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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
May 28, 2022
Feb. 26, 2022
Current assets    
Cash and cash equivalents $ 15,186 $ 37,583
Restricted cash 8,685 0
Receivables, net 193,741 168,592
Inventories 98,517 80,494
Costs and earnings on contracts in excess of billings 35,701 30,403
Other current assets 19,331 20,820
Total current assets 371,161 337,892
Property, plant and equipment, net 237,412 249,995
Operating lease right-of-use assets 45,021 47,912
Goodwill 130,251 130,102
Intangible assets 71,419 72,481
Other non-current assets 51,686 49,481
Total assets 906,950 887,863
Current liabilities    
Accounts payable 88,908 92,104
Accrued payroll and related benefits 38,212 50,977
Billings in excess of costs and earnings on uncompleted contracts 6,505 8,659
Operating lease liabilities 12,178 12,744
Current portion long-term debt 0 1,000
Other current liabilities 61,262 67,462
Total current liabilities 207,065 232,946
Long-term debt 261,000 162,000
Non-current operating lease liabilities 36,978 39,591
Non-current self-insurance reserves 21,677 22,544
Other non-current liabilities 52,940 44,583
Shareholders' equity    
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 22,200,680 and 23,701,491 respectively 7,400 7,901
Additional paid-in capital 140,785 149,713
Retained earnings 208,205 254,825
Accumulated other comprehensive loss (29,100) (26,240)
Total shareholders’ equity $ 327,290 $ 386,199
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 22,200,680 23,701,491
Common Stock, Shares, Outstanding 22,200,680 23,701,491
Total liabilities and shareholders’ equity $ 906,950 $ 887,863