| Feb'20 | Feb'19 | Feb'18 | Feb'17 | Feb'16 | Feb'15 | Feb'14 | Feb'13 | Feb'12 | Feb'11 | Feb'10 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash provided by operating activities: | ||||||||||
Net income | ||||||||||
152,333 | 168,545 | 44,446 | 140,689 | 101,228 | 131,164 | 86,248 | 115,666 | 110,374 | 93,305 | 71,817 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||||
0 | -5,679 | -84,436 | -3,621 | 8,237 | - | - | - | - | - | - |
Income from continuing operations | ||||||||||
152,333 | 174,224 | 128,882 | 144,310 | 92,991 | - | - | - | - | - | - |
Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
37,409 | 29,927 | 33,730 | 36,175 | 34,889 | 39,653 | 33,839 | 34,425 | 30,178 | 18,502 | 15,261 |
Amortization of Debt Issuance Costs | ||||||||||
1,620 | 1,015 | 887 | 706 | 651 | 1,846 | 911 | 903 | - | - | - |
Non-cash operating lease asset amortization | ||||||||||
1,682 | - | - | - | - | - | - | - | - | - | - |
Provision for doubtful receivables | ||||||||||
529 | 1,097 | 1,066 | 2,277 | 223 | 299 | 400 | 188 | 548 | 865 | 448 |
Non-cash share-based compensation | ||||||||||
22,929 | 22,053 | 15,054 | 13,861 | 7,164 | 5,974 | 31,683 | 5,913 | 2,928 | 2,017 | 1,744 |
Non-cash intangible asset impairment charges | ||||||||||
41,000 | 0 | 15,447 | 2,900 | 6,000 | 9,000 | 12,049 | - | - | 2,161 | - |
Non-cash Venezuelan re-measurement related charges | ||||||||||
- | - | - | - | 17,441 | - | - | - | - | - | - |
Intangible asset impairment charges | ||||||||||
- | - | - | - | - | - | - | - | - | - | 900 |
Loss (gain) on the sale or disposal of property and equipment | ||||||||||
-188 | 540 | -331 | -197 | -84 | -49 | -81 | -175 | 537 | -22 | -115 |
Realized and unrealized loss on investments | ||||||||||
- | - | - | - | - | - | - | - | -697 | - | 417 |
Write off of deferred finance costs due to early extinguishment of debt | ||||||||||
- | - | - | - | - | - | - | - | - | 92 | - |
Deferred income taxes and tax credits | ||||||||||
-5,696 | 7,636 | 21,264 | -7,499 | -2,384 | -1,830 | -10,109 | -12,061 | 5,070 | 2,219 | 3,316 |
Changes in operating assets and liabilities, net of effects of acquisition of business: | ||||||||||
Receivables | ||||||||||
60,562 | 5,812 | 44,921 | 4,721 | 3,437 | 9,487 | -6,265 | 24,624 | 7,368 | 166 | 6,622 |
Inventories | ||||||||||
-45,482 | 50,828 | -29,366 | -17,161 | 14,896 | -2,274 | 8,383 | 34,625 | 28,912 | 26,049 | -45,653 |
Prepaid expenses and other current assets | ||||||||||
-863 | -239 | 383 | 1,908 | 2,224 | -2,317 | -1,166 | 1,545 | 1,927 | 75 | -334 |
Other assets and liabilities, net | ||||||||||
-24,075 | -7,549 | 16,728 | 814 | -9,957 | -2,448 | 1,867 | 326 | -189 | 917 | 476 |
Accounts payable | ||||||||||
7,166 | 14,219 | 23,689 | 6,299 | 3,949 | 16,502 | 3,733 | 2,507 | -3,476 | -8,130 | 1,121 |
Accrued expenses and other current liabilities | ||||||||||
5,296 | -1,526 | 12,293 | 7,023 | 18,673 | -21,135 | 8,129 | 1,360 | -4,874 | 8,479 | 15,775 |
Accrued income taxes | ||||||||||
-3,021 | 1,315 | -1,368 | -3,476 | 1,180 | 190 | -9,980 | -398 | 990 | -4,895 | 3,130 |
Net cash provided by operating activities - continuing operations | ||||||||||
271,293 | 200,568 | 218,609 | 212,491 | 170,263 | 179,264 | 154,165 | 87,558 | 103,880 | 87,430 | 152,099 |
Net cash provided (used) by operating activities - discontinued operations | ||||||||||
0 | -5,265 | 5,598 | 16,010 | 16,282 | - | - | - | - | - | - |
Net cash provided by operating activities | ||||||||||
271,293 | 195,303 | 224,207 | 228,501 | 186,545 | - | - | - | - | - | - |
Cash provided (used) by investing activities: | ||||||||||
Payments to Acquire Productive Assets | ||||||||||
17,759 | 26,385 | 13,605 | 15,507 | 16,676 | 6,521 | 40,463 | 14,688 | 16,051 | 4,629 | 7,715 |
Proceeds from the sale of property and equipment | ||||||||||
3 | 1,138 | 13 | 32 | 7 | - | 5 | 26 | 2,339 | 78 | 45 |
Note receivable from land sale | ||||||||||
- | - | - | - | - | - | - | -737 | 733 | - | - |
Payments to acquire investments | ||||||||||
