XML 40 R33.htm IDEA: XBRL DOCUMENT v3.24.3
Leases (Tables)
6 Months Ended
Aug. 31, 2024
Leases [Abstract]  
Components of Lease Expense

Components of lease expense for the three and six months ended August 31, 2024 and 2023 were as follows (in thousands):

 

 

 

Three months ended

 

 

Six months ended

 

 

 

August 31, 2024

 

 

August 31, 2023

 

 

August 31, 2024

 

 

August 31, 2023

 

Operating lease cost

 

$

1,389

 

 

$

1,418

 

 

$

2,736

 

 

$

2,851

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

1,410

 

 

$

1,421

 

 

$

2,779

 

 

$

2,862

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

$

847

 

 

$

779

 

 

$

1,495

 

 

$

779

 

 

 

Weighted Average Remaining Lease Terms

 

 

 

 

 

 

Operating leases

 

2.5 Years

 

 

2.9 Years

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

Operating leases

 

 

4.27

%

 

 

4.03

%

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

 

2025 (remaining 6 months)

 

$

2,027

 

2026

 

 

3,590

 

2027

 

 

1,912

 

2028

 

 

723

 

2029

 

 

378

 

Total future minimum lease payments

 

$

8,630

 

Less imputed interest

 

 

476

 

Present value of lease liabilities

 

$

8,154