v3.26.1
Leases (Tables)
3 Months Ended
May 31, 2026
Leases [Abstract]  
Components of Lease Expense

Components of lease expense for the three months ended May 31, 2026 and 2025 were as follows (in thousands):

 

 

 

Three months ended

 

 

 

May 31, 2026

 

 

May 31, 2025

 

Operating lease cost

 

$

1,267

 

 

$

1,431

 

 

 

 

 

 

 

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

 

$

1,278

 

 

$

1,446

 

 

 

 

 

 

 

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

 

 

 

 

 

 

Operating leases

 

$

 

 

$

2,299

 

 

 

Weighted Average Remaining Lease Terms

 

 

 

 

Operating leases

 

2.8 Years

 

3.0 Years

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

Operating leases

 

4.25%

 

4.39%

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

Future minimum lease commitments under non-cancelable operating leases for the current and next five fiscal years is as follows (in thousands):

 

 

 

Operating

 

 

 

Lease

 

 

 

Commitments

 

2027 (remaining)

 

$

3,076

 

2028

 

 

2,648

 

2029

 

 

1,631

 

2030

 

 

718

 

2031

 

 

252

 

2032

 

 

140

 

Total future minimum lease payments

 

$

8,465

 

Less imputed interest

 

 

411

 

Present value of lease liabilities

 

$

8,054