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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 04, 2017
Feb. 27, 2016
Current assets    
Cash and cash equivalents $ 19,463 $ 60,470
Short-term available for sale securities 548 30,173
Restricted cash 7,834 0
Receivables, net of allowance for doubtful accounts 185,740 172,832
Inventories 73,409 63,386
Refundable income taxes 1,743 0
Deferred tax assets 0 1,820
Other current assets 8,724 8,112
Total current assets 297,461 336,793
Property, plant and equipment, net 246,748 202,462
Available for sale securities 9,041 12,519
Deferred tax assets 4,025 0
Goodwill 101,334 73,996
Intangible assets 106,686 19,862
Other non-current assets 19,363 11,808
Total assets 784,658 657,440
Current liabilities    
Accounts payable 63,182 64,762
Accrued payroll and related benefits 51,244 39,946
Accrued self-insurance reserves 8,575 7,818
Other current liabilities 34,200 29,339
Billings in excess of costs and earnings on uncompleted contracts 28,857 31,890
Accrued income taxes 0 3,626
Total current liabilities 186,058 177,381
Long-term debt 65,400 20,400
Unrecognized tax benefits 3,980 4,441
Long-term self-insurance reserves 8,831 7,137
Deferred tax liabilities 4,025 4,972
Other non-current liabilities 45,787 36,914
Commitments and contingent liabilities (Note 11)
Shareholders’ equity    
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 28,680,841 and 28,683,948 shares, respectively 9,560 9,561
Additional paid-in capital 150,111 145,528
Retained earnings 341,996 282,477
Common stock held in trust (875) (837)
Deferred compensation obligations 875 837
Accumulated other comprehensive loss (31,090) (31,371)
Total shareholders’ equity 470,577 406,195
Total liabilities and shareholders’ equity $ 784,658 $ 657,440