Acquisitions (Notes)

9 Months Ended

Nov. 30, 2016

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Acquisitions and Divestitures

On March 1, 2016, we completed an acquisition of the equity securities of Power Electronics, Inc. ("PEI"), a Millington, Maryland-based manufacturer and integrator of electrical enclosure systems. The acquisition of PEI will enhance our capacity to serve existing and new customers in a diverse set of industries along the Eastern seaboard of the United States.

Unaudited pro forma results of operations assuming the PEI acquisition had taken place at the beginning of each period are not provided because the historical operating results of PEI were not significant and pro forma results would not be significantly different from reported results for the periods presented.

On October 3, 2016, AZZ entered into an agreement to divest its indirectly held subsidiary, Nuclear Logistics LLC (“NL”) to Westinghouse Electric Company, LLC (“Westinghouse”) in exchange for cash. Terms of the transaction were not disclosed, and are subject to customary terms and conditions. As of November 30, 2016 and through the date of this report, negotiations for the divestiture were still underway and a close date could not be determined. In addition, management has the intention to withdraw the plan to divest NLI if the current transaction is not completed, and to continue current operations. As a result of the ongoing negotiations between AZZ and Westinghouse and management's overall plan for the subsidiary, the Company determined it had not met the criteria set forth under ASC 360-10-45-9, initial criteria for classification as held for sale, as of November 30, 2016, therefore a reclassification on the balance sheet was not made.