Segments

6 Months Ended

Aug. 31, 2014

Segment Reporting [Abstract]

Segments

Segments

We have two operating segments, Energy and Galvanizing Services, 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 August 31,						Six Months Ended August 31,
	2014			2013			2014		2013
	(Unaudited) (In thousands)
Net Sales:
Energy	$	100,560		$	104,134		$	231,081	$	200,600
Galvanizing Services	92,856			85,648			178,461		172,357
Total Net Sales	193,416			189,782			409,542		372,957
Operating Income (Loss) (a):
Energy	(1,119		)	10,733			12,693		23,781
Galvanizing Services	23,013			26,245			45,003		47,743
Total Segment Operating Income	21,894			36,978			57,696		71,524
General Corporate Expense (b)	(1,068		)	7,187			6,825		17,658
Interest Expense	4,224			4,651			8,432		9,129
Other (Income) Expense, Net (c)	26			(677		)	30		(4,482		)
Total Corporate Expenses	3,182			11,161			15,287		22,305
Income Before Income Taxes	$	18,712		$	25,817		$	42,409	$	49,219
Total Assets:
Energy	$	530,535		$	560,156		$	530,535	$	560,156
Galvanizing Services	387,393			379,828			387,393		379,828
Corporate	51,860			43,832			51,860		43,832
	$	969,788		$	983,816		$	969,788	$	983,816

(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.