XML 97 R41.htm IDEA: XBRL DOCUMENT v3.20.1
Leases (Tables)
12 Months Ended
Feb. 29, 2020
Leases [Abstract]  
Lease, Cost [Table Text Block]
(In thousands)
Year Ended February 29, 2020
Operating lease cost (1)
$
57,656

Finance lease cost:
 
Depreciation of lease assets
5,769

Interest on lease liabilities
7,678

Total finance lease cost
13,447

Total lease cost
$
71,103


(1) Includes short-term leases and variable lease costs, which are immaterial.
Supplemental Balance Sheet Disclosures [Text Block]
(In thousands)
Classification
As of February 29, 2020
Assets:
 
 
Operating lease assets
Operating lease assets
$
449,094

Finance lease assets
Property and equipment, net (1)
75,320

Total lease assets
 
$
524,414

Liabilities:
 
 
Current:
 
 
Operating leases
Current portion of operating lease liabilities
$
30,980

Finance leases
Accrued expenses and other current liabilities
5,066

Long-term:
 
 
Operating leases
Operating lease liabilities, excluding current portion
440,671

Finance leases
Other liabilities
79,327

Total lease liabilities
 
$
556,044


(1) Finance lease assets are recorded net of accumulated depreciation of $9.1 million as of February 29, 2020.

Other Lease Disclosures [Table Text Block]
(In thousands)
Year Ended February 29, 2020
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows from operating leases
$
57,145

Operating cash flows from finance leases
$
4,027

Financing cash flows from finance leases
$
4,151

 
 
Lease assets obtained in exchange for lease obligations:
Operating leases
$
27,136

Finance leases
$
53,111


Lease Term and Discount Rate
As of February 29, 2020
Weighted Average Remaining Lease Term (in years)
 
Operating leases
19.98

Finance leases
13.55

 
 
Weighted Average Discount Rate
 
Operating leases
5.40
%
Finance leases
10.32
%


Schedule Of Future Minimum Lease Obligations
 
As of February 28, 2019
 
Capital
 
Operating Lease
(In thousands)
Leases (1)
 
Commitments (1)
Fiscal 2020
$
5,139

 
$
55,295

Fiscal 2021
6,055

 
52,142

Fiscal 2022
6,185

 
48,886

Fiscal 2023
6,288

 
46,235

Fiscal 2024
5,186

 
45,067

Fiscal 2025 and thereafter
11,445

 
595,047

Total minimum lease payments
40,298

 
$
842,672

Less amounts representing interest
(8,518
)
 
 
Present value of net minimum lease payments 
$
31,780

 
 

(1) Excludes taxes, insurance and other costs payable directly by us. These costs vary from year to year and are incurred in the ordinary course of business.
 
As of February 29, 2020
(In thousands)
Operating Leases (1)
 
Finance Leases (1)
Fiscal 2021
$
54,577

 
$
13,053

Fiscal 2022
51,049

 
13,849

Fiscal 2023
48,441

 
14,070

Fiscal 2024
47,238

 
16,729

Fiscal 2025
46,136

 
12,994

Thereafter
570,667

 
90,742

Total lease payments
818,108

 
161,437

Less: interest
(346,457
)
 
(77,044
)
Present value of lease liabilities
$
471,651

 
$
84,393


(1) Lease payments exclude $36.9 million of legally binding minimum lease payments for leases signed but not yet commenced.