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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 03, 2023
May 28, 2022
Operating activities:    
Net loss $ (306,409) $ (85,441)
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 65,895 70,073
Facility exit and impairment charges 19,692 41,821
Goodwill and intangible asset impairment charges 151,500  
LIFO charge 7,500  
Gain on sale of assets, net (8,193) (29,196)
Change in allowances for uncollectible accounts receivable 4,004 3,763
Stock-based compensation expense 1,081 3,334
Changes in operating assets and liabilities:    
Accounts receivable (246,838) (104,458)
Inventories (57,169) (15,827)
Accounts payable 20,558 (137,572)
Operating lease right-of-use assets and operating lease liabilities (10,857) (14,812)
Other assets (64,687) 751
Other liabilities 51,385 15,327
Net cash used in operating activities (372,538) (252,237)
Investing activities:    
Payments for property, plant and equipment (35,891) (73,176)
Intangible assets acquired (11,612) (12,248)
Proceeds from dispositions of assets and investments 8,157 30,839
Net cash used in investing activities (39,346) (54,585)
Financing activities:    
Net proceeds from revolver 400,000 291,000
Principal payments on long-term debt (1,009) (977)
Change in zero balance cash accounts (8,272) 33,691
Financing fees paid for early debt redemption (51)  
Payments for taxes related to net share settlement of equity awards (46) (553)
Deferred financing costs paid (362)  
Net cash provided by financing activities 390,260 323,161
(Decrease) increase in cash and cash equivalents (21,624) 16,339
Cash and cash equivalents, beginning of period 157,151 39,721
Cash and cash equivalents, end of period $ 135,527 $ 56,060