Goodwill and Intangible Assets (Tables)

3 Months Ended

May 31, 2021

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, 2021	(in years)		Amount		Amortization		Net
Amortized intangible assets
Trademarks and trade names		11.7	$	27,561	$	8,740	$	18,821
Customer lists		6.6		75,877		44,226		31,651
Non-compete		3.3		877		713		164
Patent		—		783		783		—
Total		8.5	$	105,098	$	54,462	$	50,636
As of February 28, 2021
Amortized intangible assets
Trademarks and trade names		11.9	$	27,561	$	8,194	$	19,367
Customer lists		6.8		75,862		42,727		33,135
Non-compete		3.1		877		667		210
Patent		—		783		783		—
Total		8.7	$	105,083	$	52,371	$	52,712

Estimated Amortization Expense

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

2022	$	7,979
2023		6,933
2024		6,895
2025		6,720
2026		6,106

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, 2020	$	82,527
Goodwill acquired		6,120
Balance as of February 28, 2021		88,647
Balance as of May 31, 2021	$	88,647