XML 96 R5.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2023
Feb. 28, 2023
Current assets:    
Cash and cash equivalents $ 2,108 $ 2,820
Accounts receivable, net of allowance for credit losses of $2,137 and $5,752 at February 28, 2023 and February 28, 2022, respectively 183,951 183,412
Inventories:    
Raw material 130,230 138,227
Work-in-process 2,186 1,558
Finished goods 4,061 4,135
Contract assets 76,799 79,273
Prepaid expenses and other 10,534 7,991
Total current assets 409,869 417,416
Property, plant and equipment, net 516,499 498,503
Right-of-use assets 24,273 26,392
Goodwill 705,531 702,512
Deferred tax assets 5,820 12,467
Intangibles and other assets, net 467,034 479,429
Total assets 2,214,561 2,221,479
Current liabilities:    
Accounts payable 127,408 109,861
Income tax payable 46 272
Accrued salaries and wages 21,307 26,262
Other accrued liabilities 50,984 44,442
Lease liability, short-term 6,572 6,403
Total current liabilities 206,317 187,240
Long-term debt, net 1,002,364 1,058,120
Lease liability, long-term 18,434 20,704
Deferred tax liabilities 31,417 40,536
Other long-term liabilities 57,952 61,419
Total liabilities 1,316,484 1,368,019
Commitments and contingencies (Note 19)
Shareholders' Equity:    
Common Stock, $1 par value; 100,000 shares authorized; 25,077 and 24,912 shares issued and outstanding at August 31, 2023 and August 31, 2022, respectively 25,077 24,912
Capital in excess of par value 331,366 326,839
Retained earnings 547,208 506,042
Accumulated other comprehensive loss (5,814) (4,573)
Total shareholders’ equity 898,077 853,460
Total liabilities and shareholders' equity 2,214,561 2,221,479
AIS Joint Venture    
Inventories:    
Investment in joint venture 85,535 84,760
Series A Preferred Stock    
Shareholders' Equity:    
Series A Convertible Preferred Stock, $1 par, shares authorized 240; 240 shares issued and outstanding at August 31, 2023 and 240000 shares issued and outstanding at August 31, 2022 $ 240 $ 240