Fair Value Measurements and Derivatives (Tables)

3 Months Ended

May 31, 2021

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured on Recurring Basis

The following table presents financial assets and liabilities measured at fair value on a recurring basis at May 31, 2021:

				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash and cash equivalents:
Cash and money market funds	$	36,710		$	36,710	$	—
Derivatives:
Designated for hedging	$	(646	)	$	—	$	(646	)
Investment securities:
Mutual funds	$	1,685		$	1,685	$	—

The following table presents financial assets and liabilities measured at fair value on a recurring basis at February 28, 2021:

				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash and cash equivalents:
Cash and money market funds	$	59,404		$	59,404	$	—
Derivatives:
Designated for hedging	$	(765	)	$	—	$	(765	)
Investment securities:
Mutual funds	$	1,777		$	1,777	$	—

Fair Value, by Balance Sheet Grouping

The following table discloses the fair value as of May 31, 2021 and February 28, 2021 of the Company’s derivative instruments:

	Derivative Assets and Liabilities
		Fair Value
	Account	May 31, 2021			February 28, 2021
Designated derivative instruments
Foreign currency contracts	Prepaid expenses and other current assets	$	542		$	412
	Accrued expenses and other current liabilities		(760	)		(731	)
Interest rate swap agreement	Other long-term liabilities		(428	)		(446	)
Total derivatives		$	(646	)	$	(765	)

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

Activity related to cash flow hedges recorded during the three months ended May 31, 2021 and 2020 was as follows:

	Three months ended
	May 31, 2021
	Pretax Gain (Loss) Recognized in Other Comprehensive Income			Pretax Loss Reclassified from Accumulated Other Comprehensive Income
Cash flow hedges
Foreign currency contracts	$	(28	)	$	(176	)
Interest rate swaps		18			—

	Three months ended
	May 31, 2020
	Pretax Loss Recognized in Other Comprehensive Income			Pretax Gain Reclassified from Accumulated Other Comprehensive Income
Cash flow hedges
Foreign currency contracts	$	—		$	68
Interest rate swaps		(130	)		—