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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2018
Nov. 30, 2017
Cash flows from operating activities:    
Net earnings $ 29,233 $ 24,598
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 6,754 6,016
Amortization of deferred finance charges 85 85
Amortization of intangible assets 5,251 4,566
(Gain) loss from disposal of assets (199) 59
Bad debt expense, net of recoveries 475 (231)
Stock based compensation 1,036 1,002
Deferred income taxes   (1)
Net periodic benefit cost 988 1,200
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 12 (810)
Prepaid expenses and income taxes 3,007 90
Inventories (6,411) 247
Other assets 11 67
Accounts payable and accrued expenses (3,374) (3,418)
Other liabilities (201) 348
Net cash provided by operating activities 36,667 33,818
Cash flows from investing activities:    
Capital expenditures (3,778) (2,092)
Purchase of businesses, net of cash acquired (27,389) (1,350)
Proceeds from disposal of plant and property 312 36
Net cash used in investing activities (30,855) (3,406)
Cash flows from financing activities:    
Dividends paid (16,733) (14,635)
Common stock repurchases (4,560) (3,313)
Proceeds from exercise of stock options 69  
Net cash used in financing activities (21,224) (17,948)
Net change in cash (15,412) 12,464
Cash at beginning of period 96,230 80,466
Cash at end of period $ 80,818 $ 92,930