Segments

3 Months Ended

May 31, 2014

Segment Reporting [Abstract]

Segments

Segments

We have two operating segments as defined in our Annual Report on Form 10-K for the year ended February 28, 2014. Information regarding operations and assets by segment is as follows:

		Three Months Ended May 31,
		2014		2013
	(Unaudited) (In thousands)
Net Sales:
Energy		$	130,521	$	96,466
Galvanizing Services		85,605		86,709
Total Net Sales		216,126		183,175
Operating Income (a):
Energy		13,812		13,048
Galvanizing Services		21,990		21,499
Total Segment Operating Income		35,802		34,547
General Corporate Expense (b)		7,893		10,471
Interest Expense		4,209		4,478
Other (Income) Expense, Net (c)		3		(3,804		)
Total Corporate Expenses		12,105		11,145
Income Before Income Taxes		$	23,697	$	23,402
Total Assets:
Energy		$	559,341	$	557,135
Galvanizing Services		383,612		378,102
Corporate		40,586		46,959
		$	983,539	$	982,196

(a) Segment operating income consists of net sales, less cost of sales, specifically identifiable selling, general and administrative expenses, and other income and expense items that are specifically identifiable to a segment.

(b) General Corporate Expense consists of selling, general and administrative expenses that are not specifically identifiable to a segment.

(c) Other expense, net includes gains or losses on sale of property, plant and equipment and other (income) expenses not specifically identifiable to a segment.