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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Cash Flows From Operating Activities:    
Net income (loss) available to common shareholders $ 72,944 $ (58,675)
Net income (loss) from discontinued operations 0 112,947
Dividends on preferred stock 10,800 4,640
Net income from continuing operations 83,744 58,912
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Bad debt expense (recovery) 53 (38)
Depreciation and amortization 59,034 55,813
Deferred income taxes (274) (20,421)
Equity in earnings of unconsolidated entities (11,136) (1,006)
Impairment of long-lived assets 0 235
Net (gain) on sale of property, plant and equipment (39) (1,381)
Amortization of debt financing costs 9,105 5,916
Share-based compensation expense 6,207 7,138
Changes in current assets and current liabilities 38,819 (34,969)
Changes in other long-term assets and long-term liabilities (4,585) (1,577)
Net cash provided by operating activities of continuing operations 180,928 68,622
Cash flows from investing activities    
Purchase of property, plant and equipment (66,900) (35,085)
Acquisition of subsidiaries, net of cash acquired 0 (1,283,448)
Proceeds from sale of subsidiaries, net 0 106,766
Other investing activities 47 4,114
Net cash used in investing activities of continuing operations (66,853) (1,207,653)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,465 1,767
Payments for taxes related to net share settlement of equity awards (791) (2,592)
Proceeds from revolving loan 189,000 255,000
Payments on revolving loan (274,000) (322,000)
Proceeds from long term debt 0 1,540,000
Payments of debt financing costs (1,299) (87,555)
Payments on long term debt and finance leases (268) (366,500)
Payments of dividends (23,551) (12,664)
Net cash provided by (used in) financing activities of continuing operations (109,444) 1,005,456
Effect of exchange rate changes on cash 58 (2,199)
Net cash provided by operating activities from discontinued operations 0 7,973
Net cash used in investing activities from discontinued operations 0 (3,991)
Net cash provided by financing activities from discontinued operations 0 120,000
Net cash provided by discontinued operations 0 123,982
Net increase (decrease) in cash and cash equivalents 4,689 (11,792)
Cash and cash equivalents at beginning of period 2,820 15,082
Cash and cash equivalents at end of period $ 7,509 $ 3,290