Consolidated statements of cash flows - USD ($)
$ in Thousands |
3 Months Ended |
May. 30, 2015 |
May. 31, 2014 |
| Operating activities |
|
|
| Net loss |
$ (5,199)
|
$ (3,579)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
8,037
|
7,256
|
| Stock-based compensation |
328
|
277
|
| Excess tax benefit from stock-based compensation |
|
(15)
|
| Loss on disposal of property and equipment |
5
|
100
|
| Deferred tax benefit |
(3,043)
|
(2,106)
|
| Noncash interest |
489
|
489
|
| Other |
83
|
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
2,023
|
2,558
|
| Inventory |
(19,811)
|
(9,728)
|
| Prepaid expenses and other assets |
1,009
|
5,369
|
| Accounts payable and accrued liabilities |
4,415
|
(5,489)
|
| Income taxes |
(1,524)
|
(3,340)
|
| Other noncurrent liabilities |
(416)
|
445
|
| Net cash used in operating activities |
(13,604)
|
(7,763)
|
| Investing activities |
|
|
| Additions to property and equipment |
(13,332)
|
(13,418)
|
| Proceeds from sale of property and equipment |
188
|
|
| Net cash used in investing activities |
(13,144)
|
(13,418)
|
| Financing activities |
|
|
| Borrowings on revolving lines of credit |
13,967
|
18,334
|
| Payments on revolving lines of credit |
(9,327)
|
(9,961)
|
| Borrowings on long-term debt |
8,000
|
8,000
|
| Payments on long-term debt |
(1,320)
|
(5,172)
|
| Proceeds from the exercise of stock options |
3
|
587
|
| Excess tax benefit from stock-based compensation |
|
15
|
| Net cash provided by financing activities |
11,323
|
11,803
|
| Effect of exchange rate changes on cash |
260
|
(58)
|
| Net decrease in cash |
(15,165)
|
(9,436)
|
| Cash at beginning of period |
24,994
|
18,046
|
| Cash at end of period |
9,829
|
8,610
|
| Supplemental information for non-cash investing and financing activities |
|
|
| Purchases of property and equipment (included in accounts payable) |
2,194
|
$ 2,098
|
| Capital lease obligation incurred |
$ 231
|
|