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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May. 31, 2015
May. 31, 2014
Cash provided (used) by operating activities:    
Net income $ 20,410 $ 16,398
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,354 8,500
Amortization of financing costs 291 257
Provision for doubtful receivables (46) 118
Non-cash share-based compensation 2,061 1,295
Intangible asset impairment charges 3,000 9,000
Loss on the sale of property and equipment   1
Deferred income taxes and tax credits (954) 1,321
Changes in operating capital, net of effects of acquisition of business:    
Receivables 12,544 (4,479)
Inventories (6,219) (9,195)
Prepaid expenses and other current assets (1,367) 1,641
Other assets and liabilities, net (2,942) (2,987)
Accounts payable 14,820 9,233
Accrued expenses and other current liabilities (10,013) (23,939)
Accrued income taxes (4,440) (4,193)
Net cash provided by operating activities 37,499 2,971
Cash provided (used) by investing activities:    
Capital and intangible asset expenditures (2,717) (1,822)
Proceeds from the sale or disposal of property and equipment 7  
Payment to acquire a business (42,750)  
Net cash used by investing activities (45,460) (1,822)
Cash provided (used) by financing activities:    
Proceeds from line of credit 121,500 337,700
Repayment of line of credit (114,000) (102,700)
Repayment of long-term debt (1,900) (1,900)
Payment of financing costs   (1)
Proceeds from share issuances under share-based compensation plans, including tax benefits 5,009 2,935
Payment of tax obligations resulting from cashless share award exercises   (4,569)
Payments for repurchases of common stock   (273,598)
Share-based compensation tax benefit 319 127
Net cash provided (used) by financing activities 10,928 (42,006)
Net increase (decrease) in cash and cash equivalents 2,967 (40,857)
Cash and cash equivalents, beginning balance 12,295 70,027
Cash and cash equivalents, ending balance $ 15,262 $ 29,170