XML 33 R7.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Aug. 31, 2011
Aug. 31, 2010
Operating Activities  
Net income$ 2,239$ 1,921
Adjustments to reconcile net income to net cash provided by operating activities:  
Loss from discontinued operations, net of tax 40
Depreciation and amortization566635
Provision for doubtful accounts129107
Provision for inventory reserve787743
Non-cash charge for share based compensation18319
Deferred income taxes100(379)
Other1119
Changes in working capital:  
Accounts receivable(18)(714)
Inventories(331)1,080
Prepaid expenses and other current assets(34)(124)
Accounts payable and accrued liabilities(1,827)(3,089)
Cost, estimated earnings and billings, net, on uncompleted contracts(919)234
Income taxes refundable/payable3361,080
Net cash provided by operating activities1,2221,572
Investing Activities  
Capital expenditures(279)(295)
Proceeds from sale of Fox International, Ltd.51 
Proceeds on sale of equipment 101
Use of letter of credit/CD1,388 
Net cash provided by (used in) investing activities1,160(194)
Financing Activities  
Proceeds from long-term debt, lines of credit3,3288,347
Payments on long-term debt, lines of credit(6,450)(8,879)
Proceeds from notes payable to officers and directors10350
Repayments of notes payable to officers and directors(486)(750)
Net cash (used in) financing activities(3,598)(932)
Discontinued Operations  
Operating activities 655
Investing activities (88)
Financing activities (202)
Net cash provided by discontinued operations 365
Net change in cash(1,216)811
Cash, beginning of year1,399465
Cash, end of period1831,276
Cash, discontinued operations 389
Cash, continuing operations$ 183$ 887