Revenue, Receivables and Contract Assets and Liabilities (Tables)

6 Months Ended

Aug. 28, 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				Six Months Ended
(In thousands)	August 28, 2021		August 29, 2020		August 28, 2021		August 29, 2020
Recognized at shipment	$	137,783	$	133,997	$	278,066	$	250,160
Recognized over time	188,014		185,486		373,737		358,418
Total	$	325,797	$	319,483	$	651,803	$	608,578

Net receivables

(In thousands)	August 28, 2021		February 27, 2021
Trade accounts	$	123,658	$	120,534
Construction contracts	5,584		12,163
Contract retainage	33,719		45,167
Total receivables	162,961		177,864
Less: allowance for credit losses	2,103		1,947
Net receivables	$	160,858	$	175,917

Allowance for Credit Losses

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

(In thousands)	August 28, 2021		February 27, 2021
Beginning balance	$	1,947	$	2,469
Additions charged to costs and expenses	239		389
Deductions from allowance, net of recoveries	(75)		(887)
Other changes (1)	(8)		(24)
Ending balance	$	2,103	$	1,947
(1) Result of foreign currency effects

Contract assets and liabilities

(In thousands)	August 28, 2021		February 27, 2021
Contract assets	$	60,022	$	74,664
Contract liabilities	24,096		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)	August 28, 2021
Within one year	$	500,758
Within two years	341,749
Beyond	14,674
Total	$	857,181