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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 01, 2020
Mar. 03, 2019
Feb. 25, 2018
Cash flows from operating activities:      
Net earnings from continuing operations $ 10,205 $ 6,306 $ 18,472
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 1,544 1,784 1,833
Stock-based compensation 726 1,249 1,445
Provision for deferred income taxes 849 (1,147) (47,991)
Amortization of bond premium 27 (52) 287
(Gain) loss on sale of marketable securities (15) 1,498 1,342
Accounts receivable (1,573) (2,392) (2,502)
Inventories (1,112) (1,312) (542)
Prepaid expenses and other current assets 490 (452) 91
Other assets and liabilities 3,348 (1,580) 346
Accounts payable 1,566 1,344 652
Accrued liabilities (1,211) 1,898 (198)
Income taxes payable (8,973) 916 20,501
Net cash provided by (used in) operating activities - continuing operations 5,871 8,060 (6,264)
Net cash (used in) provided by operating activities - discontinued operations (653) (517) 9,605
Net cash provided by operating activities 5,218 7,543 3,341
Cash flows from investing activities:      
Purchase of property, plant and equipment (6,846) (2,764) (571)
Purchases of marketable securities (104,600) (113,860) (164,099)
Proceeds from sales and maturities of marketable securities 68,935 125,522 207,034
Net cash (used in) provided by investing activities - continuing operations (42,511) 8,898 42,364
Net cash provided by (used in) investing activities - discontinued operations 144,951 (315)
Net cash (used in) provided by investing activities (42,511) 153,849 42,049
Cash flows from financing activities:      
Dividends paid (28,721) (95,051) (68,806)
Decrease in restricted cash 10,000
Proceeds from exercise of stock options 417 (3,868) 96
Intercompany capital contributions (6,600)
Payments of long-term debt (72,000)
Net cash used in financing activities - continuing operations (28,304) (105,519) (130,710)
Net cash used in financing activities - discontinued operations
Net cash used in financing activities (28,304) (105,519) (130,710)
Decrease in cash and cash equivalents before effect of exchange rate changes - continuing operations (64,944) (88,561) (94,610)
(Decrease) increase in cash and cash equivalents before effect of exchange rate changes - discontinued operations (653) 144,434 9,290
(Decrease) increase in cash and cash equivalents before effect of exchange rate changes (65,597) 55,873 (85,320)
Effect of exchange rate changes on cash and cash equivalents - continuing operations (170) 250
Effect of exchange rate changes on cash and cash equivalents - discontinued operations (2,950) 886
Effect of exchange rate changes on cash and cash equivalents (3,120) 1,136
(Decrease) increase in cash and cash equivalents (65,597) 52,753 (84,184)
Cash and cash equivalents, beginning of year 71,007 18,254 102,438
Cash and cash equivalents, end of year $ 5,410 $ 71,007 $ 18,254