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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
May 27, 2017
May 28, 2016
Feb. 25, 2017
Feb. 27, 2016
Operating activities:        
Net income $ 8,140 $ 9,626    
Net income (loss) from discontinued operations 143 (462)    
Net income from continuing operations 7,997 10,088    
Adjustments to reconcile net income to net cash provided by operating activities:        
Impairment charges and store closing costs 2,158 0    
Depreciation 13,279 11,233    
Deferred income taxes (3,700) (3,581)    
Gain on disposals of property and equipment (27) (29)    
Share-based compensation 1,921 2,940    
Changes in operating assets and liabilities:        
Accounts receivable, net 2,392 395    
Merchandise inventories, net (10,274) 23,240    
Other assets (14,265) (1,659)    
Accounts payable 3,624 (20,400)    
Employee compensation (6,502) (6,812)    
Income taxes receivable/payable (13,153) 30,099    
Other liabilities and accrued expenses (7,995) (2,537)    
Deferred credits from landlords 321 1,298    
Net cash (used in) provided by operating activities - continuing operations (24,224) 44,275    
Net cash provided by operating activities - discontinued operations 33,404 1,937    
Net cash provided by operating activities 9,180 46,212    
Investing activities:        
Capital expenditures for property and equipment (14,080) (14,716)    
Proceeds from disposals of property and equipment 14 351    
Net cash used in investing activities - continuing operations (14,066) (14,365)    
Net cash used in investing activities - discontinued operations 0 (150)    
Net cash used in investing activities (14,066) (14,515)    
Financing activities:        
Dividends paid to shareholders (4,486) (4,291)    
Proceeds from issuance of common stock, net of settlement of tax withholding obligations (182) (231)    
Purchases of treasury stock (3,823) (21,281)    
Net cash used in financing activities - continuing operations (8,491) (25,803)    
Net cash used in financing activities - discontinued operations (1,500) 0    
Net cash used in financing activities (9,991) (25,803)    
Net (decrease) increase in cash and cash equivalents (14,877) 5,894    
Cash and cash equivalents at beginning of period 90,856 79,495 $ 79,495  
Cash and cash equivalents at end of period 75,979 85,389 90,856 $ 79,495
Supplemental disclosure of noncash operating and investing activities:        
Capital expenditures incurred but not yet paid as of May 27, 2017 and May 28, 2016 1,001 854 3,111 5,700
Capital expenditures incurred but not yet paid as of February 25, 2017 and February 27, 2016 $ 1,001 $ 854 $ 3,111 $ 5,700