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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2020
Feb. 29, 2020
Current assets:    
Cash and cash equivalents $ 26,414 $ 36,687
Accounts receivable (net of allowance for doubtful accounts of $4,772 as of May 31, 2020 and $4,951 as of February 29, 2020) 130,047 139,214
Inventories:    
Raw material 90,092 88,837
Work-in-process 8,145 5,543
Finished goods 5,746 5,461
Contract assets 65,044 70,093
Prepaid expenses and other 9,541 8,727
Total current assets 335,029 354,562
Property, plant and equipment, net 214,965 213,104
Operating Lease, Right-of-Use Asset 41,767 43,208
Goodwill 355,808 356,225
Intangibles and other assets, net 103,204 106,732
Total assets 1,050,773 1,073,831
Current liabilities:    
Accounts payable 45,895 61,987
Income tax payable 6,239 2,876
Accrued salaries and wages 12,376 38,882
Other accrued liabilities 25,778 26,868
Customer deposits 626 255
Contract liabilities 17,365 18,418
Operating Lease, Liability, Current 6,338 6,327
Total current liabilities 239,617 280,613
Debt due after one year, net 93,911 77,878
Operating Lease, Liability, Noncurrent 38,290 38,114
Other long-term liabilities 7,604 4,934
Deferred income taxes 35,695 37,926
Total liabilities 415,117 439,465
Shareholders’ equity:    
Common stock, $1 par, shares authorized 100,000; 26,195 shares issued and outstanding at May 31, 2020 and 26,148 shares issued and outstanding at February 29, 2020 26,195 26,148
Capital in excess of par value 67,883 66,703
Retained earnings 573,530 572,414
Accumulated other comprehensive loss (31,952) (30,899)
Total shareholders’ equity 635,656 634,366
Total liabilities and shareholders' equity $ 1,050,773 $ 1,073,831