XML 81 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 01, 2014
Mar. 02, 2013
Mar. 03, 2012
OPERATING ACTIVITIES:      
Net income $ 75,052 $ 69,181 $ 84,804
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment charges 2,054 5,593 974
Depreciation and amortization 34,964 31,182 27,027
Deferred income taxes 10,143 5,041 10,805
Loss on disposals of property and equipment 1,448 1,250 1,528
Gain on sale of investment (2,076) 0 0
Share-based compensation 7,068 6,612 5,187
Excess tax benefits from share-based compensation (2,897) (2,963) (5,951)
Changes in operating assets and liabilities:      
Accounts receivable, net (1,189) (5,710) 1,511
Merchandise inventories, net (56,707) (22,403) (23,880)
Other assets (13,204) 9,342 (8,645)
Accounts payable 43,315 (2,471) (7,512)
Employee compensation 8,690 (6,843) 3,887
Income taxes payable 6,248 (6,850) 8,971
Other liabilities and accrued expenses 5,632 914 2,950
Deferred credits from landlords 443 (382) (6,916)
Net cash provided by operating activities 118,984 81,493 94,740
INVESTING ACTIVITIES:      
Capital expenditures for property and equipment (81,668) (81,586) (29,131)
Acquisitions, net of cash acquired (12,687) (3,526) (8,495)
Payments for intangible assets 0 0 (550)
Proceeds from disposals of property and equipment 62 77 40
Cash paid for investment 0 (1,000) 0
Proceeds from sale of investment 3,076 0 0
Net cash used in investing activities (91,217) (86,035) (38,136)
FINANCING ACTIVITIES:      
Dividends paid to shareholders (13,674) (12,147) (10,512)
Proceeds from issuance of common stock 7,725 4,422 16,496
Excess tax benefits from share-based compensation 2,897 2,963 5,951
Purchase of treasury stock (22,618) (77,208) (60,368)
Funding of related-party note receivable 0 (4,000) 0
Proceeds from sale of redeemable noncontrolling interest 0 10,000 0
Net cash used in financing activities (25,670) (75,970) (48,433)
Net increase (decrease) in cash and cash equivalents 2,097 (80,512) 8,171
Cash and cash equivalents at beginning of year 226,982 307,494 299,323
Cash and cash equivalents at end of year 229,079 226,982 307,494
Supplemental disclosure of noncash operating and investing activities:      
Capital expenditures incurred but not yet paid $ 9,200 $ 9,715 $ 0