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Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Nov. 30, 2013
Nov. 30, 2012
Nov. 30, 2013
Nov. 30, 2012
Net sales $ 245,814 $ 243,036 $ 622,604 $ 628,787
Cost of sales 177,016 173,087 445,191 453,656
Gross profit 68,798 69,949 177,413 175,131
Operating expenses:        
Selling 15,026 13,515 40,751 38,227
General and administrative 31,422 29,650 89,403 84,466
Engineering and technical support 5,740 6,938 23,701 21,042
Restructuring expense 32 0 1,324 0
Acquisition-related costs 0 56 0 1,707
Total operating expenses 52,220 50,159 155,179 145,442
Operating income 16,578 19,790 22,234 29,689
Other (expense) income:        
Interest and bank charges (1,830) (2,286) (5,609) (6,223)
Equity in income of equity investees 1,520 1,180 4,772 3,730
Other, net 5,565 776 11,293 (9,223)
Total other (expense) income, net 5,255 (330) 10,456 (11,716)
Income (loss) before income taxes 21,833 19,460 32,690 17,973
Income tax expense (benefit) 6,409 6,258 10,261 5,751
Net income (loss) 15,424 13,202 22,429 12,222
Foreign currency translation adjustments 4,658 1,469 4,096 (3,723)
Derivatives designated for hedging (744) (93) (430) 7
Pension plan adjustments (29) 0 (41) 0
Unrealized holding gain on available-for-sale investment securities arising during the period, net of tax 0 0 0 6
Other comprehensive income (loss), net of tax 3,885 1,376 3,625 (3,710)
Comprehensive income (loss) $ 19,309 $ 14,578 $ 26,054 $ 8,512
Net income per common share (basic) $ 0.63 $ 0.56 $ 0.93 $ 0.52
Net income per common share (diluted) $ 0.63 $ 0.56 $ 0.93 $ 0.52
Weighted Average Number of Shares Outstanding, Basic 24,341,897 23,434,965 24,060,492 23,377,859
Weighted Average Number of Shares Outstanding, Diluted 24,424,956 23,536,140 24,209,611 23,593,040