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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2021
May 31, 2020
Cash flows from operating activities:    
Net earnings $ 7,304 $ 4,185
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 2,543 2,444
Amortization of intangible assets 2,091 1,972
Gain from disposal of assets (277) (112)
Bad debt expense, net of recoveries 38 648
Stock based compensation 1,166 338
Net pension expense 398 577
Changes in operating assets and liabilities:    
Accounts receivable 2,148 9,271
Prepaid expenses and income taxes 209 1,517
Inventories (3,398) 600
Other assets (3,829)  
Accounts payable and accrued expenses 3,463 (6,514)
Other liabilities 31 (76)
Net cash provided by operating activities 11,887 14,850
Cash flows from investing activities:    
Capital expenditures (707) (1,125)
Proceeds from disposal of plant and property 825 136
Net cash provided by (used in) investing activities 118 (989)
Cash flows from financing activities:    
Dividends paid (5,866) (5,864)
Common stock repurchases   (423)
Net cash used in financing activities (5,866) (6,287)
Net change in cash 6,139 7,574
Cash at beginning of period 75,190 68,258
Cash at end of period $ 81,329 $ 75,832