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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2021
Cash Flows From Operating Activities:      
Net income (loss) available to common shareholders $ (61,214) $ 84,022 $ 39,614
Net income (loss) from discontinued operations (119,313) 34,205 12,431
Dividends on preferred stock 8,240 0 0
Net income from continuing operations 66,339 49,817 27,183
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:      
Bad debt expense (recoveries) (58) 100 207
Depreciation and amortization 74,590 32,081 32,094
Deferred income taxes 7,007 3,201 387
Equity in earnings of unconsolidated entities (2,597) 0 0
Loss on disposal of business 0 640 3,080
Loss on abandonment of long-lived assets 135 0 13,025
Net (gain) loss on sale of property, plant and equipment (1,032) 666 183
Amortization of debt financing costs 11,271 455 545
Share-based compensation expense 8,382 9,449 7,330
Effects of changes in assets and liabilities, net of acquisitions and dispositions:      
Accounts receivable (26,545) (21,291) 8,383
Inventories (17,198) (18,765) 1,044
Prepaid expenses and other (4,190) 1,578 (1,599)
Other assets (3,677) (1,406) (5,648)
Net change in contract assets and liabilities (4,404) (37) 13,283
Accounts payable (14,035) 5,719 18,813
Other accrued liabilities and income taxes payable (2,558) (1,609) (9,202)
Net cash provided by operating activities of continuing operations 91,430 60,598 109,108
Cash flows from investing activities      
Proceeds from sale or insurance settlements of property, plant and equipment 4,121 2,666 84
Acquisition of subsidiaries, net of cash acquired (1,282,730) (61,219) (4,419)
Proceeds from divestiture 106,808 0 12,444
Purchase of property, plant and equipment (57,120) (23,590) (27,179)
Net cash used in investing activities of continuing operations (1,228,921) (82,143) (19,070)
Cash flows from financing activities:      
Proceeds from issuance of common stock 2,372 2,788 2,832
Payments for taxes related to net share settlement of equity awards (3,000) (2,187) (712)
Proceeds from revolving loan 380,000 296,000 228,000
Payments on revolving loan (362,000) (248,000) (277,000)
Proceeds from long term debt 1,540,000 0 150,000
Payments of debt financing costs (87,548) 0 (592)
Payments on long term debt (419,750) 0 (125,000)
Repurchase and retirement of treasury stock 0 30,815 48,311
Payments of dividends (22,739) (16,874) (17,642)
Net cash provided by (used in) financing activities of continuing operations 1,027,335 912 (88,425)
Effect of exchange rate changes on cash 505 158 3,133
Net cash provided by (used in) operating activities from discontinued operations (21,275) 25,412 (17,073)
Net cash used in investing activities from discontinued operations (1,336) (4,692) (9,523)
Net cash provided by financing activities from discontinued operations 120,000 0 0
Cash provided by (used in) discontinued operations 97,389 20,720 (26,596)
Net increase (decrease) in cash and cash equivalents (12,262) 245 (21,850)
Cash and cash equivalents at beginning of year 15,082 14,837 36,687
Cash and cash equivalents at end of year 2,820 15,082 14,837
Cash and cash equivalents at end of year 2,820 12,082 11,837
Cash and cash equivalents at beginning of year 12,082 11,837  
Less: Cash and cash equivalents from discontinued operations at end of year $ 0 $ (3,000) $ (3,000)