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Revenue, Receivables and Contract Assets and Liabilities (Tables) | 3 Months Ended
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Jun. 01, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregates Total Revenue by Timing of Recognition | The following table disaggregates total revenue by timing of recognition (see Note 12 for disclosure of revenue by segment):
|  |  |  | Three Months Ended
(In thousands) |  |  |  |  |  | June 1, 2024 |  | May 27, 2023
Recognized at shipment |  |  |  |  |  | $ | 136,722 |  |  | $ | 152,655 |
Recognized over time (input method) |  |  |  |  |  | 116,681 |  |  | 123,381 |
Recognized over time (output method) |  |  |  |  |  | 78,113 |  |  | 85,677 |
Total |  |  |  |  |  | $ | 331,516 |  |  | $ | 361,713 |
Schedule of Receivables |
(In thousands) |  | June 1, 2024 |  | March 2, 2024
Trade accounts |  | $ | 112,266 |  |  | $ | 115,061 |
Construction contracts |  | 73,720 |  |  | 61,879 |
Total receivables |  | 185,986 |  |  | 176,940 |
Less: allowance for credit losses |  | 2,716 |  |  | 3,383 |
Receivables, net |  | $ | 183,270 |  |  | $ | 173,557 |
Schedule of Allowance for Credit Losses | The following table summarizes the activity in the allowance for credit losses for the three-month period ended:
(In thousands) |  | June 1, 2024 |  |
Beginning balance |  | $ | 3,383 |  |  |
Reductions to allowance of credit losses |  | (659) |  |  |
Foreign currency effects |  | (8) |  |  |
Ending balance |  | $ | 2,716 |  |  |
Schedule of Other Contract-Related Disclosures |
Other contract-related disclosures |  |  |  | Three Months Ended
(In thousands) |  |  |  |  |  | June 1, 2024 |  | May 27, 2023
Revenue recognized related to contract liabilities from prior year-end |  |  |  |  |  | $ | 26,530 |  |  | $ | 22,745 |
Revenue recognized related to prior satisfaction of performance obligations |  |  |  |  |  | 3,298 |  |  | 427 |
Schedule of Performance Obligations Expected to be Satisfied | The transaction prices associated with unsatisfied performance obligations at June 1, 2024 are expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods:
(In thousands) |  | June 1, 2024
Within one year |  | $ | 608,606 |
Between one and two years |  | 352,707 |
Beyond two years |  | 109,831 |
Total |  | $ | 1,071,144 |

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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 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + 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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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