- | - | - | - | - | - | - | - | - | - | 9 |
Proceeds from sale of investments | ||||||||||
- | - | - | - | - | - | - | - | 22,421 | 350 | 1,246 |
Payments to acquire businesses, net of cash acquired | ||||||||||
255,861 | 0 | 0 | 209,267 | 43,150 | 195,943 | - | - | 160,000 | 336,240 | 60,000 |
Net cash used by investing activities - continuing operations | ||||||||||
-273,617 | -25,247 | -13,592 | -224,742 | -59,819 | -202,464 | -40,458 | -13,925 | -152,024 | -340,441 | -66,433 |
Net cash provided (used) by investing activities - discontinued operations | ||||||||||
0 | 0 | 49,226 | -5,112 | -3,927 | - | - | - | - | - | - |
Net cash provided (used) by investing activities | ||||||||||
-273,617 | -25,247 | 35,634 | -229,854 | -63,746 | - | - | - | - | - | - |
Cash used by financing activities: | ||||||||||
Proceeds from line of credit | ||||||||||
771,300 | 667,250 | 521,200 | 470,900 | 802,600 | 769,000 | 107,300 | 234,650 | 1,369,850 | 94,000 | - |
Repayment of line of credit | ||||||||||
752,500 | 635,450 | 692,500 | 580,300 | 590,000 | 431,500 | 189,300 | 323,750 | 1,269,750 | 23,000 | - |
Proceeds from issuance of long-term debt | ||||||||||
- | - | - | - | - | - | 37,607 | - | - | 100,000 | - |
Repayment of long-term debt | ||||||||||
1,900 | 1,900 | 25,700 | 23,800 | 21,900 | 96,900 | 20,000 | 3,000 | 53,000 | 3,000 | 78,000 |
Payment of financing costs | ||||||||||
- | - | - | 2,299 | 19 | 4,585 | 367 | 28 | 499 | 3,898 | - |
Proceeds from share issuances under share-based compensation plans | ||||||||||
8,189 | 8,670 | 7,863 | 9,734 | 12,025 | 7,621 | 10,285 | 10,392 | 8,688 | 7,594 | - |
Payment of tax obligations resulting from cashless share award settlements | ||||||||||
- | - | - | - | 12,000 | 4,569 | 6,445 | - | 12,591 | - | 7,166 |
Proceeds from exercise of stock options and employee stock purchases, including tax benefits | ||||||||||
- | - | - | - | - | - | - | - | - | - | 7,365 |
Repurchases of common stock in the open market and from share settlements | ||||||||||
10,169 | 217,493 | 73,053 | 75,595 | 100,000 | 273,599 | 1,311 | 1,759 | - | 1,799 | 419 |
Share-based compensation tax benefit | ||||||||||
- | - | - | - | - | - | 5,709 | 858 | 99 | 99 | 87 |
Net cash used by financing activities - continuing operations | ||||||||||
- | - | - | -201,360 | 90,706 | -34,532 | -56,522 | -82,637 | 42,797 | 169,996 | -78,133 |
Net cash used by financing activities - discontinued operations | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | - |
Net cash provided (used) by financing activities | ||||||||||
14,920 | -178,923 | -262,190 | -201,360 | 90,706 | - | - | - | - | - | - |
Net cash provided (used) by financing activities | ||||||||||
12,596 | -8,867 | -2,349 | -202,713 | 213,505 | -57,732 | 57,185 | -9,004 | -5,347 | -83,015 | 7,533 |
Supplemental cash flow information: | ||||||||||
Interest paid | ||||||||||
12,777 | 11,292 | 13,543 | 9,978 | 13,990 | 13,990 | 10,632 | 11,681 | 12,719 | 8,632 | 10,781 |
Income taxes paid, net of refunds | ||||||||||
23,279 | 4,277 | 6,081 | 15,950 | 16,591 | 16,591 | 31,289 | 26,449 | -797 | 11,226 | -2,913 |
Supplemental non-cash items not included above resulting from the adoption of ASC 842 | ||||||||||
Initial recognition of operating lease asset | ||||||||||
37,082 | - | - | - | - | - | - | - | - | - | - |
Initial recognition of lease liabilities | ||||||||||
47,223 | - | - | - | - | - | - | - | - | - | - |
Accrued expenses and other current liabilities | ||||||||||
-2,873 | - | - | - | - | - | - | - | - | - | - |
Other assets and liabilities, net | ||||||||||
-7,311 | - | - | - | - | - | - | - | - | - | - |
Prepaid expenses and other current assets | ||||||||||
43 | - | - | - | - | - | - | - | - | - | - |
Value of common stock received as exercise price of options | ||||||||||
- | - | - | - | 257 | 257 | 492 | 1,627 | 27,482 | 226 | 23,261 |
Transfer of auction rate securities from noncurrent assets to investments | ||||||||||
- | - | - | - | - | - | - | - | 18,950 | - | - |