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Goodwill and Intangible Assets (Tables)
3 Months Ended
May 31, 2018
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 May 31, 2018

 

(in years)

 

 

Amount

 

 

Amortization

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

15.5

 

 

$

20,558

 

 

$

2,715

 

 

$

17,843

 

Customer lists

 

 

7.9

 

 

 

58,973

 

 

 

27,136

 

 

 

31,837

 

Noncompete

 

 

4.1

 

 

 

275

 

 

 

151

 

 

 

124

 

Patent

 

 

0.2

 

 

 

783

 

 

 

782

 

 

 

1

 

Total

 

 

10.6

 

 

$

80,589

 

 

$

30,784

 

 

$

49,805

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of February 28, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

16.0

 

 

$

19,625

 

 

$

2,408

 

 

$

17,217

 

Customer lists

 

 

8.1

 

 

 

58,040

 

 

 

26,039

 

 

 

32,001

 

Noncompete

 

 

1.1

 

 

 

175

 

 

 

140

 

 

 

35

 

Patent

 

 

0.4

 

 

 

783

 

 

 

782

 

 

 

1

 

Total

 

 

10.8

 

 

$

78,623

 

 

$

29,369

 

 

$

49,254

 

 

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):

 

2019

 

$

5,730

 

2020

 

 

5,682

 

2021

 

 

5,612

 

2022

 

 

5,569

 

2023

 

 

4,781

 

 

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, 2017

 

$

70,603

 

Goodwill acquired

 

 

 

Goodwill impairment

 

 

 

Balance as of February 28, 2018

 

 

70,603

 

Goodwill acquired

 

 

 

Goodwill impairment

 

 

 

Balance as of May 31, 2018

 

$

70,603