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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
May 29, 2021
May 30, 2020
Operating Activities    
Net earnings $ 10,817 $ 2,876
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 12,980 12,540
Share-based compensation 1,674 1,406
Deferred income taxes 941 (738)
Noncash lease expense 3,098 2,945
Other, net 58 1,039
Changes in operating assets and liabilities:    
Receivables 4,455 39,650
Inventories 2,252 (4,700)
Costs and earnings on contracts in excess of billings (1,205) (7,558)
Accounts payable and accrued expenses (22,449) (22,334)
Billings on contracts in excess of costs and earnings (6,434) (17,181)
Refundable and accrued income taxes 1,410 2,847
Operating lease liability (3,113) (2,781)
Other (11) 849
Net cash provided by operating activities 6,883 23,976
Investing Activities    
Capital expenditures (4,705) (8,606)
Other 557 (1,082)
Net cash used by investing activities (4,148) (9,688)
Financing Activities    
Borrowings on line of credit 0 139,500
Payments on line of credit 0 146,500
Repurchase and retirement of common stock 12,625 4,731
Dividends paid (5,035) (4,872)
Other (712) (731)
Net cash used by financing activities (14,257) (17,334)
Decrease in cash and cash equivalents (11,522) (3,046)
Effect of exchange rates on cash 714 (270)
Cash, cash equivalents and restricted cash at beginning of year 47,277 14,952
Cash, cash equivalents and restricted cash at end of period 36,469 11,636
Noncash Activity    
Capital expenditures in accounts payable 1,058 1,458
Proceeds from Issuance or Sale of Equity $ 4,115 $ 0