Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

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Stockholders' Equity
 6 Months Ended
Aug. 31, 2016
Stockholders' Equity Attributable to Parent [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY:

In April 2012, our Board of Directors authorized the repurchase of up to $1.0 billion of our Class A Common Stock and Class B Convertible Common Stock (the “2013 Authorization”). The Board of Directors did not specify a date upon which this authorization would expire. Shares repurchased under the 2013 Authorization have become treasury shares.

For the six months ended August 31, 2016, we repurchased 34,500 shares of Class A Common Stock pursuant to the 2013 Authorization at an aggregate cost of $5.5 million through open market transactions. Additionally, we entered into a trading plan under Rule 10b5-1 effective for repurchases on and after August 31, 2016, through October 7, 2016. Subsequent to August 31, 2016, we repurchased 133,311 shares of Class A Common Stock at an aggregate cost of $21.9 million through open market transactions.

As of October 5, 2016, total shares repurchased under the 2013 Authorization are as follows:
 
 
 
Class A Common Shares
 
Repurchase Authorization
 
Dollar Value of Shares Repurchased
 
Number of Shares Repurchased
(in millions, except share data)
 
 
 
 
 
2013 Authorization
$
1,000.0

 
$
357.9

 
14,437,939