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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Nov. 28, 2020
Feb. 29, 2020
Current assets    
Cash and cash equivalents $ 55,413 $ 14,952
Receivables, net 172,877 196,806
Inventories 73,815 71,089
Costs and earnings on contracts in excess of billings 29,141 73,582
Other current assets 14,389 25,481
Total current assets 345,635 381,910
Property, plant and equipment, net 302,082 324,386
Operating lease right-of-use assets 62,950 52,892
Goodwill 192,883 185,516
Intangible assets 136,843 140,191
Other non-current assets 45,589 44,096
Total assets 1,085,982 1,128,991
Current liabilities    
Accounts payable 69,719 69,056
Accrued payroll and related benefits 40,170 40,119
Billings on contracts in excess of costs and earnings 25,945 32,696
Operating lease liabilities 12,098 11,272
Current portion of debt 2,000 5,400
Other current liabilities 61,768 118,314
Total current liabilities 211,700 276,857
Long-term debt 166,463 212,500
Non-current operating lease liabilities 53,122 43,163
Non-current self-insurance reserves 26,085 22,831
Other non-current liabilities 81,269 56,862
Shareholders' equity    
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 25,962,041 and 26,443,166 respectively 8,654 8,814
Additional paid-in capital 155,974 154,016
Retained earnings 414,749 388,010
Common stock held in trust (183) (685)
Deferred compensation obligations 183 685
Accumulated other comprehensive loss (32,034) (34,062)
Total shareholders’ equity 547,343 516,778
Total liabilities and shareholders’ equity $ 1,085,982 $ 1,128,991
Common Stock, Par or Stated Value Per Share $ 0.33 $ 0.33
Common Stock, Shares Authorized 50,000,000 50,000,000
Common Stock, Shares, Outstanding 25,962,041 26,443,166
Common Stock, Shares, Issued 25,962,041 26,443,166