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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Nov. 26, 2022
Nov. 27, 2021
Operating Activities    
Net earnings $ 83,885 $ 19,759
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 31,925 38,353
Share-based compensation 5,961 4,807
Deferred income taxes 2,341 (5,412)
Asset impairment 0 16,638
Gain on disposal of assets (1,484) (1,250)
Proceeds from New Markets Tax Credit transaction, net of deferred costs 18,390 0
Settlement of New Markets Tax Credit transaction (19,523) 0
Noncash lease expense 8,924 9,302
Other, net 4,700 3,009
Changes in operating assets and liabilities:    
Receivables (58,202) 6,443
Inventories (5,822) (2,657)
Costs and earnings on contracts in excess of billings (2,599) 1,168
Accounts payable and accrued expenses (11,985) 5,440
Billings in excess of costs and earnings on uncompleted contracts 20,884 (4,474)
Refundable and accrued income taxes (14,391) 5,255
Operating lease liability (9,168) (9,387)
Other, net (2,724) (703)
Net cash provided by operating activities 51,112 86,291
Investing Activities    
Capital expenditures (18,119) (13,070)
Proceeds from sales of property, plant and equipment 5,212 1,347
Other, net 923 76
Net cash used by investing activities (11,984) (11,647)
Financing Activities    
Borrowings on line of credit 430,879 0
Repayment on debt (151,000) (2,000)
Payments on line of credit (239,000) 0
Payments on debt issue costs (790) 0
Proceeds from exercise of stock options 0 4,115
Repurchase and retirement of common stock (74,312) (29,164)
Dividends paid (14,415) (15,050)
Other, net (2,959) (1,895)
Net cash used by financing activities (51,597) (43,994)
(Decrease) increase in cash, cash equivalents and restricted cash (12,469) 30,650
Effect of exchange rates on cash 350 345
Cash, cash equivalents and restricted cash at beginning of year 37,583 47,277
Cash, cash equivalents and restricted cash at end of period 25,464 78,272
Noncash Activity    
Capital expenditures in accounts payable $ 1,557 $ 1,095