Leases (Tables)

9 Months Ended

Nov. 30, 2019

Leases [Abstract]

Schedule of Lease Cost

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

	November 30, 2019
Weighted-average remaining lease term (in years)
Operating leases	6.0
Finance leases	25.9
Weighted-average discount rate
Operating leases	6.1	%
Finance leases	9.0	%

Other information with respect to the Company's leases is as follows:

(in thousands)	Nine months ended November 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	423,877
Operating cash flows from finance leases	7,755
Operating lease assets obtained in exchange for new operating lease liabilities	320,989

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

(in thousands)	Statement of Operations Location	Three months ended November 30, 2019			Nine months ended November 30, 2019
Operating lease cost	Cost of sales and SG&A	$	142,941		$	430,614
Finance lease cost:
Depreciation of property	SG&A	648			1,944
Interest on lease liabilities	Interest expense, net	2,225			6,661
Variable lease cost	Cost of sales and SG&A	50,372			148,542
Sublease income	SG&A	(278		)	(834		)
Total lease cost		$	195,908		$	586,927

Assets and Liabilities Related to Operating and Finance Leases

As of November 30, 2019, assets and liabilities related to the Company's operating and finance leases were as follows:

(in thousands)	Consolidated Balance Sheet Location	November 30, 2019
Assets
Operating leases	Operating lease assets	$	1,947,008
Finance leases	Property and equipment, net	69,935
Total Lease assets		$	2,016,943
Liabilities
Current:
Operating leases	Current operating lease liabilities	$	459,364
Finance leases	Accrued expenses and other current liabilities	1,564
Noncurrent:
Operating leases	Operating lease liabilities	1,750,353
Finance leases	Other liabilities	102,776
Total lease liabilities		$	2,314,057

Schedule of Lease Liabilities, Operating

As of November 30, 2019, the Company's lease liabilities mature as follows:

(in thousands)	Operating Leases			Finance Leases
Fiscal Year:
Remainder of 2019	$	134,523		$	2,616
2020	584,813			10,469
2021	492,310			10,434
2022	397,953			10,407
2023	305,256			10,524
Thereafter	746,125			259,584
Total lease payments	$	2,660,980		$	304,034
Less imputed interest	(451,263		)	(199,694		)
Present value of lease liabilities	$	2,209,717		$	104,340

Schedule of Lease Liabilities, Finance

As of November 30, 2019, the Company's lease liabilities mature as follows:

(in thousands)	Operating Leases			Finance Leases
Fiscal Year:
Remainder of 2019	$	134,523		$	2,616
2020	584,813			10,469
2021	492,310			10,434
2022	397,953			10,407
2023	305,256			10,524
Thereafter	746,125			259,584
Total lease payments	$	2,660,980		$	304,034
Less imputed interest	(451,263		)	(199,694		)
Present value of lease liabilities	$	2,209,717		$	104,340

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