Leases (Tables)

3 Months Ended

May 31, 2026


		As of
		May 31, 2026		February 28, 2026
Assets	Balance Sheet Classification
Operating right-of-use assets	Right-of-use assets	$	46,190	$	46,261
Finance right-of-use assets	Right-of-use assets	$	14,734	$	13,303
Liabilities
Operating lease liabilities―short-term	Lease liability—short-term	$	5,771	$	5,413
Operating lease liabilities―long-term	Lease liability—long-term	$	41,185	$	41,489
Finance lease liabilities―short-term	Lease liability—short-term	$	3,731	$	3,266
Finance lease liabilities―long-term	Lease liability—long-term	$	11,526	$	10,480

Supplemental information related to our leases was as follows (in thousands, except years and percentages):


	Three Months Ended May 31,
	2026		2025
Operating cash flows from operating leases included in lease liabilities	$	2,006	$	1,881
Lease liabilities obtained from new ROU assets—operating leases	$	1,376	$	16
Decrease in ROU assets related to lease terminations	$	—	$	(467)
Operating cash flows from finance leases included in lease liabilities	$	239	$	142
Financing cash flows from finance leases included in lease liabilities	$	872	$	434
Lease liabilities obtained from new ROU assets—finance leases	$	2,392	$	4,127


	As of
	May 31, 2026		February 28, 2026
Weighted-average remaining lease term—operating leases	14.46 years		14.71 years
Weighted-average discount rate—operating leases	6.11	%	6.10	%
Weighted-average remaining lease term—finance leases	3.93 years		4.01 years
Weighted-average discount rate—finance leases	6.47	%	6.59	%

The following table outlines our lease expense in the consolidated statements of operations as of May 31, 2026 and May 31, 2025 (in thousands):


	Three Months Ended May 31,
	2026		2025
Operating lease expense:
Cost of sales	$	1,886	$	1,829
Selling, general and administrative	500		508
Total operating lease expense	2,386		2,337
Financing lease expense:
Cost of sales	952		487
Interest expense	239		142
Total financing lease expense	1,191		629
Variable lease expense:
Cost of sales	258		249

Total variable lease expense	258		249
Short-term lease expense:
Cost of sales	1,906		1,802
Selling, general and administrative	35		5
Total short-term lease expense	1,941		1,807
Total lease expense	$	5,776	$	5,022

Sublease income for the three months ended May 31, 2026 and 2025 was as follows (in thousands):

As of May 31, 2026, maturities of our lease liabilities were as follows (in thousands):

As of May 31, 2026, maturities of our lease liabilities were as follows (in thousands):