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Leases (Tables)
9 Months Ended
Nov. 30, 2024
Leases [Abstract]  
Components of Lease Expense

Components of lease expense for the three and nine months ended November 30, 2024 and 2023 were as follows (in thousands):

 

 

 

Three months ended

 

 

Nine months ended

 

 

 

November 30,
2024

 

 

November 30,
2023

 

 

November 30,
2024

 

 

November 30,
2023

 

Operating lease cost

 

$

1,412

 

 

$

1,390

 

 

$

4,148

 

 

$

4,241

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

1,431

 

 

$

1,394

 

 

$

4,210

 

 

$

4,256

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

$

4,052

 

 

$

214

 

 

$

5,547

 

 

$

993

 

 

 

Weighted Average Remaining Lease Terms

 

 

 

 

Operating leases

 

3.0 Years

 

3.0 Years

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

Operating leases

 

4.56%

 

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 3 months)

 

$

947

 

2026

 

 

4,807

 

2027

 

 

3,104

 

2028

 

 

1,666

 

2029

 

 

824

 

2030

 

 

297

 

Total future minimum lease payments

 

$

11,645

 

Less imputed interest

 

 

820

 

Present value of lease liabilities

 

$

10,825