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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2021
Feb. 28, 2021
Current assets:    
Cash and cash equivalents $ 12,403 $ 14,837
Accounts receivable (net of allowance for credit losses of $5,362 as of May 31, 2021 and $5,713 as of February 28, 2021) 134,531 128,127
Inventories:    
Raw material 92,283 86,913
Work-in-process 6,214 4,453
Finished goods 1,453 1,546
Contract assets 71,185 58,056
Prepaid expenses and other 11,211 5,876
Assets held for sale 5,628 3,684
Total current assets 334,908 303,492
Property, plant and equipment, net 207,689 205,909
Operating lease right-of-use assets 48,698 37,801
Goodwill 354,839 353,881
Intangibles and other assets, net 93,105 95,359
Total assets 1,039,239 996,442
Current liabilities:    
Accounts payable 48,831 41,034
Income tax payable 4,778 0
Accrued salaries and wages 16,614 22,606
Other accrued liabilities 36,278 27,136
Customer deposits 421 348
Contract liabilities 17,098 16,138
Lease liability, short-term 7,174 6,588
Total current liabilities 131,194 113,850
Debt due after one year, net 185,435 178,419
Lease liability, long-term 40,702 32,629
Deferred income taxes 38,467 39,283
Other long-term liabilities 6,030 8,969
Total liabilities 401,828 373,150
Commitments and contingencies
Shareholders’ equity:    
Common stock, $1 par, shares authorized 100,000; 25,071 shares issued and outstanding at May 31, 2021 and 25,108 shares issued and outstanding at February 28, 2021 25,071 25,108
Capital in excess of par value 75,600 75,979
Retained earnings 559,173 547,289
Accumulated other comprehensive loss (22,433) (25,084)
Total shareholders’ equity 637,411 623,292
Total liabilities and shareholders' equity $ 1,039,239 $ 996,442