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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
May 31, 2019
May 31, 2018
Cash provided by operating activities:    
Net income $ 40,694 $ 37,792
Less: Loss from discontinued operations 0 (381)
Income from continuing operations 40,694 38,173
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 7,767 7,982
Amortization of financing costs 255 255
Non-cash operating lease asset amortization 654  
Provision for doubtful receivables 54 369
Non-cash share-based compensation 7,604 6,324
Loss on the sale or disposal of property and equipment 0 32
Deferred income taxes and tax credits 1,941 3,098
Changes in operating capital, net of effects of acquisition of businesses:    
Receivables 17,715 19,522
Inventories (33,005) (4,757)
Prepaid expenses and other current assets (9,282) (2,344)
Other assets and liabilities, net 9,138 305
Accounts payable (4,500) (3,536)
Accrued expenses and other current liabilities (22,842) (35,253)
Accrued income taxes (517) (1,259)
Net cash provided by operating activities - continuing operations 15,676 28,911
Net cash used by operating activities - discontinued operations 0 (381)
Net cash provided by operating activities 15,676 28,530
Cash used by investing activities:    
Capital and intangible asset expenditures (3,718) (4,182)
Proceeds from the sale of property and equipment 0 0
Net cash used by investing activities - continuing operations (3,718) (4,182)
Net cash used by investing activities - discontinued operations 0 0
Net cash used by investing activities (3,718) (4,182)
Cash used by financing activities:    
Proceeds from line of credit 165,300 161,200
Repayment of line of credit (163,300) (149,300)
Repayment of long-term debt (1,900) (1,900)
Proceeds from share issuances under share-based compensation plans 3,234 3,391
Payments for repurchases of common stock (8,788) (41,548)
Net cash used by financing activities - continuing operations (5,454) (28,157)
Net cash used by financing activities - discontinued operations 0 0
Net cash used by financing activities (5,454) (28,157)
Net decrease in cash and cash equivalents 6,504 (3,809)
Cash and cash equivalents, beginning balance 11,871 20,738
Cash and cash equivalents, ending balance 18,375 16,929
Less: Cash and cash equivalents of discontinued operations, ending balance 0 0
Cash and cash equivalents of continuing operations, ending balance 18,375 $ 16,929
Supplemental non-cash items not included above resulting from the adoption of ASC 842    
Initial recognition of lease liabilities $ 46,931