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Fair Value (Tables)
9 Months Ended
Nov. 30, 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
 
November 30, 2019
(in thousands)
(Level 2) (1)
Assets:
 

Money market accounts
$
653

Interest rate swaps

Foreign currency contracts
1,353

Total assets
$
2,006

 
 

Liabilities:
 

Floating rate debt
$
244,247

Interest rate swaps
7,068

Foreign currency contracts
372

Total liabilities
$
251,687

 
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.