XML 42 R31.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Aug. 31, 2020
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, 2020

 

(in years)

 

 

Amount

 

 

Amortization

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

12.1

 

 

$

26,161

 

 

$

6,858

 

 

$

19,303

 

Customer lists

 

 

6.9

 

 

 

73,102

 

 

 

39,943

 

 

 

33,159

 

Non-compete

 

 

1.5

 

 

 

767

 

 

 

596

 

 

 

171

 

Patent

 

 

 

 

 

783

 

 

 

783

 

 

 

 

Total

 

 

8.8

 

 

$

100,813

 

 

$

48,180

 

 

$

52,633

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of February 29, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

12.6

 

 

$

26,161

 

 

$

5,811

 

 

$

20,350

 

Customer lists

 

 

7.4

 

 

 

73,102

 

 

 

37,161

 

 

 

35,941

 

Non-compete

 

 

1.8

 

 

 

767

 

 

 

501

 

 

 

266

 

Patent

 

 

 

 

 

783

 

 

 

783

 

 

 

 

Total

 

 

9.2

 

 

$

100,813

 

 

$

44,256

 

 

$

56,557

 

Estimated Amortization Expense

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

 

2021

 

$

7,901

 

2022

 

 

7,580

 

2023

 

 

6,553

 

2024

 

 

6,516

 

2025

 

 

6,341

 

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, 2019

 

$

81,634

 

Goodwill acquired

 

 

893

 

Goodwill impairment

 

 

 

Balance as of February 29, 2020

 

 

82,527

 

Goodwill acquired

 

 

 

Goodwill impairment

 

 

 

Balance as of August 31, 2020

 

$

82,527