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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
May 30, 2020
Jun. 01, 2019
Operating Activities    
Net earnings $ 2,876 $ 15,443
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 12,540 11,102
Share-based compensation 1,406 1,618
Deferred income taxes (738) 6,438
Noncash lease expense 2,945 2,902
Other, net 1,039 (1,762)
Changes in operating assets and liabilities:    
Receivables 39,650 (16,982)
Inventories (4,700) 835
Costs and earnings on contracts in excess of billings (7,558) 6,007
Accounts payable and accrued expenses (22,334) (15,317)
Billings on contracts in excess of costs and earnings (17,181) (1,198)
Refundable and accrued income taxes 2,847 (4,369)
Operating lease liability (2,781) (1,517)
Other 849 (928)
Net cash provided (used) by operating activities 23,976 (9,742)
Investing Activities    
Capital expenditures (8,606) (11,198)
Other (1,082) (824)
Net cash used by investing activities (9,688) (12,022)
Financing Activities    
Borrowings on line of credit 139,500 103,000
Payments on line of credit 146,500 55,500
Repurchase and retirement of common stock 4,731 20,010
Dividends paid (4,872) (4,598)
Other (731) (1,270)
Net cash (used) provided by financing activities (17,334) 21,622
Decrease in cash and cash equivalents (3,046) (142)
Effect of exchange rates on cash (270) (143)
Cash, cash equivalents and restricted cash at beginning of year 14,952 29,241
Cash, cash equivalents and restricted cash at end of period 11,636 28,956
Noncash Activity    
Capital expenditures in accounts payable $ 1,458 $ 1,667