Quarterly Financial Information, Unaudited (Tables)

12 Months Ended

Feb. 28, 2021

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

	Quarter ended
	May 31, 2020		August 31, 2020		November 30, 2020		February 28, 2021
	(in thousands, except per share data)
Sales	$	213,293	$	203,372	$	226,623	$	195,629
Gross profit	42,208		46,094		54,675		45,770
Net income (loss) (1)	5,541		(1,790)		19,703		16,160
Basic net income (loss) per share (2)	0.21		(0.07)		0.76		0.64
Diluted net income (loss) per share (2)	0.21		(0.07)		0.76		0.63

 

	Quarter ended
	May 31, 2019		August 31, 2019		November 30, 2019		February 29, 2020 (3)
	(in thousands, except per share data)
Sales	$	289,123	$	236,190	$	291,139	$	245,365
Gross profit	66,107		52,686		67,331		51,104
Net income	21,284		15,558		22,035		(10,643)
Basic net income per share (2)	0.81		0.59		0.84		(0.41)
Diluted net income per share (2)	0.81		0.59		0.84		(0.41)

(1) During fiscal 2021, the Company recorded restructuring and impairment charges of $20.0 million related to its plan to divest certain non-

core businesses. See Note 13 for information related to these charges.

(2) Basic and diluted net income (loss) per share are computed independently for each of the quarters presented. Therefore, the sum of

quarterly basic and diluted per share information may not equal annual basic and diluted net income per share.

(3) During the fourth quarter of fiscal 2020, the Company recorded a loss on disposal of $18.6 million related to the sale of its nuclear logistics

business and recorded an impairment charge of $9.2 million related to the Company's exit from the nuclear certified portion of its industrial

welding solutions business.