease components in a contract as a single lease component for certain asset classes.

We have various non-cancelable operating leases for our offices in California, Texas, Massachusetts, Indiana and Minnesota in the United States, and Italy, Mexico and the United Kingdom. We also have various non-cancelable operating leases for towers and vehicles throughout the United States, Italy and Mexico. These leases expire at various times through 2028. Certain lease agreements contain renewal options, rent abatement, and escalation clauses that are factored into our determination of lease payments when appropriate.

During the third quarter of fiscal 2020, we identified certain immaterial adjustments related to amounts recorded for the adoption of ASC 842. The revised amounts for ROU assets and lease liabilities as of March 1, 2019 are $25.6 million and $29.1 million, respectively.

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

	Classification	February 28, 2021		February 29, 2020
Assets
Operating lease right-of-use assets	Operating lease right-of-use assets	$	14,273	$	20,626

Liabilities
Operating lease liabilities (current)	Other current liabilities	$	4,926	$	4,662
Operating lease liabilities (noncurrent)	Operating lease liabilities		17,061		24,279
Total lease liabilities		$	21,987	$	28,941

As a result of the adoption of ASC 842, effective March 1, 2019, the balance of the restructuring liability related to certain facility leases have been reclassified as a reduction of the Operating lease right-of-use assets in our consolidated balance sheet. During fiscal year ended February 29, 2020, we further impaired our operating lease right-of-use assets for the Canton, Massachusetts facility by $1.2 million, which is now considered part of the discontinued operations.

Additionally, we also recorded an impairment loss aggregating $0.7 million and $0.6 million, which represented total operating lease right-of-use assets from various tower leases that were terminated or planned to be terminated as well as ceased use office facilities as of February 28/29, 2021 and 2020, respectively. Impairment loss relating to tower leases are considered as part of the discontinued operations (see Note 2) and the remaining balance is included within the total Impairment loss shown in the operating expenses in our consolidated statement of comprehensive income (loss).

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

	Year Ended February 28, 2021		Year Ended February 29, 2020
Operating lease cost	$	6,842	$	6,497
Short-term lease cost		168		848
Variable lease cost		442		315
Total lease cost	$	7,452	$	7,660

The table below presents supplemental information related to operating leases during the fiscal year ended February 28, 2021 (in thousands, except weighted-average information):

	Year Ended February 28, 2021		Year Ended February 29, 2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	7,549	$	6,624
Right-of-use assets obtained in exchange for new operating lease liabilities	$	2,513	$	4,071
Weighted average remaining lease term	4.7 years		7.3 years
Weighted average discount rate	5.37%			5.45	%

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 consolidated balance sheet as of February 28, 2021 (in thousands):

2022	$	5,635
2023		5,208
2024		4,795
2025		3,107
2026		2,322
Thereafter		1,922
Total minimum lease payments		22,989
Less imputed interest		(1,002	)
Present value of future minimum lease payments		21,987
Less current obligations under leases		(4,926	)
Long-term lease obligations	$	17,061