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Discontinued Operations (Tables)
6 Months Ended
Aug. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Summary of results of operations associated with discontinued operations
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.