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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2022
Feb. 28, 2022
Current assets    
Cash $ 91,520 $ 85,606
Accounts receivable, net of allowance for doubtful receivables of $1,523 at August 31, 2022 and $1,200 at February 28, 2022 43,887 39,022
Prepaid expenses 2,078 1,863
Inventories, net 48,391 38,538
Total current assets 185,876 165,029
Property, plant and equipment    
Plant, machinery and equipment 152,318 151,126
Land and buildings 59,819 59,642
Computer equipment and software 18,439 18,368
Other 4,321 4,275
Total property, plant and equipment 234,897 233,411
Less accumulated depreciation 184,657 179,778
Net property, plant and equipment 50,240 53,633
Operating lease right-of-use assets, net 13,571 15,544
Goodwill 88,677 88,677
Intangible assets, net 42,631 45,569
Other assets 477 392
Total assets 381,472 368,844
Current liabilities    
Accounts payable 15,777 16,678
Accrued expenses 19,128 15,422
Current portion of operating lease liabilities 4,602 5,090
Total current liabilities 39,507 37,190
Liability for pension benefits 5,729 5,729
Deferred income taxes 11,666 11,405
Operating lease liabilities, net of current portion 8,790 10,241
Other liabilities 464 464
Total liabilities 66,156 65,029
Shareholders’ equity    
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at August 31, 2022 and February 28, 2022 75,134 75,134
Additional paid-in capital 124,031 123,990
Retained earnings 208,898 197,998
Accumulated other comprehensive income loss:    
Minimum pension liability, net of taxes (17,803) (18,587)
Treasury stock (74,944) (74,720)
Total shareholders’ equity 315,316 303,815
Total liabilities and shareholders' equity $ 381,472 $ 368,844