OTHER FINANCIAL INFORMATION

3 Months Ended

May 31, 2022

NOTE 13 – OTHER FINANCIAL INFORMATION

Supplemental Balance Sheet Information

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

	May 31,		February 28,
	2022		2022
Operating lease liabilities	$	5,090	$	5,086
Warranty reserves		1,868		1,823
Customer deposits		1,837		2,586
Omega litigation reserve		4,900		3,000
Other (1)		7,357		6,456
	$	21,052	$	18,951

(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,
	2022		2022
Deferred revenue	$	12,679	$	13,496
Deferred compensation plan liability		6,563		6,800
Deferred tax liability		224		216
Other		2,160		2,128
	$	21,626	$	22,640

Supplemental Statement of Comprehensive Loss Information

Interest expense consists of the following (in thousands):

	Three Months Ended
	May 31,
	2022		2021
Interest expense on 2025 Convertible Notes:
Stated interest at 2.000% per annum	$	1,176		1,176
Amortization of discount and issue costs (1)		267		2,517
		1,443		3,693
Other interest expense		90		156
Total interest expense	$	1,533	$	3,849

(1)	We adopted ASU 2020-06 during the first quarter of fiscal 2023 using the modified retrospective method. Accordingly, prior year reported amounts were not revised.

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,
	2022		2021

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