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Revenue, Receivables and Contract Assets and Liabilities (Tables) | 9 Months Ended
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Nov. 26, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregated revenue data | The following table disaggregates total revenue by timing of recognition (see Note 12 for disclosure of revenue by segment):
|  | Three Months Ended |  | Nine Months Ended
(In thousands) |  | November 26, 2022 |  | November 27, 2021 |  | November 26, 2022 |  | November 27, 2021
Recognized at shipment |  | $ | 168,593 |  |  | $ | 141,826 |  |  | $ | 504,450 |  |  | $ | 419,893 |
Recognized over time |  | 199,254 |  |  | 192,391 |  |  | 592,141 |  |  | 566,127 |
Total |  | $ | 367,847 |  |  | $ | 334,217 |  |  | $ | 1,096,591 |  |  | $ | 986,020 |
Net receivables |
(In thousands) |  | November 26, 2022 |  | February 26, 2022
Trade accounts |  | $ | 142,591 |  |  | $ | 129,085 |
Construction contracts |  | 50,423 |  |  | 12,857 |
Contract retainage |  | 31,395 |  |  | 28,782 |
Total receivables |  | 224,409 |  |  | 170,724 |
Less: allowance for credit losses |  | 1,855 |  |  | 2,132 |
Receivables, net |  | $ | 222,554 |  |  | $ | 168,592 |
Allowance for Credit Losses | The following table summarizes the activity in the allowance for credit losses:
(In thousands) |  | November 26, 2022 |  | February 26, 2022
Beginning balance |  | $ | 2,132 |  |  | $ | 1,947 |
Additions charged to costs and expenses |  | 20 |  |  | 729 |
Deductions from allowance, net of recoveries |  | (279) |  |  | (514) |
Other changes (1) |  | (18) |  |  | (30) |
Ending balance |  | $ | 1,855 |  |  | $ | 2,132 |
(1) Result of foreign currency effects |  |  |  |
Contract assets and liabilities |
(In thousands) |  | November 26, 2022 |  | February 26, 2022
Contract assets |  | $ | 64,359 |  |  | $ | 59,185 |
Contract liabilities |  | 31,657 |  |  | 11,373 |
Performance obligations expected to be satisfied | expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods:
(In thousands) |  | November 26, 2022
Within one year |  | $ | 493,289 |
Within two years |  | 280,427 |
Beyond two years |  | 87,660 |
Total |  | $ | 861,376 |

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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 https://asc.fasb.org/extlink&oid=124255953&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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