OTHER FINANCIAL INFORMATION

12 Months Ended

Feb. 28, 2021

Other Financial Information [Abstract]

OTHER FINANCIAL INFORMATION

NOTE 19 – OTHER FINANCIAL INFORMATION

Supplemental Balance Sheet Information

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

	February 28/29,
	2021		2020
Operating lease liabilities	$	4,926	$	4,662
Litigation reserve		2,200		1,500
Customer deposits		2,472		1,377
Warranty reserves		1,257		987
Other		6,525		5,973
	$	17,380	$	14,499

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

	February 28/29,
	2021		2020
Deferred revenue	$	19,893	$	24,644
Deferred compensation plan liability		6,992		5,919
Deferred tax liability		178		122
Other		3,424		1,551
	$	30,487	$	32,236

Supplemental Income Statement Information

Interest expense consists of the following (in thousands):

	Year Ended February 28/29,
	2021		2020		2019
Interest expense on 2020 Convertible Notes:
Stated interest at 1.625% per annum	$	93	$	1,464	$	2,308
Amortization of discount and issuance costs		289		4,336		6,484
		382		5,800		8,792
Interest expense on 2025 Convertible Notes:
Stated interest at 2.00% per annum		4,587		4,613		2,811
Amortization of discount and issuance costs		9,378		8,750		4,980
		13,965		13,363		7,791
Other interest expense		1,140		933		143
Total interest expense	$	15,487	$	20,096	$	16,726

Supplemental Cash Flow Information

“Net cash provided by operating activities” in the consolidated statements of cash flows includes cash payments for interest and income taxes. The following is our supplemental schedule of cash payments for interest and income taxes and non-cash investing and financing activities (in thousands):

	Year Ended February 28/29,
	2021			2020			2019
Cash payments for interest and income taxes:
Interest expense paid	$	5,320		$	6,762		$	5,057
Income tax paid, net of refunds	$	643		$	220		$	964
Non-cash investing and financing activities:
Accrued liability for capital expenditures	$	(604	)	$	(283	)	$	881
Conversion of receivables to equity investment	$	-		$	-		$	300

Valuation and Qualifying Accounts

Following is our schedule of valuation and qualifying accounts for the last three years (in thousands):

	Balance at beginning of year		Charged (credited) to costs and expenses		Deductions			Balance at end of year
Allowance for doubtful accounts:
Fiscal 2019		858		922		(577	)		1,203
Fiscal 2020		1,203		2,214		(1,153	)		2,264
Fiscal 2021		2,264		2,163		(769	)		3,658
Warranty reserve:
Fiscal 2019		5,734		1,126		(5,462	)		1,398
Fiscal 2020		1,398		729		(1,140	)		987
Fiscal 2021		987		2,729		(2,459	)		1,257
Deferred tax assets valuation allowance:
Fiscal 2019		16,844		799		(6,714	)		10,929
Fiscal 2020		10,929		34,631		-			45,560
Fiscal 2021		45,560		11,288		-			56,848