Leases (Tables)

3 Months Ended

May 31, 2022

Leases [Abstract]

Classifications of Estimated ROU Assets, Net and Lease Liabilities

The following tables presents the amounts and classifications of our estimated ROU assets, net and lease liabilities:

($ in thousands)	Balance Sheet Location	May 31, 2022		February 28, 2022
Operating lease right-of-use assets	Operating lease right-of-use assets	$	28,761	$	28,102
Finance lease right-of-use asset	Property and equipment, net		3,108		3,719
Total right-of-use assets		$	31,869	$	31,821

($ in thousands)	Balance Sheet Location	May 31, 2022		February 28, 2022
Operating lease liability - current	Current portion of operating lease obligations	$	8,240	$	7,652
Operating lease liability	Operating lease obligations		21,652		21,202
Finance lease liability - current	Current portion of finance lease obligations		2,206		2,307
Finance lease liability	Finance lease obligations		1,882		1,950
Total lease liabilities		$	33,980	$	33,111

Summary of Lease Cost

The following table summarizes our total lease cost:

	Three Months Ended May 31,
($ in thousands)	2022			2021
Finance lease cost:
Amortization of right-of-use asset	$	611		$	1,193
Interest on lease liability		70			130
Finance lease cost		681			1,323
Operating lease cost:
Operating lease cost		1,372			1,349
Variable lease cost		2,096			801
Sublease income		(228	)		(174	)
Operating net lease cost		3,240			1,976
Total net lease cost	$	3,921		$	3,299

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

	Three Months Ended May 31,
($ in thousands)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	2,712	$	1,313

Weighted-average Remaining Lease Terms and Discount Rates of Leases

The following table presents the weighted-average remaining lease terms and discount rates of our leases:

	Three Months Ended May 31,
	2022			2021
Weighted-average remaining lease term (in years):
Finance lease		1.14			1.82
Operating lease		6.42			5.27
Weighted-average discount rate:
Finance lease		9.20	%		9.20	%
Operating lease		5.23	%		4.39	%

Undiscounted Future Cash Flows Utilized in Calculation of Lease Liabilities

The following table reflects the undiscounted future cash flows utilized in the calculation of the lease liabilities as of May 31, 2022:

($ in thousands)	Operating Leases			Finance Leases
June 2022 - February 2023	$	7,593		$	2,146
2024		8,520			2,105
2025		6,612			—
2026		4,386			—
2027		3,347			—
Thereafter		2,878			—
Total		33,336			4,251
Less: Present value discount		(3,444	)		(163	)
Lease liabilities	$	29,892		$	4,088