CASH, CASH EQUIVALENTS AND INVESTMENTS

6 Months Ended

Aug. 31, 2017

Cash and Cash Equivalents [Abstract]

CASH, CASH EQUIVALENTS AND INVESTMENTS

NOTE 2 – CASH, CASH EQUIVALENTS AND INVESTMENTS

The following tables summarize our financial instrument assets (in thousands):

	As of August 31, 2017
								Balance Sheet Classification
								of Fair Value
			Unrealized					Cash and		Short-Term
	Adjusted		Gains			Fair		Cash		Marketable		Other
	Cost		(Losses)			Value		Equivalents		Securities		Assets
Cash	$	40,262	$	-		$	40,262	$	40,262	$	-	$	-
Level 1:
Money market funds		5,709		-			5,709		5,709		-		-
Mutual funds (1)		5,504		(19	)		5,485		-		-		5,485
Equity investment in French licensee		296		30			326		-		-		326
Level 2:
Repurchase agreements		57,100		-			57,100		57,100		-		-
Corporate bonds		27,572		(5	)		27,567		23,565		4,002		-
Total	$	136,443	$	6		$	136,449	$	126,636	$	4,002	$	5,811
	As of February 28, 2017
								Balance Sheet Classification
								of Fair Value
			Unrealized					Cash and		Short-Term
	Adjusted		Gains			Fair		Cash		Marketable		Other
	Cost		(Losses)			Value		Equivalents		Securities		Assets
Cash	$	39,322	$	-		$	39,322	$	39,322	$	-	$	-
Level 1:
Money market funds		3,406		-			3,406		3,406		-		-
Mutual funds (1)		5,429		372			5,801		-		-		5,801
Equity investment in French licensee		296		(54	)		242		-		-		242
Level 2:
Repurchase agreements		24,000		-			24,000		24,000		-		-
Corporate bonds		33,708		(8	)		33,700		26,978		6,722		-
Total	$	106,161	$	310		$	106,471	$	93,706	$	6,722	$	6,043

(1) Amounts represent various equity, bond and money market mutual funds that are held in a “Rabbi Trust” and are restricted for payment obligations to non-qualified deferred compensation plan participants.