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Goodwill and Intangible Assets | 9 Months Ended
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Nov. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill is evaluated for impairment on at least an annual basis, or more frequently if indicators of impairment exist. The impairment tests are based on Level 3 fair value inputs. Fair value is an exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Hierarchy Levels 1, 2, or 3 are terms for the priority of inputs to valuation techniques used to measure fair value. Hierarchy Level 1 inputs are quoted prices in active markets for identical assets or liabilities. Hierarchy Level 2 inputs are inputs, other than quoted prices included with level 1, that are directly or indirectly observable for the asset or liability. Hierarchy Level 3 are inputs that are not observable in the market. During the nine months ended November 30, 2020, the Company continued to execute its strategy to divest of non-core businesses, which began in the last quarter of 2020 with the planned exit of most of our business serving customers in the nuclear power businesses. The Company closed certain transactions in the second quarter of 2021 and the Company classified other businesses as held-for-sale in the accompanying consolidated balance sheet. In connection with the divestitures, the Company allocated goodwill to the businesses disposed of or held for sale based on the relative fair value of those businesses compared with the fair value of the reporting unit where goodwill was recorded. The determination of the amount of goodwill to allocate to the disposal group as opposed to the ongoing operations required significant management judgment regarding future cash flows, discount rates and other market relevant data. In addition, the Company performed goodwill impairment tests for those reporting units following the allocation of goodwill to the divested or held for sale businesses during the second quarter of fiscal 2021. No goodwill impairment charges have been recorded during fiscal 2021. The changes in the carrying amounts of goodwill by reportable segment for the nine months ended November 30, 2020 are as follows:
| Metal Coatings |  | Infrastructure Solutions |  | Total
Balance as of February 29, 2020 | $ | 157,048 |  |  | $ | 199,177 |  |  | $ | 356,225 |
Allocated to Galvabar | (1,132) |  |  | — |  |  | (1,132) |
Allocated to Southern Mechanical Services | — |  |  | (2,262) |  |  | (2,262) |
Allocated to disposal group | — |  |  | (1,693) |  |  | (1,693) |
Foreign currency translation adjustment | 692 |  |  | — |  |  | 692 |
Balance as of November 30, 2020 | $ | 156,608 |  |  | $ | 195,222 |  |  | $ | 351,830 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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