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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Cash flows from operating activities:    
Net earnings $ 35,107 $ 22,327
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 7,766 7,752
Amortization of intangible assets 5,280 6,137
(Gain) loss from disposal of assets 15 (275)
Bad debt expense, net of recoveries 585 408
Stock based compensation 1,497 2,444
Net pension expense 1 945
Changes in operating assets and liabilities:    
Accounts receivable (5,898) (569)
Prepaid expenses and income taxes (487) (357)
Inventories (10,921) (6,227)
Other assets (570) (15)
Accounts payable and accrued expenses 1,471 2,090
Other liabilities 151 (365)
Net cash provided by operating activities 33,997 34,295
Cash flows from investing activities:    
Capital expenditures (3,338) (4,143)
Purchase of businesses, net of cash acquired (8,767) (4,340)
Proceeds from disposal of plant and property 0 825
Net cash used in investing activities (12,105) (7,658)
Cash flows from financing activities:    
Dividends paid (19,380) (18,916)
Common stock repurchases (1,118) (1,942)
Net cash used in financing activities (20,498) (20,858)
Net change in cash 1,394 5,779
Cash at beginning of period 85,606 75,190
Cash at end of period $ 87,000 $ 80,969