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Leases (Tables)
9 Months Ended
Nov. 30, 2021
Leases [Abstract]  
Components of Lease Expense

Components of lease expense for the three and nine months ended November 30, 2021 and November 30, 2020 were as follows (in thousands):

 

 

 

Three months ended

 

Nine months ended

 

 

November 30, 2021

 

November 30, 2020

 

November 30, 2021

 

November 30, 2020

Operating lease cost

 

$1,454

 

$1,572

 

$4,688

 

$4,773

 

 

 

 

 

 

 

 

 

Supplemental cash flow information related to leases was as follows:

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$1,459

 

$1,568

 

$4,675

 

$4,743

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations

 

 

 

 

 

 

 

 

Operating leases

 

$—

 

$138

 

$3,441

 

$194

 

Weighted Average Remaining Lease Terms

 

 

 

Operating leases

 

3 Years

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

Operating leases

 

 

3.64

%

Summary of Future Minimum Lease Commitments Under Non-cancelable Operating Leases

Future minimum lease commitments under non-cancelable operating leases for each of the fiscal years ending are as follows (in thousands):

 

 

 

Operating

 

 

 

Lease

 

 

 

Commitments

 

2022 (remaining 3 months)

 

$

1,106

 

2023

 

 

5,813

 

2024

 

 

4,420

 

2025

 

 

3,651

 

2026

 

 

2,160

 

2027

 

 

890

 

Thereafter

 

 

3

 

Total future minimum lease payments

 

$

18,043

 

Less imputed interest

 

 

1,117

 

Present value of lease liabilities

 

$

16,926