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Segments
9 Months Ended
Nov. 30, 2017
Segment Reporting [Abstract]  
Segments
Segments
Segment Information
Net sales and operating income by segment for each period were as follows (in thousands):
 
 
 
Three Months Ended November 30,
 
Nine Months Ended November 30,
 
 
2017
 
2016
 
2017
 
2016
 
 
 
 
(Restated)
 
 
 
(Restated)
Net Sales:
 
 
 
 
 
 
 
 
Energy
 
$
107,021

 
$
136,210

 
$
317,526

 
$
385,357

Metal Coatings
 
101,137

 
91,906

 
292,244

 
293,915

Total net sales
 
208,158

 
228,116

 
609,770

 
679,272

 
 
 
 
 
 
 
 
 
Operating Income (loss):
 
 
 
 
 
 
 
 
Energy
 
$
(12,103
)
 
$
12,865

 
$
(3,029
)
 
$
41,833

Metal Coatings
 
21,681

 
21,345

 
66,332

 
60,679

Corporate
 
(8,024
)
 
(7,995
)
 
(24,339
)
 
(24,880
)
Total operating income
 
$
1,554

 
$
26,215

 
$
38,964

 
$
77,632



Asset balances by segment for each period were as follows (in thousands):

 
 
November 30, 2017
 
February 28, 2017
Total assets:
 
 
 
 
Energy
 
$
568,607

 
$
536,557

Metal Coatings
 
447,749

 
428,330

Corporate
 
12,901

 
13,467

Total
 
$
1,029,257

 
$
978,354



For the three and nine months ended November 30, 2017, the Company recognized impairment charges of $8.3 million, classified within costs of sales on the consolidated statement of income, related to property, plant and equipment in the Energy segment that was retired prior to the end of its useful life.
     
Financial Information About Geographical Areas
The following table presents revenue by geographic region for each period (in thousands):
 
 
Three Months Ended November 30,
 
Nine Months Ended November 30,
 
 
2017
 
2016
 
2017
 
2016
 
 
 
 
(Restated)
 
 
 
(Restated)
Net sales:
 
 
 
 
 
 
 
 
United States
 
$
176,631

 
$
192,183

 
$
505,955

 
$
551,185

International
 
32,355

 
35,933

 
104,747

 
128,243

Eliminations
 
(828
)
 

 
(932
)
 
(156
)
          Total
 
$
208,158

 
$
228,116

 
$
609,770

 
$
679,272


    
The following table presents fixed assets by geographic region for each period (in thousands):

 
 
November 30, 2017
 
February 28, 2017
Property, plant and equipment, net:
 


 


United States
 
$
195,931

 
$
205,079

Canada
 
17,668

 
18,002

Other countries
 
5,574

 
5,529

          Total
 
$
219,173

 
$
228,610