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Other Commitments and Contingencies (Tables) | 12 Months Ended
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Feb. 29, 2020
Commitments and Contingencies Disclosure [Abstract] |
Summary of contractual obligations and commercial commitments | Contractual Obligations and Commercial Commitments – Our contractual obligations and commercial commitments at the end of fiscal 2020 were:
| Fiscal Years Ended the Last Day of February,
|  | 2021 | 2022 | 2023 | 2024 | 2025 | After
(in thousands) | Total | 1 year | 2 years | 3 years | 4 years | 5 years | 5 years
Floating rate debt | $ | 340,507 |  | $ | 1,900 |  | $ | 321,900 |  | $ | 1,900 |  | $ | 14,807 |  | $ | — |  | $ | — |
Interest on floating rate debt (1) | 16,653 |  | 9,142 |  | 7,124 |  | 386 |  | 1 |  | — |  | — |
Long-term incentive plan payouts | 9,018 |  | 5,614 |  | 3,404 |  | — |  | — |  | — |  | — |
Open purchase orders | 239,841 |  | 239,841 |  | — |  | — |  | — |  | — |  | — |
Operating Leases | 62,876 |  | 6,082 |  | 5,959 |  | 5,601 |  | 5,102 |  | 5,762 |  | 34,370 |
Minimum royalty payments | 55,154 |  | 12,823 |  | 12,674 |  | 13,090 |  | 12,381 |  | 4,186 |  | — |
Advertising and promotional | 34,228 |  | 18,359 |  | 9,131 |  | 6,738 |  | — |  | — |  | — |
Capital spending commitments | 2,716 |  | 1,986 |  | 596 |  | 134 |  | — |  | — |  | — |
Total contractual obligations | $ | 760,993 |  | $ | 295,747 |  | $ | 360,788 |  | $ | 27,849 |  | $ | 32,291 |  | $ | 9,948 |  | $ | 34,370 |
(1) We estimate our future obligations for interest on our floating rate debt by assuming the weighted average interest rates in effect on each floating rate debt obligation at February 29, 2020 remain constant into the future. This is an estimate, as actual rates will vary over time. In addition, we assume the revolving credit debt balance outstanding as of February 29, 2020 remains the same for the remaining term of our revolving credit agreement. The actual balance outstanding may fluctuate significantly in future periods, depending on the availability of cash flow from operations and future investing and financing considerations.

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- Definition Tabular disclosure of the aggregate amount of payments due on known contractual obligations for the five years following the date of the latest balance sheet and the combined aggregate amount of maturities of known contractual obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph a -Subparagraph 5 + Details
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