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Subsequent Events | 12 Months Ended
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Feb. 29, 2020
Subsequent Events [Abstract] |
Subsequent Events | (21) Subsequent Events In December 2019, a novel strain of coronavirus (COVID-19) was reported in Wuhan, China, and by early 2020, the virus had spread to other countries, including the United States. This pandemic has significantly impacted health and economic conditions throughout the United States and the world, including the markets in which the Company operates. In response to COVID-19, federal, state and local authorities have recommended social distancing and have imposed, or are considering, quarantine and isolation measures on large portions of the population, including mandatory closures of businesses deemed “non-essential” in certain jurisdictions. The Company’s plants are deemed “essential,” largely due to the Company’s involvement in many important sectors of the economy, including healthcare, government, food and beverage and banking, and thus most of the Company’s plants are currently operating at close-to-normal utilization levels. With respect to plants that are underutilized, the Company has made reductions in staffing levels as deemed appropriate, and the Company may take further actions in the future. The Company has developed and continues to hone contingency plans covering multiple scenarios with respect to COVID-19, but the ultimate impact of the pandemic on the Company’s business, results of operations and financial condition will depend on future developments that are highly uncertain and which cannot be predicted. As stabilization is starting to take place, states and local governments have recently begun to institute their phased reopening plans to restart their state and local economies. Whether this will be long lasting or lead to another round of closures is not known. As of the date of his report, no other financial statement impact has been recorded, including any impairment of goodwill or long-lived assets.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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