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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2024
Feb. 28, 2023
Current assets    
Cash $ 81,597 $ 93,968
Short-term investments 29,325 0
Accounts receivable, net 47,209 53,507
Inventories, net 40,037 46,834
Prepaid expenses 2,168 2,317
Prepaid income taxes 1,046 0
Total current assets 201,382 196,626
Property, plant and equipment    
Plant, machinery and equipment 160,305 153,074
Land and buildings 67,121 59,163
Computer equipment and software 10,680 18,832
Other 4,124 4,292
Total property, plant and equipment 242,230 235,361
Less accumulated depreciation 187,265 187,572
Property, plant and equipment, net 54,965 47,789
Operating lease right-of-use assets, net 9,827 13,133
Goodwill 94,349 91,819
Intangible assets, net 38,327 44,088
Net pension asset 80 0
Other assets 260 380
Total assets 399,190 393,835
Current liabilities    
Accounts payable 11,846 18,333
Accrued expenses 17,541 18,067
Current portion of operating lease liabilities 4,414 4,847
Total current liabilities 33,801 41,247
Liability for pension benefits 0 646
Deferred income taxes 9,305 11,098
Operating lease liabilities, net of current portion 5,160 8,162
Other liabilities 1,083 1,250
Total liabilities 49,349 62,403
Shareholders’ equity    
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at February 29, 2024 and February 28, 2023 75,134 75,134
Additional paid-in capital 126,253 125,887
Retained earnings 236,196 219,459
Accumulated other comprehensive loss:    
Minimum pension liability, net of taxes (13,019) (14,104)
Treasury stock (74,723) (74,944)
Total shareholders’ equity 349,841 331,432
Total liabilities and shareholders' equity $ 399,190 $ 393,835