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GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Feb. 29, 2016

Goodwill and Intangible Assets

Summary of carrying amounts and associated accumulated amortization for all intangible assets by operating segment

GOODWILL AND INTANGIBLE ASSETS

(in thousands)

				Balances at															Balances at
		Weighted		February 28, 2015						Year Ended February 29, 2016									February 29, 2016
		Average		Gross			Cumulative									Acquisition			Gross			Cumulative
		Life		Carrying			Goodwill									and Retirement			Carrying			Goodwill			Accumulated			Net Book
Description / Life		(Years)		Amount			Impairments			Additions			Impairments			Adjustments			Amount			Impairments			Amortization			Value
Housewares:
Goodwill				$	166,132		$	-		$	-		$	-		$	-		$	166,132		$	-		$	-		$	166,132
Trademarks - indefinite					75,200			-			-			-			-			75,200			-			-			75,200
Other intangibles - finite		4.0			15,754			-			446			-			(752)			15,448			-			(12,916)			2,532
Subtotal					257,086			-			446			-			(752)			256,780			-			(12,916)			243,864
Health & Home:
Goodwill					251,758			-			32,958			-			197			284,913			-			-			284,913
Trademarks - indefinite					54,000			-			-			-			-			54,000			-			-			54,000
Licenses - finite		1.0			15,300			-			-			-			-			15,300			-			(12,750)			2,550
Licenses - indefinite					-			-			7,400			-			-			7,400			-			-			7,400
Other Intangibles - finite		6.0			113,727			-			2,848			-			-			116,575			-			(54,913)			61,662
Subtotal					434,785			-			43,206			-			197			478,188			-			(67,663)			410,525
Nutritional Supplements:
Goodwill					96,486			-			-			-			123			96,609			-			-			96,609
Brand assets - indefinite					65,500			-			20			-			-			65,520			-			-			65,520
Other intangibles - finite		5.3			43,800			-			380			-			-			44,180			-			(10,431)			33,749
Subtotal					205,786			-			400			-			123			206,309			-			(10,431)			195,878
Beauty:
Goodwill					81,841			(46,490)			-			-			-			81,841			(46,490)			-			35,351
Trademarks - indefinite					54,754			-			-			(6,000)			-			48,754			-			-			48,754
Trademarks - finite		12.6			150			-			-			-			-			150			-			(87)			63
Licenses - indefinite					10,300			-			-			-			-			10,300			-			-			10,300
Licenses - finite		6.8			13,696			-			-			-			-			13,696			-			(11,532)			2,164
Other intangibles - finite		2.2			47,876			-			-			-			(1,474)			46,402			-			(34,545)			11,857
Subtotal					208,617			(46,490)			-			(6,000)			(1,474)			201,143			(46,490)			(46,164)			108,489
Total				$	1,106,274		$	(46,490)		$	44,052		$	(6,000)		$	(1,906)		$	1,142,420		$	(46,490)		$	(137,174)		$	958,756

GOODWILL AND INTANGIBLE ASSETS

(in thousands)

				Balances at															Balances at
		Weighted		February 28, 2014						Year Ended February 28, 2015									February 28, 2015
		Average		Gross			Cumulative									Acquisition			Gross			Cumulative
		Life		Carrying			Goodwill									and Retirement			Carrying			Goodwill			Accumulated			Net Book
Description / Life		(Years)		Amount			Impairments			Additions			Impairments			Adjustments			Amount			Impairments			Amortization			Value
Housewares:
Goodwill				$	166,132		$	-		$	-		$	-		$	-		$	166,132		$	-		$	-		$	166,132
Trademarks - indefinite					75,200			-			-			-			-			75,200			-			-			75,200
Other intangibles - finite		1.7			15,693			-			244			-			(183)			15,754			-			(12,331)			3,423
Subtotal					257,025			-			244			-			(183)			257,086			-			(12,331)			244,755
Health & Home:
Goodwill					251,758			-			-			-			-			251,758			-			-			251,758
Trademarks - indefinite					54,000			-			-			-			-			54,000			-			-			54,000
Licenses - finite		2.0			15,300			-			-			-			-			15,300			-			(9,377)			5,923
Other Intangibles - finite		6.7			114,490			-			912			-			(1,675)			113,727			-			(43,848)			69,879
Subtotal					435,548			-			912			-			(1,675)			434,785			-			(53,225)			381,560
Nutritional Supplements:
Goodwill					-			-			95,308			-			1,178			96,486			-			-			96,486
Brand assets - indefinite					-			-			65,500			-			-			65,500			-			-			65,500
Other intangibles - finite		6.3			-			-			43,800			-			-			43,800			-			(4,171)			39,629
Subtotal					-			-			204,608			-			1,178			205,786			-			(4,171)			201,615
Beauty:
Goodwill					81,841			(46,490)			-			-			-			81,841			(46,490)			-			35,351
Trademarks - indefinite					63,754			-			-			(9,000)			-			54,754			-			-			54,754
Trademarks - finite		13.6			150			-			-			-			-			150			-			(82)			68
Licenses - indefinite					10,300			-			-			-			-			10,300			-			-			10,300
Licenses - finite		7.8			18,683			-			-			-			(4,987)			13,696			-			(11,216)			2,480
Other intangibles - finite		3.2			49,437			-			-			-			(1,561)			47,876			-			(30,602)			17,274
Subtotal					224,165			(46,490)			-			(9,000)			(6,548)			208,617			(46,490)			(41,900)			120,227
Total				$	916,738		$	(46,490)		$	205,764		$	(9,000)		$	(7,228)		$	1,106,274		$	(46,490)		$	(111,627)		$	948,157

Summary of amortization expense attributable to intangible assets (in thousands)

Aggregate Amortization Expense
For the fiscal years ended
February 2016		$	27,773
February 2015		$	25,328
February 2014		$	21,612

Schedule of estimated amortization expense of intangible assets (in thousands)

Estimated Amortization Expense
For the fiscal years ended
February 2017		$	26,537
February 2018		$	23,246
February 2019		$	18,631
February 2020		$	17,309
February 2021		$	14,788

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Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

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- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275

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