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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2021
Feb. 29, 2020
Current assets:    
Cash and cash equivalents $ 14,837 $ 36,687
Accounts receivable, net of allowance for credit losses of $5,713 and $4,951 at February 28, 2021 and February 29, 2020, respectively 128,127 139,214
Inventories:    
Raw material 86,913 88,837
Work-in-process 4,453 5,543
Finished goods 1,546 5,461
Contract assets 58,056 70,093
Prepaid expenses and other 5,876 8,727
Assets held for sale 3,684 0
Total current assets 303,492 354,562
Property, plant and equipment, net 205,909 213,104
Operating lease right-of-use assets 37,801 43,208
Goodwill 353,881 356,225
Intangibles and other assets, net 95,359 106,732
Total assets 996,442 1,073,831
Current liabilities:    
Accounts payable 41,034 61,987
Income tax payable 0 2,876
Accrued salaries and wages 22,606 38,882
Other accrued liabilities 27,136 26,868
Customer deposits 348 255
Contract liabilities 16,138 18,418
Lease liability, short-term 6,588 6,327
Debt due within one year 0 125,000
Total current liabilities 113,850 280,613
Debt due after one year, net 178,419 77,878
Lease liability, long-term 32,629 38,114
Deferred income taxes 39,283 37,926
Other long-term liabilities 8,969 4,934
Total liabilities 373,150 439,465
Commitments and contingencies (Note 15)
Shareholders' Equity:    
Common Stock, $1.00 par value; 100,000 shares authorized; 25,108 and 26,148 shares issued and outstanding at February 28, 2021 and February 29, 2020, respectively 25,108 26,148
Capital in excess of par value 75,979 66,703
Retained earnings 547,289 572,414
Accumulated other comprehensive loss (25,084) (30,899)
Total shareholders’ equity 623,292 634,366
Total liabilities and shareholders' equity $ 996,442 $ 1,073,831