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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Cash flows from operating activities:    
Net earnings $ 23,821 $ 14,764
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 5,194 5,132
Amortization of intangible assets 3,513 4,164
Gain from disposal of assets 0 (276)
Bad debt expense, net of recoveries 393 159
Stock based compensation 936 1,802
Net pension expense 810 797
Changes in operating assets and liabilities:    
Accounts receivable (5,258) 221
Prepaid expenses and income taxes (215) (84)
Inventories (9,853) (6,013)
Other assets (426) (15)
Accounts payable and accrued expenses 2,805 4,296
Other liabilities 35 (440)
Net cash provided by operating activities 21,755 24,507
Cash flows from investing activities:    
Capital expenditures (1,801) (2,108)
Purchase of businesses, net of cash acquired 0 (3,922)
Proceeds from disposal of plant and property 0 825
Net cash (used in) provided by investing activities (1,801) (5,205)
Cash flows from financing activities:    
Dividends paid (12,921) (12,391)
Common stock repurchases (1,119) 0
Net cash used in financing activities (14,040) (12,391)
Net change in cash 5,914 6,911
Cash at beginning of period 85,606 75,190
Cash at end of period $ 91,520 $ 82,101