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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2022
Feb. 28, 2021
Current assets:    
Cash and cash equivalents $ 15,082 $ 14,837
Accounts receivable, net of allowance for credit losses of $5,207 and $5,713 at February 28, 2022 and February 28, 2021, respectively 167,016 128,765
Inventories:    
Raw material 117,603 87,822
Work-in-process 7,285 4,451
Finished goods 1,212 1,546
Contract assets 74,629 61,370
Prepaid expenses and other 3,471 6,029
Assets held for sale 235 235
Total current assets 386,533 305,055
Property, plant and equipment, net 230,848 207,089
Right-of-use assets 43,286 37,801
Goodwill 385,613 353,881
Deferred tax assets 5,191 3,969
Intangibles and other assets, net 81,557 91,432
Total assets 1,133,028 999,227
Current liabilities:    
Accounts payable 43,987 41,542
Income tax payable 3,564 0
Accrued salaries and wages 28,424 22,606
Other accrued liabilities 24,092 27,645
Customer deposits 681 348
Contract liabilities 42,465 17,873
Lease liability, short-term 7,318 6,619
Debt due within one year 0 0
Total current liabilities 150,531 116,633
Debt due after one year, net 226,484 178,419
Lease liability, long-term 35,610 32,631
Deferred tax liabilities 47,672 39,283
Other long-term liabilities 5,366 8,969
Total liabilities 465,663 375,935
Commitments and contingencies (Note 15)
Shareholders' Equity:    
Common Stock, $1.00 par value; 100,000 shares authorized; 24,688 and 25,108 shares issued and outstanding at February 28, 2022 and February 28, 2021, respectively 24,688 25,108
Capital in excess of par value 85,847 75,979
Retained earnings 584,154 547,289
Accumulated other comprehensive loss (27,324) (25,084)
Total shareholders’ equity 667,365 623,292
Total liabilities and shareholders' equity $ 1,133,028 $ 999,227