XML 16 R3.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 26, 2022
Feb. 27, 2021
Current assets    
Cash and cash equivalents $ 37,583 $ 47,277
Receivables, net of allowance for doubtful accounts 168,592 175,917
Inventories 80,494 72,823
Costs and earnings on contracts in excess of billings 30,403 29,497
Other current assets 20,820 25,160
Total current assets 337,892 350,674
Property, plant and equipment, net 249,995 298,443
Operating lease right-of-use assets 47,912 58,864
Goodwill 130,102 130,098
Intangible assets 72,481 130,053
Other non-current assets 49,481 46,967
Total assets 887,863 1,015,099
Current liabilities    
Accounts payable 92,104 76,204
Accrued payroll and related benefits 50,977 50,125
Billings in excess of costs and earnings on uncompleted contracts 8,659 22,789
Operating lease liabilities 12,744 13,251
Current portion long-term debt 1,000 2,000
Other current liabilities 67,462 53,183
Total current liabilities 232,946 217,552
Long-term debt 162,000 163,000
Non-current operating lease liabilities 39,591 48,439
Non-current self-insurance reserves 22,544 24,880
Other non-current liabilities 44,583 68,483
Commitments and contingent liabilities (Note 10)
Shareholders’ equity    
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 23,701,491 and 25,713,688 shares, respectively 7,901 8,571
Additional paid-in capital 149,713 154,958
Retained earnings 254,825 357,243
Accumulated other comprehensive loss (26,240) (28,027)
Total shareholders’ equity 386,199 492,745
Total liabilities and shareholders’ equity $ 887,863 $ 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 Issued 23,701,491 25,713,688
Common Stock, Shares Outstanding 23,701,491 25,713,688