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Goodwill and Intangible Assets (Notes) | 12 Months Ended
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Feb. 28, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and intangible assets | Goodwill and intangible assets Goodwill is not amortized but is subject to annual impairment tests. Other intangible assets are amortized over their estimated useful lives. Changes in goodwill by segment for fiscal year 2018 and 2017 are as follows (in thousands):
Segment |  | February 28, 2017 |  | Acquisitions |  | Foreign Exchange Translation |  | February 28, 2018
Metal Coatings |  | $ | 109,980 |  |  | $ | 6,590 |  |  | $ | 662 |  |  | $ | 117,232 |
Energy |  | 196,599 |  |  | 7,476 |  |  | — |  |  | 204,075 |
Total |  | $ | 306,579 |  |  | $ | 14,066 |  |  | $ | 662 |  |  | $ | 321,307 |
Segment |  | February 29, 2016 |  | Acquisitions |  | Foreign Exchange Translation |  | February 28, 2017
Metal Coatings |  | $ | 109,314 |  |  | $ | — |  |  | $ | 666 |  |  | $ | 109,980 |
Energy |  | 183,213 |  |  | 13,386 |  |  | — |  |  | 196,599 |
Total |  | $ | 292,527 |  |  | $ | 13,386 |  |  | $ | 666 |  |  | $ | 306,579 |
The Company completes its annual impairment analysis of goodwill on December 31st of each year. As a result, the Company determined that there was no impairment of goodwill. Amortizable intangible assets consisted of the following (in thousands):
|  | February 28, 2018 |  | February 28, 2017
Customer related intangibles |  | $ | 194,712 |  |  | $ | 177,514 |
Non-compete agreements |  | 7,952 |  |  | 5,651 |
Trademarks |  | 4,569 |  |  | 4,569 |
Technology |  | 7,400 |  |  | 7,400 |
Engineering drawings |  | 24,600 |  |  | 24,600 |
Backlog |  | 7,600 |  |  | 7,600 |
Gross intangible assets |  | 246,833 |  |  | 227,334 |
Less accumulated amortization |  | (105,642 | ) |  | (88,314 | )
Total, net |  | $ | 141,191 |  |  | $ | 139,020 |
The Company recorded amortization expense of $17.1 million, $16.9 million and $16.2 million for fiscal 2018, 2017 and 2016, respectively, related to the amortizable intangible assets listed above. In addition to its amortizable intangible assets, the Company has recorded indefinite-lived intangible assets of $2.7 million on its consolidated balance sheet at February 28, 2018 related to certain tradenames. These indefinite-lived intangible assets are not amortized, but are assessed for impairment annually or whenever an impairment may be indicated. The estimated amortization expense for the five succeeding fiscal years and thereafter is as follows (in thousands):
Fiscal year: |  | Amortization Expense
2019 |  | $ | 16,979 |
2020 |  | 16,457 |
2021 |  | 16,231 |
2022 |  | 16,206 |
2023 |  | 13,119 |
Thereafter |  | 62,199 |
Total |  | $ | 141,191 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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