Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2019	Feb. 28, 2019
Current assets
Cash	$ 52,500	$ 88,442
Accounts receivable, net of allowance for doubtful receivables of $937 at August 31, 2019 and $1,020 at February 28, 2019	43,689	40,357
Prepaid expenses	974	1,760
Prepaid income taxes	769	195
Inventories	39,108	35,411
Total current assets	137,040	166,165
Property, plant and equipment
Plant, machinery and equipment	155,977	146,001
Land and buildings	58,124	56,394
Other	24,050	23,838
Total property, plant and equipment	238,151	226,233
Less accumulated depreciation	177,632	173,099
Net property, plant and equipment	60,519	53,134
Operating lease right-of-use assets	20,818
Goodwill	82,950	81,634
Intangible assets, net	60,713	61,272
Net pension asset	580	580
Other assets	268	300
Total assets	362,888	363,085
Current liabilities
Accounts payable	17,908	13,728
Accrued expenses	15,144	17,895
Current portion of operating lease liabilities	5,302
Total current liabilities	38,354	31,623
Long-term debt		30,000
Deferred income taxes	11,746	10,898
Operating lease liabilities, net of current portion	15,246
Other liabilities	1,525	1,437
Total liabilities	66,871	73,958
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, 2019 and February 28, 2019	75,134	75,134
Additional paid-in capital	122,359	123,065
Retained earnings	186,417	179,003
Accumulated other comprehensive loss:
Minimum pension liability, net of taxes	(16,248)	(16,704)
Treasury stock	(71,645)	(71,371)
Total shareholders’ equity	296,017	289,127
Total liabilities and shareholders' equity	$ 362,888	$ 363,085