XML 27 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Feb. 29, 2012
Feb. 28, 2011
Feb. 28, 2010
Net income $ 25,649 $ 23,031 $ 22,483
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 10,295 7,865 7,694
Bad debt expense 1,771 1,022 221
Equity in income of equity investee (4,035) (2,905) (1,657)
Distribution of income from equity investees 1,906 1,413 2,199
Deferred income tax (benefit) expense, net 4,075 (13,566) 1,594
Loss on disposal of property, plant and equipment 237 64 32
Non-cash compensation adjustment (139) 717 1,696
Non-cash stock based compensation expense 1,082 1,284 1,138
Realized loss on sale of investment 0 182 0
Gain on bargain purchase 0 0 (5,447)
Impairment loss on marketable securities 1,225 1,600 1,000
Tax benefit on stock options exercised (1,846) 0 0
Changes in operating assets and liabilities (net of assets and liabilities acquired):      
Accounts receivable (8,834) 22,462 (22,451)
Inventory 13,269 (12,007) 32,849
Receivables from vendors 4,363 2,802 1,176
Prepaid expenses and other (8,511) 4,657 (1,890)
Investment securities-trading 357 (646) (615)
Accounts payable, accrued expenses, accrued sales incentives and other current liabilities 12,698 (9,273) (6,251)
Income taxes payable 6,022 3,428 (5,549)
Net cash provided by operating activities 59,584 32,130 28,222
Cash flows from investing activities:      
Purchases of property, plant and equipment (12,364) (3,055) (5,017)
Proceeds from distribution from an equity investee 0 0 1,304
Proceeds from repayment of notes receivable 0 0 511
Purchase of short-term investments 0 (23,981) 0
Sale of short-term investments 0 24,210 0
Sale of long-term investment 0 4,368 0
Purchase of long-term investment 0 (245) (7,498)
Purchase of patents 0 0 348
Borrowing on short-term note 214 180 0
Purchase of acquired businesses, less cash acquired (167,260) (57) (14,657)
Net cash provided by (used in) investing activities (179,410) 1,420 (25,009)
Cash flows from financing activities:      
Repayment of short-term debt (927) (3,950) 0
Borrowings from bank obligations 89,248 285 114
Repayments on bank obligations (55,765) (1,479) (1,452)
Principal payments on capital lease obligation (102) (180) 22
Proceeds from exercise of stock options and warrants 392 932 84
Reissue of treasury stock 7 10 10
Tax expense on stock options exercised 1,846 0 0
Net cash (used in) provided by financing activities 34,699 (4,382) (1,222)
Effect of exchange rate changes on cash 103 (49) (1,984)
Net increase in cash and cash equivalents (85,024) 29,119 7
Cash and cash equivalents 13,606 98,630 69,511
Supplemental Cash Flow Information:      
Interest, excluding bank charges 3,520 2,138 1,310
Income taxes (net of refunds) $ 1,499 $ 1,257 $ (7,838)