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LEASES (Tables)
12 Months Ended
Feb. 29, 2020
Leases [Abstract]  
Summary of Lease-related Assets and Liabilities

The table below presents lease-related assets and liabilities recorded on the consolidated balance sheet (in thousands):

 

 

 

Classification

 

February 29, 2020

 

Assets

 

 

 

 

 

 

Operating lease right-of-use assets

 

Operating lease right-of-use assets

 

$

20,626

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

Operating lease liabilities (current)

 

Other current liabilities

 

$

4,662

 

Operating lease liabilities (noncurrent)

 

Operating lease liabilities

 

 

24,279

 

Total lease liabilities

 

 

 

$

28,941

 

 

 

 

 

 

 

 

Summary of Lease Costs Included in Consolidated Statements of Comprehensive Income (Loss)

The following lease costs were included in our consolidated statements of comprehensive income (loss) as follows (in thousands):

 

 

 

Year Ended February 29, 2020

 

Operating lease cost

 

$

6,497

 

Short-term lease cost

 

 

848

 

Variable lease cost

 

 

315

 

Total lease cost

 

$

7,660

 

 

 

 

 

 

Schedule of Supplemental Information Related to Operating Leases

The table below presents supplemental information related to operating leases during the fiscal year ended February 29, 2020 (in thousands, except weighted-average information):

 

Cash paid for amounts included in the measurement of operating lease liabilities

 

 

 

$

6,624

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

 

$

4,071

 

Weighted average remaining lease term

 

 

 

7.3 years

 

Weighted average discount rate

 

 

 

5.45%

 

Schedule of Reconciles the Undiscounted Cash Flows for Operating Lease Liabilities

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the consolidated balance sheet as of February 29, 2020 (in thousands):

 

2021

 

$

6,087

 

2022

 

 

5,485

 

2023

 

 

5,342

 

2024

 

 

5,076

 

2025

 

 

3,554

 

Thereafter

 

 

9,952

 

Total minimum lease payments

 

 

35,496

 

Less imputed interest

 

 

(6,555

)

Present value of future minimum lease payments

 

 

28,941

 

Less current obligations under leases

 

 

(4,662

)

Long-term lease obligations

 

$

24,279

 

Schedule of Minimum Lease Payments Under Operating Leases with Non-cancellable Terms in Excess of One Year

Minimum lease payments under operating leases with non-cancelable terms in excess of one year as of February 28, 2019, were as follows (in thousands):

 

2020

 

$

7,565

 

2021

 

 

6,386

 

2022

 

 

6,242

 

2023

 

 

6,199

 

2024

 

 

6,126

 

Thereafter

 

 

7,659

 

Total minimum lease payments

 

$

40,177