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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Aug. 28, 2021
Aug. 29, 2020
Operating Activities    
Net earnings $ 8,701 $ 20,534
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 25,808 25,284
Share-based compensation 3,261 3,662
Deferred income taxes (4,560) 7,966
Noncash lease expense 6,216 6,032
Other, net 578 0
Changes in operating assets and liabilities:    
Receivables 15,520 31,212
Inventories (3,607) 846
Costs and earnings on contracts in excess of billings (3,212) (43,091)
Accounts payable and accrued expenses (10,895) (36,922)
Billings on contracts in excess of costs and earnings (2,144) (9,105)
Refundable and accrued income taxes 1,981 (1,793)
Operating lease liability (6,240) (5,857)
Other 3,028 362
Net cash provided by operating activities 54,907 85,330
Investing Activities    
Capital expenditures (10,121) (14,224)
Proceeds from sales of property, plant and equipment 1,292 0
Other 66 (993)
Net cash used by investing activities (8,763) (15,217)
Financing Activities    
Borrowings on line of credit 0 192,581
Repayments on debt (2,000) (5,400)
Payments on line of credit 0 237,500
Repurchase and retirement of common stock 22,419 4,731
Dividends paid (10,060) (9,751)
Other (1,853) (1,261)
Net cash used by financing activities (32,217) (66,062)
Increase in cash and cash equivalents 13,927 4,051
Effect of exchange rates on cash 617 (2)
Cash, cash equivalents and restricted cash at beginning of year 47,277 14,952
Cash, cash equivalents and restricted cash at end of period 61,821 19,001
Noncash Activity    
Capital expenditures in accounts payable 374 657
Proceeds from Issuance or Sale of Equity 4,115 0
Asset Impairment Charges 15,403 0
(Gain) loss on disposal of assets $ (1,355) $ 18