XML 79 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
May 31, 2013
Feb. 28, 2013
Current assets    
Cash $ 14,396 $ 6,232
Accounts receivable, net of allowance for doubtful receivables of $2,707 at May 31, 2013 and $3,952 at February 28, 2013 63,784 60,071
Prepaid expenses 6,819 7,425
Prepaid income taxes 775 4,170
Inventories 97,975 109,698
Deferred income taxes 5,820 5,820
Assets held for sale 710  
Total current assets 190,279 193,416
Property, plant and equipment, at cost    
Plant, machinery and equipment 154,718 155,093
Land and buildings 79,903 80,438
Other 23,234 23,252
Total property, plant and equipment 257,855 258,783
Less accumulated depreciation 167,812 166,870
Net property, plant and equipment 90,043 91,913
Goodwill 121,809 121,809
Trademarks and trade names, net 63,378 63,378
Customer lists, net 19,371 20,134
Deferred finance charges, net 485 522
Other assets 4,052 4,120
Total assets 489,417 495,292
Current liabilities    
Accounts payable 20,966 22,256
Accrued expenses    
Employee compensation and benefits 14,081 17,003
Taxes other than income 798 582
Income taxes payable 1,693 621
Other 2,446 2,577
Total current liabilities 39,984 43,039
Long-term debt 45,000 57,500
Liability for pension benefits 9,861 9,341
Deferred income taxes 23,276 23,184
Other liabilities 1,020 1,012
Total liabilities 119,141 134,076
Commitments and contingencies      
Shareholders' equity    
Preferred stock $10 par value, authorized 1,000,000 shares; none issued      
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at May 31 and February 28, 2013 75,134 75,134
Additional paid-in capital 121,599 122,186
Retained earnings 260,219 251,713
Accumulated other comprehensive income (loss):    
Foreign currency translation, net of taxes 721 571
Minimum pension liability, net of taxes (15,474) (15,474)
Total accumulated other comprehensive income (loss) (14,753) (14,903)
Treasury stock (71,923) (72,914)
Total shareholders' equity 370,276 361,216
Total liabilities and shareholders' equity $ 489,417 $ 495,292