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Acquisitions (Tables) | 12 Months Ended
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Feb. 29, 2020
Business Combinations [Abstract] |
Schedule of assets acquired and liabilities assumed | The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed, in aggregate, related to these acquisitions as of the date of each respective acquisition (in thousands):
Assets |  |
Accounts receivable |  | $ | 4,591 |
Inventories |  | 1,830 |
Prepaid expenses and other |  | 22 |
Property, plant and equipment |  | 5,336 |
Intangibles |  | 15,512 |
Goodwill |  | 39,419 |
Liabilities |  |
Accounts payable and other accrued liabilities |  | (1,575 | )
Contingent consideration |  | (2,000 | )
Deferred income taxes |  | (2,507 | )
Total purchase price |  | $ | 60,628 |
Schedule of components of identifiable intangible assets acquired | The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of each respective acquisition (in thousands):
|  | Fair Value |  | Useful Life
Customer relationships |  | 15,360 |  |  | 15 years
Non-compete agreements |  | 152 |  |  | 3 years
Total intangible assets |  | $ | 15,512 |  |  |
Schedule of proforma information | The unaudited pro forma financial information was as follows (in thousands):
|  | 2020 |  | 2019
Revenues |  | $ | 1,072,633 |  |  | $ | 966,007 |
Net income |  | 49,702 |  |  | 57,693 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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