v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2025
Aug. 31, 2024
Cash flows from operating activities:    
Net earnings $ 22,953 $ 20,995
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 4,519 4,566
Amortization of intangible assets 3,973 3,864
Loss from disposal of assets 0 43
Amortization of discount on short-term investments (25) (737)
Bad debt expense, net of recoveries 118 177
Stock based compensation 1,346 2,473
Net pension expense 913 992
Changes in operating assets and liabilities, net of the effects of acquisitions    
Accounts and other receivables (1,937) 4,639
Prepaid expenses and income taxes (78) (1,042)
Inventories (20,767) 227
Cash paid to pension plan 0 (1,200)
Other assets 31 0
Accounts payable and accrued expenses 7,320 (77)
Other liabilities 59 21
Net cash provided by operating activities 18,425 34,941
Cash flows from investing activities:    
Capital expenditures (2,793) (3,618)
Purchase of businesses, net of cash acquired (34,931) (5,622)
Purchase of short-term investments 0 (10,093)
Maturity of short-term investments 5,500 17,500
Proceeds from disposal of plant and property 270 56
Net cash used in investing activities (31,954) (1,777)
Cash flows from financing activities:    
Dividends paid (13,076) (12,956)
Common stock repurchases (8,553) (1,828)
Proceeds from exercise of stock options 44 0
Net cash used in financing activities (21,585) (14,784)
Net change in cash and cash equivalents (35,114) 18,380
Cash and cash equivalents at beginning of period 67,000 81,597
Cash and cash equivalents at end of period $ 31,886 $ 99,977