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Balance Sheet Information (Tables)
3 Months Ended
May 31, 2016
Balance Sheet Information [Abstract]  
Cash and Cash Equivalents
The following table summarizes our cash and cash equivalents by category (in thousands):
 
As of May 31, 2016
 
As of February 29, 2016
Cash
$
70,678

 
$
60,252

Money market funds
56,304

 
58,402

 
$
126,982

 
$
118,654

Marketable Securities
The following tables summarize our marketable securities by category (in thousands):
 
As of May 31, 2016
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
Asset-backed securities
$
4,849

 
$
19

 
$

 
$
4,868

Corporate debt securities
20,910

 
26

 
(20
)
 
20,916

Equity securities
1,596

 
709

 

 
2,305

Foreign government bonds
201

 

 

 
201

Mortgage-backed securities
1,812

 
1

 
(5
)
 
1,808

U.S. government agency securities
6,189

 
6

 
(29
)
 
6,166

U.S. government notes
3,453

 
12

 
(2
)
 
3,463

 
$
39,010

 
$
773

 
$
(56
)
 
$
39,727

 
 
 
 
 
 
 
 
 
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

Summary of Securities with Gross Unrealized Loss Positions and Fair Values
The following tables present 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 May 31, 2016
 
Less Than 12 Months
 
12 Months or Greater
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Corporate debt securities
$
10,924

 
$
(20
)
 
$

 
$

 
$
10,924

 
$
(20
)
Mortgage-backed securities
1,345

 
(3
)
 
234

 
(2
)
 
1,579

 
(5
)
U.S. government agency securities
5,332

 
(27
)
 
249

 
(2
)
 
5,581

 
(29
)
U.S. government notes
570

 
(2
)
 

 

 
570

 
(2
)
 
$
18,171

 
$
(52
)
 
$
483

 
$
(4
)
 
$
18,654

 
$
(56
)
 
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
)
Summary of Estimated Fair Value of Investments in Marketable Debt Securities
The following table summarizes the estimated fair value of our investments in marketable debt securities by contractual maturities (in thousands):
 
As of May 31, 2016
Due in 1 year
$
10,432

Due in 1 year through 5 years
22,147

Due in 5 years through 10 years
1,372

Due after 10 years
3,471

 
$
37,422

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 May 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
56,304

 
$

 
$

 
$
56,304

Marketable securities:
 
 
 
 
 
 
 
Asset-backed securities
$

 
$
4,868

 
$

 
$
4,868

Corporate debt securities
$

 
$
20,916

 
$

 
$
20,916

Equity securities
$
2,305

 
$

 
$

 
$
2,305

Foreign government bonds
$

 
$
201

 
$

 
$
201

Mortgage-backed securities
$

 
$
1,808

 
$

 
$
1,808

U.S. government agency securities
$

 
$
6,166

 
$

 
$
6,166

U.S. government notes
$

 
$
3,463

 
$

 
$
3,463

Other accrued liabilities (current):
 
 
 
 
 
 
 
Contingent consideration
$

 
$

 
$
1,160

 
$
1,160

Other long-term liabilities:
 
 
 
 
 
 
 
Contingent consideration
$

 
$

 
$
161

 
$
161

 
 
 
 
 
 
 
 
 
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
$

 
$

 
$
1,160

 
$
1,160

Other long-term liabilities:
 
 
 
 
 
 
 
Contingent consideration
$

 
$

 
$
161

 
$
161

Inventories, Net
Inventories, net consisted of the following (in thousands):
 
As of May 31, 2016
 
As of February 29, 2016
Raw materials
$
3,098

 
$
2,459

Finished goods
3,313

 
3,659

Reserves
(400
)
 
(470
)
 
$
6,011

 
$
5,648

Deferred Costs
Deferred costs consisted of the following (in thousands):
 
As of May 31, 2016
 
As of February 29, 2016
Appliance
$
40,960

 
$
41,548

Commissions
18,101

 
17,414

 
$
59,061

 
$
58,962

Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
 
As of May 31, 2016
 
As of February 29, 2016
Land
$
9,822

 
$
9,578

Building
6,549

 
6,549

Computer hardware and software
28,103

 
26,450

Vehicles, machinery and equipment
4,709

 
4,711

Leasehold improvements
4,463

 
4,401

 
53,646

 
51,689

Accumulated depreciation and amortization
(22,178
)
 
(19,779
)
 
$
31,468

 
$
31,910

Components of Accumulated Other Comprehensive Income (Loss), Net of Tax
The components of accumulated other comprehensive income (loss) ("AOCI"), net of tax, were as follows (in thousands):
 
Foreign
Currency
Translation
Adjustments
 
Unrealized Gains
(Losses) on
Available-for-
Sale Investments
 
Total
Balance as of February 29, 2016
$
(4,894
)
 
$
385

 
$
(4,509
)
Other comprehensive income before reclassifications
334

 
610

 
944

Amounts reclassified from AOCI

 
(273
)
 
(273
)
Other comprehensive income
334

 
337

 
671

Balance as of May 31, 2016
$
(4,560
)
 
$
722

 
$
(3,838
)