Lease Obligations (Tables)

9 Months Ended

Nov. 30, 2019

The components of lease cost for the three and nine months ended November 30, 2019 were as follows:

	Three months ended		Nine months ended
	November 30, 2019		November 30, 2019
Operating lease cost (a) (c)	$	209	$	668
Finance lease cost:
Amortization of right of use assets (a)		167		516
Interest on lease liabilities (b)		12		36
Total finance lease cost	$	179	$	552

(a)

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

(b)

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

(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:

	Nine months ended
	November 30, 2019
Non-cash investing and financing activities:
Right of use assets obtained in exchange for operating lease obligations	$	1,214
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	$	628
Operating cash flows from finance leases	36
Finance cash flows from finance leases	477

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

	November 30, 2019
Operating Leases
Operating lease, right of use assets	$	2,773
Total operating lease right of use assets	$	2,773
Accrued expenses and other current liabilities	$	680
Operating lease liabilities, less current portion		2,127
Total operating lease liabilities	$	2,807
Finance Leases
Property, plant and equipment, gross	$	2,503
Accumulated depreciation		(1,041	)
Total finance lease right of use assets	$	1,462
Accrued expenses and other current liabilities	$	647
Finance lease liabilities, less current portion		855
Total finance lease liabilities	$	1,502
Weighted Average Remaining Lease Term
Operating leases	4.4 years
Finance leases	3.9 years
Weighted Average Discount Rate
Operating leases		6.08	%
Finance leases		3.87	%

Schedule of Maturities of Leases Liabilities

At November 30, 2019, maturities of lease liabilities for each of the succeeding years were as follows:

	Operating Leases		Finance Leases
2020	$	829		681
2021		803		483
2022		616		274
2023		400		118
2024		333		—
Thereafter		224		—
Total lease payments		3,205		1,556
Less imputed interest		398		54
Total	$	2,807		1,502

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