Income Taxes (Tables)

12 Months Ended

Feb. 28, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

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

		Year Ended
		February 28, 2019		February 28, 2018			February 28, 2017
Income before income taxes:
Domestic		$	48,261	$	24,282		$	74,972
Foreign		14,744		6,617			10,325
Income before income taxes		$	63,005	$	30,899		$	85,297
Current provision (benefit):
	Federal	$	4,251	$	3,445		$	18,688
	Foreign	2,829		1,958			2,751
	State and local	986		964			1,290
Total current provision for income taxes		$	8,066	$	6,367		$	22,729
Deferred provision (benefit):
	Federal	$	2,970	$	(20,220	)	$	2,486
	Foreign	539		100			(189		)
	State and local	222		(517		)	(993		)
Total deferred provision for (benefit from) income taxes		$	3,731	$	(20,637	)	$	1,304
Total provision for (benefit from) income taxes		$	11,797	$	(14,270	)	$	24,033

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, 2019		February 28, 2018		February 28, 2017
Statutory federal income tax rate	21.0	%	32.7	%	35.0	%
Permanent differences	0.5		1.6		0.7
State income taxes, net of federal income tax benefit	0.4		0.4		0.4
Benefit of Section 199 of the Code, manufacturing deduction	—		(2.2	)	(2.3	)
Valuation allowance	(0.7	)	—		—
Stock compensation	0.5		(0.5	)	(1.8	)
Tax credits	(4.1	)	(7.7	)	(3.1	)
Foreign tax rate differential	1.1		(0.4	)	(0.8	)
Deferred tax remeasurements	—		(78.9	)	—
Transition tax	—		8.6		—
Other	—		0.2		0.1
Effective income tax rate	18.7	%	(46.2	)%	28.2	%

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, 2019			February 28, 2018
Deferred income tax assets:
Employee related items	$	4,177		$	4,532
Inventories	758			816
Accrued warranty	369			432
Accounts receivable	(2,092		)	299
Net operating loss carry forward	7,173			5,067
	10,385			11,146
Less: valuation allowance	(3,015		)	(1,558		)
Total deferred income tax assets	7,370			9,588
Deferred income tax liabilities:
Depreciation methods and property basis differences	(19,066		)	(17,955		)
Other assets and tax-deductible goodwill	(24,927		)	(24,537		)
Total deferred income tax liabilities	(43,993		)	(42,492		)
Net deferred income tax liabilities	$	(36,623	)	$	(32,904	)

Summary of Operating Loss Carryforwards

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

	February 28, 2019		February 28, 2018
Federal	$	—	$	—
State	$	6,352	$	5,067
Foreign	$	821	$	—