FINANCING ARRANGEMENTS (Tables)

6 Months Ended

Aug. 31, 2022

Debt Disclosure [Abstract]

Summary of Debt

The following table provides a summary of our debt as of August 31, 2022 and February 28, 2022 (in thousands):

	Maturity	Effective			August 31,			February 28,
	Date	Interest Rate			2022			2022
2025 Convertible Notes, 2.00% fixed rate (2)	August 1, 2025		2.49	%		230,000			230,000
Due to factors under revenue assignments	2020 - 2024		4.70	%		2,305			3,829
Total term debt						232,305			233,829
Unamortized discount and issuance costs (1)						(3,585	)		(41,541	)
Less: Current portion of long-term term debt						(1,828	)		(2,585	)
Long-term debt, net of current portion					$	226,892		$	189,703

(1) The debt discount associated with the Convertible Notes and related unamortized debt issuance costs as of August 31, 2022 reflects the adoption impact of ASU 2020-06 effective March 1, 2022. See Note 1, Significant Accounting Policies – Recent Accounting Pronouncements, for further information regarding the adoption of ASU 2020-06.

(2) The effective interest rate was 7.56% prior to the adoption of ASU 2020-06.