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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Aug. 31, 2011
Feb. 28, 2011
Current assets  
Cash$ 183$ 1,399
Restricted cash01,388
Accounts receivable, less allowance for doubtful accounts of $263 and $1348,3848,496
Inventories, net30,13830,593
Cost and estimated earnings in excess of billings on uncompleted contracts2,5732,192
Deferred income taxes2,5732,659
Income taxes refundable433770
Prepaid expenses and other848825
Assets of discontinued operations05,710
Total current assets45,13254,032
Property, plant, and equipment  
Land336336
Buildings6,3946,340
Machinery and equipment17,80817,583
Total property, plant, and equipment24,53824,259
Accumulated depreciation and amortization(20,146)(19,737)
Net property, plant, and equipment4,3924,522
Goodwill1,3761,376
Intangible assets, net1,3471,504
Deferred income taxes809823
Other assets65
Assets of discontinued operations01,208
Total assets53,06263,470
Current liabilities  
Accounts payable3,9154,387
Accrued liabilities2,5093,690
Billings in excess of cost and estimated earnings on uncompleted contracts4871,026
Current maturities of notes payable to officers and directors396396
Current maturities of long-term debt944943
Liabilities of discontinued operations03,208
Total current liabilities8,25113,650
Lines of credit10,68613,336
Long-term debt, less current maturities5,3505,822
Notes payable to officers and directors, less current maturities6981,374
Other long term liabilities123296
Liabilities of discontinued operations0188
Total liabilities25,10834,666
Shareholders' Equity  
Preferred stock, no par value - 10,000 shares authorized; none issued and outstanding  
Common stock, no par value - 50,000 shares authorized; 9,732 issued and 7,649 outstanding at August 31, 2011 and 9,732 issued and 8,409 outstanding at February 28, 20117,2937,293
Additional paid-in capital162175
Retained earnings30,72728,488
Treasury stock, shares at cost; 2,083 at August 31, 2011 and 1,323 at February 28, 2011(10,228)(7,152)
Total shareholders' equity27,95428,804
Total liabilities and shareholders' equity$ 53,062$ 63,470