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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 01, 2025
Mar. 02, 2024
Feb. 25, 2023
Operating Activities      
Net earnings $ 85,052 $ 99,613 $ 104,107
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 44,608 41,588 42,403
Share-based compensation 10,725 9,721 8,656
Deferred income taxes 3,836 (9,748) (7,185)
Asset impairment on property, plant and equipment 0 6,195 0
Loss (gain) on disposal of property, plant and equipment 408 826 (3,815)
Impairment on intangible assets 7,634 0 0
Proceeds from New Markets Tax Credit transaction, net of deferred costs 0 0 18,390
Settlement of New Markets Tax Credit transaction 0 (4,687) (19,523)
Non-cash lease expense 13,749 11,721 11,878
Other, net (1,247) 4,615 5,399
Changes in operating assets and liabilities:      
Receivables (508) 23,993 (62,304)
Inventories (5,810) 9,366 1,731
Contract assets (22,625) 9,880 (3,380)
Accounts payable 9,595 (2,655) (5,491)
Accrued compensation and benefits (11,793) 2,102 (1,810)
Contract liabilities 598 6,590 20,952
Operating lease liability (12,703) (12,632) (12,149)
Accrued income taxes (5,120) 6,523 (6,976)
Other current assets and liabilities 8,763 1,143 11,813
Net cash provided by operating activities 125,162 204,154 102,696
Investing Activities      
Capital expenditures (35,593) (43,180) (45,177)
Proceeds from sales of property, plant and equipment 693 293 7,755
Purchases of marketable securities (2,394) (2,953) 0
Sales/maturities of marketable securities 3,570 2,165 9,712
Acquisition of business, net of cash acquired (232,169) 0 0
Net cash used in investing activities (265,893) (43,675) (27,710)
Financing Activities      
Proceeds from revolving credit facilities 77,201 196,964 485,879
Repayment on revolving credit facilities (57,201) (304,817) (327,865)
Proceeds from term loans 250,000 0 0
Repayment of debt (47,000) 0 (151,000)
Payments of debt issuance costs (3,798) 0 0
Repurchase of common stock (45,364) (11,821) (74,312)
Dividends paid (21,737) (21,133) (19,670)
Other, net (6,052) (3,800) (4,055)
Net cash provided by (used in) financing activities 146,049 (144,607) (91,023)
Effect of exchange rates on cash (1,086) (129) (73)
Increase in cash, cash equivalents and restricted cash 4,232 15,743 (16,110)
Cash, cash equivalents and restricted cash at beginning of period 37,216 21,473 37,583
Cash and cash equivalents at end of period 41,448 37,216 21,473
Non-cash Activity      
Capital expenditures in accounts payable $ 3,313 $ 3,588 $ 2,909