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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Aug. 29, 2020
Feb. 29, 2020
Current assets    
Cash and cash equivalents $ 19,001 $ 14,952
Receivables, net of allowance for doubtful accounts 165,682 196,806
Inventories 70,191 71,089
Costs and earnings on contracts in excess of billings 30,534 73,582
Other current assets 26,324 25,481
Total current assets 311,732 381,910
Property, plant and equipment, net 314,323 324,386
Operating lease right-of-use assets 53,592 52,892
Goodwill 192,566 185,516
Intangible assets 137,772 140,191
Other non-current assets 44,513 44,096
Total assets 1,054,498 1,128,991
Current liabilities    
Accounts payable 66,172 69,056
Accrued payroll and related benefits 35,872 40,119
Billings on contracts in excess of costs and earnings 23,745 32,696
Operating lease liabilities 10,684 11,272
Current portion of debt 152,000 5,400
Other current liabilities 73,313 118,314
Total current liabilities 361,786 276,857
Long-term debt 15,672 212,500
Non-current operating lease liabilities 44,913 43,163
Non-current self-insurance reserves 25,276 22,831
Other non-current liabilities 80,683 56,862
Shareholders' equity    
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 26,467,450 and 26,443,166 respectively 8,823 8,814
Additional paid-in capital 155,956 154,016
Retained earnings 394,614 388,010
Common stock held in trust (707) (685)
Deferred compensation obligations 707 685
Accumulated other comprehensive loss (33,225) (34,062)
Total shareholders’ equity 526,168 516,778
Total liabilities and shareholders’ equity $ 1,054,498 $ 1,128,991
Common Stock, Par or Stated Value Per Share $ 0.33 $ 0.33
Common Stock, Shares Authorized 50,000,000 50,000,000
Common Stock, Shares, Outstanding 26,467,450 26,443,166
Common Stock, Shares, Issued 26,467,450 26,443,166