Revenue, Receivables and Contract Assets and Liabilities (Tables)

9 Months Ended

Nov. 28, 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				Nine Months Ended
(In thousands)	November 28, 2020		November 30, 2019		November 28, 2020		November 30, 2019
Recognized at shipment	$	129,132	$	153,093	$	379,292	$	472,695
Recognized over time	184,451		184,823		542,870		577,645
Total	$	313,583	$	337,916	$	922,162	$	1,050,340

Net receivables

(In thousands)	November 28, 2020		February 29, 2020
Trade accounts	$	122,959	$	141,126
Construction contracts	9,727		20,808
Contract retainage	42,053		37,341
Total receivables	174,739		199,275
Less: allowance for credit losses	(1,862)		(2,469)
Net receivables	$	172,877	$	196,806

Allowance for Credit Losses

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

(In thousands)	November 28, 2020
Beginning balance	$	2,469
Additions charged to costs and expenses	325
Deductions from allowance, net of recoveries	(884)
Other changes (1)	(48)
Ending balance	$	1,862
(1) Result of foreign currency effects

Contract assets and liabilities

(In thousands)	November 28, 2020		February 29, 2020
Contract assets	$	71,194	$	110,923
Contract liabilities	27,965		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)	November 28, 2020
Within one year	$	498,623
Within two years	331,219
Beyond	71,786
Total	$	901,628