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Goodwill and Intangible Assets (Tables)
12 Months Ended
Feb. 28, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in goodwill by segment for fiscal year 2021 and 2020 were as follows (in thousands):
 
2021
SegmentBeginning BalanceAcquisitionsDivestitureAssets Held for SaleCurrency Translation AdjustmentEnding Balance
Metal Coatings$157,048 $1,551 $(1,132)$— $1,192 $158,659 
Infrastructure Solutions199,177 — (2,262)(1,693)— 195,222 
Total$356,225 $1,551 $(3,394)$(1,693)$1,192 $353,881 
 
2020
SegmentBeginning BalanceAcquisitionsDivestitureOtherCurrency Translation AdjustmentEnding Balance
Metal Coatings$116,691 $39,419 $— $1,413 $(475)$157,048 
Infrastructure Solutions207,065 — (7,888)— — 199,177 
Total$323,756 $39,419 $(7,888)$1,413 $(475)$356,225 
Schedule of Finite-Lived Intangible Assets by Major Class
Amortizable intangible assets consisted of the following as of February 28, 2021 and February 29, 2020 (in thousands):
Weighted-Average Life (Years)20212020
Customer related intangibles16$171,091 $177,090 
Non-compete agreements138,803 8,659 
Trademarks991,386 1,469 
Technology252,554 2,554 
Certifications8399 — 
Gross intangible assets184,233 189,772 
Less accumulated amortization(100,342)(91,298)
Total amortizable intangible assets, net$83,891 $98,474 
Finite-lived Intangible Assets Amortization Expense
The following table outlines the classification of amortization expense in the statements of income for fiscal 2021, 2020, and 2019 (in thousands):
202120202019
Cost of sales$6,838 $6,873 $6,259 
Selling, general and administrative5,561 10,251 10,775 
Total amortization expense$12,399 $17,124 $17,034 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following summarizes the estimated amortization expense for the next five fiscal years and beyond (in thousands):
 
2022$12,111 
202311,735 
20249,907 
20259,098 
20269,069 
Thereafter31,971 
Total$83,891