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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Aug. 29, 2020
Aug. 31, 2019
Operating Activities    
Net earnings $ 20,534 $ 34,722
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 25,284 22,759
Share-based compensation 3,662 3,200
Deferred income taxes 7,966 9,861
Noncash lease expense 6,032 5,526
Other, net 18 (2,023)
Changes in operating assets and liabilities:    
Receivables 31,212 (9,215)
Inventories 846 4,054
Costs and earnings on contracts in excess of billings (43,091) 19,865
Accounts payable and accrued expenses (36,922) (19,044)
Billings on contracts in excess of costs and earnings (9,105) (2,001)
Refundable and accrued income taxes (1,793) (5,641)
Operating lease liability (5,857) (2,812)
Other 362 (1,719)
Net cash provided by operating activities 85,330 17,802
Investing Activities    
Capital expenditures (14,224) (22,559)
Other (993) (451)
Net cash used by investing activities (15,217) (23,010)
Financing Activities    
Borrowings on line of credit 192,581 184,500
(Repayment) borrowings on debt (5,400) 150,000
Payments on line of credit 237,500 307,500
Repurchase and retirement of common stock 4,731 20,010
Dividends paid (9,751) (9,203)
Other (1,261) (2,493)
Net cash used by financing activities (66,062) (4,706)
Increase (decrease) in cash and cash equivalents 4,051 (9,914)
Effect of exchange rates on cash (2) 118
Cash, cash equivalents and restricted cash at beginning of year 14,952 29,241
Cash, cash equivalents and restricted cash at end of period 19,001 19,445
Noncash Activity    
Capital expenditures in accounts payable $ 657 $ 1,583