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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Nov. 30, 2012
Feb. 29, 2012
Current assets    
Cash    $ 148
Accounts receivable, less allowance for doubtful accounts of $84 and $176 5,963 7,193
Inventories, net 31,584 29,736
Cost and estimated earnings in excess of billings on uncompleted contracts 3,244 3,236
Deferred income taxes 2,280 1,936
Income taxes refundable 77 680
Prepaid expenses and other 760 842
Total current assets 43,908 43,771
Property, plant and equipment    
Land 281 336
Buildings 5,625 6,659
Machinery and equipment 15,606 17,884
Total property, plant and equipment 21,512 24,879
Accumulated depreciation and amortization (17,211) (20,463)
Net property, plant and equipment 4,301 4,416
Note receivable 622 250
Goodwill 1,291 1,291
Intangible assets, net 1,043 1,221
Deferred income taxes 726 648
Other assets 30 6
Total assets 51,921 51,603
Current liabilities    
Accounts payable 3,368 3,237
Accrued liabilities 2,007 1,945
Billings in excess of cost and estimated earnings on uncompleted contracts 196 342
Lines of credit 11,085  
Current maturities of long-term debt 4,821 945
Total current liabilities 21,477 6,469
Lines of credit   11,057
Long-term debt, less current maturities 293 4,878
Unrecognized gain 554  
Other long-term liabilities 249 246
Total liabilities 22,573 22,650
Stockholders' 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 7,566 outstanding at November 30, 2012 and 9,732 issued and 7,581 outstanding at February 29, 2012 7,293 7,293
Additional paid-in capital 114 114
Retained earnings 32,515 32,065
Treasury stock, shares at cost; 2,166 at November 30, 2012 and 2,151 at February 29, 2012 (10,574) (10,519)
Total shareholders' equity 29,348 28,953
Total liabilities and shareholders' equity $ 51,921 $ 51,603