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Discontinued Operations
 12 Months Ended
Feb. 29, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Note 6 - Discontinued Operations
In December 2017, we completed the divestiture of the Nutritional Supplements segment through the sale of Healthy Directions LLC and its subsidiaries ("Healthy Directions") to Direct Digital, LLC. The purchase price from the sale was 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. During fiscal 2019, the final amount of the supplemental payment was adjusted to $10.8 million based on a settlement with respect to the calculation of the performance of Healthy Directions through February 28, 2018. The adjustment resulted in a corresponding pre-tax charge of $5.8 million ($4.4 million after tax) to discontinued operations. The supplemental payment of $10.8 million was received during the second quarter of fiscal 2020. Also, during fiscal 2019, we recorded an additional charge of $1.5 million ($1.3 million after tax) to discontinued operations, resulting from the resolution of certain contingencies. In conjunction with the sale of the business, we provided certain transition services that ceased during the second quarter of fiscal 2020.

There were no balance sheet amounts related to discontinued operations at either balance sheet date presented. The results of operations associated with discontinued operations for fiscal 2020, 2019 and 2018 are presented in the following table:
(in thousands)
 
February 29, 2020
 
February 28, 2019
 
February 28, 2018 (1)
Sales revenue, net
 
$
—

 
$
—

 
$
99,013

Cost of goods sold
 
—

 
—

 
28,744

Gross profit
 
—

 
—

 
70,269

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

 
—

 
72,419

Asset impairment charges (2)
 
—

 
—

 
132,297

Restructuring charges
 
—

 
—

 
621

Operating loss
 
—

 
—

 
(135,068
)
 
 
 
 
 
 
 
Gain (loss) on sale before income tax
 
—

 
(7,257
)
 
1,624

Interest expense
 
—

 
—

 
(367
)
Loss before income tax
 
—

 
(7,257
)
 
(133,811
)
Income tax benefit
 
—

 
1,578

 
49,375

Loss from discontinued operations
 
$
—

 
$
(5,679
)
 
$
(84,436
)

(1)
Fiscal 2018 included approximately 9.6 months of operating results prior to the divestiture on December 20, 2017.
(2)
Impairment charges included goodwill impairment charges of $96.6 million and trademark impairment charges of $35.7 million during fiscal 2018. Total after tax asset impairment charges were $83.5 million for fiscal 2018.