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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
May 31, 2016
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):

 

As of May 31, 2016

   Weighted
Average
Remaining
Life
(in years)
     Gross
Carrying
Amount
     Accumulated
Amortization
     Net  

Amortized intangible assets

           

Trade names

     —         $ 1,234       $ 1,234       $ —     

Customer lists

     9.2         53,669         17,965         35,704   

Noncompete

     1.6         175         42         133   

Patent

     1.8         783         556         227   
     

 

 

    

 

 

    

 

 

 

Total

     9.2       $ 55,861       $ 19,797       $ 36,064   
     

 

 

    

 

 

    

 

 

 

As of February 29, 2016

                           

Amortized intangible assets

           

Trade names

     —         $ 1,234       $ 1,234       $ —     

Customer lists

     8.7         53,519         16,852         36,667   

Noncompete

     1.8         75         29         46   

Patent

     2.0         783         523         260   
     

 

 

    

 

 

    

 

 

 

Total

     8.7       $ 55,611       $ 18,638       $ 36,973   
     

 

 

    

 

 

    

 

 

 
Non-amortizing Intangible Assets
     May 31,
2016
     February 29,
2016
 

Non-amortizing intangible assets

     

Trademarks and trade names

   $ 15,291       $ 15,291   
  

 

 

    

 

 

 
Estimated Amortization Expense

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

 

2017

     $4,716   

2018

     4,504   

2019

     3,987   

2020

     3,867   

2021

     3,797   
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, 2015

   $ 64,489   

Goodwill acquired

     48   

Goodwill impairment

     —     
  

 

 

 

Balance as of February 29, 2016

     64,537   

Goodwill acquired

     —     

Goodwill impairment

     —     
  

 

 

 

Balance as of May 31, 2016

   $ 64,537