Fair Value Measurements and Derivatives (Tables)

6 Months Ended

Aug. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

The following table presents financial assets measured at fair value on a recurring basis at August 31, 2019:

				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash and cash equivalents:
Cash and money market funds	$	39,294		$	39,294	$	—
Derivatives:
Designated for hedging	$	(162	)	$	—	$	(162	)
Investment securities:
Mutual funds	$	2,518		$	2,518	$	—
Total investment securities	$	2,518		$	2,518	$	—

The following table presents financial assets and liabilities measured at fair value on a recurring basis at February 28, 2019:

			Fair Value Measurements at Reporting Date Using
	Total		Level 1		Level 2
Cash and cash equivalents:
Cash and money market funds	$	58,236	$	58,236	$	—
Derivatives:
Designated for hedging	$	88	$	—	$	88
Investment securities:
Mutual funds	$	2,858	$	2,858	$	—
Total investment securities	$	2,858	$	2,858	$	—

Fair Value, by Balance Sheet Grouping

The following table discloses the fair value as of August 31, 2019 and February 28, 2019 of derivative instruments:

	Derivative Assets and Liabilities
		Fair Value
	Account	August 31, 2019			February 28, 2019
Designated derivative instruments
Foreign currency contracts	Prepaid expenses and other current assets	$	261		$	172
Interest rate swap agreements	Other long-term liabilities		(423	)		(84	)
Total derivatives		$	(162	)	$	88

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

Activity related to cash flow hedges recorded during the three and six months ended August 31, 2019 and 2018 was as follows:

	Three months ended							Six months ended
	August 31, 2019							August 31, 2019
	Pretax Gain (Loss) Recognized in Other Comprehensive Income			Pretax Gain Reclassified from Accumulated Other Comprehensive Income		Gain (Loss) for Ineffectiveness		Pretax Gain (Loss) Recognized in Other Comprehensive Income			Pretax Gain Reclassified from Accumulated Other Comprehensive Income		Gain (Loss) for Ineffectiveness
Cash flow hedges
Foreign currency contracts	$	98		$	109	$	—	$	316		$	228	$	—
Interest rate swaps		(167	)		—		—		(339	)		—		—

	Three months ended							Six months ended
	August 31, 2018							August 31, 2018
	Pretax Gain Recognized in Other Comprehensive Income		Pretax Gain Reclassified from Accumulated Other Comprehensive Income		Loss for Ineffectiveness in Other Income (a)			Pretax Gain Recognized in Other Comprehensive Income		Pretax Loss Reclassified from Accumulated Other Comprehensive Income			Gain for Ineffectiveness in Other Income (a)
Cash flow hedges
Foreign currency contracts	$	56	$	21	$	(8	)	$	422	$	(214	)	$	25
Interest rate swaps		27		—		—			38		—			—

(a) Amount represents the ineffectiveness recorded in the prior year quarter. Prior to the adoption of ASU 2017-12, hedge ineffectiveness (as defined under ASC 815) was recorded in Other income (loss).