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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2024
Feb. 29, 2024
Current assets    
Cash $ 55,704 $ 81,597
Short-term investments 12,862 29,325
Accounts receivable, net 40,255 47,209
Inventories, net 39,379 40,037
Prepaid expenses 2,746 2,168
Prepaid income taxes 1,469 1,046
Total current assets 152,415 201,382
Property, plant and equipment    
Plant, machinery and equipment 157,749 160,305
Land and buildings 67,772 67,121
Computer equipment and software 10,589 10,680
Other 3,996 4,124
Total property, plant and equipment 240,106 242,230
Less accumulated depreciation 186,911 187,265
Property, plant and equipment, net 53,195 54,965
Operating lease right-of-use assets, net 11,124 9,827
Goodwill 94,349 94,349
Intangible assets, net 34,532 38,327
Net pension asset 80 80
Other assets 360 260
Total assets 346,055 399,190
Current liabilities    
Accounts payable 12,077 11,846
Accrued expenses 15,578 17,541
Current portion of operating lease liabilities 4,664 4,414
Total current liabilities 32,319 33,801
Deferred income taxes 9,377 9,305
Operating lease liabilities, net of current portion 6,161 5,160
Other liabilities 502 1,083
Total liabilities 48,359 49,349
Shareholders’ equity    
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at November 30, 2024 and February 29, 2024 75,134 75,134
Additional paid-in capital 125,212 126,253
Retained earnings 182,140 236,196
Accumulated other comprehensive loss:    
Minimum pension liability, net of taxes (12,804) (13,019)
Treasury stock (71,986) (74,723)
Total shareholders’ equity 297,696 349,841
Total liabilities and shareholders' equity $ 346,055 $ 399,190