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FINANCING ARRANGEMENTS (Tables)
6 Months Ended
Aug. 31, 2023
Debt Disclosure [Abstract]  
Summary of Debt

The following table provides a summary of our debt as of August 31, 2023 and February 28, 2023 (in thousands):

 

 

 

Maturity

 

Effective

 

 

August 31,

 

 

February 28,

 

 

Date

 

Interest Rate

 

 

2023

 

 

2023

 

2025 Convertible Notes, 2.00% fixed rate

August 1, 2025

 

 

2.49

%

 

$

230,000

 

 

$

230,000

 

Due to factors under revenue assignments

2020 - 2024

 

 

4.70

%

 

 

432

 

 

 

1,149

 

Total term debt

 

 

 

 

 

 

230,432

 

 

 

231,149

 

Unamortized discount and issuance costs

 

 

 

 

 

 

(2,473

)

 

 

(3,028

)

Less: Current portion of long-term term debt

 

 

 

 

 

 

-

 

 

 

(705

)

Long-term debt, net of current portion

 

 

 

 

 

$

227,959

 

 

$

227,416