CASH, CASH EQUIVALENTS AND INVESTMENTS

12 Months Ended

Feb. 28, 2022

Cash And Cash Equivalents [Abstract]

CASH, CASH EQUIVALENTS AND INVESTMENTS

NOTE 5 – CASH, CASH EQUIVALENTS AND INVESTMENTS

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

	As of February 28, 2022
							Balance Sheet Classification of Fair Value
			Unrealized				Cash and
			Gains		Fair		Cash		Other
	Cost		(Losses)		Value		Equivalents		Assets
Cash	$	28,394	$	-	$	28,394	$	28,394	$	-
Level 1:
Money market funds		7,327		-		7,327		7,327		-
Mutual funds (1)		851		107		958		-		958
Level 2:
Repurchase agreements		43,500		-		43,500		43,500		-
Total	$	80,072	$	107	$	80,179	$	79,221	$	958

	As of February 28, 2021
							Balance Sheet Classification of Fair Value
			Unrealized				Cash and
			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, bonds and money market mutual funds 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 February 28, 2022, the cash surrender value of COLI was $6.2 million. See Note 10 for discussion of the deferred compensation plan.