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Discontinued Operations (Tables) | 12 Months Ended
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Feb. 28, 2018
Discontinued Operations |
Summary of balance sheet and results of operations associated with discontinued operations |
|  | February 28, |  |  | February 28,
(in thousands) |  | 2018 |  |  | 2017
Assets |  |  |  |  |
Receivables | $ | - |  | $ | 512
Inventory |  | - |  |  | 8,245
Prepaid expenses and other current assets |  | - |  |  | 2,031
Property and equipment, net |  | - |  |  | 8,433
Goodwill |  | - |  |  | 96,609
Other intangible assets, net |  | - |  |  | 83,485
Other assets, net |  | - |  |  | 599
Assets of discontinued operations | $ | - |  | $ | 199,914
Liabilities |  |  |  |  |
Accounts payable, principally trade |  | - |  |  | 6,111
Accrued expenses and other current liabilities(1) |  | - |  |  | 5,862
Other liabilities, noncurrent |  | - |  |  | 4,319
Liabilities of discontinued operations | $ | - |  | $ | 16,292
The results of operations associated with discontinued operations are presented in the following table:
|  | Fiscal Years Ended the Last Day of February,
(in thousands) |  | 2018 (2) |  | 2017 |  | 2016
Sales revenue, net | $ | 99,013 | $ | 130,543 | $ | 153,126
Cost of goods sold |  | 28,744 |  | 37,632 |  | 42,855
Gross profit |  | 70,269 |  | 92,911 |  | 110,271
Selling, general and administrative expense ("SG&A") |  | 72,419 |  | 88,742 |  | 95,950
Asset impairment charges (3) |  | 132,297 |  | 9,500 |  | -
Restructuring charges |  | 621 |  | - |  | -
Operating income (loss) |  | (135,068) |  | (5,331) |  | 14,321
Gain on sale before income tax |  | 1,624 |  | - |  | -
Interest expense |  | (367) |  | (497) |  | (515)
Income (loss) before income tax |  | (133,811) |  | (5,828) |  | 13,806
Income tax benefit (expense) |  | 49,375 |  | 2,207 |  | (5,569)
Income (loss) from discontinued operations | $ | (84,436) | $ | (3,621) | $ | 8,237
| (1) |  | Includes cash overdrafts.
| (2) |  | Includes approximately 9.6 months of operating results prior to the divestiture on December 20, 2017.
Includes goodwill impairment charges of $96.6 million and trademark impairment charges of $35.7 million during fiscal 2018 and trademark impairment charges of $9.5 million during fiscal 2017. Total after tax asset impairment charges were $83.5 million for fiscal 2018 and $5.9 million for fiscal 2017.

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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