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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Feb. 26, 2023
USD ($)
Feb. 27, 2022
USD ($)
Feb. 28, 2021
USD ($)
Cash flows from operating activities:      
Net earnings $ 10,731 $ 8,464 $ 4,864
Loss from discontinued operations, net of tax 0 0 328
Net earnings from continuing operations 10,731 8,464 5,192
Depreciation and amortization 1,136 1,136 1,150
Stock-based compensation 369 285 191
Allowance for bad debt 16 16 16
Provision for deferred income taxes 322 894 (56)
Amortization of bond premium 42 956 543
Loss (gain) on sale of marketable securities 5 10 (10)
(Gain) loss on sale of fixed assets (8) 27 0
Non-cash restructuring 0 0 1,318
Changes in operating assets and liabilities:      
Accounts receivable (1,665) (722) 3,276
Inventories (2,112) 137 1,585
Prepaid expenses and other current assets 238 (550) 157
Other assets and liabilities (2,723) 111 250
Accounts payable 2,011 (766) (1,435)
Accrued liabilities (148) (214) (1)
Income taxes payable (1,723) (1,583) 1,164
Net cash provided by operating activities - continuing operations 6,491 8,201 13,340
Net cash used in operating activities - discontinued operations 0 0 (328)
Net cash provided by operating activities 6,491 8,201 13,012
Cash flows from investing activities:      
Purchases of property, plant and equipment (1,047) (4,372) (7,493)
Proceeds from sales of property, plant and equipment 8 14 0
Purchases of marketable securities (63,275) (59,422) (83,941)
Proceeds from sales and maturities of marketable securities 57,296 34,224 124,392
Net cash (used in) provided by investing activities - continuing operations (7,018) (29,556) 32,958
Net cash provided by investing activities - discontinued operations 0 0 0
Net cash (used in) provided by investing activities (7,018) (29,556) 32,958
Cash flows from financing activities:      
Dividends paid (8,186) (8,168) (8,153)
Proceeds from exercise of stock options 139 739 12
Purchase of treasury stock 0 0 (1,644)
Net cash used in financing activities - continuing operations (8,047) (7,429) (9,785)
Net cash used in financing activities - discontinued operations 0 0 0
Net cash used in financing activities (8,047) (7,429) (9,785)
(Decrease) increase in cash and cash equivalents - continuing operations (8,574) (28,784) 36,513
Decrease in cash and cash equivalents - discontinued operations 0 0 (328)
(Decrease) increase in cash and cash equivalents (8,574) (28,784) 36,185
(Decrease) increase in cash and cash equivalents (8,574) (28,784) 36,185
Cash and cash equivalents, beginning of year 12,811 41,595 5,410
Cash and cash equivalents, end of year 4,237 12,811 41,595
Supplemental disclosure of non-cash activities:      
Dividend payable included in current liabilities $ 20,471 $ 0 $ 0