Fair Value Measurements and Derivatives (Tables)

9 Months Ended

Nov. 30, 2020

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 November 30, 2020:

				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash and cash equivalents:
Cash and money market funds	$	21,337		$	21,337	$	—
Derivatives:
Designated for hedging	$	(1,026	)	$	—	$	(1,026	)
Investment securities:
Mutual funds	$	1,827		$	1,827	$	—
Total investment securities	$	1,827		$	1,827	$	—

The following table presents financial assets and liabilities measured at fair value on a recurring basis at February 29, 2020:

				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash and cash equivalents:
Cash and money market funds	$	37,425		$	37,425	$	—
Derivatives:
Designated for hedging	$	(476	)	$	—	$	(476	)
Investment securities:
Mutual funds	$	2,282		$	2,282	$	—
Total investment securities	$	2,282		$	2,282	$	—

Fair Value, by Balance Sheet Grouping

The following table discloses the fair value as of November 30, 2020 and February 29, 2020 of the Company’s derivative instruments:

	Derivative Assets and Liabilities
		Fair Value
	Account	November 30, 2020			February 29, 2020
Designated derivative instruments
Foreign currency contracts	Prepaid expenses and other current assets	$	236		$	—
	Accrued expenses and other current liabilities		(710	)		—
Interest rate swap agreement	Other long-term liabilities		(552	)		(476	)
Total derivatives		$	(1,026	)	$	(476	)

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

Activity related to cash flow hedges recorded during the three and nine months ended November 30, 2020 and 2019 was as follows:

	Three months ended						Nine months ended
	November 30, 2020						November 30, 2020
	Pretax Gain (Loss) Recognized in Other Comprehensive Income			Pretax Loss Reclassified from Accumulated Other Comprehensive Income			Pretax Loss Recognized in Other Comprehensive Income			Pretax Loss Reclassified from Accumulated Other Comprehensive Income
Cash flow hedges
Foreign currency contracts	$	(242	)	$	(121	)	$	(707	)	$	(69	)
Interest rate swaps		39			—			(76	)		—

	Three months ended				Nine months ended
	November 30, 2019				November 30, 2019
	Pretax Gain Recognized in Other Comprehensive Income		Pretax Gain Reclassified from Accumulated Other Comprehensive Income		Pretax Gain (Loss) Recognized in Other Comprehensive Income			Pretax Gain Reclassified from Accumulated Other Comprehensive Income
Cash flow hedges
Foreign currency contracts	$	41	$	134	$	357		$	362
Interest rate swaps		79		—		(260	)		—