Goodwill and Intangible Assets (Tables)

3 Months Ended

May 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying Amount and Accumulated Amortization of Intangible Assets

The carrying amount and accumulated amortization of the Company’s intangible assets at each balance sheet date are as follows (in thousands):

	Weighted
	Average
	Remaining		Gross
	Life		Carrying		Accumulated
As of May 31, 2023	(in years)		Amount		Amortization		Net
Definite-lived intangible assets
Trademarks and trade names		7.4	$	29,077	$	12,801	$	16,275
Customer lists		5.5		80,933		55,375		25,557
Non-compete		2.5		220		153		67
Technology		6.5		650		46		604
Total		6.3	$	110,880	$	68,375	$	42,503
As of February 28, 2023
Definite-lived intangible assets
Trademarks and trade names		10.1	$	28,977	$	12,294	$	16,683
Customer lists		5.4		80,733		54,020		26,713
Non-compete		2.7		210		145		65
Technology		6.7		650		23		627
Total		7.2	$	110,570	$	66,482	$	44,088

Estimated Amortization Expense

The Company’s estimated amortization expense for the current and next four fiscal years is as follows (in thousands):

2024	$	7,644
2025		7,471
2026		6,850
2027		5,767
2028		4,271

Changes in Net Carrying Amount of Goodwill

Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands):

Balance as of March 1, 2022		88,677
Goodwill acquired		3,142
Balance as of February 28, 2023		91,819
Goodwill acquired		166
Balance as of May 31, 2023	$	91,985