Leases (Tables)
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12 Months Ended |
Feb. 29, 2024 |
Leases [Abstract] |
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Lease, Cost [Table Text Block] |
| | | | | | | | | | | | | | | | | | | Years Ended February 29 or 28 | (In thousands) | 2024 | | 2023 | | 2022 | Operating lease cost (1) | $ | 89,801 | | | $ | 90,925 | | | $ | 75,629 | | Finance lease cost: | | | | | | Depreciation of lease assets | 20,010 | | | 16,039 | | | 13,230 | | Interest on lease liabilities | 25,724 | | | 21,969 | | | 17,015 | | Total finance lease cost | 45,734 | | | 38,008 | | | 30,245 | | Total lease cost | $ | 135,535 | | | $ | 128,933 | | | $ | 105,874 | |
(1) Includes short-term leases and variable lease costs, which are immaterial.
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Supplemental Balance Sheet Disclosures [Text Block] |
| | | | | | | | | | | | | | | | | As of February 29 or 28 | (In thousands) | Classification | 2024 | | 2023 | Assets: | | | | | Operating lease assets | Operating lease assets | $ | 520,717 | | | $ | 545,677 | | Finance lease assets | Property and equipment, net (1) | 174,998 | | | 145,372 | | Total lease assets | | $ | 695,715 | | | $ | 691,049 | | Liabilities: | | | | | Current: | | | | | Operating leases | Current portion of operating lease liabilities | $ | 57,161 | | | $ | 53,287 | | Finance leases | Accrued expenses and other current liabilities | 20,877 | | | 18,788 | | Long-term: | | | | | Operating leases | Operating lease liabilities, excluding current portion | 496,210 | | | 523,828 | | Finance leases | Other liabilities | 198,759 | | | 165,135 | | Total lease liabilities | | $ | 773,007 | | | $ | 761,038 | |
(1) Finance lease assets are recorded net of accumulated depreciation of $55.5 million as of February 29, 2024 and $46.7 million as of February 28, 2023.
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Other Lease Disclosures [Table Text Block] |
| | | | | | | | | | | | | As of February 29 or 28 | Lease Term and Discount Rate | 2024 | | 2023 | Weighted Average Remaining Lease Term (in years) | | | | Operating leases | 16.07 | | 16.35 | Finance leases | 11.43 | | 10.84 | | | | | Weighted Average Discount Rate | | | | Operating leases | 5.05 | % | | 4.91 | % | Finance leases | 17.16 | % | | 19.34 | % |
| | | | | | | | | | | | | | | | | | | Years Ended February 29 or 28 | (In thousands) | 2024 | | 2023 | | 2022 | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | Operating cash flows from operating leases | $ | 88,704 | | | $ | 89,321 | | | $ | 72,371 | | Operating cash flows from finance leases | $ | 24,782 | | | $ | 19,371 | | | $ | 11,194 | | Financing cash flows from finance leases | $ | 16,674 | | | $ | 12,200 | | | $ | 11,923 | | | | | | | | Lease assets obtained in exchange for lease obligations: | | | | | | Operating leases | $ | 30,746 | | | $ | 58,121 | | | $ | 50,911 | | Finance leases | $ | 51,660 | | | $ | 37,931 | | | $ | 32,052 | |
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Schedule Of Future Minimum Lease Obligations |
| | | | | | | | | | | | | As of February 29, 2024 | (In thousands) | Operating Leases (1) | | Finance Leases (1) | Fiscal 2025 | $ | 83,110 | | | $ | 45,669 | | Fiscal 2026 | 77,748 | | | 47,724 | | Fiscal 2027 | 71,393 | | | 43,914 | | Fiscal 2028 | 67,246 | | | 37,051 | | Fiscal 2029 | 45,400 | | | 29,808 | | Thereafter | 517,307 | | | 229,689 | | Total lease payments | 862,204 | | | 433,855 | | Less: interest | (308,833) | | | (214,219) | | Present value of lease liabilities | $ | 553,371 | | | $ | 219,636 | |
(1) Lease payments exclude $5.1 million of legally binding minimum lease payments for leases signed but not yet commenced.
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