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Goodwill and Intangible Assets (Tables)
6 Months Ended
Aug. 31, 2019
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 August 31, 2019

 

(in years)

 

 

Amount

 

 

Amortization

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

12.6

 

 

$

26,281

 

 

$

4,795

 

 

$

21,486

 

Customer lists

 

 

7.8

 

 

 

73,199

 

 

 

34,336

 

 

 

38,863

 

Non-compete

 

 

2.2

 

 

 

767

 

 

 

403

 

 

 

364

 

Patent

 

 

 

 

 

783

 

 

 

783

 

 

 

 

Total

 

 

9.5

 

 

$

101,030

 

 

$

40,317

 

 

$

60,713

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of February 28, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

13.8

 

 

$

24,385

 

 

$

3,906

 

 

$

20,479

 

Customer lists

 

 

8.2

 

 

 

71,869

 

 

 

31,498

 

 

 

40,371

 

Non-compete

 

 

2.5

 

 

 

722

 

 

 

300

 

 

 

422

 

Patent

 

 

 

 

 

783

 

 

 

783

 

 

 

 

Total

 

 

10.0

 

 

$

97,759

 

 

$

36,487

 

 

$

61,272

 

Estimated Amortization Expense

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

 

2020

 

$

7,692

 

2021

 

 

7,637

 

2022

 

 

7,463

 

2023

 

 

6,614

 

2024

 

 

6,576

 

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, 2018

 

$

70,603

 

Goodwill acquired

 

 

11,031

 

Balance as of February 28, 2019

 

 

81,634

 

Goodwill acquired

 

 

1,316

 

Balance as of August 31, 2019

 

$

82,950