XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.4
Revenue, Receivables and Contract Assets and Liabilities (Tables)
 9 Months Ended
Nov. 29, 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 EndedNine Months Ended
(In thousands)November 29, 2025November 30, 2024November 29, 2025November 30, 2024
Recognized at shipment$163,008 $150,704 $492,845 $427,945 
Recognized over time (input method)119,570 125,451 356,927 360,815 
Recognized over time (output method)65,985 65,189 203,607 226,540 
Total$348,563 $341,344 $1,053,379 $1,015,300 
Schedule of Receivables
(In thousands)November 29, 2025March 1, 2025
Trade accounts$111,819 $117,533 
Construction contracts66,310 70,724 
Total receivables178,129 188,257 
Less: allowance for credit losses1,541 2,667 
Receivables, net$176,588 $185,590 
Schedule of Allowance for Credit Losses
The following table summarizes the activity in the allowance for credit losses for the nine months ended November 29, 2025:
(In thousands)November 29, 2025
Beginning balance$2,667 
Credits against costs and expenses(571)
Deductions from allowance, net of recoveries(581)
Other adjustments26 
Ending balance$1,541 
Schedule of Other Contract-Related Disclosures
(In thousands)November 29, 2025March 1, 2025
Contract assets$66,645 $71,842 
Contract liabilities43,086 35,193 
Three Months EndedNine Months Ended
(In thousands)November 29, 2025November 30, 2024November 29, 2025November 30, 2024
Revenue recognized related to contract liabilities from prior year-end$700 $399 $29,029 $30,760 
Revenue recognized related to prior satisfaction of performance obligations1,957 4,129 4,366 12,295 
Schedule of Performance Obligations Expected to be Satisfied The transaction prices associated with unsatisfied performance obligations at November 29, 2025, are expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods:
(In thousands)November 29, 2025
Within one year
$530,201 
Between one and two years
283,130 
Beyond two years79,485 
Total$892,816 
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 EndedNine Months Ended
November 29, 2025November 30, 2024November 29, 2025November 30, 2024
Operating income
$3,976 $5,801 $4,775 $12,905 
Earnings per share:
Basic
0.140.200.170.45
Diluted
0.140.200.170.44