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Segments | 6 Months Ended
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Aug. 31, 2019
Segment Reporting [Abstract] |
Segments | Segments Segment Information Net sales and operating income (loss) by segment for each period were as follows (in thousands):
|  | Three Months Ended August 31, |  | Six Months Ended August 31,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Net sales: |  |  |  |  |  |  |  |
Energy |  | $ | 111,347 |  |  | $ | 106,515 |  |  | $ | 278,316 |  |  | $ | 253,501 |
Metal Coatings |  | 124,843 |  |  | 116,272 |  |  | 246,997 |  |  | 231,522 |
Total net sales |  | $ | 236,190 |  |  | $ | 222,787 |  |  | $ | 525,313 |  |  | $ | 485,023 |
Operating income (loss): |  |  |  |  |  |  |  |
Energy |  | $ | 4,239 |  |  | $ | 4,273 |  |  | $ | 16,810 |  |  | $ | 14,231 |
Metal Coatings |  | 28,673 |  |  | 22,076 |  |  | 58,065 |  |  | 47,260 |
Corporate |  | (10,705 | ) |  | (9,244 | ) |  | (21,694 | ) |  | (20,690 | )
Total operating income |  | $ | 22,207 |  |  | $ | 17,105 |  |  | $ | 53,181 |  |  | $ | 40,801 |
Asset balances by segment for each period were as follows (in thousands):
|  | August 31, 2019 |  | February 28, 2019
Total assets: |  |  |  |
Energy |  | $ | 612,018 |  |  | $ | 630,134 |
Metal Coatings |  | 489,305 |  |  | 440,090 |
Corporate |  | 18,794 |  |  | 18,346 |
Total |  | $ | 1,120,117 |  |  | $ | 1,088,570 |
For the three and six months ended August 31, 2018, the Company recognized impairment charges of $0.8 million, which were classified within cost of sales in the consolidated statement of income and were related to property, plant and equipment in the Metal Coatings segment that was vacated or abandoned upon the consolidation of two galvanizing facilities in the Gulf Coast region of the United States. As part of the consolidation of facilities, the Company also recognized $0.5 million in employee severance and other disposal costs for the three and six months ended August 31, 2018, which were also classified within cost of sales in the consolidated statement of income. No such charges were recorded during the three and six months ended August 31, 2019. Financial Information About Geographical Areas The following table presents revenues by geographic region for each period (in thousands):
|  | Three Months Ended August 31, |  | Six Months Ended August 31,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Net sales: |  |  |  |  |  |  |  |
United States |  | $ | 210,668 |  |  | $ | 188,278 |  |  | $ | 441,005 |  |  | $ | 401,834 |
International |  | 25,522 |  |  | 34,509 |  |  | 84,308 |  |  | 83,189 |
Total |  | $ | 236,190 |  |  | $ | 222,787 |  |  | $ | 525,313 |  |  | $ | 485,023 |
The following table presents fixed assets by geographic region for each period (in thousands):
|  | August 31, 2019 |  | February 28, 2019
Property, plant and equipment, net: |  |  |  |  |  |
United States |  | $ | 192,537 |  |  | $ | 189,281 |
Canada |  | 17,181 |  |  | 16,961 |
Other countries |  | 4,380 |  |  | 3,985 |
Total |  | $ | 214,098 |  |  | $ | 210,227 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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