Fair Value (Tables)

3 Months Ended

May 31, 2018

Fair Value

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

	Fair Values at
	May 31, 2018
(in thousands)	(Level 2) (1)
Assets:
Money market accounts	$	1,795
Interest rate swap		2,420
Foreign currency contracts		2,709
Total assets	$	6,924
Liabilities:
Floating rate debt	$	300,123
Foreign currency contracts		361
Total liabilities	$	300,484

	Fair Values at
	February 28, 2018
(in thousands)	(Level 2) (1)
Assets:
Money market accounts	$	1,107
Interest rate swap		2,481
Foreign currency contracts		642
Total assets	$	4,230
Liabilities:
Floating rate debt	$	289,869
Foreign currency contracts		2,606
Total liabilities	$	292,475

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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.