XML 38 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Aug. 24, 2012
Aug. 26, 2011
Cash flows from operating activities:    
Net income $ 2,987 $ 3,149
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 914 770
Deferred tax assets 1,839 1,348
Increase in allowances for accounts receivable and inventories, net 2 156
Accretion of loan origination deferred charge 50 105
Stock compensation expense 51 49
Changes in operating assets and liabilities:    
Accounts receivable 4,268 (1,817)
Costs and estimated earnings in excess of billings on uncompleted long-term contracts (2,867) (6,387)
Inventories (84) (2,613)
Prepaid expenses and other assets (264) (607)
Accounts payable, trade (983) 468
Billings in excess of costs and estimated earnings on uncompleted long-term contracts (1,704) 207
Customer deposits 185 61
Accrued taxes 191 813
Accrued interest and dividends 75 94
Other accrued liabilities (330) 402
Net cash provided by (used in) operating activities 4,330 (3,802)
Cash flows from investing activities:    
Acquisition of property, plant, and equipment (766) (944)
Capitalized software development costs (25) (146)
Net cash used in investing activities (791) (1,090)
Cash flows from financing activities:    
(Repayments) borrowings under line of credit (2,673) 9,389
Payment of Preferred Stock dividends (1,104) (1,104)
Increase in restricted cash (159) (18)
Payments of other debt obligations (8) (61)
Issuance of Common Stock 21 28
Net cash provided by (used in) financing activities (3,923) 8,234
Effect of exchange rate changes on cash 55 (80)
Net (decrease) increase in cash (329) 3,262
Cash at beginning of period 3,425 1,423
Cash at end of period 3,096 4,685
Supplemental schedule of cash flow information:    
Interest paid 310 153
Income taxes paid 69 0
Supplemental information on non-cash operating and investing activities:    
Accrued Dividends on Preferred Stock $ 552 $ 552