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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2019
Feb. 28, 2019
Current assets:    
Cash and cash equivalents $ 13,583 $ 24,005
Accounts receivable (net of allowance for doubtful accounts of $4,663 as of August 31, 2019 and $2,267 as of February 28, 2019) 154,460 144,887
Inventories:    
Raw material 98,135 94,410
Work-in-process 8,418 19,067
Finished goods 3,761 11,370
Contract assets 90,759 75,561
Prepaid expenses and other 10,925 9,245
Total current assets 380,041 378,545
Property, plant and equipment, net 214,098 210,227
Operating Lease, Right-of-Use Asset 45,709 45,870
Goodwill 353,516 323,756
Intangibles and other assets, net 126,753 130,172
Total assets 1,120,117 1,088,570
Current liabilities:    
Accounts payable 65,746 53,047
Income tax payable 6,409 632
Accrued salaries and wages 23,401 30,395
Other accrued liabilities 23,437 17,631
Customer deposits 696 481
Contract liabilities 23,658 56,928
Operating Lease, Liability, Current 5,901 5,657
Total current liabilities 149,248 164,771
Debt due after one year, net 255,812 240,745
Operating Lease, Liability, Noncurrent 40,990 41,190
Other long-term liabilities 5,335 1,513
Deferred income taxes 34,126 36,623
Total liabilities 485,511 484,842
Shareholders’ equity:    
Common stock, $1 par, shares authorized 100,000; 26,221 shares issued and outstanding at August 31, 2019 and 26,115 shares issued and outstanding at February 28, 2019 26,221 26,115
Capital in excess of par value 50,211 46,141
Retained earnings 588,172 560,224
Accumulated other comprehensive loss (29,998) (28,752)
Total shareholders’ equity 634,606 603,728
Total liabilities and shareholders' equity $ 1,120,117 $ 1,088,570