XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Aug. 28, 2016
Aug. 30, 2015
Cash flows from operating activities:    
Net earnings $ 4,931 $ 9,346
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 1,652 1,677
Stock-based compensation 704 841
Provision for deferred income taxes (10,860)
Amortization of bond premium 278 454
Changes in operating assets and liabilities 1,252 523
Net cash provided by operating activities 8,817 1,981
Cash flows from investing activities:    
Purchase of property, plant and equipment (94) (226)
Proceeds from sales of property, plant and eqipment 2,026
Purchases of marketable securities (27,102) (49,388)
Proceeds from sales and maturities of marketable securities 29,478 39,005
Net cash provided by (used in) investing activities 2,282 (8,583)
Cash flows from financing activities:    
Dividends paid (4,047) (4,104)
Restricted cash (Note 5) (25,000)
Proceeds from exercise of stock options 50
Payments of long-term debt (1,500) (5,000)
Purchase of treasury stock (11,925)
Net cash used in financing activities (5,547) (45,979)
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes 5,552 (52,581)
Effect of exchange rate changes on cash and cash equivalents 129 422
Increase (decrease) in cash and cash equivalents 5,681 (52,159)
Cash and cash equivalents, beginning of period 97,757 [1] 141,538
Cash and cash equivalents, end of period 103,438 89,379
Supplemental cash flow information:    
Cash paid during the period for income taxes, net of refunds 1,763 12,859
Cash paid during the period for interest $ 653 $ 410
[1] The balance sheet at February 28, 2016 has been derived from the audited financial statements at that date.