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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2016
Feb. 29, 2016
Current assets    
Cash and cash equivalents $ 85,225 $ 7,957
Accounts receivable, net of allowance for doubtful receivables of $1,820 at August 31, 2016 and $2,041 at February 29, 2016 37,017 36,546
Prepaid expenses 749 1,443
Prepaid income taxes 6,215 1,318
Inventories 28,227 27,619
Deferred income taxes 3,134 3,134
Assets held for sale   464
Current assets of discontinued operations   100,494
Total current assets 160,567 178,975
Property, plant and equipment, at cost    
Plant, machinery and equipment 131,819 131,346
Land and buildings 55,912 54,985
Other 22,724 22,686
Total property, plant and equipment 210,455 209,017
Less accumulated depreciation 162,019 158,226
Net property, plant and equipment 48,436 50,791
Goodwill 64,537 64,537
Trademarks and trade names 15,291 15,291
Other intangible assets, net 34,902 36,973
Deferred finance charges, net 300  
Other assets 246 274
Long-term assets of discontinued operations   46,337
Total assets 324,279 393,178
Current liabilities    
Accounts payable 11,362 13,738
Accrued expenses    
Employee compensation and benefits 11,829 11,798
Taxes other than income 1,078 172
Income taxes payable   64
Other 2,371 2,133
Current liabilities of discontinued operations   12,495
Total current liabilities 26,640 40,400
Long-term debt 30,000 40,000
Liability for pension benefits 9,974 8,696
Deferred income taxes 4,670 4,670
Other liabilities 875 866
Total liabilities 72,159 94,632
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 August 31 and February 29, 2016 75,134 75,134
Additional paid-in capital 120,578 121,597
Retained earnings 147,824 206,105
Accumulated other comprehensive loss:    
Foreign currency translation, net of taxes   (9,940)
Minimum pension liability, net of taxes (17,345) (17,345)
Total accumulated other comprehensive loss (17,345) (27,285)
Treasury stock (74,071) (77,005)
Total shareholders' equity 252,120 298,546
Total liabilities and shareholders' equity $ 324,279 $ 393,178