Lease Obligations (Tables)

6 Months Ended

Aug. 31, 2019

The components of lease cost for the three and six months ended August 31, 2019 were as follows:

	Three months ended		Six months ended
	August 31, 2019		August 31, 2019
Operating lease cost (a) (c)	$	233	$	459
Finance lease cost:
Amortization of right of use assets (a)		117		349
Interest on lease liabilities (b)		12		24
Total finance lease cost	$	129	$	373

(a)

Recorded within Selling, General and administrative, Engineering and technical support, and Cost of sales on the Consolidated Statement of Operations and Comprehensive (Loss) Income.

(b)

Recorded within Interest and bank charges on the Consolidated Statement of Operations and Comprehensive (Loss) Income.

(c)

Includes immaterial amounts related to variable rent expense.

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

	Six months ended
	August 31, 2019
Non-cash investing and financing activities:
Right of use assets obtained in exchange for operating lease obligations	$	534
Right of use assets obtained in exchange for finance lease obligations		1,024
Upon the adoption of ASC 842:
Right of use assets recorded in exchange for operating lease obligations	$	2,227
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	434
Operating cash flows from finance leases	24
Finance cash flows from finance leases	310

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

	August 31, 2019
Operating Leases
Operating lease, right of use assets	$	2,301
Total operating lease right of use assets	$	2,301
Accrued expenses and other current liabilities	$	560
Operating lease liabilities, less current portion		1,762
Total operating lease liabilities	$	2,322
Finance Leases
Property, plant and equipment, gross	$	2,918
Accumulated depreciation		(1,130	)
Total finance lease right of use assets	$	1,788
Accrued expenses and other current liabilities	$	672
Finance lease liabilities, less current portion		974
Total finance lease liabilities	$	1,646
Weighted Average Remaining Lease Term
Operating leases	4.5 years
Finance leases	3.9 years
Weighted Average Discount Rate
Operating leases		6.24	%
Finance leases		3.87	%

Schedule of Maturities of Leases Liabilities

At August 31, 2019, maturities of lease liabilities for each of the succeeding years were as follows:

	Operating Leases		Finance Leases
2020	$	684		711
2021		670		525
2022		547		318
2023		273		158
2024		228		—
Thereafter		271		—
Total lease payments		2,673		1,712
Less imputed interest		351		66
Total	$	2,322		1,646

Schedule of Minimum Future Payment of Capital and Operating Lease

At February 28, 2019, the Company was obligated under non-cancelable operating leases for equipment, as well as warehouse and office facilities for minimum annual rental payments, for each of the succeeding years, as follows:

	Operating Leases
2019	$	946
2020		604
2021		391
2022		154
2023		10
Thereafter		—
Total minimum lease payments	$	2,105