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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2022
Feb. 28, 2022
Current assets:    
Cash and cash equivalents $ 100,998 $ 15,082
Accounts receivable (net of allowance for credit losses of $4,886 as of May 31, 2022 and $5,207 as of February 28, 2022) 255,749 167,016
Inventories:    
Raw material 176,734 117,603
Work-in-process 9,032 7,285
Finished goods 3,649 1,212
Contract assets 155,863 74,629
Prepaid expenses and other 18,136 3,471
Assets held for sale 235 235
Total current assets 720,396 386,533
Property, plant and equipment, net 491,722 230,848
Right-of-use assets 51,909 43,286
Goodwill 918,877 385,613
Deferred tax assets 5,217 5,191
Intangibles and other assets, net 594,171 81,557
Total assets 2,782,292 1,133,028
Current liabilities:    
Accounts payable 185,645 43,987
Income tax payable 1,661 3,564
Accrued salaries and wages 27,261 28,424
Other accrued liabilities 57,477 24,092
Customer deposits 712 681
Contract liabilities 39,682 42,465
Lease liability, short-term 8,975 7,318
Debt due within one year 13,000 0
Total current liabilities 334,413 150,531
Debt due after one year, net 1,594,777 226,484
Lease liability, long-term 42,603 35,610
Deferred income taxes 48,137 47,672
Other long-term liabilities 74,803 5,366
Total liabilities 2,094,733 465,663
Commitments and contingencies
Shareholders’ equity:    
Common stock, $1 par, shares authorized 100,000; 24,788 shares issued and outstanding at May 31, 2022 and 24,688 shares issued and outstanding at February 28, 2022 24,788 24,688
Capital in excess of par value 85,432 85,847
Retained earnings 604,039 584,154
Accumulated other comprehensive loss (26,700) (27,324)
Total shareholders’ equity 687,559 667,365
Total liabilities and shareholders' equity $ 2,782,292 $ 1,133,028