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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
May 30, 2020
Feb. 29, 2020
Current assets    
Cash and cash equivalents $ 11,636 $ 14,952
Receivables, net of allowance for doubtful accounts 156,304 196,806
Inventories 75,285 71,089
Costs and earnings on contracts in excess of billings 65,980 73,582
Other current assets 21,488 25,481
Total current assets 330,693 381,910
Property, plant and equipment, net 320,073 324,386
Operating lease right-of-use assets 49,911 52,892
Goodwill 190,544 185,516
Intangible assets 136,071 140,191
Other non-current assets 44,332 44,096
Total assets 1,071,624 1,128,991
Current liabilities    
Accounts payable 62,369 69,056
Accrued payroll and related benefits 25,630 40,119
Billings on contracts in excess of costs and earnings 15,321 32,696
Operating lease liabilities 10,462 11,272
Current portion of debt 155,400 5,400
Other current liabilities 110,348 118,314
Total current liabilities 379,530 276,857
Long-term debt 55,500 212,500
Non-current operating lease liabilities 40,814 43,163
Non-current self-insurance reserves 24,140 22,831
Other non-current liabilities 67,496 56,862
Shareholders' equity    
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 26,368,864 and 26,443,166 respectively 8,790 8,814
Additional paid-in capital 153,862 154,016
Retained earnings 382,225 388,010
Common stock held in trust (696) (685)
Deferred compensation obligations 696 685
Accumulated other comprehensive loss (40,733) (34,062)
Total shareholders’ equity 504,144 516,778
Total liabilities and shareholders’ equity $ 1,071,624 $ 1,128,991