Goodwill (Tables)

3 Months Ended

May 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents the changes in goodwill:


($ in thousands)	Amount
Balance, February 28, 2021	$	2,628,646
Business Combination purchase price adjustment (1)		407
BluJay Acquisition (2)		1,155,321
Currency translation adjustment		(27,503	)
Balance, February 28, 2022		3,756,871
BluJay Acquisition adjustment (2)		(5,455	)
Logistyx Acquisition (3)		125,896
Currency translation adjustment		(30,218	)
Balance, May 31, 2022	$	3,847,094

(1)

Consists of the post-closing adjustment of consideration and associated tax adjustments required as part of the merger transaction pursuant to Section 3.5 of the Business Combination Agreement. On July 6, 2021, we issued additional Class A Common Stock and Common Units valued at $3.0 million in total pro rata to the various parties who received consideration in February 2021 at the closing of the Business Combination in the form of shares of Class A Common Stock, Common Units and cash. Additional tax adjustments were required during the third quarter of fiscal year 2022.

(2)

Represents the goodwill acquired in the BluJay Acquisition as of September 1, 2021 and subsequent purchase price adjustments. See Note 3, Acquisitions for additional information.

(3)

Represents the goodwill acquired in the Logistyx Acquisition as of March 2, 2022. See Note 3, Acquisitions for additional information.