Leases (Tables)

9 Months Ended

Nov. 30, 2021

Leases [Abstract]

Lease, Cost

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

	Three Months Ended November 30,				Nine Months Ended November 30,
	2021		2020		2021		2020
Operating cash flows from operating leases included in lease liabilities	$	2,338	$	2,069	$	6,780	$	6,313
Lease liabilities obtained from new ROU assets - operating	376		—		13,646		1,529
Operating and financing cash flows from financing leases included in lease liabilities	37		—		74		—
Lease liabilities obtained from new ROU assets - financing	348		—		362		—

	November 30, 2021		February 28, 2021
Weighted-average remaining lease term - operating leases (years)	7.88		6.92
Weighted-average discount rate - operating leases	4.46	%	4.71	%
Weighted-average remaining lease term - financing leases (years)	4.54		4.25
Weighted-average discount rate - financing leases	4.46	%	4.00	%

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

	Three Months Ended November 30,				Nine Months Ended November 30,
	2021		2020		2021		2020
Cost of sales	$	2,808	$	2,438	$	8,205	$	8,222
Selling, general and administrative	910		1,107		3,031		3,491
Total lease expense	$	3,718	$	3,545	$	11,236	$	11,713

Lessee, Operating Lease, Liability, Maturity

As of November 30, 2021, maturities of the Company's lease liabilities were as follows (in thousands):

Fiscal year:	Operating Leases		Finance Leases		Total
2022 (remaining 3 months)	$	2,301	$	37	$	2,338
2023	8,856		147		9,003
2024	7,973		147		8,120
2025	6,901		145		7,046
2026	5,358		76		5,434
Thereafter	21,391		72		21,463
Total lease payments	52,780		624		53,404
Less imputed interest	(8,691)		(41)		(8,732)
Total	$	44,089	$	583	$	44,672