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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2024
Feb. 28, 2023
Current assets:    
Cash and cash equivalents $ 4,349 $ 2,820
Trade accounts receivable, net of allowance for credit losses of $2,347 and $5,752 at February 29, 2024 and February 28, 2023, respectively 142,246 156,443
Other receivables 15,599 26,969
Inventories 117,656 143,920
Contract assets 79,335 79,273
Prepaid expenses and other 7,814 7,991
Total current assets 366,999 417,416
Property, plant and equipment, net 541,652 498,503
Right-of-use assets 23,739 26,392
Goodwill 705,468 702,512
Deferred tax assets 5,606 12,467
Intangible assets, net 445,435 469,392
Other assets 8,437 10,037
Total assets 2,195,505 2,221,479
Current liabilities:    
Accounts payable 88,001 84,256
Income tax payable 172 272
Accrued salaries and wages 30,823 26,262
Other accrued liabilities 68,651 70,047
Lease liability, short-term 6,659 6,403
Total current liabilities 194,306 187,240
Long-term debt, net 952,742 1,058,120
Lease liability, long-term 17,827 20,704
Deferred tax liabilities 38,567 40,536
Other long-term liabilities 57,572 61,419
Total liabilities 1,261,014 1,368,019
Commitments and contingencies (Note 22)
Mezzanine equity:    
Series A Convertible Preferred Stock, $1 par, shares authorized 240; 240 shares issued and outstanding at February 29, 2024 and February 28, 2023, respectively; aggregate liquidation preference $312,520 and $326,920 at February 29, 2024 and February 28, 2023, respectively 233,722 233,722
Shareholders' Equity:    
Common Stock, $1 par value; 100,000 shares authorized; 25,102 and 24,912 shares issued and outstanding at February 29, 2024 and February 28, 2023, respectively 25,102 24,912
Capital in excess of par value 103,330 93,357
Retained earnings 576,231 506,042
Accumulated other comprehensive loss (3,894) (4,573)
Total shareholders’ equity 700,769 619,738
Total liabilities, mezzanine equity and shareholders' equity 2,195,505 2,221,479
AIS Joint Venture    
Current assets:    
Investment in joint venture $ 98,169 $ 84,760