XML 37 R25.htm IDEA: XBRL DOCUMENT v3.24.2
Fair Value Measurements (Tables)
3 Months Ended
May 31, 2024
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, 2024, and February 29, 2024, 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, 2024
Using Fair Value Hierarchy
 
Fair Value as of
May 31, 2024
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$164,604 $164,604 $— $— Market
Investments, at fair value:
  Investment in debt securities$5,029 $— $— $5,029 Income
  Investment in equity securities4,701 1,257 — 3,444 Market/Income
Total investments, at fair value$9,730 $1,257 $— $8,473 
  
Fair Value Measurements at February 29, 2024
Using Fair Value Hierarchy
 
Fair Value as of February 29, 2024
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$129,977 $129,977 $— $— Market
Investments, at fair value:
  Investment in debt securities$5,029 $— $— $5,029 Income
  Investment in equity securities5,131 1,687 — 3,444 Market/Income
Total investments, at fair value$10,160 $1,687 $— $8,473 
Carrying amounts and fair values of financial instruments
The carrying amounts and fair values of our financial instruments at May 31, 2024, and February 29, 2024 were as follows:
May 31, 2024February 29, 2024
AssetsCarrying Amount
of Asset
Fair Value
of Asset
Carrying Amount
of Asset
Fair Value
of Asset
Investments, at fair value(1)
$9,730 $9,730 $10,160 $10,160 
Other investments, net(2)
5,079 5,079 5,079 5,079 
LiabilitiesCarrying  Amount
of Liability
Fair Value
of Liability
Carrying
Amount
of Liability
Fair Value
of Liability
Credit Facilities$570,000 $570,000 $20,000 $20,000 
Term Financings863,333 866,303 883,451 885,139 
Senior Notes3,350,000 3,263,400 3,850,000 3,738,146 
_______________
(1)See Assets Measured at Fair Value on a Recurring Basis.
(2)As of May 31, 2024, 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.