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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Cash flows from operating activities:    
Net earnings $ 20,995 $ 22,545
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 4,566 4,974
Amortization of intangible assets 3,864 3,867
Loss from disposal of assets 43 52
Amortization of discount on short-term investments (737) 0
Bad debt expense, net of recoveries 177 235
Stock based compensation 2,473 1,371
Net pension expense 992 959
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 4,639 7,449
Prepaid expenses and income taxes (1,042) (2,414)
Inventories 227 2,583
Cash paid to pension plan (1,200) 0
Other assets 0 62
Accounts payable and accrued expenses (77) (6,452)
Other liabilities 21 (297)
Net cash provided by operating activities 34,941 34,934
Cash flows from investing activities:    
Capital expenditures (3,618) (3,720)
Purchase of businesses, net of cash acquired (5,622) (11,932)
Purchase of short-term investments (10,093) 0
Maturity of short-term investments 17,500 0
Proceeds from disposal of plant and property 56 12
Net cash used in investing activities (1,777) (15,640)
Cash flows from financing activities:    
Dividends paid (12,956) (12,922)
Common stock repurchases (1,828) 0
Net cash used in financing activities (14,784) (12,922)
Net change in cash 18,380 6,372
Cash at beginning of period 81,597 93,968
Cash at end of period $ 99,977 $ 100,340