Leases (Tables)

6 Months Ended

Aug. 31, 2021

Leases [Abstract]

Lease, Cost

Supplemental information related to the Company's portfolio of operating leases was as follows (in thousands):

	Three Months Ended August 31,				Six Months Ended August 31,
	2021		2020		2021		2020
Operating cash flows from operating leases included in lease liabilities	$	2,257	$	2,216	$	4,534	$	4,335
Lease liabilities obtained from new ROU assets - operating	473		1,324		13,120		1,528
Operating and financing cash flows from financing leases included in lease liabilities	20		—		38		—
Lease liabilities obtained from new ROU assets - financing	14		—		14		—

	August 31, 2021		February 28, 2021
Weighted-average remaining lease term - operating leases (years)	8.19		6.92
Weighted-average discount rate - operating leases	4.54	%	4.71	%
Weighted-average remaining lease term - financing leases (years)	3.75		4.25
Weighted-average discount rate - financing leases	3.92	%	4.0	%

The following table outlines the classification of lease expense in the statements of income (in thousands):

	Three Months Ended August 31,				Six Months Ended August 31,
	2021		2020		2021		2020
Cost of sales	$	2,852	$	2,563	$	5,397	$	5,784
Selling, general and administrative	987		1,135		2,121		2,384
Total lease expense	$	3,839	$	3,698	$	7,518	$	8,168

Lessee, Operating Lease, Liability, Maturity

As of August 31, 2021, maturities of the Company's lease liabilities were as follows (in thousands):

Fiscal year:	Operating Leases		Finance Leases		Total
2022 (remaining 6 months)	$	4,569	$	40	$	4,609
2023	8,762		80		8,842
2024	7,867		80		7,947
2025	6,771		77		6,848
2026	5,345		16		5,361
Thereafter	21,773		—		21,773
Total lease payments	55,087		293		55,380
Less imputed interest	(9,215)		(20)		(9,235)
Total	$	45,872	$	273	$	46,145