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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Feb. 28, 2017
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 February 28, 2017

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

Amortized intangible assets

           

Trademarks and trade names

     8.0      $ 3,642      $ 1,234      $ 2,408  

Customer lists

     8.9        57,347        21,336        36,011  

Noncompete

     0.8        175        86        89  

Patent

     1.0        783        655        128  
     

 

 

    

 

 

    

 

 

 

Total

     8.8      $ 61,947      $ 23,311      $ 38,636  
     

 

 

    

 

 

    

 

 

 

As of February 29, 2016

                           

Amortized intangible assets

           

Trademarks and 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
     February 28,
2017
     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 is as follows (in thousands):

 

2018

   $ 5,886  

2019

     5,401  

2020

     5,318  

2021

     5,249  

2022

     5,205  
Changes in Net Carrying Amount of Goodwill

Changes in the net carrying amount of goodwill for fiscal years 2015 and 2016 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

     6,066  

Goodwill impairment

     —    
  

 

 

 

Balance as of February 28, 2017

   $ 70,603