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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2018
Aug. 31, 2017
Cash flows from operating activities:    
Net earnings $ 18,814 $ 16,324
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 4,308 3,996
Amortization of deferred finance charges 57 57
Amortization of intangible assets 2,920 3,077
(Gain) loss from disposal of assets (6) 63
Bad debt expense, net of recoveries 196 (248)
Stock based compensation 674 667
Net periodic benefit cost 659 800
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable (1,708) (555)
Prepaid expenses and income taxes 3,562 (126)
Inventories (3,081) (1,182)
Other assets (4) 67
Accounts payable and accrued expenses (1,941) (4,122)
Other liabilities (200) 358
Net cash provided by operating activities 24,250 19,176
Cash flows from investing activities:    
Capital expenditures (2,546) (1,590)
Purchase of businesses, net of cash acquired (27,035) (1,350)
Proceeds from disposal of plant and property 6 25
Net cash used in investing activities (29,575) (2,915)
Cash flows from financing activities:    
Dividends paid (10,811) (9,552)
Common stock repurchases (680) (3,310)
Proceeds from exercise of stock options 69  
Net cash used in financing activities (11,422) (12,862)
Net change in cash and cash equivalents (16,747) 3,399
Cash and cash equivalents at beginning of period 96,230 80,466
Cash and cash equivalents at end of period $ 79,483 $ 83,865