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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 27, 2021
Feb. 29, 2020
Current assets    
Cash and cash equivalents $ 47,277 $ 14,952
Receivables, net of allowance for doubtful accounts 175,917 196,806
Inventories 72,823 71,089
Costs and earnings on contracts in excess of billings 29,497 73,582
Other current assets 25,160 25,481
Total current assets 350,674 381,910
Property, plant and equipment, net 298,443 324,386
Operating lease right-of-use assets 58,864 52,892
Goodwill 130,098 185,516
Intangible assets 130,053 140,191
Other non-current assets 46,967 44,096
Total assets 1,015,099 1,128,991
Current liabilities    
Accounts payable 76,204 69,056
Accrued payroll and related benefits 50,125 40,119
Billings in excess of costs and earnings on uncompleted contracts 22,789 32,696
Operating lease liabilities 13,251 11,272
Current portion long-term debt 2,000 5,400
Other current liabilities 53,183 118,314
Total current liabilities 217,552 276,857
Long-term debt 163,000 212,500
Non-current operating lease liabilities 48,439 43,163
Non-current self-insurance reserves 24,880 22,831
Other non-current liabilities 68,483 56,862
Commitments and contingent liabilities (Note 10)
Shareholders’ equity    
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 25,713,688 and 26,443,166 shares, respectively 8,571 8,814
Additional paid-in capital 154,958 154,016
Retained earnings 357,243 388,010
Common stock held in trust (186) (685)
Deferred compensation obligations 186 685
Accumulated other comprehensive loss (28,027) (34,062)
Total shareholders’ equity 492,745 516,778
Total liabilities and shareholders’ equity $ 1,015,099 $ 1,128,991
Common Stock, Shares Authorized 25,713,688 26,443,166
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 Authorized 25,713,688 26,443,166