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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Feb. 28, 2014
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 17 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

 

The changes in accumulated other comprehensive loss by component and related tax effects for fiscal years 2014 and

2013 were as follows:

 

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT

 

(in thousands)

 

 

 

Unrealized Holding Gains (Losses)

 

 

 

 

 

On Cash Flow Hedges

 

 

 

 

 

 

 

Foreign

 

 

 

 

 

Interest Rate

 

Currency

 

 

 

 

 

Swaps (1)

 

Contracts (2)

 

Total

 

 

 

 

 

 

 

 

 

Balance at February 29, 2012

 

$

(5,559

)

$

(30

)

$

(5,589

)

 

 

 

 

 

 

 

 

Other comprehensive income before reclassification

 

(103

)

(132

)

(235

)

Amounts reclassified out of accumulated other comprehensive income

 

3,833

 

673

 

4,506

 

Tax effects

 

(1,306

)

(105

)

(1,411

)

Other Comprehensive Income (Loss)

 

2,424

 

436

 

2,860

 

 

 

 

 

 

 

 

 

Balance at February 28, 2013

 

(3,135

)

406

 

(2,729

)

 

 

 

 

 

 

 

 

Other comprehensive income before reclassification

 

(111

)

(962

)

(1,073

)

Amounts reclassified out of accumulated other comprehensive income

 

3,707

 

98

 

3,805

 

Tax effects

 

(1,258

)

164

 

(1,094

)

Other Comprehensive Income (Loss)

 

2,338

 

(700

)

1,638

 

 

 

 

 

 

 

 

 

Balance at February 28, 2014

 

$

(797

)

$

(294

)

$

(1,091

)

 

(1)  Includes net deferred tax benefits of $0.43 and $1.69 million at the end of fiscal years 2014 and 2013, respectively.

 

(2)  Includes net deferred tax benefits (expense) of $0.08 and ($0.09) million at the end of fiscal years 2014 and 2013,

respectively.

 

See Notes (1), (11) and (12) to these consolidated financial statements for additional information regarding our hedging activities.

 

The amounts reclassified out of accumulated other comprehensive income into the consolidated statements of income, with presentation location for each of the fiscal years covered by our consolidated statements of income, are as follows:

 

PRE-TAX EFFECT OF RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME

(in thousands)

 

 

Fiscal Years Ended the Last Day of February,

 

 

 

Comprehensive Income Components

 

2014

 

2013

 

2012

 

Income Statement Location

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains (losses) on derivatives

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

  $

3,707

 

$

3,833

 

$

4,424

 

Interest expense

 

Foreign currency contracts

 

98

 

673

 

307

 

Selling, general and administrative expense

 

Total amounts reclassified

 

  $

3,805

 

$

4,506

 

$

4,731