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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Mar. 02, 2024
Mar. 04, 2023
Cash Flows from Operating Activities:    
Net earnings $ 73.6 $ 46.0
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 111.6 115.9
Stock-based compensation 17.1 15.7
Amortization of deferred financing costs 3.5 3.5
Loss on sale of equity method investment 0.4 0.0
Deferred taxes (0.3) (1.2)
Restructuring expense 8.7 19.8
Impairment 0.0 36.6
Decrease in current assets 100.0 5.9
(Decrease) in current liabilities (32.9) (159.1)
(Decrease) in non-current liabilities (2.1) (5.3)
Other, net (5.7) (7.4)
Net Cash Provided by Operating Activities 273.9 70.4
Cash Flows from Investing Activities:    
Advances of notes receivable (10.6) (4.4)
Proceeds from the sale of equity method investment 3.5 0.0
Capital expenditures (56.5) (60.6)
Proceeds from loan on cash surrender value of life insurance 0.0 13.5
Other, net 2.6 (1.7)
Net Cash Used in Investing Activities (61.0) (53.2)
Cash Flows from Financing Activities:    
Repayments of long-term debt (22.2) (19.7)
Proceeds from credit facility 620.1 720.2
Repayments of credit facility (668.9) (664.7)
Dividends paid (42.2) (42.9)
Common stock issued 4.3 4.5
Common stock repurchased and retired (101.0) (15.9)
Other, net (3.2) (3.6)
Net Cash Used in Financing Activities (213.1) (22.1)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 0.3 (8.3)
Net Increase (Decrease) in Cash and Cash Equivalents 0.1 (13.2)
Cash and Cash Equivalents, Beginning of Period 223.5 230.3
Cash and Cash Equivalents, End of Period $ 223.6 $ 217.1