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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Nov. 27, 2021
Feb. 27, 2021
Current assets    
Cash and cash equivalents $ 78,272 $ 47,277
Receivables, net 165,005 175,917
Inventories 75,437 72,823
Costs and earnings on contracts in excess of billings 28,323 29,497
Other current assets 19,837 25,160
Total current assets 366,874 350,674
Property, plant and equipment, net 254,838 298,443
Assets held for sale 9,256 0
Operating lease right-of-use assets 50,845 58,864
Goodwill 129,932 130,098
Intangible assets 123,553 130,053
Other non-current assets 46,793 46,967
Total assets 982,091 1,015,099
Current liabilities    
Accounts payable 80,995 76,204
Accrued payroll and related benefits 48,017 50,125
Billings on contracts in excess of costs and earnings 18,458 22,789
Operating lease liabilities 11,834 13,251
Current portion of debt 1,000 2,000
Other current liabilities 57,586 53,183
Total current liabilities 217,890 217,552
Long-term debt 162,000 163,000
Non-current operating lease liabilities 43,608 48,439
Non-current self-insurance reserves 26,628 24,880
Other non-current liabilities 58,112 68,483
Shareholders' equity    
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 25,227,367 and 25,713,688 respectively 8,409 8,571
Additional paid-in capital 158,579 154,958
Retained earnings 336,816 357,243
Accumulated other comprehensive loss (29,951) (28,027)
Total shareholders’ equity 473,853 492,745
Total liabilities and shareholders’ equity $ 982,091 $ 1,015,099
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, Outstanding 25,227,367 25,713,688
Common Stock, Shares, Issued 25,227,367 25,713,688