Segments

9 Months Ended

Nov. 30, 2014

Segment Reporting [Abstract]

Segments

Segments

We have two operating segments, Energy and Galvanizing Services, as defined in our Annual Report on Form 10-K for the year ended February 28, 2014. Information regarding operations and assets by segment is as follows:

	Three Months Ended November 30,					Nine Months Ended November 30,
	2014		2013			2014		2013
	(Unaudited) (In thousands)
Net Sales:
Energy	$	130,052	$	112,035		$	361,133	$	312,635
Galvanizing Services	94,781		85,720			273,243		258,077
Total Net Sales	224,833		197,755			634,376		570,712
Operating Income (Loss) (a):
Energy	16,729		11,853			29,422		35,634
Galvanizing Services	23,701		21,316			68,704		69,059
Total Segment Operating Income	40,430		33,169			98,126		104,693
General Corporate Expense (b)	6,771		8,012			13,595		25,670
Interest Expense	4,099		4,615			12,531		13,744
Other (Income) Expense, Net (c)	882		(7,370		)	913		(11,852		)
Total Corporate Expenses	11,752		5,257			27,039		27,562
Income Before Income Taxes	$	28,678	$	27,912		$	71,087	$	77,131
Total Assets:
Energy	$	549,968	$	551,704		$	549,968	$	551,704
Galvanizing Services	385,217		383,560			385,217		383,560
Corporate	46,154		53,911			46,154		53,911
	$	981,339	$	989,175		$	981,339	$	989,175

(a) Segment operating income consists of net sales, less cost of sales, specifically identifiable selling, general and administrative expenses, and other income and expense items that are specifically identifiable to a segment.

(b) General Corporate Expense consists of selling, general and administrative expenses that are not specifically identifiable to a segment.

(c) Other expense, net includes gains or losses on sale of property, plant and equipment and other (income) expenses.

Financial Information About Geographical Areas

Below is a breakdown of selected financial information by geographical area:

	Three Months Ended November 30,					Nine Months Ended November 30,
	2014			2013		2014			2013
	(Unaudited) (In thousands)
Net Sales:
U.S.	$	177,801		$	164,005	$	516,127		$	460,735
International	49,068			33,750		120,285			109,977
Eliminations	(2,036		)	—		(2,036		)	—
Total Net Sales	$	224,833		$	197,755	$	634,376		$	570,712

	November 30, 2014		February 28, 2014
Property, Plant and Equipment, Net:
U.S.	171,209		171,727
Canada	22,303		23,779
Other Countries	2,646		2,133
Total Property, Plant and Equipment, Net	$	196,158	$	197,639