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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Aug. 28, 2021
Feb. 27, 2021
Current assets    
Cash and cash equivalents $ 61,821 $ 47,277
Receivables, net 160,858 175,917
Inventories 76,601 72,823
Costs and earnings on contracts in excess of billings 26,303 29,497
Other current assets 18,311 25,160
Total current assets 343,894 350,674
Property, plant and equipment, net 272,994 298,443
Operating lease right-of-use assets 52,087 58,864
Goodwill 130,388 130,098
Intangible assets 126,642 130,053
Other non-current assets 50,448 46,967
Total assets 976,453 1,015,099
Current liabilities    
Accounts payable 79,166 76,204
Accrued payroll and related benefits 38,492 50,125
Billings on contracts in excess of costs and earnings 20,825 22,789
Operating lease liabilities 11,466 13,251
Current portion of debt 1,000 2,000
Other current liabilities 48,700 53,183
Total current liabilities 199,649 217,552
Long-term debt 162,000 163,000
Non-current operating lease liabilities 45,387 48,439
Non-current self-insurance reserves 26,194 24,880
Other non-current liabilities 66,662 68,483
Shareholders' equity    
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 25,394,275 and 25,713,688 respectively 8,465 8,571
Additional paid-in capital 158,115 154,958
Retained earnings 336,398 357,243
Accumulated other comprehensive loss (26,417) (28,027)
Total shareholders’ equity 476,561 492,745
Total liabilities and shareholders’ equity $ 976,453 $ 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 25,394,275 25,713,688
Common Stock, Shares, Issued 25,394,275 25,713,688