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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Nov. 30, 2019
Mar. 02, 2019
Current assets    
Cash and cash equivalents $ 10,129 $ 17,087
Restricted cash 401 12,154
Receivables, net of allowance for doubtful accounts 197,976 192,767
Inventories 75,791 78,344
Costs and earnings on contracts in excess of billings 72,284 55,095
Other current assets 40,335 16,451
Total current assets 396,916 371,898
Property, plant and equipment, net 326,418 315,823
Operating lease right-of-use assets 56,315 0
Goodwill 185,776 185,832
Intangible assets 142,779 148,235
Other non-current assets 41,587 46,380
Total assets 1,149,791 1,068,168
Current liabilities    
Accounts payable 66,557 72,219
Accrued payroll and related benefits 33,339 41,119
Billings on contracts in excess of costs and earnings 26,366 21,478
Operating lease liabilities 9,399 0
Current portion of debt 155,400 0
Other current liabilities 108,481 92,696
Total current liabilities 399,542 227,512
Long-term debt 95,856 245,724
Non-current operating lease liabilities 48,509 0
Non-current self-insurance reserves 25,260 21,433
Other non-current liabilities 65,645 77,182
Shareholders' equity    
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 26,552,935 and 27,015,127 respectively 8,851 9,005
Additional paid-in capital 153,188 151,842
Retained earnings 385,032 367,597
Common stock held in trust (675) (755)
Deferred compensation obligations 675 755
Accumulated other comprehensive loss (32,092) (32,127)
Total shareholders’ equity 514,979 496,317
Total liabilities and shareholders’ equity $ 1,149,791 $ 1,068,168