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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 02, 2019
Mar. 03, 2018
Mar. 04, 2017
Operating Activities      
Net earnings $ 45,694 $ 79,488 $ 85,790
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 49,798 54,843 35,607
Share-based compensation 6,286 6,205 5,986
Deferred income taxes (5,506) 3,195 (1,065)
(Loss) gain on disposal of assets (2,475) 1,037 (371)
Impairment on intangible assets 3,141 0 0
Proceeds from new markets tax credit transaction, net of deferred costs 8,850 0 5,109
Other, net (2,179) (1,431) (2,331)
Changes in operating assets and liabilities:      
Receivables 18,164 18,172 3,460
Inventories 5,114 10,387 (10,318)
Costs and earnings on contracts in excess of billings (48,712) 1,134 3,931
Accounts payable and accrued expenses 7,600 (25,627) 17,449
Billings in excess of costs and earnings on uncompleted contracts 9,026 (16,541) (9,991)
Refundable and accrued income taxes 3,680 315 (9,647)
Other, net (2,058) (3,714) 392
Net cash provided by operating activities 96,423 127,463 124,001
Investing Activities      
Capital expenditures (60,717) (53,196) (68,061)
Purchases of marketable securities (9,213) (10,244) (3,705)
Sales/maturities of marketable securities 6,110 10,476 36,433
Proceeds from sales of property, plant and equipment 12,333 1,394 1,729
Acquisition of business and intangibles 0 (182,849) (137,932)
Other, net (2,209) 851 (4,388)
Net cash used in investing activities (53,696) (233,568) (175,924)
Financing Activities      
Borrowings on line of credit 363,000 385,700 121,000
Payments on line of credit (333,000) (235,740) (76,012)
Shares withheld for taxes, net of stock issued to employees (1,531) (1,712) (446)
Repurchase and retirement of common stock (43,326) (33,676) (10,817)
Dividends paid (17,864) (16,393) (14,667)
Other, net 395 155 (396)
Net cash (used in) provided by financing activities (32,326) 98,334 18,662
Increase (decrease) in cash and cash equivalents 10,401 (7,771) (33,261)
Effect of exchange rates on cash (519) (167) 88
Cash, cash equivalents and restricted cash at beginning of year 19,359 27,297 60,470
Cash, cash equivalents and restricted cash at end of period 29,241 19,359 27,297
Noncash Activity      
Capital expenditures in accounts payable 1,703 1,784 3,254
Deferred payments on acquisition of business $ 0 $ 7,500 $ 0