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Leases (Tables)
12 Months Ended
Feb. 28, 2021
Leases [Abstract]  
Components of Lease Expense

Components of lease expense for the three fiscal years ended (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

2020

 

 

2019

 

Operating lease cost

 

$

6,461

 

 

$

6,523

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

6,432

 

 

$

6,483

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

$

5,367

 

 

$

5,009

 

 

$

 

 

Weighted Average Remaining Lease Terms

 

 

 

 

Operating leases

 

4 Years

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

Operating leases

 

 

3.74

%

 

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

 

$

5,439

 

2023

 

 

5,031

 

2024

 

 

4,020

 

2025

 

 

3,276

 

2026

 

 

1,881

 

Thereafter

 

 

704

 

Total future minimum lease payments

 

$

20,351

 

Less imputed interest

 

 

1,446

 

Present values of lease liabilities

 

$

18,905