XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2016
May 31, 2015
Cash provided (used) by operating activities:    
Net income $ 19,026 $ 20,410
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,956 10,354
Amortization of financing costs 290 291
Provision for doubtful receivables 347 (46)
Non-cash share-based compensation 5,614 2,061
Non-cash intangible asset impairment charges 7,400 3,000
Loss on the sale of property and equipment 20  
Deferred income taxes and tax credits (3,458) (954)
Changes in operating capital, net of effects of acquisition of business:    
Receivables 20,524 12,544
Inventories (11,160) (6,219)
Prepaid expenses and other current assets (3,393) (1,367)
Other assets and liabilities, net (4,934) (2,942)
Accounts payable 4,819 14,820
Accrued expenses and other current liabilities (7,021) (10,013)
Accrued income taxes 2,706 (4,121)
Net cash provided by operating activities 41,736 37,818
Cash provided (used) by investing activities:    
Capital and intangible asset expenditures (5,154) (2,717)
Proceeds from the sale of property and equipment 2 7
Payments to acquire businesses (209,258) (42,750)
Net cash used by investing activities (214,410) (45,460)
Cash provided (used) by financing activities:    
Proceeds from line of credit 100,200 121,500
Repayment of line of credit (129,100) (114,000)
Repayment of long-term debt (3,800) (1,900)
Payment of financing costs (14)  
Proceeds from share issuances under share-based compensation plans 3,127 5,009
Payment of tax obligations resulting from cashless share award exercises (424)  
Net cash provided (used) by financing activities (30,011) 10,609
Net increase (decrease) in cash and cash equivalents (202,685) 2,967
Cash and cash equivalents, beginning balance 225,800 12,295
Cash and cash equivalents, ending balance $ 23,115 $ 15,262