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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 03, 2018
Mar. 04, 2017
Feb. 27, 2016
Operating Activities      
Net earnings $ 79,488 $ 85,790 $ 65,342
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 54,843 35,607 31,248
Share-based compensation 6,205 5,986 4,923
Deferred income taxes 3,195 (1,065) (6,139)
Gain (loss) on disposal of assets 1,037 (371) (198)
Proceeds from new markets tax credit transaction, net of deferred costs 0 5,109 0
Other, net (1,431) (2,331) 1,017
Changes in operating assets and liabilities:      
Receivables 18,172 3,460 (2,918)
Inventories 11,521 (6,387) (2,798)
Accounts payable and accrued expenses (25,627) 17,449 17,265
Billings in excess of costs and earnings on uncompleted contracts (16,541) (9,991) 9,657
Refundable and accrued income taxes 315 (9,647) 12,589
Other, net (3,714) 392 (1,045)
Net cash provided by operating activities 127,463 124,001 128,943
Investing Activities      
Capital expenditures (53,196) (68,061) (42,037)
Purchases of marketable securities (10,244) (3,705) (35,814)
Sales/maturities of marketable securities 10,476 36,433 4,047
Acquisition of business and intangibles (182,849) (137,932) 0
Change in restricted cash 7,834 (7,834) 0
Other, net 2,245 (2,659) (4,052)
Net cash used in investing activities (225,734) (183,758) (77,856)
Financing Activities      
Borrowings on line of credit 385,700 121,000 0
Payments on line of credit (235,740) (76,012) 0
Borrowings (payments) on debt, net 155 (396) (56)
Shares withheld for taxes, net of stock issued to employees (1,712) (446) (3,254)
Repurchase and retirement of common stock (33,676) (10,817) (24,911)
Dividends paid (16,393) (14,667) (13,184)
Net cash provided by (used in) financing activities 98,334 18,662 (41,405)
(Decrease) increase in cash and cash equivalents 63 (41,095) 9,682
Effect of exchange rates on cash (167) 88 (1,397)
Cash and cash equivalents at beginning of year 19,463 60,470 52,185
Cash and cash equivalents at end of period 19,359 19,463 60,470
Noncash Activity      
Capital expenditures in accounts payable 1,784 3,254 (2,737)
Deferred payments on acquisition of business $ 7,500 $ 0 $ 0