v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 29, 2024
Cash flows from operating activities:      
Net earnings $ 42,627 $ 40,222 $ 42,597
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 9,047 8,843 9,863
Amortization of intangible assets 8,079 7,726 7,649
(Gain) loss from disposal of assets (13) (58) 53
Accrued interest on short-term investments (25) (1,057) (431)
Credit losses 296 301 657
Stock based compensation 2,510 3,976 1,173
Deferred income taxes (1,218) (1,695) (1,653)
Net pension expense 1,829 1,982 1,919
Cash Paid to Pension Plan 0 (1,200) (1,200)
Changes in operating assets and liabilities, net of the effects of acquisitions:      
Accounts receivable 1,088 9,494 8,872
Prepaid expenses and income taxes 72 499 (271)
Inventories (12,848) 3,066 9,116
Other assets 78 (4,376) 120
Accounts payable and accrued expenses 1,123 (882) (8,599)
Other liabilities 88 (986) (796)
Net cash provided by operating activities 52,733 65,855 69,069
Cash flows from investing activities:      
Capital expenditures (11,707) (5,889) (6,500)
Purchase of businesses, net of cash acquired (38,930) (6,187) (19,609)
Purchase of investment securities 0 (10,093) (31,394)
Maturity of investment securities 5,500 35,000 2,500
Proceeds from disposal of plant and property 289 369 9
Net cash provided by (used in) investing activities (44,848) 13,200 (54,994)
Cash flows from financing activities:      
Dividends paid (25,902) (91,988) (25,860)
Common stock repurchases (14,456) (1,837) (586)
Proceeds from exercise of stock options 43 173 0
Net cash used in financing activities (40,315) (93,652) (26,446)
Net change in cash (32,430) (14,597) (12,371)
Cash and cash equivalents at beginning of period 67,000 81,597 93,968
Cash and cash equivalents at end of period $ 34,570 $ 67,000 $ 81,597