On March 1, 2019, we adopted ASC 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 2033. Certain lease agreements contain renewal options, rent abatement, and escalation clauses that are factored into our determination of lease payments when appropriate.

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

	February 28,
	2022		2021
Assets
Operating lease right-of-use assets	$	12,327	$	14,273

Liabilities
Operating lease liabilities (current)	$	5,086	$	4,926
Operating lease liabilities (noncurrent)		13,382		17,061
Total lease liabilities	$	18,468	$	21,987

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. We 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 loss.

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

	Years ended February 28,
	2022		2021
Operating lease cost	$	4,741	$	6,842
Short-term lease cost		75		168
Variable lease cost		102		442
Total lease cost	$	4,918	$	7,452

The table below presents supplemental information related to operating leases (in thousands, except weighted-average information):

	Years ended February 28,
	2022		2021
Cash paid for amounts included in the measurement of operating lease liabilities	$	6,005	$	7,549
Right-of-use assets obtained in exchange for new operating lease liabilities	$	3,087	$	2,513
Weighted average remaining lease term	3.8 years		4.7 years
Weighted average discount rate	5.17%			5.37	%

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, 2022 (in thousands):

2023	$	5,894
2024		5,564
2025		3,958
2026		3,090
2027		1,334
Thereafter		500
Total minimum lease payments		20,340
Less imputed interest		(1,872	)
Present value of future minimum lease payments		18,468
Less current obligations under leases		(5,086	)
Long-term lease obligations	$	13,382