7. OTHER ASSETS: The major components of other assets are as follows: The Company’s investment in marketable equity securities is classified as an available-for-sale security. As such, gross unreal- ized losses of $0.6 million are included, net of applicable income taxes, within AOCI as of February 29, 2004. The Company uses the average cost method as its basis on which cost is determined in computing realized gains or losses. Realized gains on sales of securities during the year ended February 29, 2004, are immaterial. Amortization expense for other assets was included in selling, general and administrative expenses and was $19.3 million, $3.7 million and $4.0 million for the years ended February 29, 2004, February 28, 2003, and February 28, 2002, respectively. Amortization expense for the year ended February 29, 2004, includes $7.9 million related to amortization of the deferred financing costs associated with the Bridge Loans (as defined in Note 10). As of February 29, 2004, the deferred financing costs asso- ciated with the Bridge Loans have been fully amortized. On March 27, 2003, as part of the Hardy Acquisition, the Company acquired the remaining 50% ownership of PWP, the joint venture formed on July 31, 2001, which was previously owned equally by the Company and Hardy. Prior to March 27, 2003, the Company’s investment was accounted for under the equity method. Since the Hardy Acquisition, PWP has become a wholly-owned subsidiary of the Company and its results of operations have been included in the Consolidated Statements of Income since March 27, 2003. In addition, in connection with the Hardy Acquisition, the Company acquired several investments which are being accounted for under the equity method. The majority of these investments consist of 50% owned joint venture arrangements. As of February 29, 2004, the Company’s investment balance in these equity investments was $8.4 million. The major components of other accrued expenses and liabilities are as follows: 8.  INVESTMENT IN JOINT VENTURE: 9.  OTHER ACCRUED EXPENSES AND LIABILITIES: February 29, February 28, 2004 2003 (in thousands) Deferred financing costs $ 54,186 $ 28,555 Derivative assets 41,517 – Investment in marketable equity securities 14,945 – Investment in joint ventures 8,412 123,064 Other 7,454 18,418 126,514 170,037 Less – Accumulated amortization (22,289) (10,928) $ 104,225 $ 159,109 February 29, February 28, 2004 2003 (in thousands) Advertising and promotions $ 132,821 $ 63,155 Income taxes payable 57,065 58,347 Salaries and commissions 49,834 35,769 Adverse grape contracts 40,105 10,244 Interest 25,470 22,019 Other 136,714 114,293 $ 442,009 $ 303,827 54