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Condensed Consolidated Statements Of Cash Flows - USD ($)
9 Months Ended
Nov. 22, 2024
Nov. 24, 2023
OPERATING ACTIVITIES    
Net income $ 93,100,000 $ 59,800,000
Depreciation and amortization 60,200,000 62,800,000
Share-based compensation 19,700,000 22,100,000
Restructuring costs 10,500,000 18,100,000
Gains on sales of fixed assets, net (41,500,000) (10,500,000)
Change in fair value of contingent consideration 0 (9,500,000)
Other Operating Activities, Cash Flow Statement (500,000) (1,900,000)
Changes in operating assets and liabilities net of acquisitions:    
Increase (Decrease) in Accounts Receivable 4,700,000 (5,800,000)
Increase (Decrease) in Inventories 15,800,000 (59,800,000)
Increase (Decrease) in Cloud computing arrangements expenditures (32,900,000) (1,100,000)
Increase (Decrease) in Other Operating Assets (500,000) (3,200,000)
Increase (Decrease) in Accounts Payable 35,100,000 30,200,000
Increase (Decrease) in Other Employee-Related Liabilities (6,800,000) 17,300,000
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities 32,000,000.0 1,600,000
Net cash provided by operating activities 147,900,000 251,300,000
INVESTING ACTIVITIES    
Capital expenditures (35,600,000) (37,400,000)
Proceeds from disposal of fixed assets 44,400,000 28,200,000
Payments to Acquire Short-term Investments (44,000,000.0) 0
Liquidations of short-term investments 3,300,000 0
Payments for (Proceeds from) Other Investing Activities 3,900,000 4,000,000.0
Net Cash Provided by (Used in) Investing Activities, Total (28,000,000.0) (5,200,000)
FINANCING ACTIVITIES    
Dividends paid (35,800,000) (35,700,000)
Payments for Repurchase of Common Stock (36,300,000) (4,200,000)
Borrowings on global committed bank facility 0 69,000,000.0
Repayments on global committed bank facility 0 (69,000,000.0)
Repayments on note payable 0 (32,200,000)
Proceeds from (Payments for) Other Financing Activities 0 (1,900,000)
Net Cash Provided by (Used in) Financing Activities, Total (72,100,000) (74,000,000.0)
Effect of exchange rate changes on cash and cash equivalents (1,300,000) (200,000)
Net increase in cash, cash equivalents and restricted cash 46,500,000 171,900,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance [1] 325,900,000 97,200,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance [2] 372,400,000 269,100,000
Restricted Cash 7,200,000 7,100,000
Change in fair value of contingent consideration $ 0 $ (9,500,000)
[1] These amounts include restricted cash of $7.3 and $6.8 as of February 23, 2024 and February 24, 2023, respectively.
[2] These amounts include restricted cash of $7.2 and $7.1 as of November 22, 2024 and November 24, 2023, respectively.