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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Cash flows from operating activities:    
Net earnings (loss) $ 30,891 $ (53,131)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation 8,452 7,815
Amortization of deferred finance charges 112 112
Amortization of trade names, customer lists, and patent 4,506 4,249
Impairment of goodwill and trademarks   93,324
Gain from disposal of assets (371) (19)
Bad debt expense 1,412 725
Stock based compensation 983 1,012
Deferred income taxes 25 (14,212)
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 7,039 2,379
Prepaid expenses 3,228 (1,563)
Inventories 20,807 6,055
Other assets 381 140
Accounts payable and accrued expenses 31 (1,435)
Other liabilities   127
Liability for pension benefits 1,655 820
Net cash provided by operating activities 79,151 46,398
Cash flows from investing activities:    
Capital expenditures (4,640) (1,624)
Purchase of businesses, net of cash acquired (331) (10,844)
Proceeds from disposal of plant and property 992 82
Net cash used in investing activities (3,979) (12,386)
Cash flows from financing activities:    
Borrowings on debt   11,000
Repayment of debt (61,500) (15,000)
Dividends (13,528) (13,689)
Purchase of treasury stock   (6,552)
Proceeds from exercise of stock options   54
Net cash used in financing activities (75,028) (24,187)
Effect of exchange rate changes on cash (1,780) (473)
Net change in cash (1,636) 9,352
Cash at beginning of period 15,346 5,316
Cash at end of period $ 13,710 $ 14,668