XML 76 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Feb. 28, 2014
Feb. 28, 2013
Feb. 29, 2012
OPERATING ACTIVITIES:      
Net income $ 50,522 $ 49,918 $ 57,198
Adjustments to reconcile net income to cash flows from operating activities:      
Goodwill impairment 733   27,154
Stock-based compensation 8,091 10,743 10,982
Net gain on dispositions     (4,500)
Net loss (gain) on disposal of fixed assets 560 631 (461)
Loss on extinguishment of debt     30,812
Depreciation and Intangible Assets Amortization 55,283 49,405 43,666
Provision for doubtful accounts 368 16,064 4,776
Clinton Cards secured debt (recovery) impairment (4,910) 8,106   
Deferred income taxes 22,615 27,530 15,391
Gain related to Party City investment (3,262) (4,293)  
Other non-cash charges 6,783 1,198 3,034
Changes in operating assets and liabilities, net of acquisitions and dispositions:      
Trade accounts receivable 8,359 (9,820) 4,495
Inventories (6,761) (31,558) (23,321)
Other current assets 15,691 (23,404) 7,004
Income taxes 21,151 (18,607) (11,411)
Deferred costs - net (22,209) 27,069 (31,254)
Accounts payable and other liabilities 2,046 58,586 (13,560)
Other - net 5,014 1,196 3,797
Total Cash Flows From Operating Activities 160,074 162,764 123,802
INVESTING ACTIVITIES:      
Property, plant and equipment additions (54,097) (114,149) (78,207)
Cash payments for business acquisitions, net of cash acquired   621 (5,899)
Proceeds from sale of fixed assets 1,652 853 9,310
Proceeds related to Party City investment 12,105 6,061  
Proceeds from Clinton Cards administration 7,644    
Purchase of Clinton Cards debt   (56,560)  
Proceeds from sale of intellectual properties     4,500
Total Cash Flows From Investing Activities (32,696) (163,174) (70,296)
FINANCING ACTIVITIES:      
Proceeds from revolving line of credit and long-term borrowings 385,736 543,150 225,000
Repayments on revolving line of credit and long-term borrowings (442,436) (481,950) (263,787)
Proceeds from term loan 339,250    
Repayments on term loan (10,000)    
Issuance, exercise or settlement of share-based payment awards (4,487) (2,648) 10,153
Tax benefit from share-based payment awards 279 364 3,468
Contribution from parent 240,000    
Purchase of treasury shares   (80,991) (82,459)
Payments to shareholders to effect merger (568,303)    
Dividends to shareholders (85,034) (19,927) (23,893)
Financing fees (8,045)   (5,391)
Total Cash Flows From Financing Activities (153,040) (42,002) (136,909)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 3,566 (3,967) 3
DECREASE IN CASH AND CASH EQUIVALENTS (22,096) (46,379) (83,400)
Cash and Cash Equivalents at Beginning of Year 86,059 132,438 215,838
Cash and Cash Equivalents at End of Year $ 63,963 $ 86,059 $ 132,438