XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2022
Feb. 28, 2022
Current assets:    
Cash and cash equivalents $ 11,340 $ 12,082
Accounts receivable (net of allowance for credit losses of $5,801 as of August 31, 2022 and $4,716 as of February 28, 2022) 193,647 85,106
Inventories:    
Raw material 137,841 81,022
Work-in-process 1,716 840
Finished goods 2,887 1,135
Contract assets 82,897 2,866
Prepaid expenses and other 13,044 1,583
Assets held for sale 0 235
Current assets of discontinued operations 215,068 201,664
Total current assets 658,440 386,533
Property, plant and equipment, net 496,125 193,358
Right-of-use assets 25,550 13,954
Goodwill 736,218 190,391
Intangibles and other assets, net 3,622 3,464
Deferred tax assets 478,284 39,115
Total non-current assets of discontinued operations 186,508 306,212
Total assets 2,584,747 1,133,027
Current liabilities:    
Accounts payable 158,085 24,840
Income tax payable 11,135 3,828
Accrued salaries and wages 27,294 17,123
Accrued dividends 1,040 0
Other accrued liabilities 52,512 12,873
Customer deposits 323 294
Contract liabilities 1,553 0
Lease liability, short-term 5,386 3,289
Debt due within one year 13,000 0
Liabilities held for sale 79,932 88,283
Total current liabilities 350,260 150,530
Debt due after one year, net 1,238,170 226,484
Lease liability, long-term 20,941 11,403
Deferred income taxes 29,044 47,672
Other long-term liabilities 65,090 5,366
Total long-term liabilities of discontinued operations 21,621 24,207
Total liabilities 1,725,126 465,662
Commitments and contingencies
Shareholders’ equity:    
Common stock, $1 par, shares authorized 100,000; 24,862 shares issued and outstanding at August 31, 2022 and 24,688 shares issued and outstanding at February 28, 2022 24,862 24,688
Capital in excess of par value 323,386 85,847
Retained earnings 541,203 584,154
Accumulated other comprehensive loss (30,070) (27,324)
Total shareholders’ equity 859,621 667,365
Total liabilities and shareholders' equity 2,584,747 1,133,027
Series A Preferred Stock    
Current liabilities:    
Accrued dividends 1,000  
Shareholders’ equity:    
Series A Convertible Preferred Stock, $1 par, shares authorized 240; 240 shares issued and outstanding at August 31, 2022 and 0 shares issued and outstanding at February 28, 2022 $ 240 $ 0