Revenue, Receivables and Contract Assets and Liabilities (Tables)

9 Months Ended

Nov. 27, 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				Nine Months Ended
(In thousands)	November 27, 2021		November 28, 2020		November 27, 2021		November 28, 2020
Recognized at shipment	$	141,826	$	129,132	$	419,893	$	379,292
Recognized over time	192,391		184,451		566,127		542,870
Total	$	334,217	$	313,583	$	986,020	$	922,162

Net receivables

(In thousands)	November 27, 2021		February 27, 2021
Trade accounts	$	124,890	$	120,534
Construction contracts	16,266		12,163
Contract retainage	26,164		45,167
Total receivables	167,320		177,864
Less: allowance for credit losses	2,315		1,947
Net receivables	$	165,005	$	175,917

Allowance for Credit Losses

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

(In thousands)	November 27, 2021		February 27, 2021
Beginning balance	$	1,947	$	2,469
Additions charged to costs and expenses	635		389
Deductions from allowance, net of recoveries	(251)		(887)
Other changes (1)	(16)		(24)
Ending balance	$	2,315	$	1,947
(1) Result of foreign currency effects

Contract assets and liabilities

(In thousands)	November 27, 2021		February 27, 2021
Contract assets	$	54,487	$	74,664
Contract liabilities	20,689		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)	November 27, 2021
Within one year	$	547,110
Within two years	247,753
Beyond	68,209
Total	$	863,072