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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2019
Feb. 28, 2019
Current assets:    
Cash and cash equivalents $ 14,289 $ 24,005
Accounts receivable (net of allowance for doubtful accounts of $4,558 as of November 30, 2019 and $2,267 as of February 28, 2019) 174,647 144,887
Inventories:    
Raw material 97,651 94,410
Work-in-process 18,053 19,067
Finished goods 3,734 11,370
Contract assets 98,773 75,561
Prepaid expenses and other 7,474 9,245
Total current assets 414,621 378,545
Property, plant and equipment, net 211,691 210,227
Operating Lease, Right-of-Use Asset 48,733 45,870
Goodwill 361,326 323,756
Intangibles and other assets, net 136,197 130,172
Total assets 1,172,568 1,088,570
Current liabilities:    
Accounts payable 71,842 53,047
Income tax payable 12,437 632
Accrued salaries and wages 31,965 30,395
Other accrued liabilities 31,845 17,631
Customer deposits 716 481
Contract liabilities 26,867 56,928
Operating Lease, Liability, Current 6,701 5,657
Total current liabilities 182,373 164,771
Debt due after one year, net 254,845 240,745
Operating Lease, Liability, Noncurrent 43,231 41,190
Other long-term liabilities 3,578 1,513
Deferred income taxes 35,298 36,623
Total liabilities 519,325 484,842
Shareholders’ equity:    
Common stock, $1 par, shares authorized 100,000; 26,240 shares issued and outstanding at November 30, 2019 and 26,115 shares issued and outstanding at February 28, 2019 26,240 26,115
Capital in excess of par value 51,484 46,141
Retained earnings 605,746 560,224
Accumulated other comprehensive loss (30,227) (28,752)
Total shareholders’ equity 653,243 603,728
Total liabilities and shareholders' equity $ 1,172,568 $ 1,088,570