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FAIR VALUE (Tables)
12 Months Ended
Feb. 28, 2013
FAIR VALUE  
Schedule of fair value hierarchy of financial assets and liabilities carried at fair value and measured on a recurring basis

(in thousands)

 

 

 

 

 

Quoted Prices in

 

Significant Other

 

 

 

 

 

Active Markets

 

Observable

 

 

 

Fair Values at

 

for Identical Assets

 

Market Inputs

 

Description

 

February 28, 2013

 

(Level 1)

 

(Level 2)

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

Money market accounts

 

$

1,091

 

$

1,091

 

$

-

 

Foreign currency contracts

 

496

 

-

 

496

 

Total assets

 

$

1,587

 

$

1,091

 

$

496

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

Long-term debt - fixed rate (1)

 

$

105,725

 

$

-

 

$

105,725

 

Long-term debt - floating rate

 

75,000

 

-

 

75,000

 

Interest rate swaps

 

4,824

 

-

 

4,824

 

Total liabilities

 

$

185,549

 

$

-

 

$

185,549

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

Significant Other

 

 

 

 

 

Active Markets

 

Observable

 

 

 

Fair Values at

 

for Identical Assets

 

Market Inputs

 

Description

 

February 29, 2012

 

(Level 1)

 

(Level 2)

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

Money market accounts

 

$

801

 

$

801

 

$

-

 

Note receivable (1)

 

737

 

-

 

737

 

Total assets

 

$

1,538

 

$

801

 

$

737

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

Long-term debt - fixed rate (1)

 

$

104,450

 

$

-

 

$

104,450

 

Long-term debt - floating rate

 

75,000

 

-

 

75,000

 

Interest rate swaps

 

8,553

 

-

 

8,553

 

Foreign currency contracts

 

163

 

-

 

163

 

Total liabilities

 

$

188,166

 

$

-

 

$

188,166

 

 

(1)  Note receivable and debt values are reported at estimated fair value in this table but are recorded in the accompanying consolidated balance sheets at the undiscounted value of remaining principal payments due.

 

Schedule of reconciliation of ARS measured and recorded at fair value on a recurring basis and other non-financial assets measured on a non-recurring basis using significant unobservable inputs (Level 3)

(in thousands)

 

 

Fiscal Years Ended

 

 

 

2013

 

 

2012

 

 

 

Other

 

 

 

 

Other

 

 

 

Non-Financial

 

 

 

 

Non-Financial

 

 

 

Assets

 

 

ARS

 

Assets

 

 

 

 

 

 

 

 

 

 

Beginning balances

 

  $

829,500

 

 

  $

20,711

 

$

660,947

 

Total gains/income (losses/expense):

 

 

 

 

 

 

 

 

Included in net income - realized

 

(22,400

)

 

(626

)

(20,069

)

Included in other comprehensive income - unrealized

 

-

 

 

1,213

 

-

 

Acquired during the period

 

778

 

 

-

 

178,676

 

Acquisition adjustments during the period

 

991

 

 

-

 

9,946

 

Sales at par

 

-

 

 

(3,250

)

-

 

Sales at fair value

 

-

 

 

(18,048

)

-

 

Ending balances

 

  $

808,869

 

 

  $

-

 

$

829,500

 

 

 

 

 

 

 

 

 

 

Cumulative unrealized losses relating to assets still held at each reporting date, net of taxes

 

 

 

 

  $

-