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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Cash Flows From Operating Activities:    
Net income (loss) available to common shareholders $ 49,654 $ (34,533)
Net income (loss) from discontinued operations 0 73,978
Dividends on preferred stock 7,200 1,040
Net income from continuing operations 56,854 40,485
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Bad debt expense 79 (1)
Depreciation and amortization 38,677 33,875
Deferred income taxes (2,656) (21,823)
Equity in earnings of unconsolidated entities (2,394) 0
Impairment of long-lived assets 0 135
Net (gain) on sale of property, plant and equipment (13) (2,742)
Amortization of debt financing costs 6,062 4,661
Share-based compensation expense 4,019 4,770
Changes in current assets and current liabilities 21,384 (12,679)
Changes in other long-term assets and long-term liabilities (3,672) (4,670)
Net cash provided by operating activities of continuing operations 118,340 42,011
Cash flows from investing activities    
Purchase of property, plant and equipment (42,726) (18,696)
Acquisition of subsidiaries, net of cash acquired 0 (1,298,513)
Other investing activities 20 4,089
Net cash used in investing activities of continuing operations (42,706) (1,313,120)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,464 1,767
Payments for taxes related to net share settlement of equity awards (791) (2,306)
Proceeds from revolving loan 142,000 175,000
Payments on revolving loan (202,000) (225,000)
Proceeds from long term debt 0 1,540,000
Payments of debt financing costs (1,203) (82,697)
Payments on long term debt and finance leases (162) (153,250)
Payments of dividends (15,687) (8,418)
Net cash provided by (used in) financing activities of continuing operations (76,379) 1,245,096
Effect of exchange rate changes on cash 33 2,501
Net cash provided by operating activities from discontinued operations 0 25,098
Net cash used in investing activities from discontinued operations 0 (2,328)
Net cash provided by discontinued operations 0 22,770
Net decrease in cash and cash equivalents (712) (742)
Cash and cash equivalents at beginning of period 2,820 15,082
Cash and cash equivalents at end of period 2,108 14,340
Cash and cash equivalents at end of period 2,108 11,340
Less: Cash and cash equivalents from discontinued operations at end of period $ 0 $ (3,000)