Revenue, Receivables and Contract Assets and Liabilities (Tables)

3 Months Ended

May 29, 2021

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
(In thousands)	May 29, 2021		May 30, 2020
Recognized at shipment	$	140,283	$	116,163
Recognized over time	185,723		172,932
Total	$	326,006	$	289,095

Net receivables

(In thousands)	May 29, 2021		February 27, 2021
Trade accounts	$	123,501	$	120,534
Construction contracts	2,181		12,163
Contract retainage	49,006		45,167
Total receivables	174,688		177,864
Less: allowance for credit losses	2,255		1,947
Net receivables	$	172,433	$	175,917

Allowance for Credit Losses

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

(In thousands)	May 29, 2021		February 27, 2021
Beginning balance	$	1,947	$	2,469
Additions charged to costs and expenses	332		389
Deductions from allowance, net of recoveries	(69)		(887)
Other changes (1)	45		(24)
Ending balance	$	2,255	$	1,947
(1) Result of foreign currency effects

Contract assets and liabilities

(In thousands)	May 29, 2021		February 27, 2021
Contract assets	$	77,396	$	74,664
Contract liabilities	18,955		25,000

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)	May 29, 2021
Within one year	$	464,123
Within two years	306,360
Beyond	84,478
Total	$	854,961