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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Feb. 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in goodwill by segment for fiscal years 2023 and 2022 were as follows (in thousands):
2023
Segment |  | Beginning Balance |  | Acquisitions |  | Divestiture |  | Other |  | Currency Translation Adjustment |  | Ending Balance
Metal Coatings(1) |  | $ | 190,391 |  |  | $ | — |  |  | $ | — |  |  | $ | (10,783) |  |  | $ | (1,912) |  |  | $ | 177,696 |
Precoat Metals |  | — |  |  | 524,816 |  |  | — |  |  | — |  |  | — |  |  | 524,816 |
Total |  | $ | 190,391 |  |  | $ | 524,816 |  |  | $ | — |  |  | $ | (10,783) |  |  | $ | (1,912) |  |  | $ | 702,512 |
(1) The decrease in Other for fiscal year 2023 represents purchase price adjustments during the measurement period for the DAAM acquisition, which occurred in fiscal year 2022.
2022
Segment |  | Beginning Balance |  | Acquisitions |  | Divestiture |  | Other |  | Currency Translation Adjustment |  | Ending Balance
Metal Coatings |  | $ | 158,659 |  |  | $ | 32,389 |  |  | $ | — |  |  | $ | (477) |  |  | $ | (180) |  |  | $ | 190,391 |
Schedule of Finite-Lived Intangible Assets by Major Class | Amortizable intangible assets consisted of the following as of February 28, 2023 and February 28, 2022 (in thousands):
|  | Weighted-Average Life (Years) |  | 2023 |  | 2022
Customer related intangibles |  | 22 |  | $ | 475,457 |  |  | $ | 89,029 |
Non-compete agreements |  | 15 |  | 6,795 |  |  | 6,799 |
Trademarks / Tradenames |  | 33 |  | 35,774 |  |  | 3,773 |
Technology |  | 15 |  | 36,000 |  |  | — |
Gross intangible assets |  |  |  | 554,026 |  |  | 99,601 |
Less accumulated amortization |  |  |  | (86,139) |  |  | (64,282) |
Total amortizable intangible assets, net |  |  |  | $ | 467,887 |  |  | $ | 35,319 |
Finite-lived Intangible Assets Amortization Expense | The following table outlines the classification of amortization expense from continuing operations in the statements of income for fiscal 2023, 2022, and 2021 (in thousands):
|  | Year Ended February 28,
|  | 2023 |  | 2022 |  | 2021
Cost of sales |  | $ | 7,124 |  |  | $ | 6,658 |  |  | $ | 6,781 |
Selling, general and administrative |  | 15,489 |  |  | — |  |  | — |
Total amortization expense |  | $ | 22,613 |  |  | $ | 6,658 |  |  | $ | 6,781 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The following summarizes the estimated amortization expense for the next five fiscal years and beyond (in thousands):
2024 |  | $ | 23,346 |
2025 |  | 22,847 |
2026 |  | 22,817 |
2027 |  | 22,726 |
2028 |  | 21,637 |
Thereafter |  | 354,514 |
Total |  | $ | 467,887 |

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