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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2023
Feb. 28, 2023
Current assets    
Cash $ 102,106 $ 93,968
Accounts receivable, net 46,627 53,507
Inventories, net 48,048 46,834
Prepaid expenses 1,933 2,317
Total current assets 198,714 196,626
Property, plant and equipment    
Plant, machinery and equipment 155,269 153,074
Land and buildings 61,950 59,163
Computer equipment and software 18,832 18,832
Other 4,292 4,292
Total property, plant and equipment 240,343 235,361
Less accumulated depreciation 189,742 187,572
Property, plant and equipment, net 50,601 47,789
Operating lease right-of-use assets, net 11,877 13,133
Goodwill 91,985 91,819
Intangible assets, net 42,503 44,088
Other assets 310 380
Total assets 395,990 393,835
Current liabilities    
Accounts payable 14,465 18,333
Accrued expenses 19,195 18,067
Current portion of operating lease liabilities 4,718 4,847
Total current liabilities 38,378 41,247
Liability for pension benefits 646 646
Deferred income taxes 11,227 11,098
Operating lease liabilities, net of current portion 7,008 8,162
Other liabilities 1,050 1,250
Total liabilities 58,309 62,403
Shareholders’ equity    
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at May 31, 20232 and February 28, 2023 75,134 75,134
Additional paid-in capital 126,101 125,887
Retained earnings 224,635 219,459
Accumulated other comprehensive income loss:    
Minimum pension liability, net of taxes (13,717) (14,104)
Treasury stock (74,472) (74,944)
Total shareholders’ equity 337,681 331,432
Total liabilities and shareholders' equity $ 395,990 $ 393,835