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Discontinued Operations
 6 Months Ended
Aug. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations

On December 20, 2017, we completed the divestiture of the Nutritional Supplements segment through the sale of Healthy Directions LLC and its subsidiaries to Direct Digital, LLC. The purchase price from the sale is comprised of $46.0 million in cash, which was paid at closing, and a supplemental payment with a target value of $25.0 million, payable on or before August 1, 2019.  The final amount of the supplemental payment may be adjusted up or down based on the performance of Healthy Directions through February 28, 2018.  In conjunction with the sale of the business, we have agreed to provide certain transition services for up to an eighteen-month period following the closing of the transaction. 

There were no balance sheet amounts related to discontinued operations for either period presented. The results of operations associated with discontinued operations are presented in the following tables:
 
Three Months Ended August 31,
 
Six Months Ended August 31,
(in thousands)
2018
 
2017
 
2018
 
2017
Sales revenue, net
$
—

 
$
31,257

 
$
—

 
$
62,876

Cost of goods sold
—

 
9,056

 
—

 
18,292

Gross profit
—


22,201

 
—

 
44,584

 
 
 
 
 
 
 
 
Selling, general and administrative expense ("SG&A")
—

 
23,730

 
—

 
47,930

Asset impairment charges (1)
—

 
18,070

 
—

 
50,070

Operating loss
—


(19,599
)
 
—

 
(53,416
)
 
 
 
 
 
 
 
 
Gain (loss) on sale before income tax (2)
—

 
—

 
(484
)
 
—

Interest expense
—

 
(115
)
 
—

 
(229
)
Loss before income tax
—

 
(19,714
)
 
(484
)
 
(53,645
)
 
 
 
 
 
 
 
 
Income tax benefit (expense)
—

 
(5,925
)
 
103

 
6,566

Loss from discontinued operations
$
—


$
(25,639
)
 
$
(381
)
 
$
(47,079
)
 
 
 
 
 
 
 
 

(1)
Includes pre-tax non-cash asset impairment charges consisting of $26.0 million to goodwill and $6.0 million to indefinite-lived brand assets.

(2)
Includes adjustments recorded in the first quarter of fiscal 2019 to the initial estimated gain on sale before income tax recorded in the fourth quarter of fiscal 2018.