CASH, CASH EQUIVALENTS AND INVESTMENTS

6 Months Ended

Aug. 31, 2022

Cash And Cash Equivalents [Abstract]

CASH, CASH EQUIVALENTS AND INVESTMENTS

NOTE 3 – CASH, CASH EQUIVALENTS AND INVESTMENTS

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

	As of August 31, 2022
								Balance Sheet Classification
								of Fair Value
			Unrealized					Cash and
			Gains			Fair		Cash		Other
	Cost		(Losses)			Value		Equivalents		Assets
Cash	$	26,767	$	—		$	26,767	$	26,767	$	—
Level 1:
Money market funds		454		—			454		454		—
Mutual funds (1)		1,156		(1	)		1,155		—		1,155
Level 2:
Repurchase agreements		20,500		—			20,500		20,500		—
Total	$	48,877	$	(1	)	$	48,876	$	47,721	$	1,155

	As of February 28, 2022
							Balance Sheet Classification
							of Fair Value
			Unrealized				Cash and
			Gains		Fair		Cash		Other
	Cost		(Losses)		Value		Equivalents		Assets
Cash	$	28,394	$	—	$	28,394	$	28,394	$	—
Level 1:
Money market funds		7,327		—		7,327		7,327		—
Mutual funds (1)		851		107		958		—		958
Level 2:
Repurchase agreements		43,500		—		43,500		43,500		—
Total	$	80,072	$	107	$	80,179	$	79,221	$	958

(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. As of August 31, 2022, the cash surrender value of COLI was $5.5 million.