Supplemental Cash Flow Information

12 Months Ended

Feb. 28, 2025

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

8. Supplemental Cash Flow Information

To arrive at net cash provided by operating activities from continuing operations, net income is adjusted by, among other things, changes in current assets and current liabilities as follows (in thousands):

	Year Ended
	February 28, 2025		February 29, 2024		February 28, 2023
Decrease (increase) in current assets:
Accounts receivable, net	1,790		14,261		(12,556)
Other receivables	2,555		11,370		(13,989)
Inventories	5,045		26,276		(17,198)
Contract assets	(27,183)		(2,479)		(4,404)
Prepaid expenses and other	756		177		(4,190)
Increase (decrease) in current liabilities:
Accounts payable	23,480		(801)		(14,035)
Income taxes payable	430		(100)		(3,252)
Accrued expenses	10,237		5,298		2,549
Changes in current assets and current liabilities	$	17,110	$	54,002	$	(67,075)

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

	Year Ended
	February 28, 2025		February 29, 2024		February 28, 2023
Cash paid for interest	$	75,865	$	97,812	$	77,989
Cash paid for income taxes	31,489		20,433		24,489

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

	Year Ended
	February 28, 2025		February 29, 2024		February 28, 2023
Issuance of Series A Preferred Stock in exchange for convertible notes	$	—	$	—	$	233,722
Accrued dividends on Series A Preferred Stock	—		2,400		2,400
Accruals for capital expenditures	3,558		7,514		1,748

During fiscal 2025 and 2024, we had non-cash investing activities related to asset retirements of $4.2 million and $9.5 million, respectively. See Note 10 for supplemental disclosures of non-cash investing and financing activities related to our leases.