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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Cash flows from operating activities:    
Net (loss) income $ (28,567) $ 14,890
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 8,978 8,224
Amortization of debt discount 208 508
Bad debt expense (recovery) 201 (385)
Reduction in the carrying amount of the right of use asset 1,007 836
Loss on forward contracts 232 61
Equity in income of equity investees (6,964) (4,506)
Distribution of income from equity investees 7,603 4,248
Deferred income tax (benefit) expense (578) 4,187
Non-cash compensation adjustment (337) (455)
Stock based compensation expense 694 1,454
Changes in operating assets and liabilities:    
Accounts receivable (27,372) (78,692)
Inventory (36,344) (31,406)
Receivables from vendors (122) (19)
Prepaid expenses and other (2,486) (6,465)
Investment securities-trading 337 455
Accounts payable, accrued expenses, accrued sales incentives, contract liabilities, and other liabilities 73,903 83,049
Income taxes payable (401) 1,388
Net cash used in operating activities (10,008) (2,628)
Cash flows from investing activities:    
Purchases of property, plant, and equipment (3,046) (3,510)
Purchase of acquired business (30,406) (11,000)
Net cash used in investing activities (33,452) (14,510)
Cash flows from financing activities:    
Principal payments on finance lease obligation (323) (470)
Repayment of bank obligations (375) (20,375)
Borrowings on bank obligations 1,656 20,000
Deferred financing costs (667) (260)
Withholding taxes paid on net issuance of stock award (857)  
Settlement of restricted stock units   575
Purchase of treasury stock (1,220)  
Proceeds from the issuance of subsidiary shares to non-controlling interest 2,069  
Proceeds from the issuance of long-term debt to non-controlling interest 4,877  
Net cash provided by (used in) financing activities 5,160 (1,680)
Effect of exchange rate changes on cash 58 2,730
Net decrease in cash and cash equivalents (38,242) (16,088)
Cash and cash equivalents at beginning of period 59,404 37,425
Cash and cash equivalents at end of period $ 21,162 $ 21,337