XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.2
Revenue, Receivables and Contract Assets and Liabilities (Tables)
6 Months Ended
Aug. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregates Total Revenue by Timing of Recognition
The following table disaggregates total revenue by timing of recognition (see Note 12 for disclosure of revenue by segment):
Three Months EndedSix Months Ended
(In thousands)August 30, 2025August 31, 2024August 30, 2025August 31, 2024
Recognized at shipment$171,681 $140,518 $329,837 $277,240 
Recognized over time (input method)118,134 118,683 237,357 235,364 
Recognized over time (output method)68,379 83,239 137,622 161,352 
Total$358,194 $342,440 $704,816 $673,956 
Schedule of Receivables
(In thousands)August 30, 2025March 1, 2025
Trade accounts$120,663 $117,533 
Construction contracts76,824 70,724 
Total receivables197,487 188,257 
Less: allowance for credit losses2,163 2,667 
Receivables, net$195,324 $185,590 
Schedule of Allowance for Credit Losses
The following table summarizes the activity in the allowance for credit losses for the six months ended August 30, 2025:
(In thousands)August 30, 2025
Beginning balance$2,667 
Credits against costs and expenses(100)
Deductions from allowance, net of recoveries(432)
Other adjustments28 
Ending balance$2,163 
Schedule of Other Contract-Related Disclosures
(In thousands)August 30, 2025March 1, 2025
Contract assets$61,545 $71,842 
Contract liabilities51,003 35,193 
Other contract-related disclosuresThree Months EndedSix Months Ended
(In thousands)August 30, 2025August 31, 2024August 30, 2025August 31, 2024
Revenue recognized related to contract liabilities from prior year-end$21,499 $3,451 $28,329 $30,361 
Revenue recognized related to prior satisfaction of performance obligations1,935 4,867 2,408 8,166 
Schedule of Performance Obligations Expected to be Satisfied The transaction prices associated with unsatisfied performance obligations at August 30, 2025, are expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods:
(In thousands)August 30, 2025
Within one year
$547,648 
Between one and two years
292,578 
Beyond two years90,646 
Total$930,872 
Schedule of Impact of Adjustments on Operating Income
The net cumulative catch-up adjustments on our longer-term contracts for changes in estimates had the following effect on the respective periods shown:
(in thousands, except earnings per share data)Three Months EndedSix Months Ended
August 30, 2025August 31, 2024August 30, 2025August 31, 2024
Operating income
$731 $4,099 $799 $7,104 
Earnings per share:
Basic
0.030.140.030.25
Diluted
0.030.140.030.24