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CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables)
9 Months Ended
Nov. 30, 2021
Cash And Cash Equivalents [Abstract]  
Schedule of Cash and Marketable Securities

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

 

 

As of November 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Classification

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of Fair Value

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

Cash and

 

 

 

 

 

 

Adjusted

 

 

Gains

 

 

Fair

 

 

Cash

 

 

Other

 

 

Cost

 

 

(Losses)

 

 

Value

 

 

Equivalents

 

 

Assets

 

Cash

$

35,292

 

 

$

 

 

$

35,292

 

 

$

35,292

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

12,322

 

 

 

 

 

 

12,322

 

 

 

12,322

 

 

 

 

Mutual funds (1)

 

1,177

 

 

 

270

 

 

 

1,447

 

 

 

 

 

 

1,447

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Repurchase agreements

 

43,500

 

 

 

 

 

 

43,500

 

 

 

43,500

 

 

 

 

Total

$

92,291

 

 

$

270

 

 

$

92,561

 

 

$

91,114

 

 

$

1,447

 

 

As of February 28, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Classification

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of Fair Value

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

Cash and

 

 

 

 

 

 

Adjusted

 

 

Gains

 

 

Fair

 

 

Cash

 

 

Other

 

 

Cost

 

 

(Losses)

 

 

Value

 

 

Equivalents

 

 

Assets

 

Cash

$

38,823

 

 

$

 

 

$

38,823

 

 

$

38,823

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

12,801

 

 

 

 

 

 

12,801

 

 

 

12,801

 

 

 

 

Mutual funds (1)

 

1,810

 

 

 

367

 

 

 

2,177

 

 

 

 

 

 

2,177

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Repurchase agreements

 

43,000

 

 

 

 

 

 

43,000

 

 

 

43,000

 

 

 

 

Total

$

96,434

 

 

$

367

 

 

$

96,801

 

 

$

94,624

 

 

$

2,177

 

 

(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, 2021, the cash surrender value of COLI was $6.3 million.