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Income Taxes (Tables) | 12 Months Ended
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Feb. 28, 2018
Income Tax Disclosure [Abstract] |
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company’s net deferred income tax liability are as follows (in thousands):
|  | February 28, 2018 |  | February 28, 2017
Deferred income tax assets: |  |  |  |
Employee related items |  | $ | 4,532 |  |  | $ | 6,839 |
Inventories |  | 816 |  |  | 1,286 |
Accrued warranty |  | 432 |  |  | 715 |
Accounts receivable |  | 299 |  |  | 261 |
Net operating loss carry forward |  | 5,067 |  |  | 4,011 |
|  | 11,146 |  |  | 13,112 |
Less: valuation allowance |  | (1,558 | ) |  | (648 | )
Total deferred income tax assets |  | 9,588 |  |  | 12,464 |
Deferred income tax liabilities: |  |  |  |
Depreciation methods and property basis differences |  | (17,955 | ) |  | (27,913 | )
Other assets and tax-deductible goodwill |  | (24,537 | ) |  | (37,950 | )
Total deferred income tax liabilities |  | (42,492 | ) |  | (65,863 | )
Net deferred income tax liabilities |  | $ | (32,904 | ) |  | $ | (53,399 | )
Schedule of Components of Income Tax Expense (Benefit) | The provision for income taxes consists of (in thousands):
|  | Year Ended
|  | February 28, 2018 |  | February 28, 2017 |  | February 29, 2016
Income before income taxes: |  |  |  |  |
Domestic | $ | 24,282 |  |  | $ | 74,972 |  |  | $ | 93,561 |
Foreign | 6,617 |  |  | 10,325 |  |  | 8,814 |
Income before income taxes | $ | 30,899 |  |  | $ | 85,297 |  |  | $ | 102,375 |
Current provision (benefit): |  |  |  |  |
| Federal | $ | 9,080 |  |  | $ | 23,282 |  |  | $ | 28,099 |
| Foreign | 1,958 |  |  | 2,751 |  |  | 2,706 |
| State and local | 964 |  |  | (696 | ) |  | (337 | )
Total current provision for income taxes | $ | 12,002 |  |  | $ | 25,337 |  |  | $ | 30,468 |
Deferred provision (benefit): |  |  |  |  |
| Federal | $ | (25,855 | ) |  | $ | (2,486 | ) |  | $ | (6,560 | )
| Foreign | 100 |  |  | 189 |  |  | (123 | )
| State and local | (517 | ) |  | 993 |  |  | 3,046 |
Total deferred provision for (benefit from) income taxes | $ | (26,272 | ) |  | $ | (1,304 | ) |  | $ | (3,637 | )
Total provision for (benefit from) income taxes | $ | (14,270 | ) |  | $ | 24,033 |  |  | $ | 26,831 |
Summary of Operating Loss Carryforwards | The following table summarizes the Net operating loss (NOL) carryforward (in thousands):
|  | February 28, 2018 |  | February 28, 2017
Federal |  | $ | — |  |  | $ | — |
State |  | $ | 5,067 |  |  | $ | 4,011 |
Foreign |  | $ | — |  |  | $ | — |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation from the federal statutory income tax rate to the effective income tax rate is as follows:
|  | Year Ended
|  | February 28, 2018 |  | February 28, 2017 |  | February 29, 2016
Statutory federal income tax rate |  | 32.7 | % |  | 35.0 | % |  | 35.0 | %
Permanent differences |  | 1.6 |  |  | 0.7 |  |  | 0.4 |
State income taxes, net of federal income tax benefit |  | 0.4 |  |  | 0.4 |  |  | (1.5 | )
Benefit of Section 199 of the Code, manufacturing deduction |  | (2.2 | ) |  | (2.3 | ) |  | (2.7 | )
Valuation allowance |  | — |  |  | — |  |  | (1.2 | )
Stock compensation |  | (0.5 | ) |  | (1.8 | ) |  | — |
Tax credits |  | (7.7 | ) |  | (3.1 | ) |  | (3.2 | )
Foreign tax rate differential |  | (0.4 | ) |  | (0.8 | ) |  | (0.4 | )
Deferred tax remeasurements |  | (78.9 | ) |  | — |  |  | — |
Transition tax |  | 8.6 |  |  | — |  |  | — |
Other |  | 0.2 |  |  | 0.1 |  |  | (0.2 | )
Effective income tax rate |  | (46.2 | )% |  | 28.2 | % |  | 26.2 | %

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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