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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2020
Feb. 29, 2020
Current assets    
Cash $ 83,906 $ 68,258
Accounts receivable, net of allowance for doubtful receivables of $874 at August 31, 2020 and $715 at February 29, 2020 33,523 43,086
Prepaid expenses 1,630 1,541
Prepaid income taxes 2,811 2,164
Inventories 33,316 34,835
Total current assets 155,186 149,884
Property, plant and equipment    
Plant, machinery and equipment 151,677 155,744
Land and buildings 57,457 57,887
Computer equipment and software 19,366 19,312
Other 4,815 4,873
Total property, plant and equipment 233,315 237,816
Less accumulated depreciation 181,045 181,414
Net property, plant and equipment 52,270 56,402
Operating lease right-of-use assets 17,325 20,068
Goodwill 82,527 82,527
Intangible assets, net 52,633 56,557
Other assets 260 261
Total assets 360,201 365,699
Current liabilities    
Accounts payable 13,768 17,235
Accrued expenses 15,630 15,069
Current portion of operating lease liabilities 5,210 5,665
Total current liabilities 34,608 37,969
Liability for pension benefits 8,936 8,936
Deferred income taxes 9,038 8,749
Operating lease liabilities, net of current portion 11,902 14,200
Other liabilities 1,405 1,516
Total liabilities 65,889 71,370
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, 2020 and February 29, 2020 75,134 75,134
Additional paid-in capital 122,430 123,052
Retained earnings 192,685 193,809
Accumulated other comprehensive loss:    
Minimum pension liability, net of taxes (24,340) (25,206)
Treasury stock (71,597) (72,460)
Total shareholders’ equity 294,312 294,329
Total liabilities and shareholders' equity $ 360,201 $ 365,699