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Fair Value (Tables)
3 Months Ended
May 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of fair value hierarchy of financial assets and liabilities presented at fair value and measured on a recurring basis
The following tables present the fair value of our financial assets and liabilities measured on a recurring basis as of the end of the periods shown:
 
Fair Values at
 
May 31, 2019
(in thousands)
(Level 2) (1)
Assets:
 

Money market accounts
$
1,069

Interest rate swaps

Foreign currency contracts
2,644

Total assets
$
3,713

 
 

Liabilities:
 

Floating rate debt
$
321,139

Interest rate swaps
5,027

Foreign currency contracts
17

Total liabilities
$
326,183

 
Fair Values at
 
February 28, 2019
(in thousands)
(Level 2) (1)
Assets:
 

Money market accounts
$
915

Interest rate swaps
512

Foreign currency contracts
1,692

Total assets
$
3,119

 
 

Liabilities:
 

Floating rate debt
$
320,784

Interest rate swaps
339

Foreign currency contracts
563

Total liabilities
$
321,686


(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.