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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
May 31, 2020
May 31, 2019
Cash flows from operating activities:    
Net loss $ (9,105) $ (2,372)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,543 3,067
Amortization of debt discount 206 206
Bad debt (recovery) expense (7) 52
Reduction in the carrying amount of the right of use asset 243 225
Gain on forward contracts (67) (107)
Equity in income of equity investees (862) (1,440)
Distribution of income from equity investees 1,502 1,472
Deferred income tax expense (benefit) 644 (1,154)
Non-cash compensation adjustment (541) 326
Stock based compensation expense 351 159
(Gain) loss on sale of property, plant and equipment   1
Changes in operating assets and liabilities:    
Accounts receivable 14,842 11,401
Inventory (6,059) (1,278)
Receivables from vendors (4) 462
Prepaid expenses and other (255) 1,099
Investment securities-trading 541 (136)
Accounts payable, accrued expenses, accrued sales incentives and other liabilities 7,638 (6,502)
Income taxes payable 675 (1,213)
Net cash provided by operating activities 12,285 4,268
Cash flows used in investing activities:    
Purchases of property, plant and equipment (586) (703)
Net cash used in investing activities (586) (703)
Cash flows provided by (used in) financing activities:    
Principal payments on finance lease obligation (169) (108)
Repayment of bank obligations (125) (1,428)
Borrowings on bank obligations 20,000  
Net cash provided by (used in) financing activities 19,706 (1,536)
Effect of exchange rate changes on cash 209 (261)
Net increase in cash and cash equivalents 31,614 1,768
Cash and cash equivalents at beginning of period 37,425 58,236
Cash and cash equivalents at end of period $ 69,039 $ 60,004