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Revenue, Receivables and Contract Assets and Liabilities (Tables) | 12 Months Ended
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Feb. 27, 2021
Revenue from Contract with Customer [Abstract] |
Disaggregated revenue data | The following table disaggregates total revenue by timing of recognition (see Note 15 for disclosure of revenue by segment):
(In thousands) |  |  |  |  |  | February 27, 2021 |  | February 29, 2020 |  | March 2, 2019
Recognized at shipment |  |  |  |  |  | $ | 504,583 |  |  | $ | 610,049 |  |  | $ | 623,357 |
Recognized over time |  |  |  |  |  | 726,191 |  |  | 777,390 |  |  | 779,280 |
Total |  |  |  |  |  | $ | 1,230,774 |  |  | $ | 1,387,439 |  |  | $ | 1,402,637 |
Net receivables |
(In thousands) |  | 2021 |  | 2020
Trade accounts |  | $ | 120,534 |  |  | $ | 141,126 |
Construction contracts |  | 12,163 |  |  | 20,808 |
Contract retainage |  | 45,167 |  |  | 37,341 |
Total receivables |  | 177,864 |  |  | 199,275 |
Less: allowance for credit losses |  | 1,947 |  |  | 2,469 |
Receivables, net |  | $ | 175,917 |  |  | $ | 196,806 |
Allowance for Credit Losses | The following table summarizes the activity in the allowance for credit losses:
(In thousands) |  | 2021 |  | 2020
Beginning balance |  | $ | 2,469 |  |  | $ | 4,372 |
Additions charged to costs and expenses |  | 389 |  |  | 1,192 |
Deductions from allowance, net of recoveries |  | (887) |  |  | (3,085) |
Other deductions |  | (24) |  |  | (10) |
Ending balance |  | $ | 1,947 |  |  | $ | 2,469 |
Contract assets and liabilities |
(In thousands) |  | February 27, 2021 |  | February 29, 2020
Contract assets |  | $ | 74,664 |  |  | $ | 110,923 |
Contract liabilities |  | 25,000 |  |  | 35,954 |
The decrease in contract assets was due to a reduction in costs and earnings in excess of billings, which is driven by the settlement of matters related to a legacy EFCO project, as well as the timing of projects. The change in contract liabilities was due to timing of project activity from businesses that operate under long-term contracts.
Performance obligations expected to be satisfied | The performance obligations are expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods:
(In thousands) |  | February 27, 2021
Within one year |  | $ | 472,728 |
Within two years |  | 316,847 |
Beyond |  | 67,946 |
Total |  | $ | 857,521 |

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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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