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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Sep. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Impact of new accounting guidance | For the quarter and six month periods ending September 1, 2018, the application of the new accounting guidance had the following impact on our consolidated financial statements:
|  | Three Months Ended September 1, 2018 |  | Six Months Ended September 1, 2018
In thousands |  | As reported |  | Without adoption of ASC 606 |  | As reported |  | Without adoption of ASC 606
Net sales |  | $ | 362,133 |  |  | $ | 359,584 |  |  | $ | 698,664 |  |  | $ | 686,835 |
Cost of sales |  | 277,667 |  |  | 276,058 |  |  | 533,468 |  |  | 524,715 |
Gross profit |  | 84,466 |  |  | 83,526 |  |  | 165,196 |  |  | 162,120 |
Selling, general and administrative expenses |  | 55,806 |  |  | 55,481 |  |  | 114,542 |  |  | 113,868 |
Operating income |  | $ | 28,660 |  |  | $ | 28,045 |  |  | $ | 50,654 |  |  | $ | 48,252 |
Income tax expense |  | $ | 6,420 |  |  | $ | 6,274 |  |  | $ | 11,300 |  |  | $ | 10,726 |
Net earnings |  | 20,513 |  |  | 20,044 |  |  | 35,887 |  |  | 34,059 |
|  |  |  | September 1, 2018
|  |  |  |  |  | As reported |  | Without adoption of ASC 606
Inventories |  |  |  |  |  | $ | 81,933 |  |  | $ | 90,006 |
Costs and earnings on contracts in excess of billings |  |  |  |  |  | 44,585 |  |  | 16,943 |
Billings on contracts in excess of costs and earnings |  |  |  |  |  | 24,907 |  |  | 23,657 |
Other current liabilities |  |  |  |  |  | 69,707 |  |  | 68,373 |
Retained earnings |  |  |  |  |  | 402,619 |  |  | 407,446 |

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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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