XML 36 R13.htm IDEA: XBRL DOCUMENT v3.3.0.814
Segments
6 Months Ended
Aug. 31, 2015
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, 2015. Information regarding operations and assets by segment is as follows:
 
 
 
Three Months Ended August 31,
 
Six Months Ended August 31,
 
 
2015
 
2014
 
2015
 
2014
 
 
(Unaudited)
(In thousands)
Net Sales:
 
 
 
 
 
 
 
 
Energy
 
$
110,777

 
$
100,560

 
$
247,780

 
$
231,081

Galvanizing Services
 
103,469

 
92,856

 
195,354

 
178,461

Total net sales
 
214,246

 
193,416

 
443,134

 
409,542

 
 
 
 
 
 
 
 
 
Operating Income (loss):
 
 
 
 
 
 
 
 
Energy
 
9,005

 
(1,241
)
 
26,961

 
12,416

Galvanizing Services
 
25,331

 
23,059

 
47,425

 
45,069

Corporate
 
(7,917
)
 
1,138

 
(15,082
)
 
(6,681
)
Total operating income
 
26,419

 
22,956

 
59,304

 
50,804

 
 
 
 
 
 
 
 
 
Interest expense
 
4,023

 
4,224

 
7,869

 
8,432

Net (gain) loss on sale of property, plant and equipment and insurance proceeds
 
(25
)
 
3

 
(449
)
 
(23
)
Other (income) expense, net
 
547

 
17

 
855

 
(14
)
Income before income taxes
 
$
21,874

 
$
18,712

 
$
51,029

 
$
42,409

 
 
 
 
 
 
 
 
 
Total Assets:
 
 
 
 
 
 
 
 
Energy
 
$
527,769

 
$
530,535

 
$
527,769

 
$
530,535

Galvanizing Services
 
431,494

 
387,393

 
431,494

 
387,393

Corporate
 
24,784

 
51,860

 
24,784

 
51,860

 
 
$
984,047

 
$
969,788

 
$
984,047

 
$
969,788

 
Financial Information About Geographical Areas
Below is a breakdown of selected financial information by geographical area:
 
 
Three Months Ended August 31,
 
Six Months Ended August 31,
 
 
2015
 
2014
 
2015
 
2014
 
 
(Unaudited)
(In thousands)
Net Sales:
 
 
 
 
 
 
 
 
U.S.
 
$
163,664

 
$
142,385

 
$
345,934

 
$
318,824

International
 
50,928

 
51,031

 
97,546

 
90,718

Eliminations
 
(346
)
 

 
(346
)
 

          Total Net Sales
 
$
214,246

 
$
193,416

 
$
443,134

 
$
409,542

 
 
August 31, 2015
 
February 28, 2015
Property, Plant and Equipment, Net:
 


 


U.S.
 
202,515

 
173,712

Canada
 
18,260

 
20,289

Other Countries
 
2,798

 
2,582

          Total Property, Plant and Equipment, Net
 
$
223,573

 
$
196,583