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FAIR VALUE (Tables)
12 Months Ended
Feb. 29, 2016
Fair Value  
Schedule of fair value hierarchy of financial assets and liabilities carried at fair value and measured on a recurring basis

FAIR VALUES OF FINANCIAL ASSETS AND LIABILITIES

(in thousands)

 

 

 

 

 

 

 

Fair Values at

 

 

February 29, 2016

 

 

(Level 2) (1)

Assets:

 

 

 

Money market accounts

 

$

211,964

Foreign currency contracts

 

 

1,372

Total assets

 

$

213,336

 

 

 

 

Liabilities:

 

 

 

Fixed rate debt (2)

 

$

40,785

Floating rate debt

 

 

583,907

Foreign currency contracts

 

 

502

Total liabilities

 

$

625,194

 

 

 

 

 

 

 

Fair Values at

 

 

February 28, 2015

 

 

(Level 2) (1)

Assets:

   

 

 

Money market accounts

 

$

1,692

Foreign currency contracts

 

 

129

Total assets

 

$

1,821

 

 

 

 

Liabilities:

   

 

 

Fixed rate debt (2)

 

$

62,006

Floating rate debt

 

 

373,207

Foreign currency contracts

 

 

240

Total liabilities

 

$

435,453

(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)

OTHER NON-FINANCIAL ASSETS

FAIR VALUE MEASUREMENTS USING SIGNIFICANT UNOBSERVABLE INPUTS (Level 3)

(in thousands)

 

 

 

 

 

 

 

 

 

Fiscal Years Ended

 

 

the Last Day of February,

 

 

2016

 

2015

Beginning balances

 

$

948,157

 

$

775,550

  Total income (expense):

 

 

 

 

 

 

 Included in net income - realized

 

 

(31,547)

 

 

(34,152)

 Acquired during the period

 

 

44,052

 

 

205,764

 Acquisition adjustments and retirements during the period

 

 

(1,906)

 

 

995

Ending balances

 

$

958,756

 

$

948,157