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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
May 31, 2020
May 31, 2019
Cash provided by operating activities:    
Net income $ 60,286 $ 40,694
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,140 7,767
Amortization of financing costs 267 255
Non-cash operating lease asset amortization 298 654
Provision for doubtful receivables 1,738 54
Non-cash share-based compensation 9,291 7,604
Loss on the sale or disposal of property and equipment 6 0
Deferred income taxes and tax credits 2,274 1,941
Changes in operating capital, net of effects of acquisition of businesses:    
Receivables 13,516 17,715
Inventories (16,017) (33,005)
Prepaid expenses and other current assets 1,490 (9,282)
Other assets and liabilities, net (2,647) 9,138
Accounts payable 40,963 (4,500)
Accrued expenses and other current liabilities (16,010) (22,842)
Accrued income taxes (11,769) (517)
Net cash provided by operating activities 92,826 15,676
Cash used by investing activities:    
Capital and intangible asset expenditures (6,451) (3,718)
Net cash used by investing activities (6,451) (3,718)
Cash used by financing activities:    
Proceeds from line of credit 765,200 165,300
Repayment of line of credit (774,200) (163,300)
Repayment of long-term debt (1,900) (1,900)
Payment of financing costs (3,789) 0
Proceeds from share issuances under share-based compensation plans 2,377 3,234
Payments for Repurchase of Common Stock (10,013) (8,788)
Net cash used by financing activities (22,325) (5,454)
Net increase in cash and cash equivalents 64,050 6,504
Cash and cash equivalents, beginning balance 24,467 11,871
Cash and cash equivalents, ending balance 88,517 18,375
Supplemental non-cash items not included above resulting from the adoption of ASC 842    
Initial recognition of operating lease asset 0 (37,082)
Initial recognition of lease liabilities 45,089 47,223
Accrued expenses and other current liabilities 0 (2,873)
Other assets and liabilities, net 0 (7,311)
Prepaid expenses and other current assets $ 0 $ 43