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v3.20.4

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Nov. 30, 2020 | Nov. 30, 2019 | Nov. 30, 2020 | Nov. 30, 2019
Income Statement [Abstract] |  |  |  |
Sales | $ 226,623 | $ 291,139 | $ 643,287 | $ 816,452
Costs and Expenses |  |  |  |
Cost of sales | 171,948 | 223,808 | 500,311 | 630,328
Gross margin | 54,675 | 67,331 | 142,976 | 186,124
Selling, general and administrative | 25,228 | 33,903 | 79,867 | 99,515
Restructuring and impairment charges | 1,576 | 0 | 20,269 | 0
Operating income | 27,871 | 33,428 | 42,840 | 86,609
Interest expense | 2,272 | 3,301 | 7,376 | 10,433
Other (income) expense, net | (724) | (743) | 823 | 367
Income before income taxes | 26,323 | 30,870 | 34,641 | 75,809
Income tax expense | 6,620 | 8,835 | 11,187 | 16,932
Net income | $ 19,703 | $ 22,035 | $ 23,454 | $ 58,877
Earnings Per Common Share |  |  |  |
Basic earnings per share (usd per share) | $ 0.76 | $ 0.84 | $ 0.90 | $ 2.25
Diluted earnings per share (usd per share) | 0.76 | 0.84 | 0.90 | 2.24
Cash dividends declared per common share (usd per share) | $ 0.17 | $ 0.17 | $ 0.51 | $ 0.51

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