XML 19 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Cash flows from operating activities:    
Net earnings (loss) $ 24,598 $ (4,354)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation 6,016 5,944
Amortization of deferred finance charges 85 36
Amortization of intangible assets 4,566 3,494
Pre-tax loss from discontinued operations   36,775
Operating cash flows of discontinued operations   538
(Gain) loss from disposal of assets 59 266
Bad debt expense, net of recoveries (231) 118
Stock based compensation 1,002 1,019
Deferred income taxes (1)  
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable (810) 1,426
Prepaid expenses and income taxes 90 (1,620)
Inventories 247 722
Other assets 67 (593)
Accounts payable and accrued expenses (3,418) (3,121)
Other liabilities 348 (7)
Liability for pension benefits 1,200 1,917
Net cash provided by operating activities 33,818 42,560
Cash flows from investing activities:    
Capital expenditures (2,092) (1,912)
Purchase of businesses, net of cash acquired (1,350) (907)
Proceeds from sale of discontinued operations   107,354
Investing cash flows of discontinued operations   (279)
Proceeds from disposal of plant and property 36 663
Net cash provided by (used in) investing activities (3,406) 104,919
Cash flows from financing activities:    
Repayment of debt   (10,000)
Dividends paid (14,635) (52,724)
Common stock repurchases (3,313) (7,757)
Proceeds from exercise of stock options   2,910
Net cash used in financing activities (17,948) (67,571)
Net change in cash and cash equivalents 12,464 79,908
Cash and cash equivalents at beginning of period 80,466 7,957
Cash and cash equivalents at end of period $ 92,930 $ 87,865