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CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables)
6 Months Ended
Aug. 31, 2019
Cash And Cash Equivalents [Abstract]  
Schedule of Cash and Marketable Securities

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

 

 

 

As of August 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Classification

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of Fair Value

 

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

Cash and

 

 

Short-Term

 

 

 

 

 

 

 

Adjusted

 

 

Gains

 

 

Fair

 

 

Cash

 

 

Marketable

 

 

Other

 

 

 

Cost

 

 

(Losses)

 

 

Value

 

 

Equivalents

 

 

Securities

 

 

Assets

 

Cash

 

$

45,503

 

 

$

 

 

$

45,503

 

 

$

45,503

 

 

$

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

64,186

 

 

 

 

 

 

64,186

 

 

 

64,186

 

 

 

 

 

 

 

Mutual funds (1)

 

 

4,401

 

 

 

264

 

 

 

4,665

 

 

 

 

 

 

 

 

 

4,665

 

International equities

 

 

296

 

 

 

(75

)

 

 

221

 

 

 

 

 

 

 

 

 

221

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Repurchase agreements

 

 

72,000

 

 

 

 

 

 

72,000

 

 

 

72,000

 

 

 

 

 

 

 

Corporate bonds

 

 

19,784

 

 

 

 

 

 

19,784

 

 

 

11,995

 

 

 

7,789

 

 

 

 

Total

 

$

206,170

 

 

$

189

 

 

$

206,359

 

 

$

193,684

 

 

$

7,789

 

 

$

4,886

 

 

 

As of February 28, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Classification

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of Fair Value

 

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

Cash and

 

 

Short-Term

 

 

 

 

 

 

 

Adjusted

 

 

Gains

 

 

Fair

 

 

Cash

 

 

Marketable

 

 

Other

 

 

 

Cost

 

 

(Losses)

 

 

Value

 

 

Equivalents

 

 

Securities

 

 

Assets

 

Cash

 

$

26,084

 

 

$

 

 

$

26,084

 

 

$

26,084

 

 

$

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

154,428

 

 

 

 

 

 

154,428

 

 

 

154,428

 

 

 

 

 

 

 

Mutual funds (1)

 

 

6,023

 

 

 

390

 

 

 

6,413

 

 

 

 

 

 

 

 

 

6,413

 

International equities

 

 

296

 

 

 

(73

)

 

 

223

 

 

 

 

 

 

 

 

 

223

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Repurchase agreements

 

 

72,000

 

 

 

 

 

 

72,000

 

 

 

72,000

 

 

 

 

 

 

 

Corporate bonds

 

 

21,502

 

 

 

(2

)

 

 

21,500

 

 

 

3,988

 

 

 

17,512

 

 

 

 

Total

 

$

280,333

 

 

$

315

 

 

$

280,648

 

 

$

256,500

 

 

$

17,512

 

 

$

6,636

 

 

(1)

Amounts represent various equities, 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. In addition to the mutual funds above, our “Rabbi Trust” also included Corporate-Owned Life Insurance (COLI) starting in fiscal 2020. As of August 31, 2019, the cash surrender value of COLI was $2.0 million.