Lease Obligations (Tables)

6 Months Ended

Aug. 31, 2020

The components of lease cost for the three and six months ended August 31, 2020 and 2019 were as follows:

	Three months ended August 31,				Six months ended August 31,
	2020		2019		2020		2019
Operating lease cost (a) (c)	$	265	$	233	$	508	$	459
Finance lease cost:
Amortization of right of use assets (a)		161		117		326		349
Interest on lease liabilities (b)		8		12		17		24
Total finance lease cost	$	169	$	129	$	343	$	373

(a)

Recorded within Selling, General and administrative, Engineering and technical support, and Cost of sales on the Consolidated Statement of Operations and Comprehensive (Loss) Income.

(b)

Recorded within Interest and bank charges on the Consolidated Statement of Operations and Comprehensive Income (Loss).

(c)

Includes immaterial amounts related to variable rent expense.

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

	August 31, 2020			February 29, 2020
Operating Leases
Operating lease, right of use assets	$	4,990		$	3,143
Total operating lease right of use assets	$	4,990		$	3,143
Accrued expenses and other current liabilities	$	1,126		$	784
Operating lease liabilities, less current portion		3,996			2,391
Total operating lease liabilities	$	5,122		$	3,175
Finance Leases
Property, plant, and equipment, gross	$	2,503		$	2,503
Accumulated depreciation		(1,535	)		(1,209	)
Total finance lease right of use assets	$	968		$	1,294
Accrued expenses and other current liabilities	$	508		$	613
Finance lease liabilities, less current portion		490			720
Total finance lease liabilities	$	998		$	1,333
Weighted Average Remaining Lease Term
Operating leases	6.2 years			4.4 years
Finance leases	2.2 years			3.9 years
Weighted Average Discount Rate
Operating leases		4.59	%		5.98	%
Finance leases		3.87	%		3.87	%

Schedule of Maturities of Leases Liabilities

At August 31, 2020, maturities of lease liabilities for each of the succeeding years were as follows:

	Operating Leases		Finance Leases
2021	$	1,291		525
2022		1,175		342
2023		853		157
2024		650		—
2025		463		—
Thereafter		1,353		—
Total lease payments		5,785		1,024
Less imputed interest		663		26
Total	$	5,122		998