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v3.23.1

Operating segments (Tables) | 12 Months Ended
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Feb. 28, 2023
Segment Reporting [Abstract] |
Operations and assets by segment | The following tables show information by reportable segment for fiscal years 2023, 2022 and 2021 (in thousands):
|  | Year Ended February 28,
|  | 2023 |  | 2022 |  | 2021
Sales: |  |
Metal Coatings |  | $ | 636,982 |  |  | $ | 525,598 |  |  | $ | 461,693 |
Precoat Metals |  | 686,667 |  |  | — |  |  | — |
Infrastructure Solutions |  | — |  |  | — |  |  | 18,881 |
Total sales |  | $ | 1,323,649 |  |  | $ | 525,598 |  |  | $ | 480,574 |
Operating income (loss): |  |  |  |  |  |
Metal Coatings |  | $ | 155,953 |  |  | $ | 128,758 |  |  | $ | 92,778 |
Precoat Metals |  | 79,509 |  |  | — |  |  | — |
Infrastructure Solutions |  | — |  |  | — |  |  | (4,482) |
Corporate |  | (61,824) |  |  | (49,539) |  |  | (40,819) |
Total operating income |  | $ | 173,638 |  |  | $ | 79,219 |  |  | $ | 47,477 |
|  | Year Ended February 28,
|  | 2023 |  | 2022 |  | 2021
Depreciation and amortization: |  |  |  |  |  |
Metal Coatings |  | $ | 32,955 |  |  | $ | 30,453 |  |  | $ | 30,273 |
Precoat Metals |  | 40,199 |  |  | — |  |  | — |
Infrastructure Solutions |  | — |  |  | — |  |  | 127 |
Corporate |  | 1,436 |  |  | 1,628 |  |  | 1,694 |
Total |  | $ | 74,590 |  |  | $ | 32,081 |  |  | $ | 32,094 |
|  | Year Ended February 28,
|  | 2023 |  | 2022 |  | 2021
Expenditures for acquisitions, net of cash, and property, plant and equipment: |  |  |  |  |  |
Metal Coatings |  | $ | 23,639 |  |  | $ | 82,736 |  |  | $ | 29,024 |
Precoat Metals |  | 1,315,414 |  |  | — |  |  | — |
Corporate |  | 797 |  |  | 2,073 |  |  | 2,574 |
Total |  | $ | 1,339,850 |  |  | $ | 84,809 |  |  | $ | 31,598 |
Reconciliation of Assets from Segment to Consolidated | Asset information by segment was as follows as of February 28, 2023 and February 28, 2022 (in thousands):
|  | February 28,
|  | 2023 |  | 2022
Assets: |  |  |  |
Metal Coatings |  | $ | 588,337 |  |  | $ | 578,885 |
Precoat Metals |  | 1,488,810 |  |  | — |
Infrastructure Solutions - Investment in Joint Venture |  | 84,760 |  |  | — |
Corporate |  | 59,572 |  |  | 46,266 |
Discontinued Operations: |  |  |  |
Infrastructure Solutions |  | — |  |  | 507,876 |
Total assets |  | $ | 2,221,479 |  |  | $ | 1,133,027 |
Revenue from External Customers by Geographic Areas | Financial information about geographical areas for the periods presented was as follows for fiscal years 2023, 2022 and 2021 (in thousands):
|  | Year Ended February 28,
|  | 2023 |  | 2022 |  | 2021
Sales: |  |  |  |  |  |
United States |  | $ | 1,279,890 |  |  | $ | 494,012 |  |  | $ | 450,904 |
Canada |  | 43,759 |  |  | 31,586 |  |  | 29,670 |
Total |  | $ | 1,323,649 |  |  | $ | 525,598 |  |  | $ | 480,574 |
Long-lived Assets by Geographic Areas |
|  | February 28,
|  | 2023 |  | 2022
Property, plant and equipment, net: |  |  |  |
United States |  | $ | 478,722 |  |  | $ | 167,634 |
Canada |  | 19,781 |  |  | 25,724 |
Total |  | $ | 498,503 |  |  | $ | 193,358 |

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- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph b -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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