Lease Obligations (Tables)

9 Months Ended

Nov. 30, 2020

The components of lease cost for the three and nine months ended November 30, 2020 and 2019 were as follows:

	Three months ended November 30,				Nine months ended November 30,
	2020		2019		2020		2019
Operating lease cost (a) (c)	$	328	$	209	$	836	$	668
Finance lease cost:
Amortization of right of use assets (a)		139		167		465		516
Interest on lease liabilities (b)		6		12		23		36
Total finance lease cost	$	145	$	179	$	488	$	552

(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:

	November 30, 2020			February 29, 2020
Operating Leases
Operating lease, right of use assets	$	4,811		$	3,143
Total operating lease right of use assets	$	4,811		$	3,143
Accrued expenses and other current liabilities	$	1,111		$	784
Operating lease liabilities, less current portion		3,813			2,391
Total operating lease liabilities	$	4,924		$	3,175
Finance Leases
Property, plant, and equipment, gross	$	2,503		$	2,503
Accumulated depreciation		(1,674	)		(1,209	)
Total finance lease right of use assets	$	829		$	1,294
Accrued expenses and other current liabilities	$	469		$	613
Finance lease liabilities, less current portion		386			720
Total finance lease liabilities	$	855		$	1,333
Weighted Average Remaining Lease Term
Operating leases	6.1 years			4.4 years
Finance leases	2.1 years			3.9 years
Weighted Average Discount Rate
Operating leases		4.54	%		5.98	%
Finance leases		3.87	%		3.87	%

Schedule of Maturities of Leases Liabilities

Maturities of lease liabilities on November 30 of each of the succeeding years are as follows:

	Operating Leases		Finance Leases
2021	$	1,303		483
2022		1,119		274
2023		807		118
2024		632		—
2025		456		—
Thereafter		1,228		—
Total lease payments		5,545		875
Less imputed interest		621		20
Total	$	4,924		855