XML 19 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2015
Nov. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 13,041 $ 10,093
Adjustments to reconcile consolidated net income to net cash provided by operating activities -    
Depreciation and amortization 4,385 4,426
Amortization of deferred financing costs, including original issue discount 1,245 858
Noncash accretion of debt 557 2,347
Loss on debt extinguishment 0 (1,455)
Provision for bad debts 292 585
Provision for deferred income taxes 2,523 8,896
Noncash compensation 4,669 2,128
Loss on disposal of assets 0 0
Changes in assets and liabilities -    
Restricted cash (693) 105
Accounts receivable (3,376) (11,126)
Prepaid expenses and other current assets 445 (2,292)
Other assets (1,216) (792)
Accounts payable and accrued liabilities (4,294) (3,135)
Deferred revenue (622) (613)
Income taxes (12) (79)
Other liabilities (1,630) (2,044)
Net cash provided by operating activities 16,700 10,602
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (1,943) (2,565)
Cash paid for acquisitions 0 57,729
Change in acquisition-related restricted cash 0 (76,031)
Cash paid for investments, net of distributions (123) 65
Other 0 3
Net cash used in investing activities (1,820) (136,387)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on long-term debt (17,022) (74,375)
Proceeds from long-term debt 9,000 212,000
Debt-related costs (1,134) (7,849)
Distributions to noncontrolling interests (4,391) (3,987)
Proceeds from the exercise of stock options 133 377
Settlement of tax withholding obligations on stock issued to employees (819) (1,462)
Net cash provided by (used in) financing activities (14,233) 124,704
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS 647 (1,081)
CASH AND CASH EQUIVALENTS:    
Beginning of period 3,669 5,304
End of period 4,316 4,223
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 12,567 6,059
Cash paid for income taxes, net 216 243
Noncash financing transactions -    
Stock issued to employees and directors $ 4,042 $ 5,037