Revenue, Receivables and Contract Assets and Liabilities (Tables)

3 Months Ended

May 28, 2022

Revenue from Contract with Customer [Abstract]

Disaggregated revenue data

The following table disaggregates total revenue by timing of recognition (see Note 12 for disclosure of revenue by segment):

	Three Months Ended
(In thousands)	May 28, 2022		May 29, 2021
Recognized at shipment	$	161,164	$	140,283
Recognized over time	195,471		185,723
Total	$	356,635	$	326,006

Net receivables

(In thousands)	May 28, 2022		February 26, 2022
Trade accounts	$	139,846	$	129,085
Construction contracts	19,002		12,857
Contract retainage	36,985		28,782
Total receivables	195,833		170,724
Less: allowance for credit losses	2,092		2,132
Receivables, net	$	193,741	$	168,592

Allowance for Credit Losses

The following table summarizes the activity in the allowance for credit losses:

(In thousands)	May 28, 2022		February 26, 2022
Beginning balance	$	2,132	$	1,947
Additions charged to costs and expenses	(174)		729
Deductions from allowance, net of recoveries	117		(514)
Other changes (1)	17		(30)
Ending balance	$	2,092	$	2,132
(1) Result of foreign currency effects

Contract assets and liabilities

(In thousands)	May 28, 2022		February 26, 2022
Contract assets	$	72,686	$	59,185
Contract liabilities	9,464		11,373

Performance obligations expected to be satisfied

The performance obligations are expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods:

(In thousands)	May 28, 2022
Within one year	$	505,055
Within two years	247,752
Beyond two years	57,786
Total	$	810,593