v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2026
May 31, 2025
Cash flows from operating activities:    
Net earnings $ 9,879 $ 9,799
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 2,159 2,239
Amortization of intangible assets 2,080 1,944
(Gain) loss from disposal of assets (10) 0
Amortization of discount on short-term investments 0 (25)
Bad debt expense, net of recoveries 107 90
Stock based compensation 379 568
Net pension expense 357 457
Changes in operating assets and liabilities, net of the effects of acquisitions    
Accounts and other receivables 3,957 (7,340)
Prepaid expenses and income taxes (64) (10)
Inventories (1,172) (11,798)
Other assets 16 16
Accounts payable and accrued expenses 3,532 11,953
Other liabilities 12 67
Net cash provided by operating activities 21,232 7,960
Cash flows from investing activities:    
Capital expenditures (352) (1,368)
Purchase of businesses, net of cash acquired 0 (34,931)
Maturity of short-term investments 0 5,500
Proceeds from disposal of plant and property 10 0
Net cash provided by (used in) investing activities (342) (30,799)
Cash flows from financing activities:    
Dividends paid (6,378) (6,571)
Common stock repurchases 0 (5,011)
Proceeds from exercise of stock options 0 44
Net cash used in financing activities (6,378) (11,538)
Net change in cash and cash equivalents 14,512 (34,377)
Cash and cash equivalents at beginning of period 34,570 67,000
Cash and cash equivalents at end of period $ 49,082 $ 32,623