XML 74 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Nov. 23, 2012
Nov. 25, 2011
OPERATING ACTIVITIES:    
Net income $ 2,187 $ 67,315
Adjustments to reconcile net income to cash flows from operating activities:    
Stock-based compensation 7,806 8,038
Gain on dispositions   (4,500)
Net loss (gain) on disposal of fixed assets 394 (807)
Depreciation and intangible assets amortization 36,095 32,993
Provision for doubtful accounts 17,771 4,879
Impairment of Clinton Cards debt 10,043  
Deferred income taxes 809 6,412
Gain on sale of Party City investment (4,293)  
Other non-cash charges 892 2,747
Changes in operating assets and liabilities, net of acquisitions:    
Trade accounts receivable (101,363) (122,298)
Inventories (39,105) (30,939)
Other current assets (17,877) 6,470
Income taxes (15,336) 3,362
Deferred costs - net 23,702 (3,838)
Accounts payable and other liabilities 112,283 3,528
Other - net (1,913) 98
Total Cash Flows From Operating Activities 32,095 (26,540)
INVESTING ACTIVITIES:    
Property, plant and equipment additions (87,408) (48,956)
Cash payments for business acquisitions, net of cash acquired 621 (5,899)
Proceeds from sale of fixed assets 559 9,046
Proceeds from sale of intellectual properties   4,500
Proceeds from sale of Party City investment 4,920  
Purchase of Clinton Cards debt (56,560)  
Total Cash Flows From Investing Activities (137,868) (41,309)
FINANCING ACTIVITIES:    
Net increase in long-term debt 131,651  
Issuance or exercise of share-based payment awards (496) 12,293
Tax (deficiency) benefit from share-based payment awards (376) 2,380
Purchase of treasury shares (78,742) (55,304)
Dividends to shareholders (15,182) (18,146)
Total Cash Flows From Financing Activities 36,855 (58,777)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (229) (3,551)
DECREASE IN CASH AND CASH EQUIVALENTS (69,147) (130,177)
Cash and Cash Equivalents at Beginning of Year 132,438 215,838
Cash and Cash Equivalents at End of Period $ 63,291 $ 85,661