Acquisitions (Tables)

12 Months Ended

Feb. 28, 2022

Business Combinations [Abstract]

Schedule of assets acquired and liabilities assumed

The following table represents the preliminary summary of the assets acquired and liabilities assumed, in aggregate, related to the DAAM acquisition, as of the date of the acquisition (in thousands):

Assets
Accounts receivable	$	2,576
Inventories	2,308
Property, plant and equipment	14,436
Goodwill	24,498
Liabilities
Accounts payable and other accrued liabilities	(4,003)
Deferred tax liabilities	(3,596)
Total purchase price	$	36,219

The allocation of the purchase price of Steel Creek has not been completed, and the assets acquired and liabilities assumed are preliminary and subject to change. The following table summarizes the fair values of the preliminary allocation of assets acquired and liabilities assumed, in aggregate, related to the Steel Creek acquisition, as of the date of the acquisition (in thousands):

Assets
Accounts receivable	$	598
Inventories	3,593
Property, plant and equipment	15,796
Intangibles	872
Goodwill	7,732
Liabilities
Accounts payable and other accrued liabilities	(765)
Contingent consideration	(2,826)
Total purchase price	$	25,000

The following table summarizes the fair values of the assets acquired and liabilities assumed, in aggregate, related to the acquisitions in fiscal 2020, as of the date of each respective acquisition (in thousands):

Assets
Accounts receivable	$	4,591
Inventories	1,830
Prepaid expenses and other	22
Property, plant and equipment	5,336
Intangibles	15,512
Goodwill	39,419
Liabilities
Accounts payable and other accrued liabilities	(1,575)
Contingent consideration	(2,000)
Deferred income taxes	(2,507)
Total purchase price	$	60,628

Schedule of components of identifiable intangible assets acquired

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of each respective acquisition (in thousands):

	Fair Value		Useful Life
Customer relationships	$	15,360	15 years
Non-compete agreements	152		3 years
Total intangible assets	$	15,512

Schedule of proforma information

The unaudited pro forma financial information was as follows (in thousands):

	2020
Revenues	$	1,072,633
Net income	49,702