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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2021
Feb. 28, 2021
Current assets:    
Cash and cash equivalents $ 15,488 $ 14,837
Accounts receivable (net of allowance for credit losses of $5,272 as of August 31, 2021 and $5,713 as of February 28, 2021) 133,430 128,127
Inventories:    
Raw material 96,578 86,913
Work-in-process 6,533 4,453
Finished goods 1,328 1,546
Contract assets 61,355 58,056
Prepaid expenses and other 8,569 5,876
Assets held for sale 5,758 3,684
Total current assets 329,039 303,492
Property, plant and equipment, net 202,220 205,909
Operating lease right-of-use assets 46,828 37,801
Goodwill 353,637 353,881
Deferred Tax Assets 4,165 3,969
Intangibles and other assets, net 87,349 91,390
Total assets 1,023,238 996,442
Current liabilities:    
Accounts payable 43,877 41,034
Income tax payable 1,699 0
Accrued salaries and wages 20,296 22,606
Other accrued liabilities 31,362 27,136
Customer deposits 861 348
Contract liabilities 13,729 16,138
Lease liability, short-term 7,167 6,588
Total current liabilities 118,991 113,850
Debt due after one year, net 182,451 178,419
Lease liability, long-term 38,978 32,629
Deferred income taxes 38,569 39,283
Other long-term liabilities 5,823 8,969
Total liabilities 384,812 373,150
Commitments and contingencies
Shareholders’ equity:    
Common stock, $1 par, shares authorized 100,000; 24,840 shares issued and outstanding at August 31, 2021 and 25,108 shares issued and outstanding at February 28, 2021 24,840 25,108
Capital in excess of par value 79,908 75,979
Retained earnings 559,207 547,289
Accumulated other comprehensive loss (25,529) (25,084)
Total shareholders’ equity 638,426 623,292
Total liabilities and shareholders' equity $ 1,023,238 $ 996,442