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Revenue, Receivables and Contract Assets and Liabilities (Tables) | 3 Months Ended
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May 27, 2023
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 |  |
(In thousands) |  | May 27, 2023 |  | May 28, 2022 |  |  |  |
Recognized at shipment |  | $ | 152,655 |  |  | $ | 161,164 |  |  |  |  |
Recognized over time |  | 209,058 |  |  | 195,471 |  |  |  |  |
Total |  | $ | 361,713 |  |  | $ | 356,635 |  |  |  |  |
Net receivables |
(In thousands) |  | May 27, 2023 |  | February 25, 2023
Trade accounts |  | $ | 139,204 |  |  | $ | 140,732 |
Construction contracts |  | 74,685 |  |  | 58,331 |
Total receivables |  | 213,889 |  |  | 199,063 |
Less: allowance for credit losses |  | 3,093 |  |  | 1,796 |
Receivables, net |  | $ | 210,796 |  |  | $ | 197,267 |
Allowance for Credit Losses | The following table summarizes the activity in the allowance for credit losses for the three-month period ended:
(In thousands) |  | May 27, 2023 |  |
Beginning balance |  | $ | 1,796 |  |  |
Additions charged to costs and expenses |  | 1,376 |  |  |
Deductions from allowance, net of recoveries |  | (82) |  |  |
Foreign currency effects |  | 3 |  |  |
Ending balance |  | $ | 3,093 |  |  |
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) |  | May 27, 2023
Within one year |  | $ | 459,780 |
Within two years |  | 262,496 |
Beyond two years |  | 81,710 |
Total |  | $ | 803,986 |

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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 -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + 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 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + 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 -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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