Summary of Significant Accounting Policies (Tables)

9 Months Ended

Dec. 01, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

For the three- and nine-month periods ending December 1, 2018, the application of the new accounting guidance had the following impact on our consolidated financial statements:



	Three Months Ended December 1, 2018				Nine Months Ended December 1, 2018
In thousands	As reported		Without adoption of ASC 606		As reported		Without adoption of ASC 606
Net sales	$	357,718	$	355,765	$	1,056,382	$	1,042,600
Cost of sales	273,628		272,087		807,096		796,802
Gross profit	84,090		83,678		249,286		245,798
Selling, general and administrative expenses	52,682		52,692		167,224		166,560
Operating income	$	31,408	$	30,986	$	82,062	$	79,238

Income tax expense	$	6,730	$	6,627	$	18,030	$	17,355
Net earnings	$	21,891	$	21,572	$	57,778	$	55,628

					December 1, 2018
					As reported		Without adoption of ASC 606
Inventories					$	79,847	$	89,250
Costs and earnings on contracts in excess of billings					60,140		30,756
Billings on contracts in excess of costs and earnings					26,961		25,923
Other current liabilities					59,230		57,802
Retained earnings					400,289		398,139