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Financial Instruments and Risk Management (Tables)

6 Months Ended

Aug. 31, 2013

Financial Instruments and Risk Management

Schedule of fair values of derivative instruments

FAIR VALUES OF DERIVATIVE INSTRUMENTS

(in thousands)
August 31, 2013
									Prepaid			Accrued
									Expenses			Expenses
				Final					and Other			and Other			Other
				Settlement		Notional			Current			Current			Liabilities,
Designated as hedging instruments		Hedge Type		Date		Amount			Assets			Liabilities			Noncurrent
Foreign currency contracts - sell Euro		Cash flow		2/2014		€	5,750		$	60		$	-		$	-
Foreign currency contracts - sell Pounds		Cash flow		2/2014		£	4,000		80			-			-
Interest rate swap		Cash flow		6/2014		$	75,000		-			3,012			-
Total fair value									$	140		$	3,012		$	-
February 28, 2013
									Prepaid			Accrued
									Expenses			Expenses
				Final					and Other			and Other			Other
				Settlement		Notional			Current			Current			Liabilities,
Designated as hedging instruments		Hedge Type		Date		Amount			Assets			Liabilities			Noncurrent
Foreign currency contracts - sell Euro		Cash flow		10/2013		€	7,050		$	239		$	-		$	-
Foreign currency contracts - sell Pounds		Cash flow		11/2013		£	3,000		257			-			-
Interest rate swap		Cash flow		6/2014		$	75,000		-			3,044			1,780
Total fair value									$	496		$	3,044		$	1,780

Schedule of pre-tax effect of derivative instruments

PRE-TAX EFFECT OF DERIVATIVE INSTRUMENTS
(in thousands)
		Three Months Ended August 31,
		Gain \ (Loss)						Gain \ (Loss) Reclassified
		Recognized in OCI						from Accumulated Other								Gain \ (Loss) Recognized
		(effective portion)						Comprehensive Loss into Income								as Income (1)
		2013			2012			Location		2013			2012			Location		2013			2012
Currency contracts - cash flow hedges		$	(68	)	$	(933)		SG&A		$	108		$	11		SG&A		$	-		$	14
Interest rate swaps - cash flow hedges		(24		)	(457)			Interest expense		(925		)	(980)					-			-
Total		$	(92	)	$	(1,390)				$	(817	)	$	(969)				$	-		$	14
		Six Months Ended August 31,
		Gain \ (Loss)						Gain \ (Loss) Reclassified
		Recognized in OCI						from Accumulated Other								Gain \ (Loss) Recognized
		(effective portion)						Comprehensive Loss into Income								as Income (1)
		2013			2012			Location		2013			2012			Location		2013			2012
Currency contracts - cash flow hedges		$	(32	)	$	(23)		SG&A		$	324		$	37		SG&A		$	-		$	49
Interest rate swaps - cash flow hedges		(27		)	(501)			Interest expense		(1,839		)	(1,906)					-			-
Total		$	(59	)	$	(524)				$	(1,515	)	$	(1,869)				$	-		$	49

(1)  The amount shown represents the ineffective portion of the change in fair value of a cash flow hedge.

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Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 205G

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44C

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-SubTopic 10

-Section 50

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 205G

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4B

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44C

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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