OTHER FINANCIAL INFORMATION

3 Months Ended

May 31, 2021

Other Financial Information [Abstract]

NOTE 14 – OTHER FINANCIAL INFORMATION

Supplemental Balance Sheet Information

Other current liabilities consist of the following (in thousands):

	May 31,		February 28,
	2021		2021
Operating lease liabilities	$	4,768	$	4,926
Warranty reserves		1,799		1,257
Customer deposits		2,366		2,472
Litigation reserve		2,200		2,200
Other (1)		9,338		6,525
	$	20,471	$	17,380

(1)

Amount represents accruals for various operating expense such as professional fees, vendor incentives and other estimates that are expected to be paid within the next 12 months.

Other non-current liabilities consist of the following (in thousands):

	May 31,		February 28,
	2021		2021
Deferred revenue	$	17,995	$	19,893
Deferred compensation plan liability		7,570		6,992
Deferred tax liability		189		178
Other		3,340		3,424
	$	29,094	$	30,487

Supplemental Statement of Comprehensive Loss Information

Interest expense consists of the following (in thousands):

	Three Months Ended
	May 31,
	2021		2020
Interest expense on 2020 Convertible Notes:
Stated interest at 1.625% per annum	$	-	$	93
Amortization of discount and issue costs		-		289
		-		382
Interest expense on 2025 Convertible Notes:
Stated interest at 2.00% per annum		1,176		1,163
Amortization of discount and issue costs		2,517		2,311
		3,693		3,474
Other interest expense		156		221
Total interest expense	$	3,849	$	4,077

Supplemental Cash Flow Information

“Net cash provided by operating activities” includes cash payments for interest expense and income taxes as follows (in thousands):

	Three Months Ended
	May 31,
	2021		2020

Interest expense paid	$	50	$	257
Income tax paid, net of refunds	$	249	$	274