Discontinued Operations (Tables)

12 Months Ended

Feb. 29, 2024

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The results of operations from discontinued operations for the fiscal years 2023 and 2022, have been reflected as discontinued operations in the consolidated statements of operations and consist of the following (in thousands):

	Year Ended February 28,
	2023		2022
Sales	$	256,224	$	377,066
Cost of sales	202,707		297,996
Gross margin	53,517		79,070
Selling, general and administrative	26,186		46,747
Restructuring and impairment charges	—		(1,797)
Loss on disposal of discontinued operations	159,910		—
Operating income (loss) from discontinued operations	(132,579)		34,120
Interest expense	(8)		(32)
Other expense, net	(6,270)		(774)
Income (loss) from discontinued operations before income tax	(138,857)		33,314
Income tax benefit	(19,544)		(891)
Net income (loss) from discontinued operations	$	(119,313)	$	34,205
Earnings (loss) per common share from discontinued operations:
Basic earnings (loss) per share	$	(4.81)	$	1.38
Diluted earnings (loss) per share	$	(4.78)	$	1.36

The depreciation, amortization, capital expenditures, and significant operating and investing non-cash items of the discontinued operation for the following fiscal years 2023 and 2022, consists of the following (in thousands):

	Year Ended February 28,
	2023		2022
Depreciation and amortization	$	7,279	$	12,584
Purchase of property, plant and equipment	4,831		4,815
Non-cash loss on disposal of discontinued operations	159,910		—
Loss on disposal group held for sale	—		1,797
Loss on sale of property, plant and equipment	—		147