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Goodwill and Intangible Assets (Tables)
6 Months Ended
Aug. 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 August 31, 2018

 

(in years)

 

 

Amount

 

 

Amortization

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

14.3

 

 

$

24,385

 

 

$

3,062

 

 

$

21,323

 

Customer lists

 

 

8.6

 

 

 

71,869

 

 

 

28,265

 

 

 

43,604

 

Noncompete

 

 

3.0

 

 

 

722

 

 

 

179

 

 

 

543

 

Patent

 

 

-

 

 

 

783

 

 

 

783

 

 

 

-

 

Total

 

 

10.4

 

 

$

97,759

 

 

$

32,289

 

 

$

65,470

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

6,745

 

2020

 

 

7,410

 

2021

 

 

7,240

 

2022

 

 

7,231

 

2023

 

 

6,334

 

 

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

 

 

10,341

 

Goodwill impairment

 

 

 

Balance as of August 31, 2018

 

$

80,944