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Discontinued Operations (Tables)
12 Months Ended
Feb. 28, 2019
Discontinued Operations And Disposal Groups [Abstract]  
Schedule of Discontinued Operations Related to Apparel Segment

The operating results of these discontinued operations only reflect revenues and expenses that are directly attributable to the Apparel Segment and that have been eliminated from ongoing operations.  The following tables show the key components of the sale and discontinued operations related to the Apparel Segment that was completed on May 25, 2016 (in thousands):

 

Sales price

 

$

110,000

 

Carrying value of disposed

 

 

(130,174

)

Expenses related to sales (1)

 

 

(4,365

)

Loss on sale before write-off of foreign currency

   translation adjustment

 

 

(24,539

)

Write-off of foreign currency translation adjustments

 

 

 

 

   recorded in other comprehensive income

 

 

(16,109

)

Loss on sale of sale of discontinued operations

 

$

(40,648

)

 

(1)

Includes the termination fee, in the amount of $3.0 million, paid as a result of the termination of a prior purchase agreement for the sale of the Apparel Segment to Alstyle Operations, LLC.

 

 

 

2018

 

 

2017

 

Net sales

 

$

 

 

$

41,038

 

Income from discontinued operations before income taxes

 

 

 

 

 

3,873

 

Loss on sale of discontinued operations before income taxes

 

 

(2,000

)

 

 

(40,648

)

Income (loss) on discontinued operations before income taxes

 

 

(2,000

)

 

 

(36,775

)

Income tax (benefit) expense

 

 

(2,147

)

 

 

(12,138

)

Net income (loss) from discontinued operations

 

$

147

 

 

$

(24,637

)