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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2016
Feb. 28, 2015
Current assets    
Cash $ 10,425 $ 15,346
Accounts receivable, net of allowance for doubtful receivables of $3,628 at February 29, 2016 and $3,559 at February 28, 2015 54,871 62,865
Prepaid expenses 5,117 8,853
Prepaid income taxes 1,503 3,198
Inventories 100,310 119,814
Deferred income taxes 6,285 6,272
Assets held for sale 464 194
Total current assets 178,975 216,542
Property, plant and equipment, at cost    
Plant, machinery and equipment 168,918 166,890
Land and buildings 78,912 83,283
Other 23,810 23,574
Total property, plant and equipment 271,640 273,747
Less accumulated depreciation 190,306 180,872
Net property, plant and equipment 81,334 92,875
Goodwill 64,537 64,489
Trademarks and trade names 24,461 28,591
Other intangible assets, net 42,472 47,636
Other assets 409 3,129
Total assets 392,188 453,262
Current liabilities    
Accounts payable 21,788 21,275
Accrued expenses    
Employee compensation and benefits 15,863 15,964
Taxes other than income 232 656
Other 2,517 2,352
Total current liabilities 40,400 40,247
Long-term debt 40,000 106,500
Liability for pension benefits 8,696 9,852
Deferred income taxes 3,569 10,248
Other liabilities 977 1,735
Total liabilities $ 93,642 $ 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 in February 29, 2016 and February 28, 2015 $ 75,134 $ 75,134
Additional paid-in capital 121,597 121,687
Retained earnings 206,105 188,413
Accumulated other comprehensive loss:    
Foreign currency translation, net of taxes (9,940) (4,627)
Minimum pension liability, net of taxes (17,345) (17,570)
Total accumulated other comprehensive loss (27,285) (22,197)
Treasury stock (77,005) (78,357)
Total shareholders' equity 298,546 284,680
Total liabilities and shareholders' equity $ 392,188 $ 453,262