XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.25.2

Revenue, Receivables and Contract Assets and Liabilities (Tables) | 3 Months Ended
--- | ---
May 31, 2025
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) |  | May 31, 2025 |  | June 1, 2024
Recognized at shipment |  | $ | 158,155 |  |  | $ | 136,722 |
Recognized over time (input method) |  | 119,224 |  |  | 116,681 |
Recognized over time (output method) |  | 69,243 |  |  | 78,113 |
Total |  | $ | 346,622 |  |  | $ | 331,516 |
Schedule of Receivables |
(In thousands) |  | May 31, 2025 |  | March 1, 2025
Trade accounts |  | $ | 126,884 |  |  | $ | 117,533 |
Construction contracts |  | 65,856 |  |  | 70,724 |
Total receivables |  | 192,740 |  |  | 188,257 |
Less: allowance for credit losses |  | 2,784 |  |  | 2,667 |
Receivables, net |  | $ | 189,956 |  |  | $ | 185,590 |
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) |  | May 31, 2025 |  |
Beginning balance |  | $ | 2,667 |  |  |
Charges against costs and expenses |  | 89 |  |  |
Deductions from allowance, net of recoveries |  | (2) |  |  |
Other adjustments |  | 30 |  |  |
Ending balance |  | $ | 2,784 |  |  |
Schedule of Other Contract-Related Disclosures |
(In thousands) |  | May 31, 2025 |  | March 1, 2025
Contract assets |  | $ | 69,457 |  |  | $ | 71,842 |
Contract liabilities |  | 43,342 |  |  | 35,193 |
Other contract-related disclosures |  | Three Months Ended
(In thousands) |  | May 31, 2025 |  | June 1, 2024
Revenue recognized related to contract liabilities from prior year-end |  | $ | 6,830 |  |  | $ | 26,530 |
Revenue recognized related to prior satisfaction of performance obligations |  | 473 |  |  | 3,298 |
Schedule of Performance Obligations Expected to be Satisfied | The transaction prices associated with unsatisfied performance obligations at May 31, 2025 are expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods:
(In thousands) |  | May 31, 2025
Within one year |  | $ | 535,558 |
Between one and two years |  | 210,117 |
Beyond two years |  | 89,831 |
Total |  | $ | 835,506 |
Schedule of Impact of Adjustments on Operating Income | The net cumulative catch-up adjustments on our longer-term contracts for changes in estimates had the following effect on the respective periods shown:
(in thousands, except earnings per share data) |  |  |  | Three Months Ended
|  |  |  |  | May 31, 2025 |  | June 1, 2024 |  |
Operating income |  |  |  |  |  | $ | 67 |  |  | $ | 3,004 |  |  |
Earnings per share: |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  | 0.00 |  | 0.10 |  |
Diluted |  |  |  |  |  | 0.00 |  | 0.10 |  |

X
- 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
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration