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Fair Value (Tables)
3 Months Ended
May 31, 2013
Fair Value  
Schedule of fair value hierarchy of financial assets and liabilities carried at fair value and measured on a recurring basis

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

Significant Other

 

 

 

 

Active Markets

 

Observable

 

 

Fair Values at

 

for Identical Assets

 

Market Inputs

Description

 

May 31, 2013

 

(Level 1)

 

(Level 2)

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

Money market accounts

 

$

 1,390

 

$

 1,390

 

$

 -

Foreign currency contracts

 

315

 

-

 

315

Total assets

 

$

 1,705

 

$

 1,390

 

$

 315

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Long-term debt - fixed rate (1)

 

$

 105,177

 

$

 -

 

$

 105,177

Long-term debt - floating rate

 

86,835

 

-

 

86,835

Interest rate swaps

 

3,913

 

-

 

3,913

Total liabilities

 

$

 195,925

 

$

 -

 

$

 195,925

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

Significant Other

 

 

 

 

Active Markets

 

Observable

 

 

Fair Values at

 

for Identical Assets

 

Market Inputs

Description

 

February 28, 2013

 

(Level 1)

 

(Level 2)

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

Money market accounts

 

$

 1,091

 

$

 1,091

 

$

-

Foreign currency contracts

 

496

 

-

 

496

Total assets

 

$

 1,587

 

$

 1,091

 

$

 496

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Long-term debt - fixed rate (1)

 

$

 105,725

 

$

 -

 

$

 105,725

Long-term debt - floating rate

 

75,000

 

-

 

75,000

Interest rate swaps

 

4,824

 

-

 

4,824

Total liabilities

 

$

 185,549

 

$

 -

 

$

 185,549

 

(1)      Debt values are reported at estimated fair value in these tables, but are recorded in the accompanying consolidated condensed balance sheets at the undiscounted value of remaining principal payments due.