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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Cash flows from operating activities:    
Net earnings $ 10,606 $ 19,165
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 4,897 5,046
Amortization of deferred finance charges   47
Amortization of intangible assets 3,924 3,830
Gain from disposal of assets (412)  
Bad debt expense, net of recoveries 780 22
Stock based compensation 664 665
Net pension expense 1,155 590
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 8,783 1,097
Prepaid expenses and income taxes (736) 385
Inventories 1,519 (1,032)
Other assets 1 36
Accounts payable and accrued expenses (2,906) (1,966)
Other liabilities (121) (167)
Net cash provided by operating activities 28,154 27,718
Cash flows from investing activities:    
Capital expenditures (1,289) (1,531)
Purchase of businesses, net of cash acquired   (18,733)
Proceeds from disposal of plant and property 936  
Net cash used in investing activities (353) (20,264)
Cash flows from financing activities:    
Repayment of debt   (30,000)
Dividends paid (11,730) (11,751)
Common stock repurchases (423) (1,645)
Net cash used in financing activities (12,153) (43,396)
Net change in cash 15,648 (35,942)
Cash at beginning of period 68,258 88,442
Cash at end of period $ 83,906 $ 52,500