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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 02, 2017
Aug. 27, 2016
Operating Activities    
Net earnings $ 33,512 $ 40,119
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 25,062 15,955
Stock-based compensation 3,063 2,935
Deferred income taxes (751) (1,320)
Gain on disposal of assets 37 183
Proceeds from New Markets Tax Credit transaction, net of deferred costs 0 5,109
Other, net (1,168) (1,424)
Changes in operating assets and liabilities:    
Receivables 8,683 (14,297)
Inventories (6,837) (4,876)
Accounts payable and accrued expenses (33,982) (7,511)
Billings in excess of costs and earnings on uncompleted contracts 4,819 10,711
Refundable and accrued income taxes 7,079 (1,310)
Other, net 1,366 (366)
Net cash provided by (used in) operating activities 40,809 43,542
Investing Activities    
Capital expenditures (26,825) (31,474)
Proceeds from sales of property, plant and equipment 64 1,713
Acquisition of business, net of cash acquired 184,826 0
Change in restricted cash (7,834) 16,949
Purchases of marketable securities (5,436) (2,845)
Sales/maturities of marketable securities 4,271 2,294
Other, net 1,099 (2,044)
Net cash provided by (used in) investing activities (203,819) (49,305)
Financing Activities    
Borrowings on line of credit 284,200 0
Payments on line of credit 94,000 0
Shares withheld for taxes, net of stock issued to employees (1,612) (956)
Repurchase and retirement of common stock 10,833 0
Dividends paid (7,994) (7,133)
Proceeds from (Payments for) Other Financing Activities (1,759) 16
Net cash provided by (used in) financing activities 171,520 (8,105)
Decrease in cash and cash equivalents 8,510 (13,868)
Effect of exchange rates on cash 1,555 374
Cash and cash equivalents at beginning of year 19,463 60,470
Cash and cash equivalents at end of period 29,528 46,976
Noncash Activity    
Capital expenditures in accounts payable 1,196 2,520
Deferred payments on acquisition of business $ 7,500 $ 0