Leases (Tables)

12 Months Ended

Feb. 28, 2021

The following table outlines the classification of lease expense in the statements of income for fiscal 2021, 2020, and 2019 (in thousands):


	2021		2020		2019
Cost of sales	$	10,533	$	13,521	$	11,630
Selling, general and administrative	4,485		4,923		4,002
Total lease expense	$	15,018	$	18,444	$	15,632

Supplemental information related to the Company's portfolio of leases was as follows (in thousands, except years and percentages):


	2021			2020
Operating cash flows from operating leases included in lease liabilities	$	8,143		$	8,918
Lease liabilities obtained from new ROU assets - operating	$	2,186		$	7,867
Weighted-average remaining lease term - operating leases	6.92 years			7.94 years
Weighted-average discount rate - operating leases	4.71		%	4.89		%
Operating and financing cash flows from financing leases included in lease liabilities	$	25		$	—
Lease liabilities obtained from new ROU assets - financing	$	230		$	—
Weighted-average remaining lease term - financing leases	4.25 years			0.0 years
Weighted-average discount rate - financing leases	4.00		%	—		%

As of February 28, 2021, maturities of the Company's lease liabilities were as follows (in thousands):

As of February 28, 2021, maturities of the Company's lease liabilities were as follows (in thousands):