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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2019
Feb. 28, 2019
Current assets:    
Cash and cash equivalents $ 13,586 $ 24,005
Accounts receivable (net of allowance for doubtful accounts of $5,154 as of May 31, 2019 and $2,267 as of February 28, 2019) 159,234 144,887
Inventories:    
Raw material 101,434 94,410
Work-in-process 12,638 19,067
Finished goods 4,150 11,370
Contract assets 95,544 75,561
Prepaid expenses and other 10,359 9,245
Total current assets 396,945 378,545
Property, plant and equipment, net 206,305 210,227
Operating Lease, Right-of-Use Asset 46,983 45,870
Goodwill 360,059 323,756
Intangibles and other assets, net 125,387 130,172
Total assets 1,135,679 1,088,570
Current liabilities:    
Accounts payable 60,436 53,047
Income tax payable 5,272 632
Accrued salaries and wages 17,895 30,395
Other accrued liabilities 26,379 17,631
Customer deposits 514 481
Contract liabilities 22,319 56,928
Operating Lease, Liability, Current 5,951 5,657
Total current liabilities 138,766 164,771
Debt due after one year, net 296,779 240,745
Operating Lease, Liability, Noncurrent 42,042 41,190
Other long-term liabilities 1,599 1,513
Deferred income taxes 37,236 36,623
Total liabilities 516,422 484,842
Shareholders’ equity:    
Common stock, $1 par, shares authorized 100,000; 26,152 shares issued and outstanding at May 31, 2019 and 26,115 shares issued and outstanding at February 28, 2019 26,152 26,115
Capital in excess of par value 46,763 46,141
Retained earnings 577,068 560,224
Accumulated other comprehensive loss (30,726) (28,752)
Total shareholders’ equity 619,257 603,728
Total liabilities and shareholders' equity $ 1,135,679 $ 1,088,570