Revenue, Receivables and Contract Assets and Liabilities (Tables)

6 Months Ended

Aug. 29, 2020

Revenue from Contract with Customer [Abstract]

Disaggregated revenue data

The following table disaggregates total revenue by timing of recognition (see Note 12 for disclosure of revenue by segment):

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2020		August 31, 2019		August 29, 2020		August 31, 2019
Recognized at shipment	$	133,997	$	164,336	$	250,160	$	319,602
Recognized over time	185,486		192,722		358,418		392,822
Total	$	319,483	$	357,058	$	608,578	$	712,424

Net receivables

(In thousands)	August 29, 2020		February 29, 2020
Trade accounts	$	122,870	$	141,126
Construction contracts	3,611		20,808
Contract retainage	41,168		37,341
Total receivables	167,649		199,275
Less: allowance for credit losses	(1,967)		(2,469)
Net receivables	$	165,682	$	196,806

Allowance for Credit Losses

The following table summarizes the activity in the allowance for credit losses:

(In thousands)	August 29, 2020
Beginning balance	$	2,469
Additions charged to costs and expenses	115
Deductions from allowance, net of recoveries	(541)
Other changes (1)	(76)
Ending balance	$	1,967
(1) Result of foreign currency effects

Contract assets and liabilities

(In thousands)	August 29, 2020		February 29, 2020
Contract assets	$	71,701	$	110,923
Contract liabilities	26,105		35,954

Performance obligations expected to be satisfied

The performance obligations are expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods:

(In thousands)	August 29, 2020
Within one year	$	471,295
Within two years	363,735
Beyond	123,764
Total	$	958,794