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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2023
Feb. 28, 2022
Current assets:    
Cash and cash equivalents $ 2,820 $ 12,082
Accounts receivable, net of allowance for credit losses of $5,752 and $5,395 at February 28, 2023 and February 28, 2022, respectively 183,412 85,106
Inventories:    
Raw material 138,227 81,022
Work-in-process 1,558 840
Finished goods 4,135 1,135
Contract assets 79,273 2,866
Prepaid expenses and other 7,991 1,583
Assets held for sale 0 235
Current assets of discontinued operations 0 201,664
Total current assets 417,416 386,533
Property, plant and equipment, net 498,503 193,358
Right-of-use assets 26,392 13,954
Goodwill 702,512 190,391
Deferred tax assets 12,467 3,464
Intangibles and other assets, net 479,429 39,115
Investment in joint venture 84,800  
Non-current assets of discontinued operations 0 306,212
Total assets 2,221,479 1,133,027
Current liabilities:    
Accounts payable 109,861 24,840
Income tax payable 272 3,828
Accrued salaries and wages 26,262 17,123
Other accrued liabilities 44,442 13,168
Lease liability, short-term 6,403 3,289
Current liabilities of discontinued operations 0 88,283
Total current liabilities 187,240 150,531
Long-term debt, net 1,058,120 226,484
Lease liability, long-term 20,704 11,403
Deferred tax liabilities 40,536 47,672
Other long-term liabilities 61,419 5,365
Long-term liabilities of discontinued operations 0 24,207
Total liabilities 1,368,019 465,662
Commitments and contingencies (Note 18)
Shareholders' Equity:    
Common Stock, $1 par value; 100,000 shares authorized; 24,912 and 24,688 shares issued and outstanding at February 28, 2023 and February 28, 2022, respectively 24,912 24,688
Capital in excess of par value 326,839 85,847
Retained earnings 506,042 584,154
Accumulated other comprehensive loss (4,573) (27,324)
Total shareholders’ equity 853,460 667,365
Total liabilities and shareholders' equity 2,221,479 1,133,027
AIS Joint Venture    
Inventories:    
Investment in joint venture 84,760 0
Series A Preferred Stock    
Shareholders' Equity:    
Series A Convertible Preferred Stock, $1 par, shares authorized 240; 240 shares issued and outstanding at February 28, 2023 and 0 shares issued and outstanding at February 28, 2022 $ 240 $ 0