XML 39 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Mar. 01, 2014
Mar. 02, 2013
Operating activities:    
Net income $ 20,739 $ 13,676
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 1,966 2,178
LIFO expense 608 551
Stock-based compensation 1,388 996
Deferred income taxes including valuation allowance (152) (1,550)
Postretirement benefit income and deferred compensation expense (405) 284
(Benefit) provision for doubtful accounts (1) 6
Gain on disposal of property (702) (26)
Gain on life insurance 0 (509)
Increase in cash surrender value of life insurance policies (440) (547)
Change in assets and liabilities:    
Inventories (12,356) (37,401)
Receivables, prepaid and other assets (40,056) (6,334)
Income taxes and unrecognized tax benefits 1,269 1,618
Accounts payable and accrued expenses 536 3,052
Postretirement and deferred compensation benefits (1,924) (2,136)
Net cash used in operating activities (29,530) (26,142)
Investing activities:    
Proceeds from the sale of investments, at par 2,350 250
Proceeds from life insurance 0 974
Purchases of property and equipment (3,772) (2,443)
Proceeds from the sale of property 2,392 614
Repayments of COLI borrowings 0 (1,371)
Other (105) 151
Net cash provided by (used in) investing activities 865 (1,825)
Financing activities:    
Payments for purchases of common stock (21,484) (8,367)
Proceeds from exercise of stock options 2,080 0
Other 50 (114)
Net cash used in financing activities (19,354) (8,481)
Net decrease in cash and cash equivalents (48,019) (36,448)
Cash and cash equivalents at beginning of period 64,277 62,683
Cash and cash equivalents at end of period 16,258 26,235
Supplemental cash flow disclosure:    
Income taxes paid, net of refunds $ 8,200 $ 5,670