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FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (Tables)
12 Months Ended
Feb. 28, 2013
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT  
Schedule of fair values of derivative instruments

(in thousands)

February 28, 2013

 

 

 

 

 

 

 

 

Prepaid

 

Accrued

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

Expenses

 

 

 

 

 

 

 

Final

 

 

 

and Other

 

and Other

 

Other

 

 

 

 

 

Settlement

 

Notional

 

Current

 

Current

 

Liabilities,

 

Designated as hedging instruments

 

Hedge Type

 

Date

 

Amount

 

Assets

 

Liabilities

 

Noncurrent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts - sell Euro

 

Cash flow

 

10/2013

 

7,050

 

$

239

 

$

-

 

$

-

 

Foreign currency contracts - sell Pounds

 

Cash flow

 

11/2013

 

£

3,000

 

257

 

-

 

-

 

Interest rate swap

 

Cash flow

 

6/2014

 

$

75,000

 

-

 

3,044

 

1,780

 

Total fair value

 

 

 

 

 

 

 

$

496

 

$

3,044

 

$

1,780

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

February 29, 2012

 

 

 

 

 

 

 

 

 

Prepaid

 

Accrued

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

Expenses

 

 

 

 

 

 

 

Final

 

 

 

and Other

 

and Other

 

Other

 

 

 

 

 

Settlement

 

Notional

 

Current

 

Current

 

Liabilities,

 

Designated as hedging instruments

 

Hedge Type

 

Date

 

Amount

 

Assets

 

Liabilities

 

Noncurrent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts - sell Canadian

 

Cash flow

 

12/2012

 

$

7,000

 

$

-

 

$

163

 

$

-

 

Interest rate swap

 

Cash flow

 

6/2014

 

$

75,000

 

-

 

3,531

 

5,022

 

Total fair value

 

 

 

 

 

 

 

$

-

 

$

3,694

 

$

5,022

 

 

Schedule of pre-tax effect of derivative instruments

(in thousands)

 

 

Fiscal Years Ended

 

 

Gain \ (Loss)

 

Gain \ (Loss) Reclassified

 

 

 

 

 

 

 

Recognized in OCI

 

from Accumulated Other

 

Gain \ (Loss) Recognized

 

 

 

(effective portion)

 

Comprehensive Loss into Income

 

as Income (1)

 

 

 

2013

 

 

2012

 

Location

 

2013

 

 

2012

 

Location

 

2013

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Currency contracts and swaps - cash flow hedges

 

  $

(132

)

 

$

563

 

SG&A

 

  $

(629

)

 

$

(244

)

SG&A

 

  $

(44

)

 

$

(63

)

Interest rate swaps - cash flow hedges

 

(103

)

 

(3,353

)

Interest expense

 

(3,833

)

 

(4,424

)

 

 

-

 

 

-

 

Total

 

  $

(235

)

 

$

(2,790

)

 

 

  $

(4,462

)

 

$

(4,668

)

 

 

  $

(44

)

 

$

(63

)

 

(1)  The amounts shown represent the ineffective portion of the change in fair value of cash flow hedges.

Schedule of cash and cash equivalents

(in thousands)

 

 

 

February 28, 2013

 

 

February 29, 2012

 

 

 

 

Carrying

 

Range of

 

 

Carrying

 

Range of

 

 

 

 

Amount

 

Interest Rates

 

 

Amount

 

Interest Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

Cash, interest and non-interest-bearing accounts - unrestricted

 

 

$

9,568

 

0.00 to 1.30%

 

 

  $

18,375

 

0.00 to 1.70%

 

Cash, interest and non-interest-bearing accounts - restricted

 

 

2,183

 

0.00 to 0.75%

 

 

2,670

 

0.00 to 1.25%

 

Money market funds

 

 

1,091

 

0.35 to 0.37%

 

 

801

 

0.53 to 4.32%

 

Total cash and cash equivalents

 

 

$

12,842

 

 

 

 

  $

21,846