Goodwill and Intangible Assets (Tables)

3 Months Ended

May 31, 2025

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, 2025	(in years)		Amount		Amortization		Net
Definite-lived intangible assets
Trademarks and trade names		6.4	$	32,421	$	17,038	$	15,383
Customer lists		7.6		93,273		66,306		26,967
Non-compete		1.0		280		224		56
Technology		4.5		650		232		418
Total		7.1	$	126,624	$	83,800	$	42,824
As of February 28, 2025
Definite-lived intangible assets
Trademarks and trade names		6.9	$	30,911	$	16,544	$	14,367
Customer lists		4.8		83,303		64,890		18,413
Non-compete		0.8		261		212		49
Technology		4.8		650		209		441
Total		5.7	$	115,125	$	81,855	$	33,270

Estimated Amortization Expense

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

2026 (remaining)	$	6,726
2027	$	7,759
2028	$	6,245
2029	$	5,609
2030	$	4,394
2031	$	3,731

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, 2024	$	94,349
Goodwill acquired		—
Balance as of February 28, 2025		94,349
Goodwill acquired		12,407
Balance as of May 31, 2025	$	106,756