XML 89 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Feb. 28, 2013
Feb. 29, 2012
Current assets:    
Cash and cash equivalents $ 55,597,751 $ 143,302,666
Accounts receivable, net of allowance for doubtful accounts of $1,000,000 and $898,000 in 2013 and 2012, respectively 97,857,193 74,647,303
Inventories 82,330,926 60,281,130
Costs and estimated earnings in excess of billings on uncompleted contracts 12,878,068 14,038,161
Deferred income tax assets 7,615,525 7,654,781
Prepaid expenses and other 6,152,476 2,811,858
Total current assets 262,431,939 302,735,899
Property, plant, and equipment, at cost:    
Land 16,007,166 13,304,574
Buildings and structures 101,109,332 91,024,990
Machinery and equipment 133,636,597 119,656,204
Furniture, fixtures, software and computers 16,401,547 14,562,584
Automotive equipment 2,219,829 1,831,698
Construction in progress 5,555,208 2,623,589
Gross property, plant, and equipment 274,929,679 243,003,639
Less accumulated depreciation (120,453,459) (107,176,936)
Net property, plant, and equipment 154,476,220 135,826,703
Goodwill 171,886,270 121,383,863
Intangibles and other assets 105,410,385 46,828,100
Total Assets 694,204,814 606,774,565
Current Liabilities:    
Accounts payable 28,921,539 24,401,194
Income tax payable 568,722 998,496
Accrued salaries and wages 11,013,779 7,988,594
Other accrued liabilities 14,811,126 12,749,283
Customer advance payment 39,168,672 11,267,525
Profit sharing 8,360,000 5,300,000
Billings in excess of costs and estimated earnings on uncompleted contracts 1,769,656 987,771
Long-term debt due within one year 14,285,714 14,285,714
Total Current Liabilities 118,899,208 77,978,577
Long-term accrued liability due after one year 8,539,278 0
Long-term debt due after one year 196,428,571 210,714,286
Deferred income tax liabilities 36,403,283 30,472,937
Total liabilities 360,270,340 319,165,800
Commitments and Contingencies      
Shareholders' Equity:    
Common Stock, $1 par value; 50,000,000 shares authorized; 25,376,967 shares issued at February 28, 2013 and 25,218,320 at February 29, 2012 25,376,967 25,218,320
Capital in excess of par value 17,653,912 14,200,811
Retained earnings 294,092,945 247,059,938
Accumulated other comprehensive income (loss) (3,189,350) 1,303,974
Less Common Stock held in treasury, at cost (0 shares at February 28, 2013 and 53,090 shares at February 29, 2012) 0 (174,278)
Total shareholders’ equity 333,934,474 287,608,765
Total liabilities and Shareholders’ Equity $ 694,204,814 $ 606,774,565