XML 38 R27.htm IDEA: XBRL DOCUMENT v3.23.2
Net Investment in Leases, Net (Tables)
 3 Months Ended
May 31, 2023
Leases [Abstract]  
Schedule of Components of Net Investment in Leases The components of our net investment in leases at May 31, 2023 and February 28, 2023, were as follows:
May 31, 2023February 28, 2023
Lease receivable$143,191 $31,674 
Unguaranteed residual value of flight equipment131,665 37,287 
Net investment leases274,856 68,961 
Allowance for credit losses(8,226)(1,267)
Net investment in leases, net$266,630 $67,694 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The activity in the allowance for credit losses related to our net investment in leases for the three months ended May 31, 2023 was as follows:
Amount
Balance at February 28, 2023
$1,267 
Provision for credit losses6,959 
Balance at May 31, 2023
$8,226 
At May 31, 2023, future lease payments to be received under our net investment in leases were as follows:
Year Ending February 28/29,Amount
2024 (Remainder of fiscal year)$17,735 
202525,284 
202624,984 
202725,121 
202824,911 
Thereafter74,317 
Total lease payments to be received192,352 
Present value of lease payments - lease receivable(143,191)
Difference between undiscounted lease payments and lease receivable$49,161