XML 250 R46.htm IDEA: XBRL DOCUMENT v3.22.1
Goodwill & Other Intangible Assets Intangible Assets (Tables)
 12 Months Ended
Feb. 25, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Table Text Block]
As of February 25, 2022 and February 26, 2021, other intangible assets and related accumulated amortization consisted of the following:
Other Intangible AssetsFebruary 25, 2022February 26, 2021
Weighted
Average
Useful Life
(Years)		GrossAccumulated
Amortization		NetGrossAccumulated
Amortization		Net
Intangible assets subject to amortization:
Dealer relationships (1)11.1$61.4 $20.0 $41.4 $58.7 $14.9 $43.8 
Trademarks (1) (2)8.347.4 24.5 22.9 44.0 19.8 24.2 
Know-how/designs (1)9.024.2 8.5 15.7 21.4 6.1 15.3 
Proprietary technology9.915.8 13.9 1.9 15.8 13.6 2.2 
Non-compete agreements6.11.2 1.2 — 1.3 1.3 — 
Other (3)4.621.8 18.3 3.5 22.4 17.6 4.8 
171.8 86.4 85.4 163.6 73.3 90.3 
Intangible assets not subject to amortization:
Trademarks and other (2)n/a0.1 — 0.1 0.1 — 0.1 
$171.9 $86.4 $85.5 $163.7 $73.3 $90.4 
________________________
(1)In 2022, we acquired Viccarbe, resulting in an increase of intangible assets in the EMEA segment. See Note 19 for additional information.
(2)In 2021, we transferred trademarks not subject to amortization to trademarks subject to amortization within the Americas segment.
(3)In 2021, we completed a small acquisition of a dealer, resulting in an increase of intangible assets in the Americas segment.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] Based on the current amount of intangible assets subject to amortization, the estimated amortization expense for each of the following five years is as follows:
Fiscal Year Ending in FebruaryAmount
202315.4 
202412.6 
202512.8 
202612.6 
202712.3 
$65.7 
Future events, such as acquisitions, dispositions or impairments, may cause these amounts to vary.
The fair value of the acquired intangible assets will be amortized on a straight-line basis over the remaining useful lives. The estimated amortization expense for the next five years is as follows:
Fiscal Year Ending in FebruaryAmount
2023$1.1 
20241.1 
20251.2 
20261.1 
20271.1 
$5.6 
Schedule of Goodwill [Table Text Block]
A summary of the changes in goodwill during the years ended February 25, 2022 and February 26, 2021, by reportable segment, is as follows:
GoodwillAmericasEMEAOtherTotal
Balance as of February 28, 2020$204.4 $18.5 $10.7 $233.6 
Acquisition (1)2.5 — — 2.5 
Impairment charge (2)— (17.6)— (17.6)
Currency translation adjustments0.5 (0.9)— (0.4)
Goodwill209.1 282.6 47.9 539.6 
Accumulated impairment losses(1.7)(282.6)(37.2)(321.5)
Balance as of February 26, 2021$207.4 $— $10.7 $218.1 
Acquisition (3)— 25.8 — 25.8 
Currency translation adjustments(0.2)(0.9)— (1.1)
Goodwill208.9 307.5 47.9 564.3 
Accumulated impairment losses(1.7)(282.6)(37.2)(321.5)
Balance as of February 25, 2022$207.2 $24.9 $10.7 $242.8 
________________________
(1)In 2021, we completed a small acquisition of a dealer, resulting in a goodwill addition in the Americas segment.
(2)In 2021, we recorded a goodwill impairment charge in the EMEA segment related to the Orangebox U.K. reporting unit.
(3)In 2022, we acquired Viccarbe Habitat, S.L. ("Viccarbe") resulting in a goodwill addition in the EMEA segment. See Note 19 for additional information.