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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Nov. 27, 2021
Nov. 28, 2020
Operating activities:    
Net (loss) income $ (149,416) $ (72,414)
Net income (loss) from discontinued operations, net of tax   9,161
Net loss from continuing operations (149,416) (81,575)
Adjustments to reconcile to net cash (used in) provided by operating activities of continuing operations :    
Depreciation and amortization 222,691 249,556
Facility exit and impairment charges 67,639 22,734
Intangible asset impairment charges   29,852
LIFO charge (credit) 900 (30,303)
Gain on sale of assets, net (79) (17,473)
Loss on Bartell acquisition 5,346  
Stock-based compensation expense 8,820 8,677
Loss (gain) on debt modifications and retirements, net 3,235 (5,274)
Changes in deferred taxes (1,602)  
Changes in operating assets and liabilities:    
Accounts receivable (398,079) (507,778)
Inventories (87,150) (19,532)
Accounts payable 129,436 1,460
Operating lease right-of-use assets and operating lease liabilities (19,517) (25,319)
Other assets 34,946 75,265
Other liabilities 219,390 45,867
Net cash provided by (used in) operating activities of continuing operations 36,560 (253,843)
Investing activities:    
Payments for property, plant and equipment (145,001) (127,389)
Intangible assets acquired (24,289) (28,703)
Proceeds from insured loss 10,436 12,500
Proceeds from dispositions of assets and investments 7,821 9,086
Proceeds from sale-leaseback transactions 39,790 89,012
Net cash used in investing activities of continuing operations (111,243) (45,494)
Financing activities:    
Proceeds from issuance of long-term debt 350,000 849,918
Net proceeds from revolver 300,000 341,000
Principal payments on long-term debt (544,020) (1,057,376)
Change in zero balance cash accounts (15,087) 5,545
Financing fees paid for early debt redemption (833) (2,399)
Payments for taxes related to net share settlement of equity awards (2,352) (2,165)
Deferred financing costs paid (18,638) (14,674)
Net cash (used in) provided by financing activities of continuing operations 69,070 119,849
Cash flows from discontinued operations:    
Operating activities of discontinued operations 0 (82,189)
Investing activities of discontinued operations 0 94,310
Financing activities of discontinued operations 0 0
Net cash provided by discontinued operations 0 12,121
(Decrease) increase in cash and cash equivalents (5,613) (167,367)
Cash and cash equivalents, beginning of period 160,902 218,180
Cash and cash equivalents, end of period $ 155,289 $ 50,813