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Fair Value Measurements (Tables)
3 Months Ended
May 31, 2023
Fair Value Disclosures [Abstract]  
Fair value assets and liabilities measured on recurring basis
The following tables set forth our financial assets as of May 31, 2023 and February 28, 2023 that we measured at fair value on a recurring basis by level within the fair value hierarchy. Assets measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.
  
Fair Value Measurements at May 31, 2023
Using Fair Value Hierarchy
 
Fair Value as of
May 31, 2023
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Valuation
Technique
Assets:
Cash and cash equivalents$136,156 $136,156 $— $— Market
Investment in debt securities5,029 — — 5,029 Income
Investment in equity securities5,513 2,069 — 3,444 Market/Income
Total$146,698 $138,225 $— $8,473 
  
Fair Value Measurements at February 28, 2023
Using Fair Value Hierarchy
 
Fair Value as of February 28, 2023
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Valuation
Technique
Assets:
Cash and cash equivalents$231,861 $231,861 $— $— Market
Investment in debt securities5,029 — — 5,029 Income
Investment in equity securities5,790 2,346 — 3,444 Market/Income
Total$242,680 $234,207 $— $8,473 
Carrying amounts and fair values of financial instruments
The carrying amounts and fair values of our financial instruments at May 31, 2023 and February 28, 2023 were as follows:
May 31, 2023February 28, 2023
Carrying Amount
of Asset
Fair Value
of Asset
Carrying Amount
of Asset
Fair Value
of Asset
Investment in debt securities$5,029 $5,029 $5,029 $5,029 
Investment in equity securities5,513 5,513 5,790 5,790 
 Carrying  Amount
of Liability
Fair Value
of Liability
Carrying
Amount
of Liability
Fair Value
of Liability
Credit Facilities$395,000 $397,725 $20,000 $20,000 
Unsecured Term Loan155,000 155,309 155,000 151,449 
Term Financings941,989 930,841 761,283 739,804 
Senior Notes3,200,000 3,022,820 3,700,000 3,524,563