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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2025
Feb. 29, 2024
Current assets:    
Cash and cash equivalents $ 1,488 $ 4,349
Trade accounts receivable, net of allowance for credit losses of $419 and $2,347 at February 28, 2025 and February 29, 2024, respectively 135,149 142,246
Other receivables 12,932 15,599
Inventories 112,313 117,656
Contract assets 106,507 79,335
Prepaid expenses and other 7,055 7,814
Total current assets 375,444 366,999
Property, plant and equipment, net 592,941 541,652
Right-of-use assets 25,951 23,739
Goodwill 703,863 705,468
Deferred tax assets 3,620 5,606
Intangible assets, net 421,850 445,435
Other assets 4,053 8,437
Total assets 2,227,101 2,195,505
Current liabilities:    
Accounts payable 106,471 88,001
Income tax payable 602 172
Accrued salaries and wages 37,742 30,823
Other accrued liabilities 68,428 68,651
Lease liability, short-term 7,749 6,659
Total current liabilities 220,992 194,306
Long-term debt, net 852,365 952,742
Lease liability, long-term 19,012 17,827
Deferred tax liabilities 42,819 38,567
Other long-term liabilities 46,418 57,572
Total liabilities 1,181,606 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; 29,913 and 25,102 shares issued and outstanding at February 28, 2025 and February 29, 2024, respectively 29,913 25,102
Capital in excess of par value 418,004 103,330
Retained earnings 609,158 576,231
Accumulated other comprehensive loss (11,580) (3,894)
Total shareholders’ equity 1,045,495 700,769
Total liabilities, mezzanine equity and shareholders' equity 2,227,101 2,195,505
AIS Joint Venture    
Current assets:    
Investment in joint venture $ 99,379 $ 98,169