CASH, CASH EQUIVALENTS AND INVESTMENTS

6 Months Ended

Aug. 31, 2015

CASH, CASH EQUIVALENTS AND INVESTMENTS [Abstract]

CASH, CASH EQUIVALENTS AND INVESTMENTS

NOTE 2 – CASH, CASH EQUIVALENTS AND INVESTMENTS

The following table summarizes the Company's financial instrument assets as of August 31, 2015 using the hierarchy described in Note 1 under the heading “Fair Value Measurements” (in thousands):

								Balance Sheet Classification
								of Fair Value
								Cash and		Short-Term		Long-Term
	Adjusted		Unrealized			Fair		Cash		Marketable		Marketable		Other
	Cost		Losses			Value		Equivalents		Securities		Securities		Assets
Cash	$	9,753	$	-		$	9,753	$	9,753	$	-	$	-	$	-
Level 1:
Commercial paper		145		-			145		145		-		-		-
Mutual funds (1)		3,414		(131	)		3,283		-		-		-		3,283
Level 2:
Commercial paper		103,697		(144	)		103,553		-		90,984		12,569		-
Repurchase agreements		100,200		-			100,200		90,200		10,000		-		-
Certificate of deposit		4,000		-			4,000		-		4,000		-		-
Total	$	221,209	$	(275	)	$	220,934	$	100,098	$	104,984	$	12,569	$	3,283

(1)   The Company has established a non-qualified deferred compensation plan for certain members of management and all non-employee directors. The Company is informally funding its obligations under the deferred compensation plan by purchasing mutual fund investments that are held in a “Rabbi Trust” and are restricted for payment of obligations to plan participants. See Note 9 for additional information regarding the deferred compensation plan.