Operating segments (Notes)

12 Months Ended

Feb. 29, 2020

Segment Reporting [Abstract]

Operating segments

Operating Segments

Segment Information

The Company’s Chief Executive Officer, who is the chief operating decision maker (“CODM”), reviews financial information presented on an operating segment basis for purposes of making operating decisions and assessing financial performance. Net sales and operating income (loss) are the primary measures used by the CODM to evaluate segment operating performance and to allocate resources to segments. Expenses related to certain centralized administration or executive functions that are not specifically related to an operating segment are included in Corporate.

A summary of each of the Company's reportable segments is as follows:

Metal Coatings - provides hot dip galvanizing, powder coating, anodizing and plating, and other metal coating applications to the steel fabrication and other industries through facilities located throughout the United States and Canada

Energy - provides specialized products and services designed to support industrial and electrical applications. This segment's product offerings include custom switchgear, electrical enclosures, medium and high voltage bus ducts, explosion proof and hazardous duty lighting and tubular products. In addition, this segment focuses on extension of life cycle for the power generation, refining and industrial infrastructure, through automated weld overlay solutions for corrosion and erosion mitigation.

The following tables show information by reportable segment for fiscal year 2020, 2019 and 2018 (in thousands):

	2020			2019			2018
Net sales:
Metal Coatings	$	498,989		$	440,264		$	389,397
Energy	562,828			486,823			421,033
Total net sales	$	1,061,817		$	927,087		$	810,430
Operating income (loss):
Metal Coatings	$	107,926		$	83,591		$	84,332
Energy	32,845			31,332			(1,766		)
Corporate	(42,796		)	(37,967		)	(34,318		)
Loss on disposal of business	(18,632		)	—			—
Total operating income	$	79,343		$	76,956		$	48,248

	2020		2019		2018
Depreciation and amortization:
Metal Coatings	$	30,042	$	29,124	$	28,617
Energy	18,414		19,405		19,996
Corporate	1,738		1,716		1,913
Total	$	50,194	$	50,245	$	50,526

	2020		2019		2018
Expenditures for acquisitions, net of cash, and property, plant and equipment:
Metal Coatings	$	82,972	$	16,046	$	39,474
Energy	9,588		14,608		32,903
Corporate	3,112		2,962		2,020
Total	$	95,672	$	33,616	$	74,397

Asset information by segment was as follows as of February 29, 2020 and February 28, 2019 (in thousands):

	2020		2019
Assets:
Metal Coatings	$	504,632	$	440,090
Energy	548,032		630,134
Corporate	21,167		18,346
Total assets	$	1,073,831	$	1,088,570

Financial Information About Geographical Areas

Financial information about geographical areas for the periods presented was as follows for fiscal year 2020, 2019 and 2018 (in thousands):

	2020		2019		2018
Geographic net sales:
United States	$	850,656	$	785,194	$	653,150
Other countries	211,161		141,893		157,280
Total	$	1,061,817	$	927,087	$	810,430

 

	2020		2019
Property, plant and equipment, net:
United States	$	190,365	$	189,281
Canada	16,385		16,961
Other Countries	6,354		3,985
Total	$	213,104	$	210,227