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Debt | 9 Months Ended
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Nov. 30, 2020
Debt Disclosure [Abstract] |
Debt | Debt The Company's debt consisted of the following for each of the periods presented (dollars in thousands):
| November 30, 2020 |  | February 29, 2020
2017 Revolving Credit Facility | $ | 57,000 |  |  | $ | 78,000 |
2011 Senior Notes | 125,000 |  |  | 125,000 |
Total debt, gross | 182,000 |  |  | 203,000 |
Unamortized debt issuance costs | (22) |  |  | (122) |
Total debt, net | 181,978 |  |  | 202,878 |
Less amount due within one year | — |  |  | (125,000) |
Debt due after one year, net | $ | 181,978 |  |  | $ | 77,878 |
On October 9, 2020, the Company completed a private placement transaction and entered into a Note Purchase Agreement, whereby the Company agreed to borrow $150.0 million of senior unsecured notes (the “Notes”), consisting of two separate tranches: •7-year borrowing: $70.0 million priced at 2.77% coupon, and •12-year borrowing: $80.0 million priced at 3.17% coupon. The proceeds of the $80.0 million tranche was funded on December 17, 2020. The $70.0 million tranche will be funded in January 2021. The Company expects to use the proceeds to repay the existing $125.0 million 5.42% Senior Notes maturing on January 20, 2021, as well as being available for general corporate purposes. Interest on the outstanding Notes will be paid semi-annually. See Note 12. The Company's debt agreements require the Company to maintain certain financial ratios. As of November 30, 2020, the Company was in compliance with all covenants or other requirements set forth in the debt agreements.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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