Quarterly Financial Information, Unaudited (Notes)

12 Months Ended

Feb. 29, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly financial information, Unaudited

Selected Quarterly Financial Data (Unaudited)

	Quarter ended
	May 31, 2019		August 31, 2019		November 30, 2019		February 29, 2020 (2)
	(in thousands, except per share data)
Net sales	$	289,123	$	236,190	$	291,139	$	245,365
Gross profit	66,107		52,686		67,331		51,104
Net income (loss)	21,284		15,558		22,035		(10,643		)
Basic net income (loss) per share (1)	0.81		0.59		0.84		(0.41		)
Diluted net income (loss) per share (1)	0.81		0.59		0.84		(0.41		)

 

	Quarter ended
	May 31, 2018		August 31, 2018		November 30, 2018		February 28, 2019
	(in thousands, except per share data)
Net sales	$	262,236	$	222,787	$	239,516	$	202,548
Gross profit	58,705		46,904		49,755		43,257
Net income	15,718		11,244		15,395		8,851
Basic net income per share (1)	0.60		0.43		0.59		0.34
Diluted net income per share (1)	0.60		0.43		0.59		0.34

(1) 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.

(2) 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.