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FINANCING ARRANGEMENTS (Tables)
9 Months Ended
Nov. 30, 2019
Debt Disclosure [Abstract]  
Summary of Debt

The following table provides a summary of our debt as of November 30, 2019 and February 28, 2019 (in thousands):

 

 

 

 

Maturity

 

Effective

 

 

November 30,

 

 

February 28,

 

 

 

Date

 

Interest Rate

 

 

2019

 

 

2019

 

2020 Convertible Notes, 1.625% fixed rate

 

May 15, 2020

 

 

6.20

%

 

$

27,599

 

 

$

122,527

 

2025 Convertible Notes, 2.00% fixed rate

 

August 1, 2025

 

 

7.56

%

 

 

230,000

 

 

 

230,000

 

Due to factors

 

2020 - 2024

 

 

4.70

%

 

 

15,167

 

 

 

 

Total term debt

 

 

 

 

 

 

 

 

272,766

 

 

 

352,527

 

Unamortized discount and issuance costs

 

 

 

 

 

 

 

 

(63,433

)

 

 

(76,622

)

Less: Current portion of long-term term debt

 

 

 

 

 

 

 

 

(32,955

)

 

 

 

Long-term debt, net of current portion

 

 

 

 

 

 

 

$

176,378

 

 

$

275,905