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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Cash flows from operating activities:    
Net earnings $ 14,764 $ 10,606
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 5,132 4,897
Amortization of intangible assets 4,164 3,924
(Gain) loss from disposal of assets (276) (412)
Bad debt expense, net of recoveries 159 780
Stock based compensation 1,802 664
Net pension expense 797 1,155
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 221 8,783
Prepaid expenses and income taxes (84) (736)
Inventories (6,013) 1,519
Other assets (15) 1
Accounts payable and accrued expenses 4,296 (2,906)
Other liabilities (440) (121)
Net cash provided by operating activities 24,507 28,154
Cash flows from investing activities:    
Capital expenditures (2,108) (1,289)
Purchase of businesses, net of cash acquired (3,922) 0
Proceeds from disposal of plant and property 825 936
Net cash used in investing activities (5,205) (353)
Cash flows from financing activities:    
Dividends paid (12,391) (11,730)
Common stock repurchases 0 (423)
Net cash used in financing activities (12,391) (12,153)
Net change in cash 6,911 15,648
Cash at beginning of period 75,190 68,258
Cash at end of period $ 82,101 $ 83,906