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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 01, 2018
Dec. 02, 2017
Operating Activities    
Net earnings $ 57,778 $ 57,159
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 38,378 39,774
Stock-based compensation 4,724 4,645
Deferred income taxes 10,600 (3,339)
Gain on disposal of assets 2,499 78
Proceeds from New Markets Tax Credit transaction, net of deferred costs 8,850 0
Other, net (799) (1,286)
Changes in operating assets and liabilities:    
Receivables 9,291 (16,131)
Inventories 4,398 (1,915)
Costs and earnings on contracts in excess of billings (54,569) 567
Accounts payable and accrued expenses (20,072) (27,449)
Billings in excess of costs and earnings on uncompleted contracts 14,558 9,869
Refundable and accrued income taxes 1,831 7,108
Other, net (1,825) (2,685)
Net cash provided by (used in) operating activities 70,644 66,239
Investing Activities    
Capital expenditures (33,867) (38,946)
Proceeds from sales of property, plant and equipment 12,332 253
Acquisition of business, net of cash acquired 0 184,826
Purchases of marketable securities (9,006) (10,154)
Sales/maturities of marketable securities 5,813 9,288
Other (2,209) 941
Net cash provided by (used in) investing activities (26,937) (223,444)
Financing Activities    
Borrowings on line of credit 294,500 314,700
Payments on line of credit 278,000 150,700
Shares withheld for taxes, net of stock issued to employees (1,591) (1,561)
Repurchase and retirement of common stock 23,313 10,833
Dividends paid (13,180) (11,971)
Proceeds from (Payments for) Other Financing Activities 413 2,039
Net cash provided by (used in) financing activities (21,171) 141,674
Decrease in cash and cash equivalents 22,536 (15,531)
Effect of exchange rates on cash (498) 1,079
Cash, cash equivalents and restricted cash at beginning of year 19,359 27,297
Cash, cash equivalents and restricted cash at end of period 41,397 12,845
Noncash Activity    
Capital expenditures in accounts payable $ 5,771 $ 1,859