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Fair Value (Tables)
9 Months Ended
Nov. 30, 2015
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

 

 

November 30, 2015

 

    

(Level 2) (1)

Assets:

 

 

 

Money market accounts

 

$

356

Foreign currency contracts

 

 

2,369

Total assets

 

$

2,725

 

 

 

 

Liabilities:

 

 

 

Fixed rate debt (2)

 

$

61,179

Floating rate debt

 

 

414,707

Foreign currency contracts

 

 

7

Total liabilities

 

$

475,893

 

 

 

 

 

 

 

 

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 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 condensed balance sheets at the undiscounted value of the remaining principal payments due.