ENNIS, INC. - 10-Q filing on 2022-01-05

Leases (Tables)

9 Months Ended

Nov. 30, 2021

Components of lease expense for the three and nine months ended November 30, 2021 and November 30, 2020 were as follows (in thousands):


	Three months ended		Nine months ended
	November 30, 2021	November 30, 2020	November 30, 2021	November 30, 2020
Operating lease cost	$1,454	$1,572	$4,688	$4,773

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	$1,459	$1,568	$4,675	$4,743

Right-of-use assets obtained in exchange for lease obligations
Operating leases	$—	$138	$3,441	$194


Weighted Average Remaining Lease Terms
Operating leases	3 Years

Weighted Average Discount Rate
Operating leases		3.64	%

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


	Operating
	Lease
	Commitments
2022 (remaining 3 months)	$	1,106
2023		5,813
2024		4,420
2025		3,651
2026		2,160
2027		890
Thereafter		3
Total future minimum lease payments	$	18,043
Less imputed interest		1,117
Present value of lease liabilities	$	16,926