Restructuring and Impairment Charges (Tables)

9 Months Ended

Nov. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

During the nine months ended November 30, 2020, the Company recorded certain charges related to its restructuring activities, which are summarized in the table below:

	Nine Months Ended November 30,
`	Metal Coatings		Infrastructure Solutions		Total
Write down on assets held for sale to estimated sales price	$	2,930	$	4,100	$	7,030
Write down of assets expected to be abandoned	6,922		—		6,922
Loss on sale of subsidiaries	1,191		1,859		3,050
Write down of excess inventory	—		2,511		2,511
Costs associated with assets held for sale	—		756		756
Total charges	$	11,043	$	9,226	$	20,269

The Company recognized the following charges to income from operations related to locations expected to be closed:

	Nine Months Ended November 30, 2020
Inventory write down	$	336
Property & equipment write downs	2,956
Intangible impairment	3,258
Other	372
Total	$	6,922

Disposal Groups, Including Discontinued Operations

Assets and liabilities allocated to the disposal group are as follows:

	As of November 30, 2020
Assets
Accounts receivable	$	1,313
Inventories	1,024
Contract assets	3,303
Other current assets	11
Property, plant and equipment	1,768
Other assets	60
Goodwill	1,693
Liabilities
Accounts payable	365
Contract liabilities	1,086
Other accrued liabilities	1,050
Lease liability – long term	3
Total carrying value	6,668
Less: Impairment of carrying value of remaining assets held for sale to estimated sales price	(3,490)
Fair value of disposal group	$	3,178