Leases (Tables)

6 Months Ended

Aug. 31, 2019

Leases [Abstract]

Schedule of Lease Cost

The Company's lease terms and discount rates are as follows:

	August 31, 2019
Weighted-average remaining lease term (in years)
Operating leases	6.1
Finance leases	26.2
Weighted-average discount rate
Operating leases	6.1	%
Finance leases	9.0	%

Other information for the Company's leases is as follows:

(in thousands)	Six months ended August 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	271,669
Operating cash flows from finance leases	5,160
Operating lease assets obtained in exchange for new operating lease liabilities	262,315

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

(in thousands)	Statement of Operations Location	Three months ended August 31, 2019			Six months ended August 31, 2019
Operating lease cost	Cost of sales and SG&A	$	143,773		$	287,673
Finance lease cost:
Depreciation of property	SG&A	648			1,296
Interest on lease liabilities	Interest expense, net	2,214			4,436
Variable lease cost	Cost of sales and SG&A	50,275			98,170
Sublease income	SG&A	(278		)	(556		)
Total lease cost		$	196,632		$	391,019

Assets and Liabilities Related to Operating and Finance Leases

As of August 31, 2019, assets and liabilities related to the Company's operating and finance leases are as follows:

(in thousands)	Consolidated Balance Sheet Location	August 31, 2019
Assets
Operating leases	Operating lease assets	$	2,012,681
Finance leases	Property and equipment, net	70,583
Total Lease assets		$	2,083,264
Liabilities
Current:
Operating leases	Current operating lease liabilities	$	456,324
Finance leases	Accrued expenses and other current liabilities	1,547
Noncurrent:
Operating leases	Operating lease liabilities	1,813,015
Finance leases	Other liabilities	103,172
Total lease liabilities		$	2,374,058

Schedule of Lease Liabilities, Operating

As of August 31, 2019, the Company's lease liabilities mature as follows:

(in thousands)	Operating Leases			Finance Leases
Fiscal Year:
Remainder of 2019	$	286,430		$	5,221
2020	576,119			10,469
2021	481,833			10,434
2022	387,133			10,407
2023	294,998			10,524
Thereafter	722,013			259,584
Total lease payments	$	2,748,526		$	306,639
Less imputed interest	(479,187		)	(201,920		)
Present value of lease liabilities	$	2,269,339		$	104,719

Schedule of Lease Liabilities, Finance

As of August 31, 2019, the Company's lease liabilities mature as follows:

(in thousands)	Operating Leases			Finance Leases
Fiscal Year:
Remainder of 2019	$	286,430		$	5,221
2020	576,119			10,469
2021	481,833			10,434
2022	387,133			10,407
2023	294,998			10,524
Thereafter	722,013			259,584
Total lease payments	$	2,748,526		$	306,639
Less imputed interest	(479,187		)	(201,920		)
Present value of lease liabilities	$	2,269,339		$	104,719

Schedule of Future Minimum Rental Payments Under Non-cancelable Operating Leases

As of March 2, 2019, future minimum lease payments under non-cancelable operating leases were as follows:

(in thousands)	Operating Leases
Fiscal Year:
2019	609,613
2020	534,055
2021	434,908
2022	334,587
2023	241,863
Thereafter	616,170
Total future minimum lease payments	2,771,196