Goodwill and Intangible Assets (Tables)

3 Months Ended

May 31, 2022

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, 2022	(in years)		Amount		Amortization		Net
Amortized intangible assets
Trademarks and trade names		10.8	$	28,207	$	10,796	$	17,411
Customer lists		5.8		76,458		50,154		26,304
Non-compete		3.1		877		780		97
Total		7.8	$	105,542	$	61,730	$	43,812
As of February 28, 2022
Amortized intangible assets
Trademarks and trade names		11.0	$	28,207	$	10,301	$	17,906
Customer lists		6.1		76,458		48,903		27,555
Non-compete		3.3		877		769		108
Total		8.0	$	105,542	$	59,973	$	45,569

Estimated Amortization Expense

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

2023	$	7,016
2024	$	6,975
2025	$	6,802
2026	$	6,186
2027	$	5,103

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, 2021	$	88,647
Goodwill acquired		30
Balance as of February 28, 2022		88,677
Balance as of May 31, 2022	$	88,677