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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2024
Feb. 29, 2024
Current assets:    
Cash and cash equivalents $ 10,546 $ 4,349
Trade accounts receivable, net of allowance for credit losses of $2,322 and $2,347 at May 31, 2024 and February 29, 2024, respectively 144,391 142,246
Other receivables 17,403 15,599
Inventories 113,988 117,656
Contract assets 93,262 79,335
Prepaid expenses and other 16,752 7,814
Total current assets 396,342 366,999
Property, plant and equipment, net 555,355 541,652
Right-of-use assets 22,592 23,739
Goodwill 705,204 705,468
Deferred tax assets 5,594 5,606
Intangible assets, net 439,558 445,435
Other assets 9,495 8,437
Total assets 2,235,779 2,195,505
Current liabilities:    
Accounts payable 116,829 88,001
Income tax payable 3,414 172
Accrued salaries and wages 18,806 30,823
Other accrued liabilities 78,258 68,651
Lease liability, short-term 6,558 6,659
Total current liabilities 223,865 194,306
Long-term debt, net 929,800 952,742
Lease liability, long-term 16,801 17,827
Deferred tax liabilities 42,033 38,567
Other long-term liabilities 56,048 57,572
Total liabilities 1,268,547 1,261,014
Commitments and contingencies (Note 22)
Mezzanine equity:    
Series A Convertible Preferred Stock, $1 par, shares authorized 240; 240 shares issued and outstanding February 29, 2024; aggregate liquidation preference $312,520 at February 29, 2024 0 233,722
Shareholders' Equity:    
Common stock, $1 par value; 100,000 shares authorized; 29,814 and 25,102 shares issued and outstanding at May 31, 2024 and May 31, 2023, respectively 29,814 25,102
Capital in excess of par value 405,309 103,330
Retained earnings 535,168 576,231
Accumulated other comprehensive loss (3,059) (3,894)
Total shareholders’ equity 967,232 700,769
Total liabilities, mezzanine equity and shareholders' equity 2,235,779 2,195,505
AIS Joint Venture    
Current assets:    
Investment in joint venture $ 101,639 $ 98,169