v3.25.2
Financial Instruments (Tables)
3 Months Ended
May 31, 2025
Marketable Securities [Abstract]  
Schedule of Available-for-Sale Marketable Securities
Through our wholly-owned insurance subsidiary, Prism Assurance, Ltd. (Prism), we hold the following available-for-sale marketable securities, made up of fixed-maturity investments:
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated
Fair Value
May 31, 2025$9,963 $42 $186 $9,819 
March 1, 202510,148 33 222 9,959 
Schedule of Amortized Cost and Estimated Fair Values of Investments by Contractual Maturity
The amortized cost and estimated fair values of these investments at May 31, 2025, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities, as borrowers may have the right to call or prepay obligations with or without penalty. Investments that are due within one year are included in other current assets while those due after one year are included as other non-current assets. Gross realized gains and losses were insignificant for all periods presented.
(In thousands)Amortized CostEstimated Fair Value
Due within one year$5,384 $5,349 
Due after one year through five years4,579 4,470 
Total$9,963 $9,819 
Schedule of Fair Value Measurements
Financial assets and liabilities measured at fair value on a recurring basis were:
(In thousands)Quoted Prices in
Active Markets
(Level 1)
Other Observable Inputs (Level 2)Total Fair Value
May 31, 2025
Assets:
Money market funds$23,499 $— $23,499 
Municipal bonds— 9,819 9,819 
Foreign currency option contract— — — 
Interest rate swap contracts— 437 437 
Liabilities:
Interest rate swap contracts— 531 531 
March 1, 2025
Assets:
Money market funds$20,758 $— $20,758 
Municipal bonds— 9,959 9,959 
Foreign currency option contract— 29 29 
Interest rate swap contracts— 539 539 
Liabilities:
Interest rate swap contracts— 540 540