XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
May 29, 2016
May 31, 2015
Cash flows from operating activities:    
Net earnings $ 2,950,000 $ 4,777,000
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 827,000 837,000
Stock-based compensation 352,000 419,000
Gain on sale of fixed assets (15,000) 0
Provision for deferred income taxes (10,860,000)
Amortization of bond premium 133,000 205,000
Changes in operating assets and liabilities 4,168,000 (1,196,000)
Net cash provided by (used in) operating activities 8,415,000 (5,818,000)
Cash flows from investing activities:    
Purchase of property, plant and equipment (41,000) (176,000)
Proceeds from Sale of Property, Plant, and Equipment 15,000 2,026,000
Purchases of marketable securities (16,067,000) (40,923,000)
Proceeds from sales and maturities of marketable securities 19,574,000 3,565,000
Net cash provided by (used in) investing activities 3,481,000 (35,508,000)
Cash flows from financing activities:    
Dividends paid (2,023,000) (2,065,000)
Restricted cash (Note 5) (25,000,000)
Proceeds from exercise of stock options 50,000
Payments of long-term debt (750,000) (2,500,000)
Purchase of treasury stock (9,484,000)
Net cash used in financing activities (2,773,000) (38,999,000)
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes 9,123,000 (80,325,000)
Effect of exchange rate changes on cash and cash equivalents (20,000) 346,000
Increase (decrease) in cash and cash equivalents 9,103,000 (79,979,000)
Cash and cash equivalents, beginning of period 97,757,000 141,538,000
Cash and cash equivalents, end of period 106,860,000 61,559,000
Supplemental cash flow information:    
Cash paid during the period for income taxes, net of refunds 11,310,000
Cash paid during the period for interest $ 209,000 $ 206,000