XML 49 R34.htm IDEA: XBRL DOCUMENT v3.24.4
Leases (Tables)
9 Months Ended
Nov. 30, 2024
Leases [Abstract]  
Lease, Cost [Table Text Block]
Three Months Ended November 30Nine Months Ended November 30
(In thousands)2024202320242023
Operating lease cost (1)
$22,934 $22,772 $69,035 $66,958 
Finance lease cost:
Depreciation of lease assets5,132 5,266 15,980 14,708 
Interest on lease liabilities6,589 6,610 20,180 19,112 
Total finance lease cost11,721 11,876 36,160 33,820 
Total lease cost$34,655 $34,648 $105,195 $100,778 

(1)    Includes short-term leases and variable lease costs, which are immaterial.
Supplemental Balance Sheet Disclosures [Text Block]
As of November 30As of February 29
(In thousands)Classification20242024
Assets:
Operating lease assetsOperating lease assets$504,979 $520,717 
Finance lease assets
Property and equipment, net (1)
163,081 174,998 
Total lease assets$668,060 $695,715 
Liabilities:
Current:
Operating leasesCurrent portion of operating lease liabilities$60,338 $57,161 
Finance leasesAccrued expenses and other current liabilities14,253 20,877 
Long-term:
Operating leasesOperating lease liabilities, excluding current portion481,344 496,210 
Finance leasesOther liabilities190,754 198,759 
Total lease liabilities$746,689 $773,007 

(1)    Finance lease assets are recorded net of accumulated depreciation of $63.1 million as of November 30, 2024 and $55.5 million as of February 29, 2024.
Other Lease Disclosures [Table Text Block]
As of November 30As of February 29
Lease Term and Discount Rate20242024
Weighted Average Remaining Lease Term (in years)
Operating leases15.6816.07
Finance leases14.4311.43
Weighted Average Discount Rate
Operating leases5.15 %5.05 %
Finance leases16.88 %17.16 %
Nine Months Ended November 30
(In thousands)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$70,954 $66,352 
Operating cash flows from finance leases$18,515 $18,387 
Financing cash flows from finance leases$13,146 $12,177 
Lease assets obtained in exchange for lease obligations:
Operating leases$27,982 $29,080 
Finance leases$5,442 $50,085 
Schedule Of Future Minimum Lease Obligations [Table Text Block]
As of November 30, 2024
(In thousands)
Operating Leases (1)
Finance Leases (1)
Fiscal 2025, remaining$22,382 $9,017 
Fiscal 202683,861 38,874 
Fiscal 202776,849 39,415 
Fiscal 202872,725 35,212 
Fiscal 202950,845 34,945 
Thereafter530,719 279,212 
Total lease payments837,381 436,675 
Less: interest(295,699)(231,668)
Present value of lease liabilities$541,682 $205,007 
(1)    Lease payments exclude $4.7 million of legally binding minimum lease payments for leases signed but not yet commenced.