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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2019
Nov. 30, 2018
Cash provided by operating activities:    
Net income $ 155,488 $ 131,279
Less: Loss from discontinued operations 0 (5,231)
Income from continuing operations 155,488 136,510
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 24,876 22,490
Amortization of financing costs 763 761
Non-cash operating lease asset amortization 1,371  
Provision for doubtful receivables 484 725
Non-cash share-based compensation 18,743 17,029
Gain on the sale or disposal of property and equipment (14) (536)
Deferred income taxes and tax credits (511) 4,060
Changes in operating capital, net of effects of acquisition of businesses:    
Receivables (85,747) (64,284)
Inventories (31,317) (49,137)
Prepaid expenses and other current assets (1,269) (1,149)
Other assets and liabilities, net 21,091 5,554
Accounts payable (2,037) 16,694
Accrued expenses and other current liabilities 477 17,809
Accrued income taxes (980) 2,969
Net cash provided by operating activities - continuing operations 101,418 109,495
Net cash used by operating activities - discontinued operations 0 (5,231)
Net cash provided by operating activities 101,418 104,264
Cash used by investing activities:    
Capital and intangible asset expenditures (13,247) (22,166)
Proceeds from the sale of property and equipment 3 1,125
Net cash used by investing activities - continuing operations (13,244) (21,041)
Net cash used by investing activities - discontinued operations 0 0
Net cash used by investing activities (13,244) (21,041)
Cash used by financing activities:    
Proceeds from line of credit 406,600 462,350
Repayment of line of credit (482,000) (411,350)
Repayment of long-term debt (1,900) (1,900)
Proceeds from share issuances under share-based compensation plans 7,025 8,490
Payments for repurchases of common stock (10,133) (142,415)
Net cash used by financing activities - continuing operations (80,408) (84,825)
Net cash used by financing activities - discontinued operations 0 0
Net cash used by financing activities (80,408) (84,825)
Net increase (decrease) in cash and cash equivalents 7,766 (1,602)
Cash and cash equivalents, beginning balance 11,871 20,738
Cash and cash equivalents, ending balance 19,637 19,136
Less: Cash and cash equivalents of discontinued operations, ending balance 0 0
Cash and cash equivalents of continuing operations, ending balance 19,637 $ 19,136
Supplemental non-cash items not included above resulting from the adoption of ASC 842    
Initial recognition of lease liabilities $ 45,091