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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2024
Feb. 29, 2024
Current assets    
Cash $ 99,977 $ 81,597
Short-term investments 22,655 29,325
Accounts receivable, net 43,729 47,209
Inventories, net 41,742 40,037
Prepaid expenses 2,099 2,168
Prepaid income taxes 2,157 1,046
Total current assets 212,359 201,382
Property, plant and equipment    
Plant, machinery and equipment 162,724 160,305
Land and buildings 67,798 67,121
Computer equipment and software 10,589 10,680
Other 4,016 4,124
Total property, plant and equipment 245,127 242,230
Less accumulated depreciation 190,322 187,265
Property, plant and equipment, net 54,805 54,965
Operating lease right-of-use assets, net 8,386 9,827
Goodwill 94,349 94,349
Intangible assets, net 36,475 38,327
Net pension asset 80 80
Other assets 360 260
Total assets 406,814 399,190
Current liabilities    
Accounts payable 14,293 11,846
Accrued expenses 15,662 17,541
Current portion of operating lease liabilities 3,940 4,414
Total current liabilities 33,895 33,801
Deferred income taxes 9,253 9,305
Operating lease liabilities, net of current portion 4,214 5,160
Other liabilities 1,083 1,083
Total liabilities 48,445 49,349
Shareholders’ equity    
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at August 31, 2024 and February 29, 2024 75,134 75,134
Additional paid-in capital 124,315 126,253
Retained earnings 244,235 236,196
Accumulated other comprehensive loss:    
Minimum pension liability, net of taxes (13,175) (13,019)
Treasury stock (72,140) (74,723)
Total shareholders’ equity 358,369 349,841
Total liabilities and shareholders' equity $ 406,814 $ 399,190