v3.25.2
Leases (Tables)
6 Months Ended
Aug. 31, 2025
Leases [Abstract]  
Components of Lease Expense

Components of lease expense for the three and six months ended August 31, 2025 and 2024 were as follows (in thousands):

 

 

 

Three months ended

 

 

Six months ended

 

 

 

August 31, 2025

 

 

August 31, 2024

 

 

August 31, 2025

 

 

August 31, 2024

 

Operating lease cost

 

$

1,434

 

 

$

1,389

 

 

$

2,865

 

 

$

2,736

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information related to leases was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

1,446

 

 

$

1,410

 

 

$

2,892

 

 

$

2,779

 

 

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

$

1,793

 

 

$

847

 

 

$

4,092

 

 

$

1,495

 

 

 

Weighted Average Remaining Lease Terms

 

 

 

 

Operating leases

 

3.2 Years

 

2.5 Years

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

Operating leases

 

4.20%

 

4.27%

Summary of Future Minimum Lease Commitments Under Non-cancelable Operating Leases

Future minimum lease commitments under non-cancelable operating leases for each of the fiscal years ending are as follows (in thousands):

 

 

 

Operating

 

 

 

Lease

 

 

 

Commitments

 

2026 (remaining 6 months)

 

$

2,170

 

2027

 

 

4,157

 

2028

 

 

2,610

 

2029

 

 

1,631

 

2030

 

 

718

 

Thereafter

 

 

392

 

Total future minimum lease payments

 

$

11,678

 

Less imputed interest

 

 

698

 

Present value of lease liabilities

 

$

10,980