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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2020
Feb. 29, 2020
Current assets    
Cash $ 89,358 $ 68,258
Accounts receivable, net of allowance for doubtful receivables of $951 at November 30, 2020 and $715 at February 29, 2020 33,799 43,086
Prepaid expenses 1,600 1,541
Prepaid income taxes 3,076 2,164
Inventories 31,999 34,835
Assets held for sale 482  
Total current assets 160,314 149,884
Property, plant and equipment    
Plant, machinery and equipment 150,203 155,744
Land and buildings 56,245 57,887
Computer equipment and software 19,185 19,312
Other 4,808 4,873
Total property, plant and equipment 230,441 237,816
Less accumulated depreciation 180,396 181,414
Net property, plant and equipment 50,045 56,402
Operating lease right-of-use assets 16,066 20,068
Goodwill 82,527 82,527
Intangible assets, net 50,579 56,557
Other assets 260 261
Total assets 359,791 365,699
Current liabilities    
Accounts payable 12,293 17,235
Accrued expenses 15,450 15,069
Current portion of operating lease liabilities 5,057 5,665
Total current liabilities 32,800 37,969
Liability for pension benefits 8,936 8,936
Deferred income taxes 9,182 8,749
Operating lease liabilities, net of current portion 10,781 14,200
Other liabilities 1,398 1,516
Total liabilities 63,097 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 November 30, 2020 and February 29, 2020 75,134 75,134
Additional paid-in capital 122,699 123,052
Retained earnings 195,177 193,809
Minimum pension liability, net of taxes (23,907) (25,206)
Accumulated other comprehensive loss:    
Treasury stock (72,409) (72,460)
Total shareholders’ equity 296,694 294,329
Total liabilities and shareholders' equity $ 359,791 $ 365,699