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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Cash flows from operating activities:    
Net earnings $ 31,199 $ 32,451
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 6,703 7,465
Amortization of intangible assets 5,807 5,830
(Gain) loss from disposal of assets (95) 53
Amortization of discount on short-term investments (944) (102)
Bad debt expense, net of recoveries 152 373
Stock based compensation 3,350 2,055
Net pension expense 1,488 1,439
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 8,147 8,228
Prepaid expenses and income taxes (1,001) (4,126)
Inventories 2,484 6,828
Cash paid to pension plan (1,200) 0
Other assets 0 81
Accounts payable and accrued expenses (2,365) (7,763)
Other liabilities (628) (312)
Net cash provided by operating activities 53,097 52,500
Cash flows from investing activities:    
Capital expenditures (4,250) (4,884)
Purchase of businesses, net of cash acquired (5,537) (19,907)
Purchase of short-term investments (10,093) (18,393)
Maturity of short-term investments 27,500 0
Proceeds from disposal of plant and property 299 9
Net cash provided by (used in) investing activities 7,919 (43,175)
Cash flows from financing activities:    
Dividends paid (85,255) (19,391)
Common stock repurchases (1,828) 0
Proceeds from exercise of stock options 174 0
Net cash used in financing activities (86,909) (19,391)
Net change in cash (25,893) (10,066)
Cash at beginning of period 81,597 93,968
Cash at end of period $ 55,704 $ 83,902