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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Feb. 27, 2016
Feb. 28, 2015
Mar. 01, 2014
Operating Activities      
Net earnings $ 65,342 $ 50,516 $ 27,986
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 31,248 29,423 26,550
Share-based compensation 4,923 4,793 4,661
Deferred income taxes (6,139) 4,274 (5,280)
Excess tax benefits from share-based compensation (4,992) (3,236) (2,725)
Gain on disposal of assets (198) (933) (1,629)
Proceeds from new markets tax credit transaction, net of deferred costs 0 0 7,471
Other, net 1,017 229 51
Changes in operating assets and liabilities:      
Receivables (2,918) (18,588) (19,229)
Inventories (2,798) (8,660) (6,130)
Accounts payable and accrued expenses 17,265 12,871 18,282
Billings in excess of costs and earnings on uncompleted contracts 9,657 (324) 1,202
Refundable and accrued income taxes 12,589 (1,091) 3,449
Other, net (1,045) (711) (1,738)
Net cash provided by operating activities 123,951 68,563 52,921
Investing Activities      
Capital expenditures (42,037) (27,220) (41,852)
Purchases of marketable securities (35,814) (6,142) (14,562)
Sales/maturities of marketable securities 4,047 6,946 41,020
Acquisition of businesses and intangibles, net of cash acquired 0 0 (53,301)
Purchases of restricted investments 0 0 (36,200)
Sales/maturities of restricted investments 0 2,532 60,115
Other, net (4,052) (591) 806
Net cash used in investing activities (77,856) (24,475) (43,974)
Financing Activities      
Payments on debt, net (56) (139) (10,247)
Shares withheld for taxes, net of stock issued to employees (3,254) (3,905) 710
Excess tax benefits from share-based compensation 4,992 3,236 2,725
Repurchase and retirement of common stock (24,911) (6,894) 0
Dividends paid (13,184) (12,071) (10,764)
Net cash used in financing activities (36,413) (19,773) (17,576)
Increase (decrease) in cash and cash equivalents 9,682 24,315 (8,629)
Effect of exchange rates on cash (1,397) (595) (673)
Cash and cash equivalents at beginning of year 52,185 28,465 37,767
Cash and cash equivalents at end of period 60,470 52,185 28,465
Noncash Activity      
Capital expenditures in accounts payable $ 2,737 $ 2,656 $ 761