XML 39 R26.htm IDEA: XBRL DOCUMENT v3.4.0.3
Balance Sheet Information and Fair Value (Tables)
12 Months Ended
Feb. 29, 2016
Balance Sheet Information and Fair Value [Abstract]  
Cash and Cash Equivalents
The following table summarizes our cash and cash equivalents by category (in thousands):
 
As of
February 28/29,
 
2016
 
2015
Cash and cash equivalents:
 
 
 
Cash
$
60,252

 
$
97,187

Money market funds
58,402

 
54,186

 
$
118,654

 
$
151,373

Marketable Securities
The following table summarizes our marketable securities by category (in thousands):
 
As of February 29, 2016
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
Asset-backed securities
$
4,717

 
$
9

 
$
(3
)
 
$
4,723

Corporate debt securities
19,135

 
11

 
(22
)
 
19,124

Equity securities
3,095

 
380

 

 
3,475

Foreign government bonds
205

 

 

 
205

Mortgage-backed securities
2,341

 

 
(13
)
 
2,328

U.S. government agency securities
2,242

 
6

 
(14
)
 
2,234

U.S. government notes
4,279

 
26

 

 
4,305

 
$
36,014

 
$
432

 
$
(52
)
 
$
36,394

 
 
As of February 28, 2015
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
Asset-backed securities
$
4,846

 
$
3

 
$
(4
)
 
$
4,845

Corporate debt securities
21,241

 
17

 
(13
)
 
21,245

Equity securities
1,211

 
37

 
(32
)
 
1,216

Foreign government bonds
201

 

 

 
201

Mortgage-backed securities
2,716

 
4

 
(10
)
 
2,710

U.S. government agency securities
7,310

 
8

 
(24
)
 
7,294

U.S. government notes
3,242

 
1

 

 
3,243

 
$
40,767

 
$
70

 
$
(83
)
 
$
40,754

Summary of Securities with Gross Unrealized Loss Positions and Fair Values
The following table presents gross unrealized losses and fair values for those marketable securities that were in an unrealized loss position aggregated by investment category and the length of time that individual securities have been in a continuous loss position (in thousands): 
 
As of February 29, 2016
 
Less Than 12 Months
 
12 Months or Greater
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Asset-backed securities
$
1,788

 
$
(3
)
 
$

 
$

 
$
1,788

 
$
(3
)
Corporate debt securities
12,088

 
(22
)
 

 

 
12,088

 
(22
)
Mortgage-backed securities
1,746

 
(8
)
 
385

 
(5
)
 
2,131

 
(13
)
U.S. government agency securities
887

 
(10
)
 
622

 
(4
)
 
1,509

 
(14
)
 
$
16,509

 
$
(43
)
 
$
1,007

 
$
(9
)
 
$
17,516

 
$
(52
)


 
As of February 28, 2015
 
Less Than 12 Months
 
12 Months or Greater
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Asset-backed securities
$
2,385

 
$
(4
)
 
$

 
$

 
$
2,385

 
$
(4
)
Corporate debt securities
11,346

 
(13
)
 

 

 
11,346

 
(13
)
Equity securities
978

 
(32
)
 

 

 
978

 
(32
)
Mortgage-backed securities
1,923

 
(10
)
 

 

 
1,923

 
(10
)
U.S. government agency securities
4,331

 
(24
)
 

 

 
4,331

 
(24
)
 
$
20,963

 
$
(83
)
 
$

 
$

 
$
20,963

 
$
(83
)
Schedule of Marketable Debt Securities
The following table classifies our marketable debt securities by contractual maturities (in thousands): 
 
As of
 
February 29, 2016
Due in 1 year
$
12,409

Due in 1 year through 5 years
16,018

Due in 5 years through 10 years
559

Due after 10 years
3,933

 
$
32,919

Summary of Assets or Liabilities Measured at Fair Value
Financial assets measured at fair value on a recurring basis are summarized below (in thousands): 
 
As of February 29, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
58,402

 
$

 
$

 
$
58,402

Marketable securities:
 
 
 
 
 
 
 
