Intangible Assets, Net

9 Months Ended

Nov. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

6. Intangible Assets, Net

Intangible assets, net consisted of the following:


	Successor
	November 30, 2021
($ in thousands)	Weighted Average Useful Life	Cost		Accumulated Amortized			Net
Indefinite-lived:
Trademark / Trade name	Indefinite	$	109,998	$	—		$	109,998
Definite-lived:
Customer relationships	13.4		477,009		(27,130	)		449,879
Technology	7.3		666,694		(48,777	)		617,917
Content library	10.0		50,000		(4,122	)		45,878
Trade name	1.0		3,689		(849	)		2,840
Total definite-lived			1,197,392		(80,878	)		1,116,514
Total intangible assets		$	1,307,390	$	(80,878	)	$	1,226,512


	Successor
	February 28, 2021
($ in thousands)	Weighted Average Useful Life	Cost		Accumulated Amortized			Net
Indefinite-lived:
Trademark / Trade name	Indefinite	$	109,924	$	—		$	109,924
Definite-lived:
Customer relationships	20.0		300,107		(1,248	)		298,859
Technology	8.5		370,106		(3,621	)		366,485
Content library	10.0		50,000		(417	)		49,583
Total definite-lived			720,213		(5,286	)		714,927
Total intangible assets		$	830,137	$	(5,286	)	$	824,851

Amortization of intangible assets is recorded in cost of revenue and operating expenses in the Condensed Consolidated Statements of Operations. We recorded amortization expense related to intangible assets of $44.5 million and $13.4 million for the three months ended November 30, 2021 and 2020, respectively. We recorded amortization expense related to intangible assets of $75.7 million and $40.8 million for the nine months ended November 30, 2021 and 2020, respectively.