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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2024
Feb. 29, 2024
Current assets:    
Cash and cash equivalents $ 2,152 $ 4,349
Trade accounts receivable, net of allowance for credit losses of $(2,128) and $(2,347) at August 31, 2024 and February 29, 2024, respectively 153,108 142,246
Other receivables 22,804 15,599
Inventories 115,249 117,656
Contract assets 93,983 79,335
Prepaid expenses and other 13,860 7,814
Total current assets 401,156 366,999
Property, plant and equipment, net 569,732 541,652
Right-of-use assets 22,053 23,739
Goodwill 705,724 705,468
Deferred tax assets 5,616 5,606
Intangible assets, net 433,929 445,435
Other assets 4,352 8,437
Total assets 2,240,330 2,195,505
Current liabilities:    
Accounts payable 108,699 88,001
Income tax payable 1,919 172
Accrued salaries and wages 24,947 30,823
Other accrued liabilities 74,991 68,651
Lease liability, short-term 6,574 6,659
Total current liabilities 217,130 194,306
Long-term debt, net 912,572 952,742
Lease liability, long-term 16,263 17,827
Deferred tax liabilities 42,261 38,567
Other long-term liabilities 52,348 57,572
Total liabilities 1,240,574 1,261,014
Commitments and contingencies (Note 22)
Mezzanine equity:    
Series A Convertible Preferred Stock, $1,000 par, shares authorized 100,000; 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; 29,877 and 25,102 shares issued and outstanding at August 31, 2024 and August 31, 2023, respectively 29,877 25,102
Capital in excess of par value 411,263 103,330
Retained earnings 565,511 576,231
Accumulated other comprehensive loss (6,895) (3,894)
Total shareholders’ equity 999,756 700,769
Total liabilities, mezzanine equity and shareholders' equity 2,240,330 2,195,505
AIS Joint Venture    
Current assets:    
Investment in joint venture $ 97,768 $ 98,169