Supplemental Cash Flow Information

6 Months Ended

Aug. 31, 2023

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

6. Supplemental Cash Flow Information

In order to determine net cash provided by operating activities, net income is adjusted by, among other things, changes in current assets and current liabilities as follows (in thousands):

	Six Months Ended August 31,
	2023		2022
Decrease (increase) in current assets:
Accounts receivable, net	$	(610)	$	(35,813)
Inventories	7,460		(16,081)
Contract assets	57		(7,751)
Prepaid expenses and other	(2,544)		(9,238)
Increase (decrease) in current liabilities:
Accounts payable	15,036		32,842
Income taxes payable	(226)		7,388
Accrued expenses	2,211		15,974
Changes in current assets and current liabilities	$	21,384	$	(12,679)

Cash flows related to interest and income taxes were as follows (in thousands):

	Six Months Ended August 31,
	2023		2022
Cash paid for interest	$	51,539	$	23,888
Cash paid for income taxes	12,930		10,065

Supplemental disclosures of non-cash investing and financing activities were as follows (in thousands):

	Six Months Ended August 31,
	2023		2022
Issuance of preferred stock in exchange for convertible notes	$	—	$	233,722
Accrued dividends on preferred stock	2,400		1,040
Accruals for capital expenditures	5,579		—