XML 34 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Nov. 30, 2012
Goodwill and Other Intangible Assets [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):

 

                                 

As of November 30, 2012

  Weighted
Average
Remaining
Life

(in years)
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net  

Amortized intangible assets

                               

Trade names

    —       $ 1,234     $ 1,234     $ —    

Customer lists

    6.6       37,887       16,990       20,897  

Noncompete

    —         500       500       —    

Patent

    5.2       773       102       671  
           

 

 

   

 

 

   

 

 

 

Total

    6.4     $ 40,394     $ 18,826     $ 21,568  
           

 

 

   

 

 

   

 

 

 
         

As of February 29, 2012

                       

Amortized intangible assets

                               

Trade names

    0.8     $ 1,234     $ 1,139     $ 95  

Customer lists

    7.2       37,887       14,699       23,188  

Noncompete

    —         500       500       —    

Patent

    6.0       773       5       768  
           

 

 

   

 

 

   

 

 

 

Total

    7.0     $ 40,394     $ 16,343     $ 24,051  
           

 

 

   

 

 

   

 

 

 
Non-amortizing intangible assets
                 
    November 30,
2012
    February 29,
2012
 

Non-amortizing intangible assets

               

Trademarks

  $ 63,378     $ 63,378  
   

 

 

   

 

 

 
Estimated amortization expense

The Company’s estimated amortization expense for the current and next five fiscal years ending in February of the stated year is as follows (in thousands):

 

         

2013

  $ 3,278  

2014

    3,180  

2015

    3,063  

2016

    3,004  

2017

    3,004  

2018

    2,765  
Changes in the carrying amount of goodwill

The following table represents changes in the carrying amount of goodwill as of the dates indicated (in thousands):

 

                         
    Print     Apparel        
    Segment     Segment        
    Total     Total     Total  

Balance as of February 28, 2011

  $ 42,792     $ 74,549     $ 117,341  

Goodwill acquired

    4,293       —         4,293  

Goodwill impairment

    —         —         —    
   

 

 

   

 

 

   

 

 

 

Balance as of February 29, 2012

    47,085       74,549       121,634  

Goodwill acquired adjustment

    175       —         175  

Goodwill impairment

    —         —         —    
   

 

 

   

 

 

   

 

 

 

Balance as of November 30, 2012

  $ 47,260     $ 74,549     $ 121,809