Leases (Tables)

6 Months Ended

Aug. 31, 2025

Leases [Abstract]

Lease, Cost

		As of
		August 31, 2025		February 28, 2025
Assets	Balance Sheet Classification
Operating right-of-use assets	Right-of-use assets	$	17,941	$	19,471
Finance right-of-use assets	Right-of-use assets	11,632		6,480
Liabilities
Operating lease liabilities―short-term	Lease liability—short-term	6,425		6,373
Operating lease liabilities―long-term	Lease liability—long-term	12,107		13,741
Finance lease liabilities―short-term	Lease liability—short-term	2,578		1,376
Finance lease liabilities―long-term	Lease liability—long-term	9,336		5,271

Supplemental information related to our leases was as follows (in thousands, except years and percentages):

	Three Months Ended August 31,				Six Months Ended August 31,
	2025		2024		2025		2024
Operating cash flows from operating leases included in lease liabilities	$	1,852	$	1,794	$	3,733	$	3,561
Lease liabilities obtained from new ROU assets—operating leases	1,954		410		1,970		628
Decrease in ROU assets related to lease terminations	(146)		—		(613)		—
Operating cash flows from finance leases included in lease liabilities	199		83		340		151
Financing cash flows from finance leases included in lease liabilities	604		236		1,038		432
Lease liabilities obtained from new ROU assets—finance leases	2,497		1,009		6,624		1,419

	As of
	August 31, 2025		February 28, 2025
Weighted-average remaining lease term—operating leases	3.62 years		3.79 years
Weighted-average discount rate—operating leases	5.18	%	5.06	%
Weighted-average remaining lease term—finance leases	4.31 years		4.57 years
Weighted-average discount rate—finance leases	6.79	%	6.86	%

The following table outlines the classification of lease expense related to operating and finance leases in the statements of operations (in thousands):

	Three Months Ended August 31,				Six Months Ended August 31,
	2025		2024		2025		2024
Operating lease expense:
Cost of sales	$	1,495	$	1,488	$	3,325	$	2,920
Selling, general and administrative	575		487		1,085		967
Total operating lease expense	2,070		1,975		4,410		3,887
Financing lease expense:
Cost of sales	684		269		1,171		492
Interest expense	199		83		340		151
Total financing lease expense	883		352		1,511		643
Variable lease expense:
Cost of sales	215		133		464		246
Total variable lease expense	215		133		464		246
Short-term lease expense:
Cost of sales	1,869		1,405		3,671		2,863
Selling, general and administrative	—		1		4		10
Total short-term lease expense	1,869		1,406		3,675		2,873
Total lease expense	$	5,037	$	3,866	$	10,060	$	7,649

Sublease income for the three and six months ended August 31, 2025 and 2024 was as follows (in thousands):

	Three Months Ended August 31,				Six Months Ended August 31,
	2025		2024		2025		2024
Sublease income	$	266	$	254	$	531	$	509

Lessee, Operating Lease, Liability, Maturity

As of August 31, 2025, maturities of our lease liabilities were as follows (in thousands):

Fiscal year:	Operating Leases		Finance Leases		Total
2026	$	3,707	$	1,646	$	5,353
2027	6,220		3,270		9,490
2028	4,230		3,173		7,403
2029	3,522		2,964		6,486
2030	1,507		2,298		3,805
2031	689		337		1,026
Thereafter	431		3		434
Total lease payments	20,306		13,691		33,997
Less imputed interest	(1,774)		(1,777)		(3,551)
Total	$	18,532	$	11,914	$	30,446

Finance Lease, Liability, Maturity

As of August 31, 2025, maturities of our lease liabilities were as follows (in thousands):

Fiscal year:	Operating Leases		Finance Leases		Total
2026	$	3,707	$	1,646	$	5,353
2027	6,220		3,270		9,490
2028	4,230		3,173		7,403
2029	3,522		2,964		6,486
2030	1,507		2,298		3,805
2031	689		337		1,026
Thereafter	431		3		434
Total lease payments	20,306		13,691		33,997
Less imputed interest	(1,774)		(1,777)		(3,551)
Total	$	18,532	$	11,914	$	30,446