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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Sep. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Impact of new accounting guidance
For the quarter and six month periods ending September 1, 2018, the application of the new accounting guidance had the following impact on our consolidated financial statements:
 
 
Three Months Ended September 1, 2018
 
Six Months Ended September 1, 2018
In thousands
 
As reported
 
Without adoption of ASC 606
 
As reported
 
Without adoption of ASC 606
Net sales
 
$
362,133

 
$
359,584

 
$
698,664

 
$
686,835

Cost of sales
 
277,667

 
276,058

 
533,468

 
524,715

    Gross profit
 
84,466

 
83,526

 
165,196

 
162,120

Selling, general and administrative expenses
 
55,806

 
55,481

 
114,542

 
113,868

    Operating income
 
$
28,660

 
$
28,045

 
$
50,654

 
$
48,252

 
 
 
 
 
 
 
 
 
Income tax expense
 
$
6,420

 
$
6,274

 
$
11,300

 
$
10,726

Net earnings
 
20,513

 
20,044

 
35,887

 
34,059

 
 
 
 
 
 
 
 
 
 
 
 
 
September 1, 2018
 
 
 
 
 
 
As reported
 
Without adoption of ASC 606
Inventories
 
 
 
 
 
$
81,933

 
$
90,006

Costs and earnings on contracts in excess of billings
 
 
 
 
 
44,585

 
16,943

Billings on contracts in excess of costs and earnings
 
 
 
 
 
24,907

 
23,657

Other current liabilities
 
 
 
 
 
69,707

 
68,373

Retained earnings
 
 
 
 
 
402,619

 
407,446