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Fair Value Measurements (Tables)
9 Months Ended
Nov. 30, 2023
Fair Value Disclosures [Abstract]  
Fair value assets and liabilities measured on recurring basis
The following tables set forth our financial assets as of November 30, 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 November 30, 2023
Using Fair Value Hierarchy
 
Fair Value as of
November 30, 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$105,832 $105,832 $— $— Market
Investments, at fair value:
  Investment in debt securities$5,029 $— $— $5,029 Income
  Investment in equity securities5,492 2,048 — 3,444 Market/Income
Total investments, at fair value$10,521 $2,048 $— $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
Investments, at fair value:
  Investment in debt securities$5,029 $— $— $5,029 Income
  Investment in equity securities5,790 2,346 — 3,444 Market/Income
Total investments, at fair value$10,819 $2,346 $— $8,473 
Carrying amounts and fair values of financial instruments
The carrying amounts and fair values of our financial instruments at November 30, 2023, and February 28, 2023 were as follows:
November 30, 2023February 28, 2023
AssetsCarrying Amount
of Asset
Fair Value
of Asset
Carrying Amount
of Asset
Fair Value
of Asset
Investments, at fair value(1)
$10,521 $10,521 $10,819 $10,819 
Other investments, net(2)
5,079 5,079 — — 
LiabilitiesCarrying  Amount
of Liability
Fair Value
of Liability
Carrying
Amount
of Liability
Fair Value
of Liability
Credit Facilities$130,000 $130,000 $20,000 $20,000 
Unsecured Term Loan155,000 155,000 155,000 151,449 
Term Financings903,212 903,182 761,283 739,804 
Senior Notes3,200,000 3,056,270 3,700,000 3,524,563 
_______________
(1)See Assets Measured at Fair Value on a Recurring Basis.
(2)As of November 30, 2023, we had a $3.2 million allowance for credit losses on certain investments in debt securities that are carried at amortized cost – see Note 15.