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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2020
Feb. 29, 2020
Current assets:    
Cash and cash equivalents $ 19,195 $ 36,687
Accounts receivable (net of allowance for doubtful accounts of $5,234 as of November 30, 2020 and $4,951 as of February 29, 2020) 127,501 139,214
Inventories:    
Raw material 84,600 88,837
Work-in-process 7,475 5,543
Finished goods 1,683 5,461
Contract assets 74,712 70,093
Prepaid expenses and other 6,366 8,727
Assets held for sale 3,178 0
Total current assets 324,710 354,562
Property, plant and equipment, net 201,178 213,104
Operating lease right-of-use assets 38,474 43,208
Goodwill 351,830 356,225
Intangibles and other assets, net 93,677 106,732
Total assets 1,009,869 1,073,831
Current liabilities:    
Accounts payable 53,715 61,987
Income tax payable 0 2,876
Accrued salaries and wages 21,883 38,882
Other accrued liabilities 29,639 26,868
Customer deposits 436 255
Contract liabilities 11,521 18,418
Lease liability, short-term 6,261 6,327
Debt due within one year 0 125,000
Total current liabilities 123,455 280,613
Debt due after one year, net 181,978 77,878
Lease liability, long-term 33,323 38,114
Deferred income taxes 33,073 37,926
Other long-term liabilities 13,962 4,934
Total liabilities 385,791 439,465
Commitments and contingencies
Shareholders’ equity:    
Common stock, $1 par, shares authorized 100,000; 25,430 shares issued and outstanding at November 30, 2020 and 26,148 shares issued and outstanding at February 29, 2020 25,430 26,148
Capital in excess of par value 73,390 66,703
Retained earnings 552,443 572,414
Accumulated other comprehensive loss (27,185) (30,899)
Total shareholders’ equity 624,078 634,366
Total liabilities and shareholders' equity $ 1,009,869 $ 1,073,831