XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
May 31, 2018
May 31, 2017
Cash provided by operating activities:    
Net income $ 37,792 $ 5,868
Loss from discontinued operations, net of tax (381) (21,440)
Income from continuing operations 38,173 27,308
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 7,982 8,341
Amortization of financing costs 255 210
Provision for doubtful receivables 369 32
Non-cash share-based compensation 6,324 3,138
Non-cash intangible asset impairment charges   4,000
Loss (gain) on the sale or disposal of property and equipment 32 (10)
Deferred income taxes and tax credits 3,098 (768)
Changes in operating capital, net of effects of acquisition of businessess:    
Receivables 19,522 21,921
Inventories (4,757) (24,072)
Prepaid expenses and other current assets (2,344) (679)
Other assets and liabilities, net 305 (2,901)
Accounts payable (3,536) 25,365
Accrued expenses and other current liabilities (35,253) (20,713)
Accrued income taxes (1,259) (1,336)
Net cash provided by operating activities - continuing operations 28,911 39,836
Net cash provided (used) by operating activities - discontinued operations (381) 1,907
Net cash provided by operating activities 28,530 41,743
Cash used by investing activities:    
Capital and intangible asset expenditures (4,182) (4,082)
Proceeds from the sale of property and equipment   13
Net cash used by investing activities - continuing operations (4,182) (4,069)
Net cash used by investing activities - discontinued operations   (8,945)
Net cash used by investing activities (4,182) (13,014)
Cash used by financing activities:    
Proceeds from line of credit 161,200 131,200
Repayment of line of credit (149,300) (157,600)
Repayment of long-term debt (1,900) (5,700)
Proceeds from share issuances under share-based compensation plans 3,391 3,580
Payment of tax obligations resulting from cashless share award settlement (4,481) (6,788)
Payments for repurchases of common stock (37,067)  
Net cash used by financing activities - continuing operations (28,157) (35,308)
Net cash used in financing activities (28,157) (35,308)
Net decrease in cash and cash equivalents (3,809) (6,579)
Cash and cash equivalents, beginning balance 20,738 23,087
Cash and cash equivalents, ending balance 16,929 16,508
Less: Cash and cash equivalents of discontinued operations, ending balance   (598)
Cash and cash equivalents of continuing operations, ending balance $ 16,929 $ 17,106