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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 02, 2024
Feb. 25, 2023
Current assets    
Cash and cash equivalents $ 37,216 $ 19,924
Restricted cash 0 1,549
Receivables, net 173,557 197,267
Inventories, net 69,240 78,441
Contract assets 49,502 59,403
Other current assets 29,124 26,517
Total current assets 358,639 383,101
Property, plant and equipment, net 244,216 248,867
Operating lease right-of-use assets 40,221 41,354
Goodwill 129,182 129,026
Intangible assets, net 66,114 67,375
Other non-current assets 45,692 45,642
Total assets 884,064 915,365
Current liabilities    
Accounts payable 84,755 86,549
Accrued compensation and benefits 53,801 51,651
Contract liabilities 34,755 28,011
Operating lease liabilities 12,286 11,806
Other current liabilities 59,108 64,532
Total current liabilities 244,705 242,549
Long-term debt 62,000 169,837
Non-current operating lease liabilities 31,907 33,072
Non-current self-insurance reserves 30,552 29,316
Other non-current liabilities 43,875 44,183
Commitments and contingent liabilities (Note 10)
Shareholders’ equity    
Junior preferred stock of $1.00 par value; authorized 200,000 shares; zero issued and outstanding 0 0
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 22,089,265 and 22,224,299 shares, respectively 7,363 7,408
Additional paid-in capital 152,818 146,816
Retained earnings 340,375 273,740
Accumulated other comprehensive loss (29,531) (31,556)
Total shareholders’ equity 471,025 396,408
Total liabilities and shareholders’ equity $ 884,064 $ 915,365