XML 17 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 02, 2018
Jun. 03, 2017
Operating activities:    
Net income (loss) $ 214,416 $ (75,349)
Net income (loss) from discontinued operations, net of tax 256,143 (39,312)
Net loss from continuing operations (41,727) (36,037)
Adjustments to reconcile to net cash (used in) provided by operating activities of continuing operations:    
Depreciation and amortization 94,529 101,029
Lease termination and impairment charges 9,859 4,038
LIFO charge 9,966 10,173
Gain on sale of assets, net (5,859) (5,877)
Stock-based compensation expense 5,031 9,038
Loss on debt retirements, net 554  
Changes in deferred taxes (12,355) (38,160)
Changes in operating assets and liabilities:    
Accounts receivable (194,159) (34,611)
Inventories 31,101 28,068
Accounts payable 207,960 (34,313)
Other assets and liabilities, net (121,214) 44,421
Net cash (used in) provided by operating activities of continuing operations (16,314) 47,769
Investing activities:    
Payments for property, plant and equipment (47,971) (38,325)
Intangible assets acquired (13,655) (5,521)
Proceeds from insured loss   8,639
Proceeds from dispositions of assets and investments 9,916 2,137
Proceeds from sale-leaseback transactions 2,587  
Net cash used in investing activities of continuing operations (49,123) (33,070)
Financing activities:    
Net proceeds from (payments to) revolver 190,000 (90,000)
Principal payments on long-term debt (431,106) (3,503)
Change in zero balance cash accounts 1,083 28,768
Net proceeds from issuance of common stock 910 147
Payments for taxes related to net share settlement of equity awards   (147)
Financing fees paid for early debt redemption (13)  
Net cash used in financing activities of continuing operations (239,126) (64,735)
Cash flows from discontinued operations:    
Operating activities of discontinued operations (74,050) 44,965
Investing activities of discontinued operations 603,402 (25,126)
Financing activities of discontinued operations (525,031) (764)
Net cash provided by discontinued operations 4,321 19,075
Decrease in cash and cash equivalents (300,242) (30,961)
Cash and cash equivalents, beginning of period 447,334 245,410
Cash and cash equivalents, end of period $ 147,092 $ 214,449