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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2022
Feb. 28, 2022
Current assets:    
Cash and cash equivalents $ 3,290 $ 12,082
Accounts receivable (net of allowance for credit losses of $5,763 as of November 30, 2022 and $4,716 as of February 28, 2022) 173,341 85,106
Inventories:    
Raw material 137,100 81,022
Work-in-process 1,763 840
Finished goods 2,583 1,135
Contract assets 78,560 2,866
Prepaid expenses and other 9,997 1,583
Assets held for sale 0 235
Current assets of discontinued operations 0 201,664
Total current assets 406,634 386,533
Property, plant and equipment, net 491,367 193,358
Right-of-use assets 24,248 13,954
Goodwill 710,246 190,391
Intangibles and other assets, net 3,438 3,464
Deferred tax assets 481,121 39,115
Total non-current assets of discontinued operations 0 306,212
Total assets 2,199,474 1,133,027
Current liabilities:    
Accounts payable 108,935 24,840
Income tax payable 0 3,828
Accrued salaries and wages 35,821 17,123
Accrued dividends 4,640 0
Other accrued liabilities 51,402 12,873
Customer deposits 536 294
Contract liabilities 1,022 0
Lease liability, short-term 5,399 3,289
Debt due within one year 13,000 0
Liabilities held for sale 0 88,283
Total current liabilities 220,755 150,530
Debt due after one year, net 1,010,648 226,484
Lease liability, long-term 19,673 11,403
Deferred income taxes 31,879 47,672
Other long-term liabilities 64,006 5,366
Total long-term liabilities of discontinued operations 0 24,207
Total liabilities 1,346,961 465,662
Commitments and contingencies
Shareholders’ equity:    
Common stock, $1 par, shares authorized 100,000; 24,876 shares issued and outstanding at November 30, 2022 and 24,688 shares issued and outstanding at February 28, 2022 24,876 24,688
Capital in excess of par value 325,433 85,847
Retained earnings 512,815 584,154
Accumulated other comprehensive loss (10,851) (27,324)
Total shareholders’ equity 852,513 667,365
Total liabilities and shareholders' equity 2,199,474 1,133,027
Series A Preferred Stock    
Current liabilities:    
Accrued dividends 4,600  
Shareholders’ equity:    
Series A Convertible Preferred Stock, $1 par, shares authorized 240; 240 shares issued and outstanding at November 30, 2022 and 0 shares issued and outstanding at February 28, 2022 $ 240 $ 0