Goodwill and Intangible Assets (Tables)

12 Months Ended

Feb. 29, 2024

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 February 29, 2024	(in years)		Amount		Amortization		Net
Definite-lived intangible assets
Trademarks and trade names		7.6	$	29,817	$	14,366	$	15,451
Customer lists		5.1		81,753		59,473		22,280
Non-compete		1.6		238		176		62
Technology		5.8		650		116		534
Total		6.1	$	112,458	$	74,131	$	38,327
As of February 28, 2023
Definite-lived intangible assets
Trademarks and trade names		10.1	$	28,977	$	12,294	$	16,683
Customer lists		5.4		80,733		54,020		26,713
Non-compete		2.7		210		145		65
Technology		6.7		650		23		627
Total		7.2	$	110,570	$	66,482	$	44,088

Estimated Amortization Expense

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

2025	$	7,569
2026		6,945
2027		5,856
2028		4,360
2029		3,725

Changes in Net Carrying Amount of Goodwill

Changes in the net carrying amount of goodwill for fiscal years 2024 and 2023 are as follows (in thousands):

Balance as of March 1, 2022	$	88,677
Goodwill acquired		3,142
Balance as of February 28, 2023		91,819
Goodwill acquired		2,530
Balance as of February 29, 2024	$	94,349