OTHER FINANCIAL INFORMATION

6 Months Ended

Aug. 31, 2016

OTHER FINANCIAL INFORMATION [Abstract]

OTHER FINANCIAL INFORMATION

NOTE 14 – OTHER FINANCIAL INFORMATION

Supplemental Balance Sheet Information

Other non-current liabilities consist of the following (in thousands):

	August 31,		February 29,
	2016		2016
Deferred compensation plan liability	$	5,265	$	3,392
Deferred revenue		6,087		1,070
Deferred rent		458		559
Acquisition-related contingent consideration		583		530
Other		1,107		-
	$	13,500	$	5,551

The acquisition-related contingent consideration is comprised of the estimated earn-out payable to the sellers in conjunction with the Company’s April 2015 acquisition of Crashboxx.

Supplemental Statements of Comprehensive Income (Loss) Information

Investment income consists of the following (in thousands):

	Three Months Ended					Six Months Ended
	August 31,					August 31,
	2016		2015			2016		2015
Investment income on cash equivalents and marketable securities	$	153	$	154		$	329	$	150
Investment income (loss) on deferred compensation plan Rabbi Trust assets		188		(197	)		465		(165	)
Dividend income		114		-			114		-
Total investment income (loss)	$	455	$	(43	)	$	908	$	(15	)

Interest expense consists of the following (in thousands):

	Three Months Ended				Six Months Ended
	August 31,				August 31,
	2016		2015		2016		2015
Interest expense on convertible senior unsecured notes:
Stated interest at 1.625% per annum	$	701	$	701	$	1,402	$	882
Amortization of note discount		1,562		1,353		3,069		1,736
Amortization of debt issue costs		199		173		391		221
		2,462		2,227		4,862		2,839
Other interest expense		12		53		36		89
Total interest expense	$	2,474	$	2,280	$	4,898	$	2,928

Supplemental Cash Flow Information

“Net cash provided by operating activities” includes cash payments for interest and income taxes as follows (in thousands):

	Six Months Ended
	August 31,
	2016		2015
Interest expense paid	$	1,447	$	38
Income tax paid	$	979	$	337

Following is the supplemental schedule of non-cash investing and financing activities (in thousands):

	Six Months Ended
	August 31,
	2016		2015
Acquisition of Crashboxx in April 2015:
Accrued liability for earn-out consideration	$	-	$	455