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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2017
May 31, 2016
Cash flows from operating activities:    
Net earnings (loss) $ 7,784 $ (16,878)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation 1,996 1,983
Amortization of deferred finance charges 28  
Amortization of intangibles 1,525 1,159
Pre-tax loss on sale of discontinued operations   36,775
Operating cash flows of discontinued operations   538
Loss from disposal of assets 15 6
Bad debt expense, net of recoveries (166) 2
Stock based compensation 333 339
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 1,175 565
Prepaid expenses and income taxes 1,165 (7,576)
Inventories (1,284) 124
Other assets 1 6
Accounts payable and accrued expenses (543) (2,649)
Other liabilities (83) 14
Liability for pension benefits 400 639
Net cash provided by operating activities 12,346 15,047
Cash flows from investing activities:    
Capital expenditures (731) (428)
Purchase of businesses, net of cash acquired   (617)
Proceeds from sale of discontinued operations   107,354
Investing cash flows of discontinued operations   (279)
Proceeds from disposal of plant and property 20 7
Net cash provided by (used in) investing activities (711) 106,037
Cash flows from financing activities:    
Repayment of debt   (5,000)
Dividends (4,468) (4,530)
Purchase of treasury stock (3,310)  
Proceeds from exercise of stock options   2,910
Net cash used in financing activities (7,778) (6,620)
Net change in cash 3,857 114,464
Cash at beginning of period 80,466 7,957
Cash at end of period $ 84,323 $ 122,421