Lease Obligations (Tables)

12 Months Ended

Feb. 29, 2020

The components of lease cost for the year ended February 29, 2020 were as follows:

	Year Ended February 29,
	2020
Operating lease cost (a) (c)	$	880
Finance lease cost:
Amortization of right of use assets (a)		684
Interest on lease liabilities (b)		47
Total finance lease cost	$	731

(a)

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

(b)

Recorded within Interest and bank charges on the Consolidated Statements 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:

	Year Ended February 29,
	2020
Non-cash investing and financing activities:
Right of use assets obtained in exchange for operating lease obligations	$	1,312
Property, plant, and equipment 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	$	841
Operating cash flows from finance leases	47
Finance cash flows from finance leases	646

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

	February 29, 2020
Operating Leases
Operating lease, right of use assets	$	3,143
Total operating lease right of use assets	$	3,143
Accrued expenses and other current liabilities	$	784
Operating lease liabilities, less current portion		2,391
Total operating lease liabilities	$	3,175
Finance Leases
Property, plant and equipment, gross	$	2,503
Accumulated depreciation		(1,209	)
Total finance lease right of use assets	$	1,294
Accrued expenses and other current liabilities	$	613
Finance lease liabilities, less current portion		720
Total finance lease liabilities	$	1,333
Weighted Average Remaining Lease Term
Operating leases	4.4 years
Finance leases	3.9 years
Weighted Average Discount Rate
Operating leases		5.98	%
Finance leases		3.87	%

Schedule of Maturities of Leases Liabilities

At February 29, 2020, maturities of lease liabilities for each of the succeeding years were as follows:

	Operating Leases		Finance Leases
2021	$	948	$	640
2022		907		428
2023		641		228
2024		480		80
2025		359		—
Thereafter		268		—
Total lease payments		3,603		1,376
Less imputed interest		428		43
Total	$	3,175	$	1,333

Schedule of Minimum Future Payment of Capital and Operating Lease

At February 28, 2019, the Company was obligated under non-cancellable operating leases for equipment and warehouse facilities related to continuing operations for minimum annual rental payments for each of the succeeding fiscal years:

	Operating Leases
2020	$	946
2021		604
2022		391
2023		154
2024		10
Thereafter		—
Total minimum lease payments	$	2,105