Revenue, Receivables and Contract Assets and Liabilities (Tables)

9 Months Ended

Nov. 26, 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				Nine Months Ended
(In thousands)	November 26, 2022		November 27, 2021		November 26, 2022		November 27, 2021
Recognized at shipment	$	168,593	$	141,826	$	504,450	$	419,893
Recognized over time	199,254		192,391		592,141		566,127
Total	$	367,847	$	334,217	$	1,096,591	$	986,020

Net receivables

(In thousands)	November 26, 2022		February 26, 2022
Trade accounts	$	142,591	$	129,085
Construction contracts	50,423		12,857
Contract retainage	31,395		28,782
Total receivables	224,409		170,724
Less: allowance for credit losses	1,855		2,132
Receivables, net	$	222,554	$	168,592

Allowance for Credit Losses

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

(In thousands)	November 26, 2022		February 26, 2022
Beginning balance	$	2,132	$	1,947
Additions charged to costs and expenses	20		729
Deductions from allowance, net of recoveries	(279)		(514)
Other changes (1)	(18)		(30)
Ending balance	$	1,855	$	2,132
(1) Result of foreign currency effects

Contract assets and liabilities

(In thousands)	November 26, 2022		February 26, 2022
Contract assets	$	64,359	$	59,185
Contract liabilities	31,657		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)	November 26, 2022
Within one year	$	493,289
Within two years	280,427
Beyond two years	87,660
Total	$	861,376