CASH, CASH EQUIVALENTS AND INVESTMENTS

9 Months Ended

Nov. 30, 2020

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 November 30, 2020
							Balance Sheet Classification
							of Fair Value
			Unrealized				Cash and
	Adjusted		Gains		Fair		Cash		Other
	Cost		(Losses)		Value		Equivalents		Assets
Cash	$	30,900	$	—	$	30,900	$	30,900	$	—
Level 1:
Money market funds		17,792		—		17,792		17,792		—
Mutual funds (1)		2,127		357		2,484		—		2,484
Level 2:
Repurchase agreements		43,000		—		43,000		43,000		—
Total	$	93,819	$	357	$	94,176	$	91,692	$	2,484

	As of February 29, 2020
							Balance Sheet Classification
							of Fair Value
			Unrealized				Cash and
	Adjusted		Gains		Fair		Cash		Other
	Cost		(Losses)		Value		Equivalents		Assets
Cash	$	31,895	$	—	$	31,895	$	31,895	$	—
Level 1:
Money market funds		5,508		—		5,508		5,508		—
Mutual funds (1)		3,926		26		3,952		—		3,952
Level 2:
Repurchase agreements		60,000		—		60,000		60,000		—
Corporate bonds		10,001		—		10,001		10,001		—
Total	$	111,330	$	26	$	111,356	$	107,404	$	3,952

(1) Amounts represent various equities, bond and money market mutual funds that are held in an irrevocable “Rabbi Trust” 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 November 30, 2020, the cash surrender value of COLI was $4.5 million.