Income Taxes (Tables)

12 Months Ended

Feb. 28, 2018

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s net deferred income tax liability are as follows (in thousands):

	February 28, 2018			February 28, 2017
Deferred income tax assets:
Employee related items	$	4,532		$	6,839
Inventories	816			1,286
Accrued warranty	432			715
Accounts receivable	299			261
Net operating loss carry forward	5,067			4,011
	11,146			13,112
Less: valuation allowance	(1,558		)	(648		)
Total deferred income tax assets	9,588			12,464
Deferred income tax liabilities:
Depreciation methods and property basis differences	(17,955		)	(27,913		)
Other assets and tax-deductible goodwill	(24,537		)	(37,950		)
Total deferred income tax liabilities	(42,492		)	(65,863		)
Net deferred income tax liabilities	$	(32,904	)	$	(53,399	)

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consists of (in thousands):

		Year Ended
		February 28, 2018			February 28, 2017			February 29, 2016
Income before income taxes:
Domestic		$	24,282		$	74,972		$	93,561
Foreign		6,617			10,325			8,814
Income before income taxes		$	30,899		$	85,297		$	102,375
Current provision (benefit):
	Federal	$	9,080		$	23,282		$	28,099
	Foreign	1,958			2,751			2,706
	State and local	964			(696		)	(337		)
Total current provision for income taxes		$	12,002		$	25,337		$	30,468
Deferred provision (benefit):
	Federal	$	(25,855	)	$	(2,486	)	$	(6,560	)
	Foreign	100			189			(123		)
	State and local	(517		)	993			3,046
Total deferred provision for (benefit from) income taxes		$	(26,272	)	$	(1,304	)	$	(3,637	)
Total provision for (benefit from) income taxes		$	(14,270	)	$	24,033		$	26,831

Summary of Operating Loss Carryforwards

The following table summarizes the Net operating loss (NOL) carryforward (in thousands):

	February 28, 2018		February 28, 2017
Federal	$	—	$	—
State	$	5,067	$	4,011
Foreign	$	—	$	—

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation from the federal statutory income tax rate to the effective income tax rate is as follows:

	Year Ended
	February 28, 2018		February 28, 2017		February 29, 2016
Statutory federal income tax rate	32.7	%	35.0	%	35.0	%
Permanent differences	1.6		0.7		0.4
State income taxes, net of federal income tax benefit	0.4		0.4		(1.5	)
Benefit of Section 199 of the Code, manufacturing deduction	(2.2	)	(2.3	)	(2.7	)
Valuation allowance	—		—		(1.2	)
Stock compensation	(0.5	)	(1.8	)	—
Tax credits	(7.7	)	(3.1	)	(3.2	)
Foreign tax rate differential	(0.4	)	(0.8	)	(0.4	)
Deferred tax remeasurements	(78.9	)	—		—
Transition tax	8.6		—		—
Other	0.2		0.1		(0.2	)
Effective income tax rate	(46.2	)%	28.2	%	26.2	%