Income Taxes (Tables)

12 Months Ended

Feb. 28, 2017

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Taxes and Non-Controlling Interest

Income (loss) before income taxes consists of the following (in thousands):

	Year Ended February 28/29,
	2017		2016			2015
United States	$	12,276	$	(7,792	)	$	(7,326	)
Foreign	9,712		643			2,730
	$	21,988	$	(7,149	)	$	(4,596	)

Schedule of Provision for (Benefit from) Income Taxes

The provision for (benefit from) income taxes consists of the following (in thousands):

	Year Ended February 28/29,
	2017		2016			2015
Current:
Federal	$	7,880	$	2,519		$	2,479
State	1,439		839			299
Foreign	792		507			863
	10,111		3,865			3,641
Deferred:
Federal	357		(2,707		)	51,820
State	13		(850		)	4,674
Foreign	1,272		(3,035		)	2,767
	1,642		(6,592		)	59,261
	$	11,753	$	(2,727	)	$	62,902

Components of Deferred Tax Assets (Liabilities)

Deferred tax assets (liabilities) comprise the following (in thousands):

	As of February 28/29,
	2017			2016
Deferred tax assets:
Deferred revenue	$	65,152		$	63,357
Stock-based compensation	9,335			6,983
Accruals and other	5,228			4,606
Research and development credits	5,436			6,484
Net operating losses	9,424			12,705
Total deferred tax assets	94,575			94,135
Valuation allowance	(77,513		)	(73,399		)
Total deferred tax assets, net of valuation allowance	17,062			20,736
Deferred tax liabilities:
Depreciation and amortization	(12,642		)	(14,954		)
Prepaid expense and other	(1,372		)	(1,151		)
Deferred sales commission	(4,297		)	(4,117		)
Total deferred tax liabilities	(18,311		)	(20,222		)
Net deferred tax assets (liabilities)	$	(1,249	)	$	514

Reconciliation of Statutory Federal Income Tax Rate to Effective Tax Rate

The following is a reconciliation of the statutory federal income tax rate to our effective tax rate (in thousands):

	Year Ended February 28/29,
	2017			2016			2015
Tax expense (benefit) at federal statutory rate	$	7,696		$	(2,502	)	$	(1,608	)
State taxes, net of federal benefit	1,071			(363		)	4,845
Non-deductible expenses	295			368			823
Stock-based compensation	1,241			2,134			520
Transaction costs	179			732			(1,454		)
Change in valuation allowance	3,291			1,674			58,685
Foreign rate differential	941			(2,752		)	2,730
Research and development credits	(1,995		)	(2,482		)	(1,792		)
Domestic production activities deduction	(769		)	(63		)	—
Litigation settlements	—			584			—
Other	(197		)	(57		)	153
	$	11,753		$	(2,727	)	$	62,902

Summary of Gross Unrecognized Tax Benefits

The following table summarizes the activity related to our gross unrecognized tax benefits (in thousands):

	Year Ended February 28/29,
	2017			2016			2015
Balance at beginning of year	$	6,388		$	5,322		$	4,980
Tax positions related to the current year:
Increases	3,879			1,841			1,050
Tax positions related to prior years:
Increases	—			231			58
Decreases	(34		)	(4		)	(53		)
Settlements with taxing authorities:
Settlements	—			(710		)	—
Releases—statute of limitations expired	(276		)	(292		)	(713		)
Balance at the end of the year	$	9,957		$	6,388		$	5,322