Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 29, 2020	Feb. 28, 2019
Current assets
Cash	$ 68,258	$ 88,442
Accounts receivable, net of allowance for doubtful receivables of $715 at February 29, 2020 and $1,020 at February 28, 2019	43,086	40,357
Prepaid expenses	1,541	1,760
Prepaid income taxes	2,164	195
Inventories	34,835	35,411
Total current assets	149,884	166,165
Property, plant and equipment
Plant, machinery and equipment	155,744	146,001
Land and buildings	57,887	56,394
Computer equipment and software	19,312	19,084
Other	4,873	4,754
Total property, plant and equipment	237,816	226,233
Less accumulated depreciation	181,414	173,099
Net property, plant and equipment	56,402	53,134
Operating lease right-of-use assets	20,068
Goodwill	82,527	81,634
Intangible assets, net	56,557	61,272
Net pension asset		580
Other assets	261	300
Total assets	365,699	363,085
Current liabilities
Accounts payable	17,235	13,728
Accrued expenses	15,069	17,895
Current portion of operating lease liabilities	5,665
Total current liabilities	37,969	31,623
Long-term debt		30,000
Liability for pension benefits	8,936
Deferred income taxes	8,749	10,898
Operating lease liabilities, net of current portion	14,200
Other liabilities	1,516	1,437
Total liabilities	71,370	73,958
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 February 29, 2020 and February 28, 2019	75,134	75,134
Additional paid-in capital	123,052	123,065
Retained earnings	193,809	179,003
Accumulated other comprehensive loss:
Minimum pension liability, net of taxes	(25,206)	(16,704)
Treasury stock	(72,460)	(71,371)
Total shareholders’ equity	294,329	289,127
Total liabilities and shareholders' equity	$ 365,699	$ 363,085