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Uncompleted Contracts
 12 Months Ended
Feb. 28, 2022
Contractors [Abstract]  
Uncompleted Contracts
Note 3. Uncompleted Contracts
Information relative to contracts in progress consisted of the following (in thousands):
 
 
  
February 28,
2022
 
 
February 28,
2021
 
Costs incurred to date on uncompleted contracts
  
$
2,465
 
 
$
2,183
 
Estimated earnings recognized to date on these contracts
  
 
1,073
 
 
 
980
 
 
  
 
 
 
 
 
 
 
Total costs and estimated gross profit earned
  
 
3,538
 
 
 
3,163
 
Less billings to date
  
 
(4,966
) 
 
 
(3,346
) 
 
  
 
 
 
 
 
 
 
Contract liabilities, net
  
$
(1,428
) 
 
$
(183
) 
 
  
 
 
 
 
 
 
 
The following amounts are included in the accompanying consolidated balance sheets under the following captions (in thousands):
 
 
  
February 28,
2022
 
  
February 28,
2021
 
Contract assets
  
$
444
 
  
$
1,534
 
Contract liabilities
  
 
(1,872
) 
  
 
(1,717
) 
 
  
 
 
 
  
 
 
 
Contract liabilities, net
  
$
(1,428
) 
  
$
(183
) 
 
  
 
 
 
  
 
 
 
As of February 28, 2022 and 2021, there were no production costs that exceeded the aggregate estimated cost of all in process and delivered units relating contracts. Additionally, there were no claims outstanding that would affect the ultimate realization of full contract values. As of February 28, 2022 and 2021, there were no progress payments that had been netted against inventory.