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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Dec. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Impact of new accounting guidance | For the three- and nine-month periods ending December 1, 2018, the application of the new accounting guidance had the following impact on our consolidated financial statements:
|  | Three Months Ended December 1, 2018 |  | Nine Months Ended December 1, 2018
In thousands |  | As reported |  | Without adoption of ASC 606 |  | As reported |  | Without adoption of ASC 606
Net sales |  | $ | 357,718 |  |  | $ | 355,765 |  |  | $ | 1,056,382 |  |  | $ | 1,042,600 |
Cost of sales |  | 273,628 |  |  | 272,087 |  |  | 807,096 |  |  | 796,802 |
Gross profit |  | 84,090 |  |  | 83,678 |  |  | 249,286 |  |  | 245,798 |
Selling, general and administrative expenses |  | 52,682 |  |  | 52,692 |  |  | 167,224 |  |  | 166,560 |
Operating income |  | $ | 31,408 |  |  | $ | 30,986 |  |  | $ | 82,062 |  |  | $ | 79,238 |
Income tax expense |  | $ | 6,730 |  |  | $ | 6,627 |  |  | $ | 18,030 |  |  | $ | 17,355 |
Net earnings |  | $ | 21,891 |  |  | $ | 21,572 |  |  | $ | 57,778 |  |  | $ | 55,628 |
|  |  |  | December 1, 2018
|  |  |  |  |  | As reported |  | Without adoption of ASC 606
Inventories |  |  |  |  |  | $ | 79,847 |  |  | $ | 89,250 |
Costs and earnings on contracts in excess of billings |  |  |  |  |  | 60,140 |  |  | 30,756 |
Billings on contracts in excess of costs and earnings |  |  |  |  |  | 26,961 |  |  | 25,923 |
Other current liabilities |  |  |  |  |  | 59,230 |  |  | 57,802 |
Retained earnings |  |  |  |  |  | 400,289 |  |  | 398,139 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -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 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
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