Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
3 Months Ended |
May 31, 2016 |
May 31, 2015 |
| Operating activities |
|
|
| Net income (loss) |
$ 2,784
|
$ (3,832)
|
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
| Depreciation, amortization and impairment expense |
4,281
|
2,174
|
| Stock-based compensation expense |
7,937
|
6,544
|
| Excess tax benefits from equity compensation plans |
(141)
|
(2,144)
|
| Deferred income taxes |
261
|
145
|
| Other |
(225)
|
337
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable, net |
1,015
|
(2,339)
|
| Inventories, net |
(363)
|
(263)
|
| Income taxes, net |
1,452
|
2,289
|
| Deferred costs |
(26)
|
(1,379)
|
| Other assets |
(1,669)
|
283
|
| Accounts payable |
(3,283)
|
(3,113)
|
| Accrued payroll and related benefits |
69
|
(61)
|
| Other liabilities |
(255)
|
(352)
|
| Deferred revenue |
277
|
8,013
|
| Net cash provided by operating activities |
12,114
|
6,302
|
| Investing activities |
|
|
| Purchases of marketable securities |
(11,572)
|
(8,493)
|
| Proceeds from the sale of marketable securities |
5,351
|
3,203
|
| Proceeds from the maturity of marketable securities |
3,831
|
3,026
|
| Purchases of non-marketable investments |
636
|
0
|
| Purchases of property and equipment |
(1,949)
|
(1,876)
|
| Business combinations, net of cash acquired |
(183)
|
0
|
| Net cash used in investing activities |
(5,158)
|
(4,140)
|
| Financing activities |
|
|
| Proceeds from issuance of common stock |
3,031
|
3,248
|
| Taxes paid related to net share settlement of equity awards |
(1,554)
|
(2,176)
|
| Excess tax benefits from equity compensation plans |
141
|
2,144
|
| Employee loans extended, net of repayment |
(34)
|
(276)
|
| Repayment of note payable |
(67)
|
(63)
|
| Repurchases of common stock |
(280)
|
0
|
| Other |
0
|
(156)
|
| Net cash provided by financing activities |
1,237
|
2,721
|
| Effect of exchange rate changes on cash and cash equivalents |
135
|
(194)
|
| Net increase in cash and cash equivalents |
8,328
|
4,689
|
| Cash and cash equivalents at beginning of period |
118,654
|
151,373
|
| Cash and cash equivalents at end of period |
$ 126,982
|
$ 156,062
|