XML 15 R8.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2025
May 31, 2024
Cash flows from operating activities:    
Net earnings $ 9,799 $ 10,687
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 2,239 2,314
Amortization of intangible assets 1,944 1,929
Loss from disposal of assets 0 4
Amortization of discount on short-term investments (25) (408)
Bad debt expense, net of recoveries 90 110
Stock based compensation 568 1,760
Deferred income taxes 0 56
Net pension expense 457 496
Changes in operating assets and liabilities, net of the effects of acquisitions    
Accounts receivable (7,340) 3,190
Prepaid expenses and income taxes (10) 677
Inventories (11,798) (966)
Other assets 16 0
Accounts payable and accrued expenses 11,953 3,275
Other liabilities 67 (19)
Net cash provided by operating activities 7,960 23,105
Cash flows from investing activities:    
Capital expenditures (1,368) (2,510)
Purchase of businesses, net of cash acquired (34,931) 0
Purchase of short-term investments 0 (10,093)
Maturity of short-term investments 5,500 7,500
Proceeds from disposal of plant and property 0 51
Net cash used in investing activities (30,799) (5,052)
Cash flows from financing activities:    
Dividends paid (6,571) (6,460)
Common stock repurchases (5,011) (1,827)
Proceeds from exercise of stock options 44 0
Net cash used in financing activities (11,538) (8,287)
Net change in cash and cash equivalents (34,377) 9,766
Cash and cash equivalents at beginning of period 67,000 81,597
Cash and cash equivalents at end of period $ 32,623 $ 91,363