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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May. 30, 2015
May. 31, 2014
Operating activities:    
Net income $ 29,493 $ 32,124
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 3,284 2,962
LIFO expense 1,041 934
Asset impairment 462 0
Stock-based compensation 1,739 1,694
Deferred income taxes 2,793 464
Postretirement benefit income and deferred compensation expense (587) (752)
Provision for doubtful accounts 0 1
Gain on disposal of property (20) (712)
Gain on life insurance 0 726
Increase in cash surrender value of life insurance policies (657) (651)
Change in assets and liabilities:    
Inventories (10,768) (6,128)
Receivables, prepaid and other assets 3,581 (26,349)
Investment in operating leases, net of repurchase obligations (72) (429)
Income taxes and unrecognized tax benefits (2,375) 1,986
Accounts payable and accrued expenses (6,308) 8,851
Postretirement and deferred compensation benefits (3,049) (3,080)
Net cash provided by operating activities 18,557 10,189
Investing activities:    
Proceeds from the sale of investments, at par 0 2,350
Proceeds from life insurance 0 1,737
Purchases of property and equipment (14,174) (7,005)
Proceeds from the sale of property 43 2,403
Other 435 (1,123)
Net cash used in investing activities (13,696) (1,638)
Financing activities:    
Payments for purchases of common stock (6,166) (24,324)
Payments of cash dividends 7,324 0
Proceeds from exercise of stock options 0 2,080
Borrowings on loans 22,000 0
Repayments of loans (22,000) 0
Other 40 (94)
Net cash used in financing activities (13,450) (22,338)
Net decrease in cash and cash equivalents (8,589) (13,787)
Cash and cash equivalents at beginning of period 57,804 64,277
Cash and cash equivalents at end of period 49,215 50,490
Supplemental cash flow disclosure:    
Income taxes paid, net of refunds 12,631 11,814
Interest paid $ 10 $ 0