Leases (Tables)

3 Months Ended

May 31, 2023

Leases [Abstract]

Lease, Cost

The following table outlines the classification of the Company's right-of-use asset and lease liabilities in the balance sheets as of May 31, 2023 and February 28, 2023 (in thousands):

	Balance Sheet Classification	As of
		May 31, 2023		February 28, 2023
Assets
Right-of-use assets	Right-of-use assets	$	26,262	$	26,392
Liabilities
Operating lease liabilities ― short-term	Lease liability - short-term	$	6,273	$	6,119
Operating lease liabilities ― long-term	Lease liability - long-term	19,455		19,659
Finance lease liabilities ― short-term	Lease liability - short-term	288		284
Finance lease liabilities ― long-term	Lease liability - long-term	972		1,045

Lessee, Operating Lease, Liability, Maturity

The following table outlines the classification of the Company's right-of-use asset and lease liabilities in the balance sheets as of May 31, 2023 and February 28, 2023 (in thousands):

	Balance Sheet Classification	As of
		May 31, 2023		February 28, 2023
Assets
Right-of-use assets	Right-of-use assets	$	26,262	$	26,392
Liabilities
Operating lease liabilities ― short-term	Lease liability - short-term	$	6,273	$	6,119
Operating lease liabilities ― long-term	Lease liability - long-term	19,455		19,659
Finance lease liabilities ― short-term	Lease liability - short-term	288		284
Finance lease liabilities ― long-term	Lease liability - long-term	972		1,045

Supplemental information related to the Company's portfolio of operating leases was as follows (in thousands, except years and percentages):

	Three Months Ended May 31,
	2023		2022
Operating cash flows from operating leases included in lease liabilities	$	1,825	$	1,147
Lease liabilities obtained from new ROU assets - operating	$	1,509	$	111
Operating and financing cash flows from financing leases included in lease liabilities	$	86	$	45
Lease liabilities obtained from new ROU assets - financing	$	—	$	—

	As of
	May 31, 2023		February 28, 2023
Weighted-average remaining lease term - operating leases	4.76 years		5.04 years
Weighted-average discount rate - operating leases	4.37	%	4.31	%
Weighted-average remaining lease term - financing leases	4.37 years		4.61 years
Weighted-average discount rate - financing leases	5.17	%	5.15	%

The following table outlines the classification of lease expense related to operating leases from continuing operations, in the statements of operations (in thousands):

	Three Months Ended May 31,
	2023		2022
Cost of sales	$	3,102	$	2,070
Selling, general and administrative	499		374
Total lease cost	$	3,601	$	2,444

Finance Lease, Liability, Maturity

As of May 31, 2023, maturities of the Company's lease liabilities, excluding lease liabilities associated with our discontinued operations, were as follows (in thousands):

Fiscal year:	Operating Leases		Finance Leases		Total
2024	$	5,483	$	258	$	5,741
2025	6,658		344		7,002
2026	5,742		300		6,042
2027	4,565		268		4,833
2028	2,491		195		2,686
2029	1,959		43		2,002
Thereafter	1,627		—		1,627
Total lease payments	$	28,525	$	1,408	$	29,933
Less imputed interest	(2,796)		(149)		(2,945)
Total	$	25,729	$	1,259	$	26,988