Fair Value (Tables)

3 Months Ended

May 31, 2025

The following table presents the fair value of our financial assets and liabilities:


	Fair Value
(in thousands)	May 31, 2025		February 28, 2025
Assets:
Cash equivalents (money market accounts)	$	3,265	$	3,852
U.S. Treasury Bills	11,380		11,268
Interest rate swaps	2,529		1,065
Foreign currency derivatives	266		2,163
Total assets	$	17,440	$	18,348

Liabilities:

Interest rate swaps	$	—	$	221
Contingent consideration	4,100		4,100
Foreign currency derivatives	7,356		119
Total liabilities	$	11,456	$	4,440

The following table presents the remaining carrying value of the assets that were remeasured to fair value on a non-recurring basis:


			Fair Value Measurements						Fiscal 2026 Asset Impairment Charges
(in thousands)	May 31, 2025		Level 1		Level 2		Level 3
Goodwill	$	861,786	$	—	$	—	$	861,786	$	316,955
Indefinite-lived intangible assets	317,600		—		—		317,600		48,000
Definite-lived intangible assets	148,582		—		—		148,582		49,430
Total	$	1,327,968	$	—	$	—	$	1,327,968	$	414,385