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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 01, 2018
Sep. 02, 2017
Operating Activities    
Net earnings $ 35,887 $ 33,512
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 26,457 25,062
Stock-based compensation 3,119 3,063
Deferred income taxes 6,061 (751)
Gain on disposal of assets 815 37
Proceeds from New Markets Tax Credit transaction, net of deferred costs 6,052 0
Other, net (682) (1,168)
Changes in operating assets and liabilities:    
Receivables 10,598 8,683
Inventories 2,747 (7,072)
Costs and earnings on contracts in excess of billings (39,191) 235
Accounts payable and accrued expenses (15,409) (33,982)
Billings in excess of costs and earnings on uncompleted contracts 12,449 4,819
Refundable and accrued income taxes 2,130 7,079
Other, net (1,474) 1,366
Net cash provided by (used in) operating activities 47,929 40,809
Investing Activities    
Capital expenditures (24,241) (26,825)
Proceeds from sales of property, plant and equipment 774 64
Acquisition of business, net of cash acquired 0 184,826
Purchases of marketable securities (9,066) (5,436)
Sales/maturities of marketable securities 4,943 4,271
Other, net (2,209) 1,099
Net cash provided by (used in) investing activities (29,799) (211,653)
Financing Activities    
Borrowings on line of credit 205,000 284,200
Payments on line of credit 196,500 94,000
Shares withheld for taxes, net of stock issued to employees (1,431) (1,612)
Repurchase and retirement of common stock 0 10,833
Dividends paid (8,823) (7,994)
Proceeds from (Payments for) Other Financing Activities 496 1,759
Net cash provided by (used in) financing activities (1,258) 171,520
Decrease in cash and cash equivalents 16,872 676
Effect of exchange rates on cash (266) 1,555
Cash, cash equivalents and restricted cash at beginning of year 19,359 27,297
Cash, cash equivalents and restricted cash at end of period 35,965 29,528
Noncash Activity    
Capital expenditures in accounts payable $ 1,756 $ 1,196