XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
May 31, 2017
May 31, 2016
Cash Flows From Operating Activities:    
Net Income $ 12,062 $ 22,189
Adjustments To Reconcile Net Income To Net Cash Provided By Operating Activities:    
Provision For Doubtful Accounts 63 (87)
Amortization and Depreciation 12,423 12,634
Deferred Income Tax Expense 261 2,830
Net Loss (Gain) On Insurance Settlement or On Sale of Property, Plant & Equipment (100) (110)
Amortization of Deferred Borrowing Costs 154 323
Share Based Compensation Expense 1,194 1,112
Effects of Changes In Assets & Liabilities:    
Accounts Receivable (14,114) (20,976)
Inventories (6,976) 1,131
Prepaid Expenses and Other (5,619) (4,833)
Other Assets (1,019) 74
Net Change In Billings Related To Costs and Estimated Earnings On Uncompleted Contracts (4,940) 71
Accounts Payable (2,405) 7,747
Other Accrued Liabilities and Income Taxes Payable (6,788) (12,237)
Net Cash Provided By Operating Activities (15,804) 9,868
Cash Flows Used For Investing Activities:    
Proceeds From Sale Or Insurance Settlement of Property, Plant, and Equipment 171 127
Purchase of Property, Plant and Equipment (10,141) (10,503)
Acquisition of Subsidiaries, Net of Cash Acquired 0 (22,679)
Net Cash From Investing Activities (9,970) (33,055)
Cash Flows From Financing Activities:    
Proceeds from revolving loan 128,000 61,000
Payments on revolving loan (36,500) (46,000)
Payments on Long Term Debt (63,504) (16,160)
Payments for Repurchase of Common Stock (2,683) 0
Payments of Dividends (4,423) (3,888)
Net Cash Used In Financing Activities 20,890 (5,048)
Effect of Exchange Rate Changes on Cash (81) 119
Net Increase (Decrease) In Cash & Cash Equivalents (4,965) (28,116)
Cash & Cash Equivalents At Beginning of Period 11,302 40,191
Cash & Cash Equivalents At End of Period 6,337 12,075
Supplemental Disclosures    
Cash Paid For Interest 2,286 2,573
Cash Paid For Income Taxes $ 7,097 $ 6,966