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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Feb. 28, 2019
Cash Flows From Operating Activities:      
Net income $ 39,614 $ 48,234 $ 51,208
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 44,603 50,194 50,245
Deferred income taxes (1,561) (2,617) 3,731
Loss on disposal of business 3,080 18,632 0
Loss on abandonment of long-lived assets 6,923 0 0
Loss on disposal group held for sale 6,752 0 0
Write down of excess inventory 2,511 0 0
Impairment loss on long lived assets 0 9,157 810
Loss on sale of property, plant & equipment 219 (71) 9
Share-based compensation expense 7,330 6,290 4,659
Amortization of deferred debt issuance costs 545 538 541
Bad debt expense 1,040 2,734 2,153
Effects of changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 7,926 (1,006) (8,131)
Inventories 2,145 25,875 (595)
Prepaid expenses and other assets 6,497 (291) (4,883)
Net change in contract assets and liabilities 5,137 (47,040) 3,091
Accounts payable (21,521) 8,145 (1,172)
Other accrued liabilities and income taxes payable (19,205) 23,536 8,809
Net cash provided by operating activities: 92,035 142,310 110,475
Cash flows from investing activities:      
Proceeds from the sale or insurance settlement of property, plant, and equipment 461 340 1,543
Proceeds from sale of subsidiary, net 12,444 23,584 0
Acquisition of subsidiaries, net of cash acquired (4,419) (60,628) (8,000)
Purchases of property, plant and equipment (37,079) (32,595) (24,615)
Net cash used in investing activities: (28,593) (69,299) (31,072)
Cash flows from financing activities:      
Proceeds from issuance of common stock 2,832 3,113 3,765
Payments for taxes related to net share settlement of equity awards (712) (1,231) (573)
Proceeds from revolving loan 228,000 428,500 264,000
Payments on revolving loan (277,000) (466,500) (310,000)
Proceeds from long-term debt 150,000 0 0
Payments on long-term debt (125,000) 0 (14,286)
Debt issuance costs paid (592) 0 0
Repurchase and retirement of common stock 48,311 5,799 0
Payment of dividends (17,642) (17,822) (17,718)
Net cash used in financing activities: (88,425) (59,739) (74,812)
Effect of exchange rate changes on cash and cash equivalents 3,133 (590) (1,439)
Net change in cash and cash equivalents (21,850) 12,682 3,152
Cash and cash equivalents, beginning of year 36,687 24,005 20,853
Cash and cash equivalents, end of year 14,837 36,687 24,005
Supplemental disclosures of cash flow information:      
Cash paid for interest 8,999 13,023 14,880
Cash paid for income taxes $ 16,118 $ 18,802 $ 3,291