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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Cash Flows From Operating Activities:    
Net income $ 62,400 $ 23,454
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Bad debt expense (493) 233
Amortization and depreciation 33,222 34,176
Deferred income taxes (4,955) (4,660)
Loss on disposal of business 552 3,050
Loss on abandonment of long-lived assets 0 6,922
Loss on disposal group held for sale 0 7,030
Inventory write-downs 0 2,511
Net (gain) loss on sale of property, plant and equipment 238 0
Amortization of deferred borrowing costs 551 503
Share-based compensation expense 6,542 5,773
Effects of changes in assets and liabilities, net of acquisitions and dispositions:    
Accounts receivable (18,844) 9,715
Inventories (16,703) (1,763)
Prepaid expenses and other 680 2,327
Other assets (2,559) 226
Net change in contract assets and liabilities (10,719) (15,297)
Accounts payable 471 (7,026)
Other accrued liabilities and income taxes payable (715) (7,780)
Net Cash Provided by Operating Activities 49,668 59,394
Cash Flows Used For Investing Activities:    
Proceeds from sale of property, plant and equipment 2,706 454
Purchase of property, plant and equipment (19,131) (27,885)
Proceeds from sale of subsidiaries, net 0 12,444
Net Cash Used in Investing Activities (16,425) (14,987)
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 (2,169) (646)
Proceeds from revolving loan 216,000 161,000
Payments on revolving loan (203,000) (182,000)
Repurchase and retirement of treasury stock (28,869) (30,953)
Payments of dividends (12,673) (13,324)
Net Cash Used in Financing Activities (29,167) (64,229)
Effect of exchange rate changes on cash 1,442 2,330
Net Increase (Decrease) in Cash and Cash Equivalents 5,518 (17,492)
Cash and cash equivalents at beginning of period 14,837 36,687
Cash and cash equivalents at end of period 20,355 19,195
Supplemental disclosures    
Cash paid for interest 3,655 5,241
Cash paid for income taxes $ 23,259 $ 15,208