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Consolidated Statements of Cash Flows
12 Months Ended
Feb. 28, 2019
USD ($)
Feb. 28, 2018
USD ($)
Feb. 28, 2017
USD ($)
Cash provided by operating activities:      
Net income $ 168,545,000 $ 44,446,000 $ 140,689,000
Less: Loss from discontinued operations (5,679,000) (84,436,000) (3,621,000)
Income from continuing operations 174,224,000 128,882,000 144,310,000
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 29,927,000 33,730,000 36,175,000
Amortization of financing costs 1,015,000 887,000 706,000
Provision for doubtful receivables 1,097,000 1,066,000 2,277,000
Non-cash share-based compensation 22,053,000 15,054,000 13,861,000
Non-cash intangible asset impairment charges 0 15,447,000 2,900,000
(Gain) loss on the sale or disposal of property and equipment (540,000) 331,000 197,000
Deferred income taxes and tax credits 7,636,000 21,264,000 (7,499,000)
Changes in operating assets and liabilities:      
Receivables (5,812,000) (44,921,000) (4,721,000)
Inventories (50,828,000) 29,366,000 17,161,000
Prepaid expenses and other current assets 239,000 (383,000) (1,908,000)
Other assets and liabilities, net 7,549,000 (16,728,000) (814,000)
Accounts payable 14,219,000 23,689,000 6,299,000
Accrued expenses and other current liabilities (1,526,000) 12,293,000 7,023,000
Accrued income taxes 1,315,000 (1,368,000) (3,476,000)
Net cash provided by operating activities - continuing operations 200,568,000 218,609,000 212,491,000
Net cash provided (used) by operating activities - discontinued operations (5,265,000) 5,598,000 16,010,000
Net cash provided by operating activities 195,303,000 224,207,000 228,501,000
Cash provided (used) by investing activities:      
Capital and intangible asset expenditures (26,385,000) (13,605,000) (15,507,000)
Proceeds from the sale of property and equipment 1,138,000 13,000 32,000
Payments to acquire businesses, net of cash acquired 0 0 (209,267,000)
Net cash used by investing activities - continuing operations (25,247,000) (13,592,000) (224,742,000)
Net cash provided (used) by investing activities - discontinued operations 0 49,226,000 (5,112,000)
Net cash provided (used) by investing activities (25,247,000) 35,634,000 (229,854,000)
Cash used by financing activities:      
Proceeds from line of credit 667,250,000 521,200,000 470,900,000
Repayment of line of credit (635,450,000) (692,500,000) (580,300,000)
Repayment of long-term debt (1,900,000) (25,700,000) (23,800,000)
Payment of financing costs   0 (2,299,000)
Proceeds from share issuances under share-based compensation plans 8,670,000 7,863,000 9,734,000
Repurchases of common stock in the open market and from share settlements (217,493,000) (73,053,000) (75,595,000)
Net cash used by financing activities - continuing operations (178,923,000) (262,190,000) (201,360,000)
Net cash provided by financing activities - discontinued operations 0 0 0
Net cash used by financing activities (178,923,000) (262,190,000) (201,360,000)
Net cash used by financing activities (8,867,000) (2,349,000) (202,713,000)
Cash and cash equivalents, beginning balance 20,738,000 23,087,000 225,800,000
Cash and cash equivalents, ending balance 11,871,000 20,738,000 23,087,000
Less: Cash and cash equivalents of discontinued operations, ending balance 0 0 (761,000)
Cash and cash equivalents of continuing operations, ending balance 11,871,000 20,738,000 23,848,000
Supplemental cash flow information:      
Interest paid 11,292,000 13,543,000 9,978,000
Income taxes paid, net of refunds $ 4,277,000 $ 6,081,000 $ 15,950,000