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Leases (Tables)
3 Months Ended
May 31, 2025
Leases [Abstract]  
Components of Lease Expense

Components of lease expense for the three months ended May 31, 2025 and 2024 were as follows (in thousands):

 

 

 

Three months ended

 

 

 

May 31, 2025

 

 

May 31, 2024

 

Operating lease cost

 

$

1,431

 

 

$

1,347

 

 

 

 

 

 

 

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

 

$

1,446

 

 

$

1,369

 

 

 

 

 

 

 

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

 

 

 

 

 

 

Operating leases

 

$

2,299

 

 

$

648

 

 

 

Weighted Average Remaining Lease Terms

 

 

 

 

Operating leases

 

3.0 Years

 

2.4 Years

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

Operating leases

 

4.39%

 

4.16%

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

 

2026 (remaining 9 months)

 

$

3,384

 

2027

 

 

3,675

 

2028

 

 

2,254

 

2029

 

 

1,391

 

2030

 

 

477

 

2031

 

 

12

 

Total future minimum lease payments

 

$

11,193

 

Less imputed interest

 

 

676

 

Present value of lease liabilities

 

$

10,517