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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 03, 2017
May 28, 2016
Operating Activities    
Net earnings $ 16,104 $ 17,722
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 11,423 7,720
Stock-based compensation 1,403 1,390
Deferred income taxes 2,540 377
Other, net (1,223) (375)
Changes in operating assets and liabilities:    
Receivables 5,125 (13,225)
Inventories (7,712) (5,883)
Accounts payable and accrued expenses (30,736) (21,315)
Billings in excess of costs and earnings on uncompleted contracts 5,109 10,513
Refundable and accrued income taxes 4,867 2,532
Other, net (988) 60
Net cash provided by (used in) operating activities 5,912 (484)
Investing Activities    
Capital expenditures (11,430) (17,725)
Change in restricted cash (5,151) 0
Purchases of marketable securities (1,535) (2,643)
Sales/maturities of marketable securities 3,220 1,892
Other, net (1,742) 1,842
Net cash provided by (used in) investing activities (2,852) (20,318)
Financing Activities    
Borrowings on line of credit 37,000 1,893
Payments on line of credit 31,000 0
Shares withheld for taxes, net of stock issued to employees (1,596) (1,198)
Dividends paid (4,002) (3,560)
Net cash provided by (used in) financing activities 402 (2,865)
Decrease in cash and cash equivalents 3,462 (23,667)
Effect of exchange rates on cash 47 164
Cash and cash equivalents at beginning of year 19,463 60,470
Cash and cash equivalents at end of period 22,972 36,967
Noncash Activity    
Capital expenditures in accounts payable $ 4,201 $ 3,455