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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2019
Sep. 01, 2018
Operating Activities    
Net earnings $ 34,722 $ 35,887
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 22,759 26,457
Stock-based compensation 3,200 3,119
Deferred income taxes 9,861 6,061
Proceeds from new markets tax credit transaction, net of deferred costs 0 6,052
Noncash lease expense 2,714 0
Other, net (2,023) (1,497)
Changes in operating assets and liabilities:    
Receivables (9,215) 10,598
Inventories 4,054 2,747
Costs and earnings on contracts in excess of billings (19,865) (39,191)
Accounts payable and accrued expenses (19,044) (15,409)
Billings in excess of costs and earnings on uncompleted contracts (2,001) 12,449
Refundable and accrued income taxes (5,641) 2,130
Other, net (1,719) (1,474)
Net cash provided by operating activities 17,802 47,929
Investing Activities    
Capital expenditures (22,559) (24,241)
Purchases of marketable securities (3,852) (9,066)
Sales/maturities of marketable securities 4,522 4,943
Other (1,121) (1,435)
Net cash provided by (used in) investing activities (23,010) (29,799)
Financing Activities    
Borrowings on line of credit 184,500 205,000
Proceeds from Issuance of Debt 150,000 0
Payments on line of credit 307,500 196,500
Repurchase and retirement of common stock 20,010 0
Dividends paid (9,203) (8,823)
Proceeds from (Payments for) Other Financing Activities (2,493) (935)
Net cash provided by (used in) financing activities (4,706) (1,258)
Decrease in cash and cash equivalents (9,914) 16,872
Effect of exchange rates on cash 118 (266)
Cash, cash equivalents and restricted cash at beginning of year 29,241 19,359
Cash, cash equivalents and restricted cash at end of period 19,445 35,965
Noncash Activity    
Capital expenditures in accounts payable $ 1,583 $ 1,756