XML 59 R35.htm IDEA: XBRL DOCUMENT
v3.23.1

Leases (Tables) | 12 Months Ended
--- | ---
Feb. 28, 2023
Leases [Abstract] |
Lease, Cost | The following table outlines the classification of the Company's right-of-use asset and lease liabilities in the balance sheets for fiscal 2023 and 2022 (in thousands):
| Balance Sheet Classification |  | As of February 28,
|  | 2023 |  | 2022
Assets |  |  |  |  |
Right-of-use assets | Right-of-use assets |  | $ | 26,392 |  |  | $ | 13,954 |
Liabilities |  |  |  |  |
Operating lease liabilities ― short-term | Lease liability - short-term |  | $ | 6,119 |  |  | $ | 3,131 |
Operating lease liabilities ― long-term | Lease liability - long-term |  | 19,659 |  |  | 10,798 |
Finance lease liabilities ― short-term | Lease liability - short-term |  | 284 |  |  | 158 |
Finance lease liabilities ― long-term | Lease liability - long-term |  | 1,045 |  |  | 605 |
Supplemental information related to the Company's portfolio of operating leases was as follows (in thousands, except years and percentages):
| 2023 |  | 2022
Operating cash flows from operating leases included in lease liabilities | $ | 5,832 |  |  | $ | 3,965 |
Lease liabilities obtained from new ROU assets - operating | $ | 3,986 |  |  | $ | 491 |
Weighted-average remaining lease term - operating leases | 5.04 years |  | 5.29 years
Weighted-average discount rate - operating leases | 4.31 | % |  | 4.22 | %
Operating and financing cash flows from financing leases included in lease liabilities | $ | 219 |  |  | $ | 104 |
Lease liabilities obtained from new ROU assets - financing | $ | 420 |  |  | $ | 216 |
Weighted-average remaining lease term - financing leases | 4.61 years |  | 4.87 years
Weighted-average discount rate - financing leases | 5.15 | % |  | 2.90 | %
The following table outlines the classification of lease expense related to operating leases from continuing operations in the statements of income for fiscal 2023, 2022, and 2021 (in thousands):
| Year Ended February 28,
| 2023 |  | 2022 |  | 2021
Cost of sales | $ | 12,409 |  |  | $ | 6,837 |  |  | $ | 7,254 |
Selling, general and administrative | 1,858 |  |  | 1,264 |  |  | 1,619 |
Total lease cost | $ | 14,267 |  |  | $ | 8,101 |  |  | $ | 8,873 |
Lessee, Operating Lease, Liability, Maturity | As of February 28, 2023, maturities of the Company's lease liabilities, excluding lease liabilities associated with our discontinued operations, were as follows (in thousands):
Fiscal year: | Operating Leases |  | Finance Leases |  | Total
2024 | $ | 7,079 |  |  | $ | 344 |  |  | $ | 7,423 |
2025 | 6,267 |  |  | 344 |  |  | 6,611 |
2026 | 5,392 |  |  | 300 |  |  | 5,692 |
2027 | 4,242 |  |  | 268 |  |  | 4,510 |
2028 | 2,201 |  |  | 195 |  |  | 2,396 |
Thereafter | 3,438 |  |  | 43 |  |  | 3,481 |
Total lease payments | $ | 28,619 |  |  | $ | 1,494 |  |  | $ | 30,113 |
Less imputed interest | (2,841) |  |  | (165) |  |  | (3,006) |
Total | $ | 25,778 |  |  | $ | 1,329 |  |  | $ | 27,107 |
Finance Lease, Liability, Maturity | As of February 28, 2023, maturities of the Company's lease liabilities, excluding lease liabilities associated with our discontinued operations, were as follows (in thousands):
Fiscal year: | Operating Leases |  | Finance Leases |  | Total
2024 | $ | 7,079 |  |  | $ | 344 |  |  | $ | 7,423 |
2025 | 6,267 |  |  | 344 |  |  | 6,611 |
2026 | 5,392 |  |  | 300 |  |  | 5,692 |
2027 | 4,242 |  |  | 268 |  |  | 4,510 |
2028 | 2,201 |  |  | 195 |  |  | 2,396 |
Thereafter | 3,438 |  |  | 43 |  |  | 3,481 |
Total lease payments | $ | 28,619 |  |  | $ | 1,494 |  |  | $ | 30,113 |
Less imputed interest | (2,841) |  |  | (165) |  |  | (3,006) |
Total | $ | 25,778 |  |  | $ | 1,329 |  |  | $ | 27,107 |

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration