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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
May 29, 2021
Feb. 27, 2021
Current assets    
Cash and cash equivalents $ 36,469 $ 47,277
Receivables, net 172,433 175,917
Inventories 70,867 72,823
Costs and earnings on contracts in excess of billings 28,390 29,497
Other current assets 23,973 25,160
Total current assets 332,132 350,674
Property, plant and equipment, net 292,296 298,443
Operating lease right-of-use assets 56,277 58,864
Goodwill 131,461 130,098
Intangible assets 131,980 130,053
Other non-current assets 46,557 46,967
Total assets 990,703 1,015,099
Current liabilities    
Accounts payable 74,312 76,204
Accrued payroll and related benefits 37,041 50,125
Billings on contracts in excess of costs and earnings 16,873 22,789
Operating lease liabilities 12,438 13,251
Current portion of debt 3,000 2,000
Other current liabilities 44,541 53,183
Total current liabilities 188,205 217,552
Long-term debt 162,000 163,000
Non-current operating lease liabilities 47,184 48,439
Non-current self-insurance reserves 25,784 24,880
Other non-current liabilities 69,979 68,483
Shareholders' equity    
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 25,605,924 and 25,713,688 respectively 8,535 8,571
Additional paid-in capital 158,341 154,958
Retained earnings 352,130 357,243
Accumulated other comprehensive loss (21,455) (28,027)
Total shareholders’ equity 497,551 492,745
Total liabilities and shareholders’ equity $ 990,703 $ 1,015,099
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 25,605,924 25,713,688
Common Stock, Shares, Issued 25,605,924 25,713,688