XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Feb. 28, 2023
Cash flows from operating activities:      
Net earnings $ 40,222 $ 42,597 $ 47,300
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 8,843 9,863 10,180
Amortization of intangible assets 7,726 7,649 7,176
(Loss) gain from disposal of assets (58) 53 (5,896)
Accrued interest on short-term investments (1,057) (431) 0
Bad debt expense, net of recoveries 228 693 663
Stock based compensation 3,976 1,173 2,791
Deferred income taxes (1,994) (2,153) (1,801)
Net pension expense 1,982 1,919 2,894
Cash Paid to Pension Plan (1,200) (1,200) (2,000)
Changes in operating assets and liabilities, net of the effects of acquisitions:      
Accounts receivable 9,567 8,836 (9,245)
Prepaid expenses and income taxes 499 (271) (370)
Inventories 3,066 9,116 (7,780)
Other assets (4,376) 120 (563)
Accounts payable and accrued expenses (882) (8,599) 3,334
Other liabilities (687) (296) 93
Net cash provided by operating activities 65,855 69,069 46,776
Cash flows from investing activities:      
Capital expenditures (5,889) (6,500) (4,332)
Purchase of businesses, net of cash acquired (6,187) (19,609) (8,767)
Purchase of investment securities (10,093) (31,394) 0
Maturity of investment securities 35,000 2,500 0
Proceeds from disposal of plant and property 369 9 1,642
Net cash used in investing activities 13,200 (54,994) (11,457)
Cash flows from financing activities:      
Dividends paid (91,988) (25,860) (25,839)
Common stock repurchases (1,837) (586) (1,118)
Proceeds from exercise of stock options 173 0 0
Net cash used in financing activities (93,652) (26,446) (26,957)
Net change in cash (14,597) (12,371) 8,362
Cash and cash equivalents at beginning of year 81,597 93,968 85,606
Cash and cash equivalents at end of year $ 67,000 $ 81,597 $ 93,968