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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Feb. 28, 2018
USD ($)
Feb. 28, 2017
USD ($)
Feb. 29, 2016
USD ($)
Cash provide (used) by operating activities:      
Net income $ 44,446 $ 140,689 $ 101,228
Income (loss) from discontinued operations (84,436) (3,621) 8,237
Income from continuing operations 128,882 144,310 92,991
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 33,730 36,175 34,889
Amortization of financing costs 887 706 651
Provision for doubtful receivables 1,066 2,277 223
Non-cash share-based compensation 15,054 13,861 7,164
Non-cash intangible asset impairment charges 15,447 2,900 6,000
Non-cash Venezuelan re-measurement related charges     17,441
Gain on the sale or disposal of property and equipment 331 197 84
Deferred income taxes and tax credits 21,264 (7,499) (2,384)
Changes in operating capital, net of effects of acquisition of businessess:      
Receivables (44,818) (6,592) (3,437)
Inventories 29,366 17,161 (14,896)
Prepaid expenses and other current assets (383) (1,908) (2,224)
Other assets and liabilities, net (16,728) (814) 9,957
Accounts payable 23,689 6,299 3,949
Accrued expenses and other current liabilities 12,190 8,894 18,673
Accrued income taxes (1,368) (3,476) 1,180
Net cash provided by operating activities - continuing operations 218,609 212,491 170,263
Net cash provided by operating activities - discontinued operations 5,598 16,010 16,282
Net cash provided by operating activities 224,207 228,501 186,545
Cash provided (used) by investing activities:      
Capital and intangible asset expenditures (13,605) (15,507) (16,676)
Proceeds from the sale of property and equipment 13 32 7
Payments to acquire businesses, net of cash acquired   (209,267) (43,150)
Net cash used by investing activities - continuing operations (13,592) (224,742) (59,819)
Net cash provided (used) by investing activities - discontinued operations 49,226 (5,112) (3,927)
Net cash provided (used) by investing activities 35,634 (229,854) (63,746)
Cash provided (used) by financing activities:      
Proceeds from line of credit 521,200 470,900 802,600
Repayment of line of credit (692,500) (580,300) (590,000)
Repayment of long-term debt (25,700) (23,800) (21,900)
Payment of financing costs   (2,299) (19)
Proceeds from share issuances under share-based compensation plans 7,658 9,734 12,025
Payment of tax obligations resulting from cashless share award settlements (7,053) (595)  
Payment of tax obligations resulting from cashless share settlement of severance obligation     (12,000)
Payments for repurchases of common stock (65,795) (75,000) (100,000)
Net provided (used) by financing activities - continuing operations (262,190) (201,360) 90,706
Net cash provided (used) in financing activities (262,190) (201,360) 90,706
Net decrease in cash and cash equivalents (2,349) (202,713) 213,505
Cash and cash equivalents, beginning balance 23,087 225,800 12,295
Cash and cash equivalents, ending balance 20,738 23,087 225,800
Less: Cash and cash equivalents of discontinued operations, ending balance   (761) (1,664)
Cash and cash equivalents of continuing operations, ending balance 20,738 23,848 227,464
Supplemental cash flow information:      
Interest paid 13,543 9,978 13,990
Income taxes paid, net of refunds 6,081 15,950 16,591
Value of common stock received as exercise price of options $ 141 $ 118 $ 257