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Goodwill and Intangible Assets (Notes)
 12 Months Ended
Feb. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and intangible assets Goodwill and Intangible Assets
Goodwill and indefinite-lived intangible assets are not amortized but are subject to annual impairment tests. Other intangible assets are amortized over their estimated useful lives.
 
Changes in goodwill by segment for fiscal year 2020 and 2019 were as follows (in thousands):
 
2020
Segment
 
Opening Balance
 
Acquisitions
 
Divestiture
 
Other
 
Currency Translation Adjustment
 
Closing Balance
Metal Coatings
 
$
116,691

 
$
39,419

 
$
—

 
$
1,413

 
$
(475
)
 
$
157,048

Energy
 
207,065

 
—

 
(7,888
)
 
 
 
—

 
199,177

Total
 
$
323,756

 
$
39,419

 
$
(7,888
)
 
$
1,413

 
$
(475
)
 
$
356,225

 
2019
Segment
 
Opening Balance
 
Acquisitions
 
Currency Translation Adjustment
 
Closing Balance
Metal Coatings
 
$
117,232

 
$
73

 
$
(614
)
 
$
116,691

Energy
 
204,075

 
2,990

 
—

 
207,065

Total
 
$
321,307

 
$
3,063

 
$
(614
)
 
$
323,756


The Company completed its annual goodwill impairment analysis in December 2019, and then subsequently in February 2020, and concluded that no indicators of impairment existed at any of its reporting units as of the testing date. In February 2020, the Company completed the sale of its nuclear logistics business reported within its Energy segment and recognized a loss on disposal of $18.6 million. As part of determining the loss on disposal, goodwill of $7.9 million was allocated to the disposal group on a relative fair value basis and was written-off upon the completion of the sale. The determination of the amount of goodwill to allocate to the disposal group as opposed to the ongoing operations required significant management judgment regarding future cash flows, discount rates and other market relevant data. See Note 15 for more information.
Amortizable intangible assets consisted of the following as of February 29, 2020 and February 28, 2019 (in thousands):
 
 
2020
 
2019
Customer related intangibles
 
$
177,090

 
$
191,460

Non-compete agreements
 
8,659

 
8,546

Trademarks
 
1,469

 
4,569

Technology
 
2,554

 
7,400

Engineering drawings
 
—

 
24,600

Backlog
 
—

 
7,600

Gross intangible assets
 
189,772

 
244,175

Less accumulated amortization
 
(91,298
)
 
(122,199
)
Total, net
 
$
98,474

 
$
121,976


     The Company recorded amortization expense of $17.1 million, $17.0 million and $17.1 million for fiscal 2020, 2019 and 2018, respectively, related to the amortizable intangible assets listed above. In addition, for fiscal 2020, intangibles with a carrying value of approximately $14.6 million were written-off as part of the sale of the nuclear logistics business and intangibles with a carrying value of approximately $7.2 million were impaired as part of the exit from the nuclear certified portion of the industrial welding solutions business. See Note 5 for more information.
In addition to its amortizable intangible assets, the Company has recorded indefinite-lived intangible assets of $3.4 million on the consolidated balance sheets as of February 29, 2020 and February 28, 2019, related to certain tradenames acquired as part of prior business acquisitions. These indefinite-lived intangible assets are not amortized, but are assessed for impairment annually or whenever an impairment may be indicated. During fiscal 2020 and 2019, the Company performed an annual review of its indefinite-lived intangibles and no impairment was indicated.
The following summarizes the estimated amortization expense for the next five fiscal years and beyond (in thousands):
 
2021
 
$
12,497

2022
 
12,462

2023
 
12,086

2024
 
10,151

2025
 
9,307

Thereafter
 
41,971

Total
 
$
98,474