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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Aug. 27, 2016
Goodwill and Other Intangible Assets  
Summary of the changes in the carrying amount of goodwill

 

 

 

August 27, 2016

 

 

 

Retail Pharmacy

 

Pharmacy Services

 

Total

 

Balance, February 27, 2016

 

$

76,124 

 

$

1,637,351 

 

$

1,713,475 

 

Acquisition (see Note 2. Acquisition)

 

 

 

 

 

 

 

Change in goodwill resulting from changes to the final purchase price allocation

 

 

2,004 

 

2,004 

 

 

 

 

 

 

 

 

 

Balance, August 27, 2016

 

$

76,124 

 

$

1,639,355 

 

$

1,715,479 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of the company's finite-lived and indefinite-lived intangible assets

 

 

 

August 27, 2016

 

February 27, 2016

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net

 

Remaining
Weighted
Average
Amortization
Period

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net

 

Remaining
Weighted
Average
Amortization
Period

 

Favorable leases and other

 

$

667,119

 

$

(522,417

)

$

144,702

 

7 years

 

$

665,197

 

$

(507,776

)

$

157,421

 

8 years

 

Prescription files

 

1,564,559

 

(1,338,015

)

226,544

 

3 years

 

1,541,518

 

(1,285,633

)

255,885

 

3 years

 

Customer relationships(a)

 

465,000

 

(77,085

)

387,915

 

16 years

 

465,000

 

(44,203

)

420,797

 

17 years

 

CMS license

 

57,500

 

(2,722

)

54,778

 

24 years

 

57,500

 

(1,572

)

55,928

 

25 years

 

Claims adjudication and other developed software

 

59,197

 

(9,973

)

49,224

 

6 years

 

59,000

 

(5,760

)

53,240

 

7 years

 

Trademarks

 

20,100

 

(2,379

)

17,721

 

9 years

 

20,100

 

(1,373

)

18,727

 

10 years

 

Backlog

 

11,500

 

(4,536

)

6,964

 

2 years

 

11,500

 

(2,619

)

8,881

 

3 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total finite

 

$

2,844,975

 

$

(1,957,127

)

887,848

 

 

 

$

2,819,815

 

$

(1,848,936

)

970,879

 

 

 

Trademarks

 

33,500

 

 

33,500

 

Indefinite

 

33,500

 

 

33,500

 

Indefinite

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

2,878,475

 

$

(1,957,127

)

$

921,348

 

 

 

$

2,853,315

 

$

(1,848,936

)

$

1,004,379

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

—Amortized on an accelerated basis which is determined based on the remaining useful economic lives of the customer relationships that are expected to contribute directly or indirectly to future cash flows.