Fair Value (Tables)

9 Months Ended

Nov. 30, 2017

Fair Value

Schedule of fair value hierarchy of financial assets and liabilities presented at fair value and measured on a recurring basis

FAIR VALUES OF FINANCIAL ASSETS AND LIABILITIES

	Fair Values at
	November 30, 2017
(in thousands)	(Level 2)(1)
Assets:
Money market accounts	$	496
Interest rate swap and foreign currency contracts		1,023
Total assets	$	1,519
Liabilities:
Fixed rate debt(2)	$	20,035
Floating rate debt		406,215
Foreign currency contracts		2,815
Total liabilities	$	429,065

	Fair Values at
	February 28, 2017
(in thousands)	(Level 2)(1)
Assets:
Money market accounts	$	2,711
Foreign currency contracts		2,167
Total assets	$	4,878
Liabilities:
Fixed rate debt(2)	$	20,105
Floating rate debt		465,852
Foreign currency contracts		47
Total liabilities	$	486,004

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⁽¹⁾ Our financial assets and liabilities are classified as Level 2 because their valuation is dependent on observable inputs and other quoted prices for similar assets or liabilities, or model-derived valuations whose significant value drivers are observable.

⁽²⁾ Debt values are reported at estimated fair value in these tables, but are recorded in the accompanying consolidated balance sheets at the undiscounted value of remaining principal payments due.