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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2020
Mar. 02, 2019
Current assets    
Cash and cash equivalents $ 14,952 $ 17,087
Restricted cash 0 12,154
Receivables, net of allowance for doubtful accounts 196,806 192,767
Inventories 71,089 78,344
Costs and earnings on contracts in excess of billings 73,582 55,095
Other current assets 25,481 16,451
Total current assets 381,910 371,898
Property, plant and equipment, net 324,386 315,823
Operating lease right-of-use assets 52,892 0
Goodwill 185,516 185,832
Intangible assets 140,191 148,235
Other non-current assets 44,096 46,380
Total assets 1,128,991 1,068,168
Current liabilities    
Accounts payable 69,056 72,219
Accrued payroll and related benefits 40,119 41,119
Billings in excess of costs and earnings on uncompleted contracts 32,696 21,478
Operating lease liabilities 11,272 0
Current portion long-term debt 5,400 0
Other current liabilities 118,314 92,696
Total current liabilities 276,857 227,512
Long-term debt 212,500 245,724
Non-current operating lease liabilities 43,163 0
Non-current self-insurance reserves 22,831 21,433
Other non-current liabilities 56,862 77,182
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 26,443,166 and 27,015,127 shares, respectively 8,814 9,005
Additional paid-in capital 154,016 151,842
Retained earnings 388,010 367,597
Common stock held in trust (685) (755)
Deferred compensation obligations 685 755
Accumulated other comprehensive loss (34,062) (32,127)
Total shareholders’ equity 516,778 496,317
Total liabilities and shareholders’ equity $ 1,128,991 $ 1,068,168