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Income Taxes (Tables) | 6 Months Ended
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Aug. 31, 2023
Income Tax Disclosure [Abstract] |
Disposal Groups, Including Discontinued Operations | The results of operations from discontinued operations for the three and six months ended August 31, 2022, have been reflected as discontinued operations in the consolidated statements of operations and consist of the following (in thousands):
|  | Three Months Ended |  |  |  | Six Months Ended
|  |  | August 31, 2022 |  |  |  | August 31, 2022
Sales |  |  | $ | 106,660 |  |  |  |  | $ | 213,924 |
Cost of sales |  |  | 84,826 |  |  |  |  | 167,686 |
Gross margin |  |  | 21,834 |  |  |  |  | 46,238 |
Selling, general and administrative |  |  | 9,710 |  |  |  |  | 22,114 |
Loss on disposal of discontinued operations |  |  | 114,900 |  |  |  |  | 114,900 |
Operating loss from discontinued operations |  |  | (102,776) |  |  |  |  | (90,776) |
Interest expense |  |  | 5 |  |  |  |  | 6 |
Other (income) expense, net |  |  | 3,443 |  |  |  |  | 4,268 |
Loss from discontinued operations before income tax |  |  | (106,224) |  |  |  |  | (95,050) |
Income tax benefit |  |  | (23,534) |  |  |  |  | (21,072) |
Net loss from discontinued operations |  |  | $ | (82,690) |  |  |  |  | $ | (73,978) |
Loss per common share from discontinued operations: |  |  |  |  |  |  |
Basic loss per share |  |  | $ | (3.33) |  |  |  |  | $ | (2.99) |
Diluted loss per share |  |  | $ | (2.85) |  |  |  |  | $ | (2.70) |
The depreciation, amortization, capital expenditures, and significant operating and investing non-cash items of the discontinued operations consist of the following (in thousands):
| Six Months Ended August 31, 2022
Depreciation and amortization | $ | 6,248 |
Purchase of property, plant and equipment | 2,878 |
Loss on discontinued operations | (114,900) |
The following table outlines income or loss and the related tax expense (benefit) from discontinued operations for the three and six months ended August 31, 2022 (in thousands):
|  |  | Three Months Ended |  |  |  | Six Months Ended
|  |  | August 31, 2022 |  |  |  | August 31, 2022
Income from discontinued operations before income taxes |  |  | $ | 8,676 |  |  |  |  | $ | 19,850 |
Income tax (expense) benefit |  |  | (1,939) |  |  |  |  | (4,401) |
Income from discontinued operations, net of tax |  |  | $ | 6,737 |  |  |  |  | $ | 15,449 |
Loss on disposal of discontinued operations |  |  | $ | (114,900) |  |  |  |  | $ | (114,900) |
Income tax benefit |  |  | 25,473 |  |  |  |  | 25,473 |
Loss on disposal of discontinued operations, net of tax |  |  | $ | (89,427) |  |  |  |  | $ | (89,427) |

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