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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
May. 30, 2015
May. 31, 2014
Operating Activities    
Net earnings $ 12,126 $ 6,102
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,741 6,766
Stock-based compensation 1,040 1,250
Deferred income taxes 358 (501)
Excess tax benefits from stock-based compensation (3,619) (1,589)
Gain on disposal of assets (102) (453)
Other, net 39 12
Changes in operating assets and liabilities:    
Receivables 10,820 586
Inventories (1,240) (2,268)
Accounts payable and accrued expenses (18,129) (11,677)
Billings in excess of costs and earnings on uncompleted contracts 7,191 985
Refundable and accrued income taxes 5,361 2,825
Other, net (731) (842)
Net cash provided by (used in) operating activities 20,855 1,196
Investing Activities    
Capital expenditures (8,753) (8,738)
Proceeds from sales of property, plant and equipment 1 201
Sales/maturities of restricted investments 0 798
Purchases of marketable securities (35,787) (484)
Sales/maturities of marketable securities 1,696 868
Investments in corporate-owned life insurance policies (823) 0
Net cash provided by (used in) investing activities (43,666) (7,355)
Financing Activities    
Proceeds from issuance of debt 1,199 0
Payments on debt (10) (12)
Shares withheld for taxes, net of stock issued to employees (2,028) (3,164)
Excess tax benefits from stock-based compensation 3,619 1,589
Repurchase and retirement of common stock 0 (863)
Dividends paid (3,215) (3,078)
Net cash provided by (used in) financing activities (435) (5,528)
Decrease in cash and cash equivalents (23,246) (11,687)
Effect of exchange rates on cash (735) 315
Cash and cash equivalents at beginning of year 52,185 28,465
Cash and cash equivalents at end of period 28,204 17,093
Noncash Activity    
Capital expenditures in accounts payable $ 1,363 $ 921