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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2016
May 31, 2015
Cash flows from operating activities:    
Net earnings (loss) $ (16,878) $ 9,171
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation 1,983 1,813
Amortization of trade names, customer lists, and patent 1,159 1,125
Pre-tax loss on sale of discontinued operations 36,775  
Operating cash flows of discontinued operations 538 11,323
(Gain) loss from disposal of assets 6 (2)
Bad debt expense (recovery) (19) 207
Stock based compensation 339 332
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 586 3,789
Prepaid expenses and income taxes (7,576) 2,217
Inventories 124 (581)
Other assets 6 219
Accounts payable and accrued expenses (2,649) 126
Other liabilities 14 (293)
Liability for pension benefits 639 552
Net cash provided by operating activities 15,047 29,998
Cash flows from investing activities:    
Capital expenditures (428) (1,176)
Purchase of businesses, net of cash acquired (617)  
Proceeds from sale of discontinued operations 107,354  
Investing cash flows of discontinued operations (279) (43)
Proceeds from disposal of plant and property 7 16
Net cash provided by (used in) investing activities 106,037 (1,203)
Cash flows from financing activities:    
Repayment of debt (5,000) (17,530)
Dividends (4,530) (4,496)
Financing cash flows of discontinued operations   (3,470)
Proceeds from exercise of stock options 2,910  
Net cash used in financing activities (6,620) (25,496)
Effect of exchange rate changes on cash   (332)
Net change in cash 114,464 2,967
Cash at beginning of period 7,957 13,357
Cash at end of period $ 122,421 $ 16,324