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Other Comprehensive Income (Loss)
 12 Months Ended
Feb. 29, 2020
Equity [Abstract]  
Other Comprehensive Income (Loss)

NOTE 14: OTHER COMPREHENSIVE INCOME (LOSS)

 

The Company adopted ASU 2016-01, “Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities” as of March 1, 2018. Among other requirements, ASU 2016-01 requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. As a result of the adoption of ASU 2016-01, the Company has reclassified the accumulated unrealized gains from Other Accumulated Comprehensive Income to Retained Earnings at March 1, 2018. For fiscal 2019, the unrealized loss on the marketable securities during the year has been disclosed as a separate line item on the Income Statement.

 

For fiscal 2019, the net unrealized loss on the Company’s available-for-sale marketable securities was approximately $100,000.

 

As of February 28, 2019, the unrealized gain on the Company’s available-for-sale marketable securities was approximately $1,000.