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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Cash Flows From Operating Activities:    
Net income (loss) $ 41,315 $ 3,751
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Bad debt expense (521) 226
Amortization and depreciation 22,083 23,149
Deferred income taxes (954) (5,493)
Loss on disposal of business 0 1,198
Non-cash restructuring and impairment charges 0 17,425
Net (gain) loss on sale of property, plant and equipment 485 (113)
Amortization of deferred borrowing costs 330 269
Share-based compensation expense 4,682 4,083
Effects of changes in assets and liabilities, net of acquisitions and dispositions:    
Accounts receivable (7,910) 19,686
Inventories (13,184) (480)
Prepaid expenses and other (2,723) 1,372
Other assets (2,605) 202
Net change in contract assets and liabilities (5,071) (452)
Accounts payable 2,661 (15,931)
Other accrued liabilities and income taxes payable (830) (16,726)
Net cash provided by operating activities 37,758 32,166
Cash Flows Used For Investing Activities:    
Proceeds from sale of property, plant and equipment 2,537 397
Purchase of property, plant and equipment (13,099) (19,269)
Proceeds from sale of subsidiaries, net 0 8,341
Net cash used in investing activities (10,562) (10,531)
Cash Flows From Financing Activities:    
Proceeds from issuance of common stock 1,544 1,694
Payments for taxes related to net share settlement of equity awards (2,149) (554)
Proceeds from revolving loan 182,000 96,000
Payments on revolving loan (178,000) (127,000)
Repurchase and retirement of treasury stock (21,233) (6,379)
Payments of dividends (8,510) (8,892)
Net cash used in financing activities (26,348) (45,131)
Effect of exchange rate changes on cash (197) 837
Net increase (decrease) in cash and cash equivalents 651 (22,659)
Cash and cash equivalents at beginning of period 14,837 36,687
Cash and cash equivalents at end of period 15,488 14,028
Supplemental disclosures    
Cash paid for interest 3,304 4,806
Cash paid for income taxes $ 14,360 $ 9,358