Asset-backed securities
$

 
$
4,723

 
$

 
$
4,723

Corporate debt securities
$

 
$
19,124

 
$

 
$
19,124

Equity securities
$
3,475

 
$

 
$

 
$
3,475

Foreign government bonds
$

 
$
205

 
$

 
$
205

Mortgage-backed securities
$

 
$
2,328

 
$

 
$
2,328

U.S. government agency securities
$

 
$
2,234

 
$

 
$
2,234

U.S. government notes
$

 
$
4,305

 
$

 
$
4,305

Other accrued liabilities (current):
 
 
 
 
 
 
 
Contingent consideration liability
$

 
$

 
$
1,160

 
$
1,160

Other long-term liabilities:
 
 
 
 
 
 
 
Contingent consideration liability
$

 
$

 
$
161

 
$
161


 
As of February 28, 2015
 
Level 1
 
Level 2
 
Level 3
 
Total
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
54,186

 
$

 
$

 
$
54,186

Marketable securities:
 
 
 
 
 
 
 
Asset-backed securities
$

 
$
4,845

 
$

 
$
4,845

Corporate debt securities
$

 
$
21,245

 
$

 
$
21,245

Equity securities
$
1,216

 
$

 
$

 
$
1,216

Foreign government bonds
$

 
$
201

 
$

 
$
201

Mortgage-backed securities
$

 
$
2,710

 
$

 
$
2,710

U.S. government agency securities
$

 
$
7,294

 
$

 
$
7,294

U.S. government notes
$

 
$
3,243

 
$

 
$
3,243

Derivative assets not designated (current):
 
 
 
 
 
 
 
Foreign exchange contracts
$

 
$
31

 
$

 
$
31

Other accrued liabilities (current):
 
 
 
 
 
 
 
Contingent consideration liability
$

 
$

 
$
1,150

 
$
1,150

Other long-term liabilities:
 
 
 
 
 
 
 
Contingent consideration liability
$

 
$

 
$
1,878

 
$
1,878

Summary of Change in Fair Value of Level 3 Contingent Consideration Liability
The following table summarizes the change in fair value of our Level 3 contingent consideration amounts (in thousands):
Balance as of February 28, 2015
$
3,028

Acquisition addition
334

Total remeasurement recognized in earnings
(1,867
)
Settlements
(174
)
Balance as of February 29, 2016
$
1,321

Inventories, Net
Inventories, net consisted of the following (in thousands):
 
As of
February 28/29,
 
2016
 
2015
Raw materials
$
2,459

 
$
2,455

Finished goods
3,659

 
2,729

Reserves
(470
)
 
(730
)
 
$
5,648

 
$
4,454

Deferred Costs
Deferred costs consisted of the following (in thousands): 
 
As of
February 28/29,
 
2016
 
2015
Appliance
$
41,548

 
$
41,052

Commissions
17,414

 
16,884

 
$
58,962

 
$
57,936

Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
 
 
As of
February 28/29,
 
2016
 
2015
Land
$
9,578

 
$
9,354

Building
6,549

 
6,549

Computer hardware and software
26,450

 
17,860

Vehicles, machinery and equipment
4,711

 
3,546

Leasehold improvements
4,401

 
2,965

 
51,689

 
40,274

Accumulated depreciation and amortization
(19,779
)
 
(12,435
)
 
$
31,910

 
$
27,839

Components of Accumulated Other Comprehensive Loss, Net of Tax
The components of accumulated other comprehensive income (loss), net of tax, were as follows (in thousands): 
 
Foreign
Currency
Translation
Adjustments
 
Unrealized Gain (Loss) on
Available-for-
Sale Investments
 
Total
Balance as of February 28, 2015
$
(4,225
)
 
$
(8
)
 
$
(4,233
)
Other comprehensive income (loss) before reclassifications
(669
)
 
403

 
(266
)
Amounts reclassified from accumulated other comprehensive income (loss)

 
(10
)
 
(10
)
Other comprehensive income (loss)
(669
)
 
393

 
(276
)
Balance as of February 29, 2016
$
(4,894
)
 
$
385

 
$
(4,509
)