Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2021
Feb. 28, 2021
Current assets    
Cash $ 80,969 $ 75,190
Accounts receivable, net of allowance for doubtful receivables of $1,265 at November 30, 2021 and $961 at February 28, 2021 38,576 37,891
Prepaid expenses 1,962 1,605
Inventories 40,365 32,906
Assets held for sale 482
Total current assets 161,872 148,074
Property, plant and equipment    
Plant, machinery and equipment 157,903 157,737
Land and buildings 57,513 56,185
Computer equipment and software 18,868 19,336
Other 4,519 4,808
Total property, plant and equipment 238,803 238,066
Less accumulated depreciation 184,917 182,682
Net property, plant and equipment 53,886 55,384
Operating lease right-of-use assets 17,062 19,187
Goodwill 88,677 88,647
Intangible assets, net 47,817 52,712
Other assets 385 384
Total assets 369,699 364,388
Current liabilities    
Accounts payable 15,950 14,759
Accrued expenses 16,707 14,955
Current portion of operating lease liabilities 5,604 5,338
Total current liabilities 38,261 35,052
Liability for pension benefits 5,299 6,299
Deferred income taxes 8,140 7,677
Operating lease liabilities, net of current portion 11,322 13,567
Other liabilities 733 1,244
Total liabilities 63,755 63,839
Commitments and contingencies
Shareholders’ equity    
Preferred stock $10 par value, authorized 1,000,000 shares; none issued
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at November 30, 2021 and February 28, 2021 75,134 75,134
Additional paid-in capital 123,744 123,017
Retained earnings 197,847 194,436
Accumulated other comprehensive loss:    
Minimum pension liability, net of taxes (18,800) (20,282)
Treasury stock (71,981) (71,756)
Total shareholders’ equity 305,944 300,549
Total liabilities and shareholders' equity $ 369,699 $ 364,388