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OTHER ASSETS
12 Months Ended
Feb. 28, 2023
Other Assets, Noncurrent Disclosure [Abstract]  
OTHER ASSETS

NOTE 9 – OTHER ASSETS

Other assets consist of the following (in thousands):

 

 

 

February 28,

 

 

 

2023

 

 

2022

 

Deferred product cost

 

$

842

 

 

$

1,493

 

Deferred compensation plan assets

 

 

6,221

 

 

 

7,215

 

Lease receivables, non-current

 

 

22,006

 

 

 

15,118

 

Prepaid commissions

 

 

4,057

 

 

 

2,894

 

Other

 

 

2,952

 

 

 

2,912

 

 

 

$

36,078

 

 

$

29,632

 

 

We have a non-qualified deferred compensation plan in which certain members of management and all non-employee directors are eligible to participate. Participants may defer a portion of their compensation until retirement or another date specified by them in accordance with the plan. We are funding the plan obligations through cash deposits to a Rabbi Trust that are invested in various equity, bond, COLI and money market mutual funds in generally the same proportion as investment elections made by the participants. The deferred compensation plan liability is included in other non-current liabilities in the accompanying consolidated balance sheets.