Allowance for Credit Losses

9 Months Ended

Nov. 30, 2023

Credit Loss [Abstract]

Allowance for Credit Losses

Allowance for Credit Losses

The activity in the allowance for credit losses related to our net investment in leases, investments, and deferred rent receivables for the nine months ended November 30, 2023, was as follows:

	Net Investment in Leases, net		Other Investments, net		Deferred Rent Receivables, net		Total
Balance at February 28, 2023	$	1,267	$	—	$	—	$	1,267
Provision for credit losses	6,050		3,209		2,146		11,405
Write-offs	(278)		—		—		(278)
Balance at November 30, 2023	$	7,039	$	3,209	$	2,146	$	12,394

During the nine months ended November 30, 2023, we increased our credit provision for net investment in leases as a result of 10 aircraft that were reclassified from operating leases to sales-type leases – see Note 5. We also recognized a credit provision for debt securities received by us as part of an airline restructuring, as well as certain restructured receivables, during the nine months ended November 30, 2023.