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Revenue, Receivables and Contract Assets and Liabilities (Tables)
12 Months Ended
Mar. 02, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregated revenue data
The following table disaggregates total revenue by timing of recognition (see Note 15 for disclosure of revenue by segment):
March 2, 2024February 25, 2023February 26, 2022
(In thousands)(53 weeks)(52 weeks)(52 weeks)
Recognized at shipment$596,270 $649,792 $551,783 
Recognized over time (input method)483,109 514,826 503,972 
Recognized over time (output method)337,563 276,078 258,222 
Total$1,416,942 $1,440,696 $1,313,977 
Net receivables
(In thousands)20242023
Trade accounts$115,061 $140,732 
Construction contracts61,879 58,331 
Total receivables176,940 199,063 
Less: allowance for credit losses3,383 1,796 
Receivables, net$173,557 $197,267 
Allowance for credit losses
The following table summarizes the activity in the allowance for credit losses:
(In thousands)20242023
Beginning balance$1,796 $2,132 
Additions charged to costs and expenses2,473 394 
Deductions from allowance, net of recoveries(901)(686)
Other deductions15 (44)
Ending balance$3,383 $1,796 
Contract assets and liabilities
(In thousands)March 2, 2024February 25, 2023
Contract assets$49,502 $59,403 
Contract liabilities34,755 28,011 
March 2, 2024February 25, 2023
(In thousands)(53 weeks)(52 weeks)
Revenue recognized related to contract liabilities from prior year-end$25,342 $37,594 
Revenue recognized related to prior satisfaction of performance obligations9,257 16,612 
Performance obligations expected to be satisfied The transaction price associated with unsatisfied performance obligations at March 2, 2024 are expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods:
(In thousands)March 2, 2024
Within one year
$460,881 
Within two years
305,704 
Beyond two years
119,700 
Total$886,285