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Consolidated Statements Of Cash Flows
12 Months Ended
Feb. 28, 2020
USD ($)
Feb. 22, 2019
USD ($)
Feb. 23, 2018
USD ($)
OPERATING ACTIVITIES      
Net income $ 199,700,000 $ 126,000,000.0 $ 80,700,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 85,600,000 81,600,000 65,900,000
Loss (gain) on disposal of fixed assets (19,600,000) 400,000 (400,000)
Deferred Income Tax Expense (Benefit) 12,100,000 (800,000) 52,900,000
Gain from partial sale of investment in unconsolidated affiliate 0 0 (14,400,000)
Non-cash stock compensation 16,700,000 17,700,000 19,100,000
Equity in income of unconsolidated affiliates (12,200,000) (13,700,000) (12,800,000)
Dividends received from unconsolidated affiliates 12,500,000 9,100,000 10,300,000
Derivative, Loss on Derivative 0 (13,000,000.0) 0
Other (200,000) (12,900,000) (9,100,000)
Changes in operating assets and liabilities, net of acquisitions, divestures, and deconsolidations:      
Accounts receivable 7,200,000 (66,400,000) 18,500,000
Inventories (6,200,000) (24,000,000.0) (8,500,000)
Long-term income taxes receivable (7,800,000) 0 18,700,000
Other assets 5,900,000 10,200,000 4,500,000
Accounts payable 10,800,000 8,500,000 (700,000)
Employee compensation liabilities 36,700,000 21,100,000 (13,800,000)
Accrued expenses and other liabilities 19,600,000 (12,600,000) 16,100,000
Net cash provided by operating activities 360,800,000 131,200,000 227,000,000.0
INVESTING ACTIVITIES      
Capital expenditures (73,400,000) (81,400,000) (87,900,000)
Proceeds from Sale of Property, Plant, and Equipment 1,800,000 20,500,000 7,900,000
Purchases of investments 0 0 (52,100,000)
Liquidations of investments 2,200,000 0 125,600,000
Proceeds from partial sale of investment in unconsolidated affiliate     19,000,000.0
Proceeds from Divestiture of Businesses 72,600,000 (300,000) 4,100,000
Proceeds from liquidation of company owned life insurance 4,200,000 22,100,000 4,200,000
Payments to Acquire Businesses, Net of Cash Acquired (3,700,000) (226,200,000) (68,300,000)
Other 800,000 (6,300,000) 0
Net cash provided by (used in) investing activities 4,500,000 (271,600,000) (47,500,000)
FINANCING ACTIVITIES      
Dividends paid (69,100,000) (64,300,000) (61,000,000.0)
Common stock repurchases (8,700,000) (4,200,000) (33,800,000)
Proceeds from Lines of Credit 0 323,100,000 0
Repayments of Lines of Credit 0 (323,100,000) 0
Borrowings of long-term debt, net of issuance costs 0 450,000,000.0 0
Repayments of long-term debt (2,900,000) (252,700,000) (2,700,000)
Amortization of Debt Issuance Costs and Discounts 0 (7,500,000) 0
Proceeds from (Payments for) Other Financing Activities (1,200,000) 1,000,000.0 0
Net cash used in financing activities (81,900,000) 122,300,000 (97,500,000)
Effect of exchange rate changes on cash and cash equivalents (1,100,000) (2,700,000) 4,000,000.0
Net increase (decrease) in cash and cash equivalents 282,300,000 (20,800,000) 86,000,000.0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 547,100,000 [1] 264,800,000 [1],[2] 285,600,000 [1],[2]
Restricted Cash   3,500,000 2,500,000
Supplemental Cash Flow Information:      
Income taxes paid, net of refunds received 26,700,000 36,200,000 4,800,000
Interest paid, net of amounts capitalized $ 24,500,000 $ 34,500,000 $ 17,000,000.0
[1]
These amounts include restricted cash of $6.1, $3.5 and $2.5 as of February 28, 2020, February 22, 2019 and February 23, 2018, respectively.
[2]
These amounts include restricted cash of $3.5, $2.5 and $2.5 as of February 22, 2019, February 23, 2018 and February 24, 2017, respectively.