Segments

9 Months Ended

Nov. 30, 2019

Segment Information

Net sales and operating income (loss) by segment for each period were as follows (in thousands):



	Three Months Ended November 30,						Nine Months Ended November 30,
	2019			2018			2019			2018
Net sales:
Energy	$	161,943		$	132,025		$	440,259		$	385,526
Metal Coatings	129,196			107,491			376,193			339,013
Total net sales	$	291,139		$	239,516		$	816,452		$	724,539

Operating income (loss):
Energy	$	17,421		$	11,532		$	34,231		$	25,763
Metal Coatings	27,258			18,321			85,323			65,581
Corporate	(11,251		)	(7,084		)	(32,945		)	(27,774		)
Total operating income	$	33,428		$	22,769		$	86,609		$	63,570

Asset balances by segment for each period were as follows (in thousands):



	November 30, 2019		February 28, 2019
Total assets:
Energy	$	645,918	$	630,134
Metal Coatings	509,778		440,090
Corporate	16,872		18,346
Total	$	1,172,568	$	1,088,570

For the nine months ended November 30, 2018, the Company recognized impairment charges of $0.8 million, which were classified within cost of sales in the consolidated statement of income and were related to property, plant and equipment in the Metal Coatings segment that was vacated or abandoned upon the consolidation of two galvanizing facilities in the Gulf Coast region of the United States. As part of the consolidation of facilities, the Company also recognized $0.5 million in employee severance and other disposal costs for the nine months ended November 30, 2018, which were also classified within cost of sales in the consolidated statement of income. No such charges were recorded during the three and nine months ended November 30, 2019.

Financial Information About Geographical Areas

The following table presents revenues by geographic region for each period (in thousands):



	Three Months Ended November 30,				Nine Months Ended November 30,
	2019		2018		2019		2018
Net sales:
United States	$	214,577	$	203,788	$	655,582	$	605,672
International	76,562		35,728		160,870		118,867
Total	$	291,139	$	239,516	$	816,452	$	724,539

The following table presents fixed assets by geographic region for each period (in thousands):



	November 30, 2019		February 28, 2019
Property, plant and equipment, net:
United States	$	190,529	$	189,281
Canada	16,864		16,961
Other countries	4,298		3,985
Total	$	211,691	$	210,227