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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Aug. 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 August 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

     9.0         53,669         19,079         34,590   

Noncompete

     1.3         175         57         118   

Patent

     1.5         783         589         194   
     

 

 

    

 

 

    

 

 

 

Total

     9.0       $ 55,861       $ 20,959       $ 34,902   
     

 

 

    

 

 

    

 

 

 

As of February 29, 2016

   Weighted
Average
Remaining
Life

(in years)
     Gross
Carrying
Amount
     Accumulated
Amortization
     Net  

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
August 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 August 31, 2016

   $ 64,537