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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
May 28, 2022
May 29, 2021
Operating activities:    
Net loss $ (110,191) $ (13,057)
Net loss from continuing operations (110,191) (13,057)
Adjustments to reconcile to net cash (used in) provided by operating activities:    
Depreciation and amortization 70,073 75,859
Facility exit and impairment charges 66,571 8,831
LIFO credit   (3,993)
Gain on sale of assets, net (29,196) (6,558)
Change in allowances for uncollectible accounts receivable 3,763  
Stock-based compensation expense 3,334 2,811
Loss on debt retirements, net   396
Changes in operating assets and liabilities:    
Accounts receivable (104,458) (149,487)
Inventories (15,827) 11,918
Accounts payable (137,572) 50,527
Operating lease right-of-use assets and operating lease liabilities (14,812) (5,909)
Other assets 751 7,978
Other liabilities 15,327 34,559
Net cash (used in) provided by operating activities (252,237) 13,875
Investing activities:    
Payments for property, plant and equipment (73,176) (59,164)
Intangible assets acquired (12,248) (5,436)
Proceeds from dispositions of assets and investments 30,839 2,448
Proceeds from sale-leaseback transactions   7,456
Net cash used in investing activities (54,585) (54,696)
Financing activities:    
Net proceeds from revolver 291,000 39,000
Principal payments on long-term debt (977) (91,941)
Change in zero balance cash accounts 33,691 51,957
Financing fees paid for early debt redemption   (2)
Payments for taxes related to net share settlement of equity awards (553) (35)
Deferred financing costs paid   (580)
Net cash provided by (used in) financing activities 323,161 (1,601)
Increase (decrease) in cash and cash equivalents 16,339 (42,422)
Cash and cash equivalents, beginning of period 39,721 160,902
Cash and cash equivalents, end of period $ 56,060 $ 118,480