Revenue, Receivables and Contract Assets and Liabilities (Tables)

6 Months Ended

Aug. 27, 2022

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 27, 2022		August 28, 2021		August 27, 2022		August 28, 2021
Recognized at shipment	$	174,693	$	137,783	$	335,857	$	278,066
Recognized over time	197,416		188,014		392,887		373,737
Total	$	372,109	$	325,797	$	728,744	$	651,803

Net receivables

(In thousands)	August 27, 2022		February 26, 2022
Trade accounts	$	146,035	$	129,085
Construction contracts	65,482		12,857
Contract retainage	22,267		28,782
Total receivables	233,784		170,724
Less: allowance for credit losses	1,931		2,132
Receivables, net	$	231,853	$	168,592

Allowance for Credit Losses

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

(In thousands)	August 27, 2022		February 26, 2022
Beginning balance	$	2,132	$	1,947
Additions charged to costs and expenses	45		729
Deductions from allowance, net of recoveries	(244)		(514)
Other changes (1)	(2)		(30)
Ending balance	$	1,931	$	2,132
(1) Result of foreign currency effects

Contract assets and liabilities

(In thousands)	August 27, 2022		February 26, 2022
Contract assets	$	51,789	$	59,185
Contract liabilities	32,022		11,373

Performance obligations expected to be satisfied

expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods:

(In thousands)	August 27, 2022
Within one year	$	501,856
Within two years	293,561
Beyond two years	117,867
Total	$	913,284