Fair Value (Tables)

6 Months Ended

Aug. 31, 2017

Schedule of fair value hierarchy of financial assets and liabilities presented at fair value and measured on a recurring basis

FAIR VALUES OF FINANCIAL ASSETS AND LIABILITIES


	Fair Values at
	August 31, 2017
(in thousands)	(Level 2) (1)
Assets:
Money market accounts	$	2,182
Foreign currency contracts		19
Total assets	$	2,201

Liabilities:
Fixed rate debt (2)	$	20,099
Floating rate debt		424,361
Foreign currency contracts		3,746
Total liabilities	$	448,206


	Fair Values at
	February 28, 2017
(in thousands)	(Level 2) (1)
Assets:
Money market accounts	$	2,711
Foreign currency contracts		2,167
Total assets	$	4,878

Liabilities:
Fixed rate debt (2)	$	20,105
Floating rate debt		465,852
Foreign currency contracts		47
Total liabilities	$	486,004

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