CASH, CASH EQUIVALENTS AND INVESTMENTS

9 Months Ended

Nov. 30, 2023

Cash and Cash Equivalents [Abstract]

CASH, CASH EQUIVALENTS AND INVESTMENTS

NOTE 2 – CASH, CASH EQUIVALENTS AND INVESTMENTS

The following tables summarize our financial instrument assets (in thousands):

	As of November 30, 2023
							Balance Sheet Classification
							of Fair Value
			Unrealized				Cash and
			Gains		Fair		Cash		Other
	Cost		(Losses)		Value		Equivalents		Assets
Cash	$	38,169	$	—	$	38,169	$	38,169	$	—
Level 1:
Money market funds		-		—		-		-		—
Mutual funds (1)		4,828		207		5,035		—		5,035
Total	$	42,997	$	207	$	43,204	$	38,169	$	5,035

	As of February 28, 2023
								Balance Sheet Classification
								of Fair Value
			Unrealized					Cash and
			Gains			Fair		Cash		Other
	Cost		(Losses)			Value		Equivalents		Assets
Cash	$	41,903	$	—		$	41,903	$	41,903	$	—
Level 1:
Money market funds		25		—			25		25		—
Mutual funds (1)		341		(3	)		338		—		338
Total	$	42,269	$	(3	)	$	42,266	$	41,928	$	338

(1)Amounts represent various equities, bond and money market mutual funds that are held in an irrevocable “Rabbi Trust” for payment obligations to non-qualified deferred compensation plan participants. In addition to the mutual funds above, our “Rabbi Trust” also included Corporate-Owned Life Insurance (COLI) starting in fiscal 2020. During the three months ended November 30, 2023 the COLI was closed and the value of the policy was returned to mutual funds. As of November 30, 2023, there was no cash surrender value of the COLI.