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Operating segments (Notes) | 12 Months Ended
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Feb. 29, 2020
Segment Reporting [Abstract] |
Operating segments | Operating Segments Segment Information The Company’s Chief Executive Officer, who is the chief operating decision maker (“CODM”), reviews financial information presented on an operating segment basis for purposes of making operating decisions and assessing financial performance. Net sales and operating income (loss) are the primary measures used by the CODM to evaluate segment operating performance and to allocate resources to segments. Expenses related to certain centralized administration or executive functions that are not specifically related to an operating segment are included in Corporate. A summary of each of the Company's reportable segments is as follows: Metal Coatings - provides hot dip galvanizing, powder coating, anodizing and plating, and other metal coating applications to the steel fabrication and other industries through facilities located throughout the United States and Canada Energy - provides specialized products and services designed to support industrial and electrical applications. This segment's product offerings include custom switchgear, electrical enclosures, medium and high voltage bus ducts, explosion proof and hazardous duty lighting and tubular products. In addition, this segment focuses on extension of life cycle for the power generation, refining and industrial infrastructure, through automated weld overlay solutions for corrosion and erosion mitigation. The following tables show information by reportable segment for fiscal year 2020, 2019 and 2018 (in thousands):
|  | 2020 |  | 2019 |  | 2018
Net sales: |  |
Metal Coatings |  | $ | 498,989 |  |  | $ | 440,264 |  |  | $ | 389,397 |
Energy |  | 562,828 |  |  | 486,823 |  |  | 421,033 |
Total net sales |  | $ | 1,061,817 |  |  | $ | 927,087 |  |  | $ | 810,430 |
Operating income (loss): |  |  |  |  |  |
Metal Coatings |  | $ | 107,926 |  |  | $ | 83,591 |  |  | $ | 84,332 |
Energy |  | 32,845 |  |  | 31,332 |  |  | (1,766 | )
Corporate |  | (42,796 | ) |  | (37,967 | ) |  | (34,318 | )
Loss on disposal of business |  | (18,632 | ) |  | — |  |  | — |
Total operating income |  | $ | 79,343 |  |  | $ | 76,956 |  |  | $ | 48,248 |
|  | 2020 |  | 2019 |  | 2018
Depreciation and amortization: |  |  |  |  |  |
Metal Coatings |  | $ | 30,042 |  |  | $ | 29,124 |  |  | $ | 28,617 |
Energy |  | 18,414 |  |  | 19,405 |  |  | 19,996 |
Corporate |  | 1,738 |  |  | 1,716 |  |  | 1,913 |
Total |  | $ | 50,194 |  |  | $ | 50,245 |  |  | $ | 50,526 |
|  | 2020 |  | 2019 |  | 2018
Expenditures for acquisitions, net of cash, and property, plant and equipment: |  |  |  |  |  |
Metal Coatings |  | $ | 82,972 |  |  | $ | 16,046 |  |  | $ | 39,474 |
Energy |  | 9,588 |  |  | 14,608 |  |  | 32,903 |
Corporate |  | 3,112 |  |  | 2,962 |  |  | 2,020 |
Total |  | $ | 95,672 |  |  | $ | 33,616 |  |  | $ | 74,397 |
Asset information by segment was as follows as of February 29, 2020 and February 28, 2019 (in thousands):
|  | 2020 |  | 2019
Assets: |  |  |  |
Metal Coatings |  | $ | 504,632 |  |  | $ | 440,090 |
Energy |  | 548,032 |  |  | 630,134 |
Corporate |  | 21,167 |  |  | 18,346 |
Total assets |  | $ | 1,073,831 |  |  | $ | 1,088,570 |
Financial Information About Geographical Areas Financial information about geographical areas for the periods presented was as follows for fiscal year 2020, 2019 and 2018 (in thousands):
|  | 2020 |  | 2019 |  | 2018
Geographic net sales: |  |  |  |  |  |
United States |  | $ | 850,656 |  |  | $ | 785,194 |  |  | $ | 653,150 |
Other countries |  | 211,161 |  |  | 141,893 |  |  | 157,280 |
Total |  | $ | 1,061,817 |  |  | $ | 927,087 |  |  | $ | 810,430 |
|  | 2020 |  | 2019
Property, plant and equipment, net: |  |  |  |
United States |  | $ | 190,365 |  |  | $ | 189,281 |
Canada |  | 16,385 |  |  | 16,961 |
Other Countries |  | 6,354 |  |  | 3,985 |
Total |  | $ | 213,104 |  |  | $ | 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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