Acquisitions (Tables)

12 Months Ended

Feb. 28, 2019

Acquisitions [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following table presents a reconciliation of the major financial lines constituting the results of operations for discontinued operations to the net income from discontinued operations, net of tax, presented separately in the Consolidated Statements of Operations and Comprehensive (Loss) Income:

	Year ended February 28, 2018			Year ended February 28, 2017
Net sales	$	91,824		$	166,512
Cost of sales	63,610			109,027
Gross profit	28,214			57,485
Operating expenses:
Selling	2,778			5,097
General and administrative	14,699			28,309
Engineering and technical support	7,920			16,083
Total operating expenses	25,397			49,489
Operating income from discontinued operations	2,817			7,996
Other (expense) income:
Interest and bank charges (a)	(279		)	(383		)
Other, net	145			(126		)
Total other expense of discontinued operations, net	(134		)	(509		)
Gain on sale of discontinued operations before taxes	36,118			—
Total income from discontinued operations before taxes	38,801			7,487
Income tax expense on discontinued operations (b)	4,183			1,421
Income from discontinued operations, net of taxes	$	34,618		$	6,066
Income per share - basic	$	1.43		$	0.25
Income per share - diluted	$	1.41		$	0.25

(a) Includes an allocation of consolidated interest expense and interest expense directly related to debt assumed by the buyer. The allocation of consolidated interest expense was based upon the ratio of net assets of the discontinued operations to that of the Consolidated Company.

(b) The income tax expense on discontinued operations for the year ended February 28, 2018 was positively impacted by an income tax benefit related to the partial reversal of the Company’s valuation allowance as the Company utilized a significant portion of its tax attributes to offset the U.S. tax gain related to the sale of Hirschmann.

The following table presents supplemental cash flow information of the discontinued operations:

	Year ended February 28, 2018		Year ended February 28, 2017
Operating activities:
Depreciation and amortization expense	$	2,939	$	5,908
Stock-based compensation expense	50		84
Investing activities:
Capital expenditures	2,652		5,122
Non-cash investing and financing activities:
Capital expenditures funded by long-term obligations	1,916		—

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following summarizes the allocation of the purchase price for the fair value of the assets acquired and liabilities assumed at the date of acquisition:

	April 18, 2017 (as originally reported)		Measurement Period Adjustments			April 18, 2017 (as adjusted)
Assets acquired:
Inventory	$	2,314	(870		)	1,444
Goodwill	10		870			880
Intangible assets including trademarks and customer relationships	520		—			520
Total assets acquired	$	2,844	$	—		$	2,844
Liabilities assumed:
Warranty accrual	500		—			500
Total	$	500	$	—		$	500
Total purchase price	$	2,344	$	—		$	2,344