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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Nov. 28, 2015
Nov. 29, 2014
Operating Activities    
Net earnings $ 45,406 $ 36,628
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 23,336 21,558
Stock-based compensation 3,686 3,705
Deferred income taxes (5,026) (1,022)
Excess tax benefits from stock-based compensation (4,990) (2,524)
Gain on disposal of assets (67) (835)
Other, net 562 (6)
Changes in operating assets and liabilities:    
Receivables 6,552 (20,697)
Inventories (3,419) (7,315)
Accounts payable and accrued expenses 1,296 3,041
Billings in excess of costs and earnings on uncompleted contracts 7,391 2,907
Refundable and accrued income taxes 13,159 3,551
Other, net (1,719) (1,911)
Net cash provided by (used in) operating activities 86,167 37,080
Investing Activities    
Capital expenditures (26,757) (18,659)
Sales/maturities of restricted investments 0 2,067
Purchases of marketable securities (64,551) (6,016)
Sales/maturities of marketable securities 3,765 6,821
Investments in corporate-owned life insurance policies (3,875) (535)
Net cash provided by (used in) investing activities (91,418) (16,322)
Financing Activities    
Proceeds from issuance of debt 350 1,904
Shares withheld for taxes, net of stock issued to employees (3,267) (3,615)
Excess tax benefits from stock-based compensation 4,990 2,524
Repurchase and retirement of common stock (7,257) (6,894)
Dividends paid (9,632) (8,875)
Net cash provided by (used in) financing activities (14,816) (14,956)
Decrease in cash and cash equivalents (20,067) 5,802
Effect of exchange rates on cash (1,405) (200)
Cash and cash equivalents at beginning of year 52,185 28,465
Cash and cash equivalents at end of period 30,713 34,067
Noncash Activity    
Capital expenditures in accounts payable $ 371 $ 855