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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 03, 2018
Mar. 04, 2017
Current assets    
Cash and cash equivalents $ 19,359 $ 19,463
Short-term available for sale securities 423 548
Restricted cash 0 7,834
Receivables, net of allowance for doubtful accounts 211,852 185,740
Inventories 85,028 73,409
Refundable income taxes 2,040 1,743
Other current assets 17,576 8,724
Total current assets 336,278 297,461
Property, plant and equipment, net 304,063 246,748
Available for sale securities 8,630 9,041
Deferred tax assets 1,354 4,025
Goodwill 180,956 101,334
Intangible assets 167,349 106,686
Other non-current assets 23,690 19,363
Total assets 1,022,320 784,658
Current liabilities    
Accounts payable 68,416 63,182
Accrued payroll and related benefits 36,646 51,244
Accrued self-insurance reserves 10,933 8,575
Other current liabilities 79,696 34,200
Billings in excess of costs and earnings on uncompleted contracts 12,461 28,857
Total current liabilities 208,152 186,058
Long-term debt 215,860 65,400
Unrecognized tax benefits 4,568 3,980
Long-term self-insurance reserves 16,307 8,831
Deferred tax liabilities 4,657 4,025
Other non-current liabilities 61,421 45,787
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 28,158,042 and 28,680,841 shares, respectively 9,386 9,560
Additional paid-in capital 152,763 150,111
Retained earnings 373,259 341,996
Common stock held in trust (922) (875)
Deferred compensation obligations 922 875
Accumulated other comprehensive loss (24,053) (31,090)
Total shareholders’ equity 511,355 470,577
Total liabilities and shareholders’ equity $ 1,022,320 $ 784,658