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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Cash flows from operating activities:    
Net loss $ (2,550) $ (9,536)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,290 6,128
Amortization of debt discount 395 411
Bad debt expense   104
Reduction in the carrying amount of the right of use asset 508 459
Gain on forward contracts (54) (213)
Equity in income of equity investees (2,745) (2,705)
Distribution of income from equity investees 2,364 2,903
Deferred income tax expense (benefit) 2,969 (1,276)
Non-cash compensation adjustment (443) (88)
Stock based compensation expense 686 1,345
Loss on sale of property, plant, and equipment   18
Changes in operating assets and liabilities:    
Accounts receivable (27,932) 4,386
Inventory (18,714) (12,791)
Receivables from vendors (336) 641
Prepaid expenses and other (3,064) 1,213
Investment securities-trading 443 340
Accounts payable, accrued expenses, accrued sales incentives, and other liabilities 42,400 (3,475)
Income taxes payable 693 (738)
Net cash used in operating activities (90) (12,874)
Cash flows used in investing activities:    
Purchases of property, plant, and equipment (1,104) (1,332)
Purchase of acquired business, less cash received (11,000)  
Proceeds from sale of property, plant, and equipment   26
Net cash used in investing activities (12,104) (1,306)
Cash flows provided by (used in) financing activities:    
Principal payments on finance lease obligation (329) (310)
Repayment of bank obligations (250) (3,356)
Borrowings on bank obligations 20,335  
Deferred financing costs (260)  
Purchase of treasury stock   (983)
Net cash provided by (used in) financing activities 19,496 (4,649)
Effect of exchange rate changes on cash 1,162 (113)
Net increase (decrease) in cash and cash equivalents 8,464 (18,942)
Cash and cash equivalents at beginning of period 37,425 58,236
Cash and cash equivalents at end of period $ 45,889 $ 39,294