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, 2025June 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, 2025March 1, 2025
Trade accounts$126,884 $117,533 
Construction contracts65,856 70,724 
Total receivables192,740 188,257 
Less: allowance for credit losses2,784 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 expenses89 
Deductions from allowance, net of recoveries(2)
Other adjustments30 
Ending balance$2,784 
Schedule of Other Contract-Related Disclosures
(In thousands)May 31, 2025March 1, 2025
Contract assets$69,457 $71,842 
Contract liabilities43,342 35,193 
Other contract-related disclosuresThree Months Ended
(In thousands)May 31, 2025June 1, 2024
Revenue recognized related to contract liabilities from prior year-end$6,830 $26,530 
Revenue recognized related to prior satisfaction of performance obligations473 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, 2025June 1, 2024
Operating income
$67 $3,004 
Earnings per share:
Basic
0.000.10
Diluted
0.000.10