Balance Sheet Information (Tables)
|
3 Months Ended |
May 31, 2016 |
|---|
| Balance Sheet Information [Abstract] |
|
| Cash and Cash Equivalents |
The following table summarizes our cash and cash equivalents by category (in thousands): | | | | | | | | | | As of May 31, 2016 | | As of February 29, 2016 | Cash | $ | 70,678 |
| | $ | 60,252 |
| Money market funds | 56,304 |
| | 58,402 |
| | $ | 126,982 |
| | $ | 118,654 |
|
|
| Marketable Securities |
The following tables summarize our marketable securities by category (in thousands): | | | | | | | | | | | | | | | | | | As of May 31, 2016 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | Asset-backed securities | $ | 4,849 |
| | $ | 19 |
| | $ | — |
| | $ | 4,868 |
| Corporate debt securities | 20,910 |
| | 26 |
| | (20 | ) | | 20,916 |
| Equity securities | 1,596 |
| | 709 |
| | — |
| | 2,305 |
| Foreign government bonds | 201 |
| | — |
| | — |
| | 201 |
| Mortgage-backed securities | 1,812 |
| | 1 |
| | (5 | ) | | 1,808 |
| U.S. government agency securities | 6,189 |
| | 6 |
| | (29 | ) | | 6,166 |
| U.S. government notes | 3,453 |
| | 12 |
| | (2 | ) | | 3,463 |
| | $ | 39,010 |
| | $ | 773 |
| | $ | (56 | ) | | $ | 39,727 |
| | | | | | | | | | As of February 29, 2016 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | Asset-backed securities | $ | 4,717 |
| | $ | 9 |
| | $ | (3 | ) | | $ | 4,723 |
| Corporate debt securities | 19,135 |
| | 11 |
| | (22 | ) | | 19,124 |
| Equity securities | 3,095 |
| | 380 |
| | — |
| | 3,475 |
| Foreign government bonds | 205 |
| | — |
| | — |
| | 205 |
| Mortgage-backed securities | 2,341 |
| | — |
| | (13 | ) | | 2,328 |
| U.S. government agency securities | 2,242 |
| | 6 |
| | (14 | ) | | 2,234 |
| U.S. government notes | 4,279 |
| | 26 |
| | — |
| | 4,305 |
| | $ | 36,014 |
| | $ | 432 |
| | $ | (52 | ) | | $ | 36,394 |
|
|
| Summary of Securities with Gross Unrealized Loss Positions and Fair Values |
The following tables present gross unrealized losses and fair values for those marketable securities that were in an unrealized loss position aggregated by investment category and the length of time that individual securities have been in a continuous loss position (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | As of May 31, 2016 | | Less Than 12 Months | | 12 Months or Greater | | Total | | Fair
Value | | Unrealized
Losses | | Fair Value | | Unrealized
Losses | | Fair Value | | Unrealized
Losses | Corporate debt securities | $ | 10,924 |
| | $ | (20 | ) | | $ | — |
| | $ | — |
| | $ | 10,924 |
| | $ | (20 | ) | Mortgage-backed securities | 1,345 |
| | (3 | ) | | 234 |
| | (2 | ) | | 1,579 |
| | (5 | ) | U.S. government agency securities | 5,332 |
| | (27 | ) | | 249 |
| | (2 | ) | | 5,581 |
| | (29 | ) | U.S. government notes | 570 |
| | (2 | ) | | — |
| | — |
| | 570 |
| | (2 | ) | | $ | 18,171 |
| | $ | (52 | ) | | $ | 483 |
| | $ | (4 | ) | | $ | 18,654 |
| | $ | (56 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | As of February 29, 2016 | | Less Than 12 Months | | 12 Months or Greater | | Total | | Fair
Value | | Unrealized
Losses | | Fair Value | | Unrealized
Losses | | Fair Value | | Unrealized
Losses | Asset-backed securities | $ | 1,788 |
| | $ | (3 | ) | | $ | — |
| | $ | — |
| | $ | 1,788 |
| | $ | (3 | ) | Corporate debt securities | 12,088 |
| | (22 | ) | | — |
| | — |
| | 12,088 |
| | (22 | ) | Mortgage-backed securities | 1,746 |
| | (8 | ) | | 385 |
| | (5 | ) | | 2,131 |
| | (13 | ) | U.S. government agency securities | 887 |
| | (10 | ) | | 622 |
| | (4 | ) | | 1,509 |
| | (14 | ) | | $ | 16,509 |
| | $ | (43 | ) | | $ | 1,007 |
| | $ | (9 | ) | | $ | 17,516 |
| | $ | (52 | ) |
|
| Summary of Estimated Fair Value of Investments in Marketable Debt Securities |
The following table summarizes the estimated fair value of our investments in marketable debt securities by contractual maturities (in thousands): | | | | | | As of May 31, 2016 | Due in 1 year | $ | 10,432 |
| Due in 1 year through 5 years | 22,147 |
| Due in 5 years through 10 years | 1,372 |
| Due after 10 years | 3,471 |
| | $ | 37,422 |
|
|
| Summary of Assets or Liabilities Measured at Fair Value |
Financial assets measured at fair value on a recurring basis are summarized below (in thousands): | | | | | | | | | | | | | | | | | | As of May 31, 2016 | | Level 1 | | Level 2 | | Level 3 | | Total | Cash equivalents: | | | | | | | | Money market funds | $ | 56,304 |
| | $ | — |
| | $ | — |
| | $ | 56,304 |
| Marketable securities: | | | | | | | | Asset-backed securities | $ | — |
| | $ | 4,868 |
| | $ | — |
| | $ | 4,868 |
| Corporate debt securities | $ | — |
| | $ | 20,916 |
| | $ | — |
| | $ | 20,916 |
| Equity securities | $ | 2,305 |
| | $ | — |
| | $ | — |
| | $ | 2,305 |
| Foreign government bonds | $ | — |
| | $ | 201 |
| | $ | — |
| | $ | 201 |
| Mortgage-backed securities | $ | — |
| | $ | 1,808 |
| | $ | — |
| | $ | 1,808 |
| U.S. government agency securities | $ | — |
| | $ | 6,166 |
| | $ | — |
| | $ | 6,166 |
| U.S. government notes | $ | — |
| | $ | 3,463 |
| | $ | — |
| | $ | 3,463 |
| Other accrued liabilities (current): | | | | | | | | Contingent consideration | $ | — |
| | $ | — |
| | $ | 1,160 |
| | $ | 1,160 |
| Other long-term liabilities: | | | | | | | | Contingent consideration | $ | — |
| | $ | — |
| | $ | 161 |
| | $ | 161 |
| | | | | | | | | | As of February 29, 2016 | | Level 1 | | Level 2 | | Level 3 | | Total | Cash equivalents: | | | | | | | | Money market funds | $ | 58,402 |
| | $ | — |
| | $ | — |
| | $ | 58,402 |
| Marketable securities: | | | | | | | | Asset-backed securities | $ | — |
| | $ | 4,723 |
| | $ | — |
| | $ | 4,723 |
| Corporate debt securities | $ | — |
| | $ | 19,124 |
| | $ | — |
| | $ | 19,124 |
| Equity securities | $ | 3,475 |
| | $ | — |
| | $ | — |
| | $ | 3,475 |
| Foreign government bonds | $ | — |
| | $ | 205 |
| | $ | — |
| | $ | 205 |
| Mortgage-backed securities | $ | — |
| | $ | 2,328 |
| | $ | — |
| | $ | 2,328 |
| U.S. government agency securities | $ | — |
| | $ | 2,234 |
| | $ | — |
| | $ | 2,234 |
| U.S. government notes | $ | — |
| | $ | 4,305 |
| | $ | — |
| | $ | 4,305 |
| Other accrued liabilities (current): | | | | | | | | Contingent consideration | $ | — |
| | $ | — |
| | $ | 1,160 |
| | $ | 1,160 |
| Other long-term liabilities: | | | | | | | | Contingent consideration | $ | — |
| | $ | — |
| | $ | 161 |
| | $ | 161 |
|
|
| Inventories, Net |
Inventories, net consisted of the following (in thousands): | | | | | | | | | | As of May 31, 2016 | | As of February 29, 2016 | Raw materials | $ | 3,098 |
| | $ | 2,459 |
| Finished goods | 3,313 |
| | 3,659 |
| Reserves | (400 | ) | | (470 | ) | | $ | 6,011 |
| | $ | 5,648 |
|
|
| Deferred Costs |
Deferred costs consisted of the following (in thousands): | | | | | | | | | | As of May 31, 2016 | | As of February 29, 2016 | Appliance | $ | 40,960 |
| | $ | 41,548 |
| Commissions | 18,101 |
| | 17,414 |
| | $ | 59,061 |
| | $ | 58,962 |
|
|
| Property and Equipment, Net |
Property and equipment, net consisted of the following (in thousands): | | | | | | | | | | As of May 31, 2016 | | As of February 29, 2016 | Land | $ | 9,822 |
| | $ | 9,578 |
| Building | 6,549 |
| | 6,549 |
| Computer hardware and software | 28,103 |
| | 26,450 |
| Vehicles, machinery and equipment | 4,709 |
| | 4,711 |
| Leasehold improvements | 4,463 |
| | 4,401 |
| | 53,646 |
| | 51,689 |
| Accumulated depreciation and amortization | (22,178 | ) | | (19,779 | ) | | $ | 31,468 |
| | $ | 31,910 |
|
|
| Components of Accumulated Other Comprehensive Income (Loss), Net of Tax |
The components of accumulated other comprehensive income (loss) ("AOCI"), net of tax, were as follows (in thousands): | | | | | | | | | | | | | | Foreign Currency Translation Adjustments | | Unrealized Gains (Losses) on Available-for- Sale Investments | | Total | Balance as of February 29, 2016 | $ | (4,894 | ) | | $ | 385 |
| | $ | (4,509 | ) | Other comprehensive income before reclassifications | 334 |
| | 610 |
| | 944 |
| Amounts reclassified from AOCI | — |
| | (273 | ) | | (273 | ) | Other comprehensive income | 334 |
| | 337 |
| | 671 |
| Balance as of May 31, 2016 | $ | (4,560 | ) | | $ | 722 |
| | $ | (3,838 | ) |
|