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Discontinued Operations | 9 Months Ended
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Nov. 30, 2017
Discontinued Operations And Disposal Groups [Abstract] |
Discontinued Operations | 5. Discontinued Operations On May 25, 2016 the Company sold its Apparel Segment to Gildan Activewear Inc. for an all-cash purchase price of $110.0 million, subject to a working capital adjustment, customary indemnification arrangements, and the other terms of the Unit Purchase Agreement dated May 4, 2016. The operating results of these discontinued operations only reflect revenues and expenses that are directly attributable to the Apparel Segment and that have been eliminated from continuing operations. The following tables show the key components on the sale and discontinued operations related to the Apparel Segment that was completed on May 25, 2016 (in thousands):
Sales price |  | $ | 110,000 |
Carrying value of disposed |  |  | (130,174 | )
Expenses related to sales (1) |  |  | (4,365 | )
Loss on sale before write-off of foreign currency translation adjustment |  |  | (24,539 | )
Write-off of foreign currency translation adjustments |  |  |  |
recorded in other comprehensive income |  |  | (16,109 | )
Loss on sale of sale of discontinued operations |  | $ | (40,648 | )
(1) | Includes the termination fee, in the amount of $3.0 million, paid as a result of the termination of a prior purchase agreement for the sale of the Apparel Segment to Alstyle Operations, LLC.
|  | Nine months ended |
|  | November 30, 2016 |
Net sales |  | $ | 41,038 |
Income from discontinued operations before income taxes |  |  | 3,873 |
Loss on sale of discontinued operations before income taxes |  |  | (40,648 | )
Loss on discontinued operations before income taxes |  |  | (36,775 | )
Income tax benefit |  |  | (13,214 | )
Net loss from discontinued operations |  | $ | (23,561 | )

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- Definition The entire disclosure 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 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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