XML 35 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Nov. 30, 2013
Nov. 30, 2012
Cash flows from operating activities:    
Net earnings $ 27,656 $ 17,641
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 7,266 7,518
Amortization of deferred finance charges 112 112
Amortization of trade names, customer lists, and patent 2,815 2,483
Gain from disposal of assets (270) (6)
Bad debt expense 2,816 287
Stock based compensation 1,159 1,078
Deferred income taxes (1) 1
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 124 1,191
Prepaid expenses 2,707 517
Inventories (7,836) 18,753
Other assets 110 (53)
Accounts payable and accrued expenses 391 (10,145)
Other liabilities (39) (359)
Liability for pension benefits 1,561 1,617
Net cash provided by operating activities 38,571 40,635
Cash flows from investing activities:    
Capital expenditures (4,043) (1,725)
Purchase of businesses, net of cash acquired (61,857)  
Adjustment to purchase price of businesses acquired   3,737
Proceeds from disposal of plant and property 988 18
Net cash provided by (used in) investing activities (64,912) 2,030
Cash flows from financing activities:    
Borrowings on debt 63,000  
Repayment of debt (25,000) (30,000)
Dividends (9,175) (13,711)
Purchase of treasury stock (2) (2)
Proceeds from exercise of stock options 89 35
Net cash provided by (used in) financing activities 28,912 (43,678)
Effect of exchange rate changes on cash (287) (163)
Net change in cash 2,284 (1,176)
Cash at beginning of period 6,232 10,410
Cash at end of period $ 8,516 $ 9,234