v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
May 31, 2025
Jun. 01, 2024
Operating Activities    
Net (loss) earnings $ (2,688) $ 31,011
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 12,436 9,976
Share-based compensation 2,300 2,704
Deferred income taxes 2,496 3,466
Loss on disposal of property, plant and equipment 328 22
Impairment on intangible assets 7,418 0
Non-cash lease expense 3,738 2,895
Other, net 1,294 (925)
Changes in operating assets and liabilities:    
Receivables (3,938) (9,845)
Inventories (11,255) (11,337)
Contract assets 2,596 5,511
Accounts payable 1,103 (1,871)
Accrued compensation and benefits (16,639) (24,850)
Contract liabilities 8,104 1,648
Operating lease liability (3,643) (3,007)
Accrued income taxes 1,698 6,535
Other current assets and liabilities (25,130) (6,480)
Net cash (used in) provided by operating activities (19,782) 5,453
Investing Activities    
Capital expenditures (7,167) (7,229)
Proceeds from sales of property, plant and equipment 10 40
Purchases of marketable securities 0 (740)
Sales/maturities of marketable securities 175 600
Net cash used in investing activities (6,982) (7,329)
Financing Activities    
Proceeds from revolving credit facilities 59,000 30,000
Repayment on revolving credit facilities (33,000) (15,000)
Repurchase of common stock 0 (15,061)
Dividends paid (5,520) 0
Other, net (2,835) (4,865)
Net cash provided by (used in) financing activities 17,645 (4,926)
Effect of exchange rates on cash 502 (51)
Decrease in cash, cash equivalents and restricted cash (8,617) (6,853)
Cash, cash equivalents and restricted cash at beginning of period 41,448 37,216
Cash and cash equivalents at end of period 32,831 30,363
Non-cash Activity    
Capital expenditures in accounts payable 922 472
Dividends declared but not yet paid $ 0 $ 5,409