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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Cash flows from operating activities:    
Net earnings $ 18,969 $ 29,718
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 7,289 7,834
Amortization of deferred finance charges   47
Amortization of intangible assets 5,978 5,798
(Gain) loss from disposal of assets (571) 4
Bad debt expense, net of recoveries 933 (68)
Stock based compensation 933 1,018
Net pension expense 1,732 886
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 8,354 (151)
Prepaid expenses and income taxes (971) 256
Inventories 2,836 1,535
Other assets 1 42
Accounts payable and accrued expenses (4,561) (2,387)
Other liabilities (143) (99)
Net cash provided by operating activities 40,779 44,433
Cash flows from investing activities:    
Capital expenditures (2,541) (2,738)
Purchase of businesses, net of cash acquired   (18,733)
Proceeds from disposal of plant and property 1,698 2
Net cash used in investing activities (843) (21,469)
Cash flows from financing activities:    
Repayment of debt   (30,000)
Dividends paid (17,601) (17,622)
Common stock repurchases (1,235) (2,471)
Net cash used in financing activities (18,836) (50,093)
Net change in cash 21,100 (27,129)
Cash at beginning of period 68,258 88,442
Cash at end of period $ 89,358 $ 61,313