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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2021
Feb. 28, 2021
Current assets:    
Cash and cash equivalents $ 20,355 $ 14,837
Accounts receivable (net of allowance for credit losses of $5,190 as of November 30, 2021 and $5,713 as of February 28, 2021) 144,764 128,127
Inventories:    
Raw material 99,777 86,913
Work-in-process 6,152 4,453
Finished goods 1,041 1,546
Contract assets 67,884 58,056
Prepaid expenses and other 5,153 5,876
Assets held for sale 4,409 3,684
Total current assets 349,535 303,492
Property, plant and equipment, net 199,886 205,909
Operating lease right-of-use assets 45,050 37,801
Goodwill 353,434 353,881
Deferred Tax Assets 5,649 3,969
Intangibles and other assets, net 84,022 91,390
Total assets 1,037,576 996,442
Current liabilities:    
Accounts payable 42,457 41,034
Income tax payable 3,200 0
Accrued salaries and wages 23,791 22,606
Other accrued liabilities 26,478 27,136
Customer deposits 721 348
Contract liabilities 14,733 16,138
Lease liability, short-term 7,277 6,588
Total current liabilities 118,657 113,850
Debt due after one year, net 191,468 178,419
Lease liability, long-term 37,395 32,629
Deferred income taxes 36,121 39,283
Other long-term liabilities 5,891 8,969
Total liabilities 389,532 373,150
Commitments and contingencies
Shareholders’ equity:    
Common stock, $1 par, shares authorized 100,000; 24,693 shares issued and outstanding at November 30, 2021 and 25,108 shares issued and outstanding at February 28, 2021 24,693 25,108
Capital in excess of par value 81,747 75,979
Retained earnings 568,641 547,289
Accumulated other comprehensive loss (27,037) (25,084)
Total shareholders’ equity 648,044 623,292
Total liabilities and shareholders' equity $ 1,037,576 $ 996,442