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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2023
Feb. 28, 2023
Current assets:    
Cash and cash equivalents $ 3,878 $ 2,820
Accounts receivable, net of allowance for credit losses of $5,751 and $5,752 at February 28, 2023 and February 28, 2022, respectively 170,460 183,412
Inventories:    
Raw material 138,760 138,227
Work-in-process 2,242 1,558
Finished goods 4,120 4,135
Contract assets 78,544 79,273
Prepaid expenses and other 10,485 7,991
Total current assets 408,489 417,416
Property, plant and equipment, net 504,032 498,503
Right-of-use assets 26,262 26,392
Goodwill 705,501 702,512
Deferred tax assets 5,820 12,467
Intangibles and other assets, net 468,805 479,429
Total assets 2,205,977 2,221,479
Current liabilities:    
Accounts payable 107,398 109,861
Income tax payable 178 272
Accrued salaries and wages 17,544 26,262
Other accrued liabilities 48,426 44,442
Lease liability, short-term 6,561 6,403
Total current liabilities 180,107 187,240
Long-term debt, net 1,040,841 1,058,120
Lease liability, long-term 20,427 20,704
Deferred tax liabilities 30,180 40,536
Other long-term liabilities 63,049 61,419
Total liabilities 1,334,604 1,368,019
Commitments and contingencies (Note 18)
Shareholders' Equity:    
Common Stock, $1 par value; 100,000 shares authorized; 25,013 and 24,912 shares issued and outstanding at May 31, 2023 and May 31, 2022, respectively 25,013 24,912
Capital in excess of par value 326,931 326,839
Retained earnings 526,729 506,042
Accumulated other comprehensive loss (7,540) (4,573)
Total shareholders’ equity 871,373 853,460
Total liabilities and shareholders' equity 2,205,977 2,221,479
AIS Joint Venture    
Inventories:    
Investment in joint venture 87,068 84,760
Series A Preferred Stock    
Shareholders' Equity:    
Series A Convertible Preferred Stock, $1 par, shares authorized 240; 240 shares issued and outstanding at May 31, 2023 and 240000 shares issued and outstanding at May 31, 2022 $ 240 $ 240