Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2018	Feb. 28, 2018
Current assets
Cash and cash equivalents	$ 79,483	$ 96,230
Accounts receivable, net of allowance for doubtful receivables of $1,326 at August 31, 2018 and $1,194 at February 28, 2018	43,531	35,654
Prepaid expenses	989	1,305
Prepaid income taxes	806	3,600
Inventories	34,912	26,480
Assets held for sale		75
Total current assets	159,721	163,344
Property, plant and equipment
Plant, machinery and equipment	145,158	133,222
Land and buildings	56,541	54,318
Other	23,646	23,208
Total property, plant and equipment	225,345	210,748
Less accumulated depreciation	169,452	164,840
Net property, plant and equipment	55,893	45,908
Goodwill	80,944	70,603
Intangible assets, net	65,470	49,254
Other assets	372	330
Total assets	362,400	329,439
Current liabilities
Accounts payable	15,420	12,168
Accrued expenses	16,585	17,403
Total current liabilities	32,005	29,571
Long-term debt	30,000	30,000
Liability for pension benefits	735	735
Deferred income taxes	11,623	6,189
Other liabilities	1,541	1,240
Total liabilities	75,904	67,735
Commitments and contingencies
Shareholders’ equity
Preferred stock $10 par value, authorized 1,000,000 shares; none issued
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at August 31, 2018 and February 28, 2018	75,134	75,134
Additional paid-in capital	122,353	121,333
Retained earnings	172,180	164,177
Accumulated other comprehensive income (loss):
Minimum pension liability, net of taxes	(15,920)	(16,428)
Total accumulated other comprehensive income (loss)	(15,920)	(16,428)
Treasury stock	(67,251)	(82,512)
Total shareholders’ equity	286,496	261,704
Total liabilities and shareholders' equity	$ 362,400	$ 329,439