Supplemental Cash Flow Information

9 Months Ended

Nov. 30, 2023

Supplemental Cash Flow Elements [Abstract]

7. 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):


	Nine Months Ended November 30,
	2023		2022
Decrease (increase) in current assets:
Accounts receivable, net	$	13,922	$	(6,927)
Other receivables	(4,033)		(9,503)
Inventories	17,191		(14,646)
Contract assets	1,136		(3,950)
Prepaid expenses and other	(1,304)		(6,195)
Increase (decrease) in current liabilities:
Accounts payable	8,654		(15,122)
Income taxes payable	(227)		(3,784)
Accrued expenses	3,480		25,158
Changes in current assets and current liabilities	$	38,819	$	(34,969)

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


	Nine Months Ended November 30,
	2023		2022
Cash paid for interest	$	74,993	$	52,488
Cash paid for income taxes	17,683		15,627

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


	Nine Months Ended November 30,
	2023		2022
Issuance of preferred stock in exchange for convertible notes	$	—	$	233,722
Accrued dividends on preferred stock	2,400		4,640
Accruals for capital expenditures	4,768		960