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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Cash flows from operating activities:    
Net earnings $ 22,327 $ 18,969
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 7,752 7,289
Amortization of intangible assets 6,137 5,978
Gain from disposal of assets (275) (571)
Bad debt expense, net of recoveries 408 933
Stock based compensation 2,444 933
Net pension expense 945 1,732
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable (569) 8,354
Prepaid expenses and income taxes (357) (971)
Inventories (6,227) 2,836
Other assets (15) 1
Accounts payable and accrued expenses 2,090 (4,561)
Other liabilities (365) (143)
Net cash provided by operating activities 34,295 40,779
Cash flows from investing activities:    
Capital expenditures (4,143) (2,541)
Purchase of businesses, net of cash acquired (4,340) 0
Proceeds from disposal of plant and property 825 1,698
Net cash used in investing activities (7,658) (843)
Cash flows from financing activities:    
Dividends paid (18,916) (17,601)
Common stock repurchases (1,942) (1,235)
Net cash used in financing activities (20,858) (18,836)
Net change in cash and cash equivalents 5,779 21,100
Cash and cash equivalents at beginning of period 75,190 68,258
Cash and cash equivalents at end of period $ 80,969 $ 89,358