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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2018
May 31, 2017
Cash flows from operating activities:    
Net earnings $ 9,247 $ 7,784
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 2,035 1,996
Amortization of deferred finance charges 28 28
Amortization of intangible assets 1,415 1,525
(Gain) loss from disposal of assets (4) 15
Bad debt expense, net of recoveries 135 (166)
Stock based compensation 327 333
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 453 1,175
Prepaid expenses and income taxes 3,391 1,165
Inventories (3,505) (1,284)
Other assets   1
Accounts payable and accrued expenses (1,964) (543)
Other liabilities 3 (83)
Liability for pension benefits 329 400
Net cash provided by operating activities 11,890 12,346
Cash flows from investing activities:    
Capital expenditures (1,205) (731)
Purchase of businesses, net of cash acquired (4,736)  
Proceeds from disposal of plant and property 4 20
Net cash used in investing activities (5,937) (711)
Cash flows from financing activities:    
Dividends paid (5,083) (4,468)
Common stock repurchases (680) (3,310)
Net cash used in financing activities (5,763) (7,778)
Net change in cash 190 3,857
Cash at beginning of period 96,230 80,466
Cash at end of period $ 96,420 $ 84,323