Goodwill and Intangible Assets (Tables)

6 Months Ended

Aug. 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 August 31, 2023	(in years)		Amount		Amortization		Net
Definite-lived intangible assets
Trademarks and trade names		7.8	$	30,204	$	13,342	$	16,862
Customer lists		5.6		82,544		56,777		25,767
Non-compete		2.3		220		160		60
Technology		6.3		650		70		580
Total		6.5	$	113,618	$	70,349	$	43,269
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	$	7,781
2025		7,684
2026		7,063
2027		5,980
2028		4,484

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		398
Balance as of August 31, 2023	$	92,217