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SHORT-TERM DEBT (Tables)
12 Months Ended
Feb. 28, 2013
SHORT-TERM DEBT  
Schedule of interest rate on short-term debt

(in thousands)

 

 

Fiscal Years Ended the Last Day of February,

 

 

 

2013

 

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

Average short-term debt (1)

 

$

143,100

 

 

$

94,060

 

$

14,200

 

Average interest rate on short-term debt during each year (2)

 

1.7%

 

 

2.2%

 

2.1%

 

Interest rate range during each year

 

1.6% - 4.0%

 

 

2.0% - 4.0%

 

2.0% - 4.0%

 

Weighted average interest rate on short-term debt outstanding at year end

 

1.6%

 

 

2.1%

 

2.0%

 

 

(1)      Average short-term debt is computed as the average of the current and four prior quarters ending balances of our revolving credit facility.

 

(2)      The average interest rate on short-term debt during each year is computed by dividing the total interest expense associated with our revolving credit facility for a fiscal year by the average short-term debt outstanding for the same fiscal year.