Other Commitments and Contingencies (Tables)

12 Months Ended

Feb. 29, 2020

Commitments and Contingencies Disclosure [Abstract]

Summary of contractual obligations and commercial commitments

Contractual Obligations and Commercial Commitments – Our contractual obligations and commercial commitments at the end of fiscal 2020 were:



	Fiscal Years Ended the Last Day of February,
			2021		2022		2023		2024		2025		After
(in thousands)	Total		1 year		2 years		3 years		4 years		5 years		5 years
Floating rate debt	$	340,507	$	1,900	$	321,900	$	1,900	$	14,807	$	—	$	—
Interest on floating rate debt (1)	16,653		9,142		7,124		386		1		—		—
Long-term incentive plan payouts	9,018		5,614		3,404		—		—		—		—
Open purchase orders	239,841		239,841		—		—		—		—		—
Operating Leases	62,876		6,082		5,959		5,601		5,102		5,762		34,370
Minimum royalty payments	55,154		12,823		12,674		13,090		12,381		4,186		—
Advertising and promotional	34,228		18,359		9,131		6,738		—		—		—
Capital spending commitments	2,716		1,986		596		134		—		—		—
Total contractual obligations	$	760,993	$	295,747	$	360,788	$	27,849	$	32,291	$	9,948	$	34,370

(1)

We estimate our future obligations for interest on our floating rate debt by assuming the weighted average interest rates in effect on each floating rate debt obligation at February 29, 2020 remain constant into the future. This is an estimate, as actual rates will vary over time. In addition, we assume the revolving credit debt balance outstanding as of February 29, 2020 remains the same for the remaining term of our revolving credit agreement. The actual balance outstanding may fluctuate significantly in future periods, depending on the availability of cash flow from operations and future investing and financing considerations.