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Goodwill and Intangible Assets (Tables)
9 Months Ended
Nov. 30, 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):

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Life

 

 

Carrying

 

 

Accumulated

 

 

 

 

 

As of November 30, 2017

 

(in years)

 

 

Amount

 

 

Amortization

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

16.2

 

 

$

19,625

 

 

$

2,109

 

 

$

17,516

 

Customer lists

 

 

8.3

 

 

 

58,040

 

 

 

24,884

 

 

 

33,156

 

Noncompete

 

 

0.1

 

 

 

175

 

 

 

130

 

 

 

45

 

Patent

 

 

0.3

 

 

 

783

 

 

 

754

 

 

 

29

 

Total

 

 

11.0

 

 

$

78,623

 

 

$

27,877

 

 

$

50,746

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of February 28, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

Non-amortizing Intangible Assets

 

 

November 30,

 

 

February 28,

 

 

 

2017

 

 

2017

 

Non-amortizing intangible assets

 

 

 

 

 

 

 

 

Trademarks and trade names

 

$

 

 

$

15,291

 

 

Estimated Amortization Expense

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

 

2018

 

$

5,992

 

2019

 

 

5,558

 

2020

 

 

5,476

 

2021

 

 

5,406

 

2022

 

 

5,363

 

 

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, 2016

 

$

64,537

 

Goodwill acquired

 

 

6,066

 

Goodwill impairment

 

 

 

Balance as of February 28, 2017

 

 

70,603

 

Goodwill acquired

 

 

 

Goodwill impairment

 

 

 

Balance as of November 30, 2017

 

$

70,603