Commitments and Contingencies

12 Months Ended

Feb. 28, 2015

Commitments and Contingencies

Note 9. Commitments and Contingencies

Operating Leases

The Company leases various manufacturing facilities and transportation equipment under leases classified as operating leases, expiring at various dates through 2025. These leases provide that the Company pay taxes, insurance, and other expenses on the leased property and equipment. Rent expense for all leases was approximately $0.8 million and $0.8 million in fiscal 2015 and 2014, respectively.

Future minimum rental payments due under these leases are as follows (in thousands):

Fiscal Year	Amount
2016	$	680
2017		510
2018		509
2019		424
2020		398
Thereafter		1,374
	$	3,895

Related Party Leases

Included above are leases for manufacturing and warehouse facilities leased from the Company’s chief executive officer and Ordway Properties, LLC under operating leases expiring at various dates through 2025. Rent expense under these leases totaled approximately $314 thousand in fiscal 2015 and 2014.

Future minimum rental payments due under these leases with related parties are as follows (in thousands):

Fiscal Year	Amount
2016	$	504
2017		504
2018		504
2019		418
2020		394
Thereafter		1,374
	$	3,698

Legal Proceedings

The Company is involved in various legal proceedings relating to claims arising in the ordinary course of business. Management is of the opinion, that the ultimate resolution of these matters will not have a material adverse effect on the Company’s business, consolidated financial condition, results of operation or cash flows.