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Commitments and Contingencies
 6 Months Ended
Aug. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies

Legal Matters – On May 31, 2018, we settled a patent infringement dispute related to two forehead thermometer models sold by our subsidiary, Kaz USA, Inc., in the United States and made a settlement payment of $15.0 million, which was accrued in prior periods along with related legal fees and other costs.      

We are involved in various other legal claims and proceedings in the normal course of operations.  We believe the outcome of these matters will not have a material adverse effect on our consolidated financial position, results of operations or liquidity.
Lease Commitments – The implementation of the new lease guidance (ASC 842) using the effective date method requires the disclosure of our lease commitments from our latest annual report on Form 10-K for the interim periods during the first year of adoption (see Note 4). The lease commitments as of February 28, 2019 were as follows:
 
Fiscal Years Ended the Last Day of February:
 
 
2020
2021
2022
2023
2024
After
(in thousands)
Total
1 year
2 years
3 years
4 years
5 years
5 years
Operating leases
$
69,482

$
5,171

$
6,678

$
6,411

$
5,743

$
5,078

$
40,401



The minimum rental payments for operating leases presented above were determined in accordance with the previous lease guidance (ASC 840). Note 4 presents a summary of our estimated lease payments, imputed interest and liabilities as of August 31, 2019, in accordance with the new lease guidance (ASC 842).