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FAIR VALUE (Tables)
12 Months Ended
Feb. 28, 2015
Fair Value  
Schedule of fair value hierarchy of financial assets and liabilities carried at fair value and measured on a recurring basis (in thousands)

 

 

 

 

 

 

 

 

 

 

Fair Values at

 

 

February 28, 2015

Description

    

(Level 2) (1)

Assets:

 

 

 

Money market accounts

 

$

1,692 

Foreign currency contracts

 

 

129 

Total assets

 

$

1,821 

 

 

 

 

Liabilities:

 

 

 

Long-term debt - fixed rate (2)

 

$

62,006 

Long-term debt - floating rate

 

 

35,707 

Foreign currency contracts

 

 

240 

Total liabilities

 

$

97,953 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Values at

 

 

February 28, 2014

Description

    

(Level 2) (1)

Assets:

    

 

 

Money market accounts

 

$

1,549 

Total assets

 

$

1,549 

 

 

 

 

Liabilities:

    

 

 

Long-term debt - fixed rate (2)

 

$

83,951 

Long-term debt - floating rate

 

 

112,607 

Interest rate swaps and foreign currency contracts

 

 

1,596 

Total liabilities

 

$

198,154 

(1)

Our financial assets and liabilities are classified as Level 2 assets because their valuation is dependent on observable inputs and other quoted prices for similar assets or liabilities, or model-derived valuations whose significant value drivers are observable.

 

(2)

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

Schedule of reconciliation of other non-financial assets measured on a non-recurring basis using significant unobservable inputs (Level 3) (in thousands)

 

 

 

 

 

 

 

 

 

Fiscal Years Ended

 

 

the Last Day of February,

 

    

2015

    

2014

Beginning balances

 

$

775,550 

 

$

808,869 

  Total gains/income (losses/expense):

 

 

 

 

 

 

     Included in net income - realized

 

 

(34,152)

 

 

(33,403)

  Acquired during the period

 

 

205,764 

 

 

339 

  Acquisition adjustments and retirements during the period

 

 

995 

 

 

(255)

Ending balances

 

$

948,157 

 

$

775,550