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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2015
Feb. 28, 2015
Current assets    
Cash $ 13,710 $ 15,346
Accounts receivable, net of allowance for doubtful receivables of $4,052 at November 30, 2015 and $3,559 at February 28, 2015 54,243 62,865
Prepaid expenses 6,098 8,853
Prepaid income taxes 2,106 3,198
Inventories 98,570 119,814
Deferred income taxes 6,272 6,272
Assets held for sale   194
Total current assets 180,999 216,542
Property, plant and equipment, at cost    
Plant, machinery and equipment 169,774 166,890
Land and buildings 81,078 83,283
Other 23,730 23,574
Total property, plant and equipment 274,582 273,747
Less accumulated depreciation 188,279 180,872
Net property, plant and equipment 86,303 92,875
Goodwill 64,537 64,489
Trademarks and trade names 28,591 28,591
Other intangible assets, net 43,988 47,636
Deferred finance charges, net 112 224
Other assets 2,525 2,905
Total assets 407,055 453,262
Current liabilities    
Accounts payable 20,986 21,275
Accrued expenses    
Employee compensation and benefits 14,059 15,964
Taxes other than income 624 656
Income taxes payable 1,742  
Other 3,050 2,352
Total current liabilities 40,461 40,247
Long-term debt 45,000 106,500
Liability for pension benefits 11,507 9,852
Deferred income taxes 8,378 10,248
Other liabilities 1,735 1,735
Total liabilities $ 107,081 $ 168,582
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 November 30 and February 28, 2015 $ 75,134 $ 75,134
Additional paid-in capital 121,318 121,687
Retained earnings 205,776 188,413
Accumulated other comprehensive income (loss):    
Foreign currency translation, net of taxes (7,679) (4,627)
Minimum pension liability, net of taxes (17,570) (17,570)
Total accumulated other comprehensive income (loss) (25,249) (22,197)
Treasury stock (77,005) (78,357)
Total shareholders' equity 299,974 284,680
Total liabilities and shareholders' equity $ 407,055 $ 453,262