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Income Taxes (Tables) | 12 Months Ended
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Feb. 28, 2017
Income Taxes |
Schedule of components of income before taxes | COMPONENTS OF INCOME BEFORE TAXES
|  | Fiscal Years Ended the Last Day of February,
(in thousands) |  | 2017 |  | 2016 |  | 2015
U.S. |  | $ | 15,051 |  | $ | 30,874 |  | $ | 34,876
Non-U.S. |  |  | 134,838 |  |  | 88,944 |  |  | 112,338
Total |  | $ | 149,889 |  | $ | 119,818 |  | $ | 147,214
Schedule of components of income tax expense (benefit) | COMPONENTS OF INCOME TAX EXPENSE (BENEFIT)
|  | Fiscal Years Ended the Last Day of February,
(in thousands) |  | 2017 |  | 2016 |  | 2015
U.S. |  |  |  |  |  |  |  |  |
Current |  | $ | 16,744 |  | $ | 12,824 |  | $ | 18,525
Deferred |  |  | (10,230) |  |  | (1,239) |  |  | (3,014)
|  |  | 6,514 |  |  | 11,585 |  |  | 15,511
Non-U.S. |  |  |  |  |  |  |  |  |
Current |  |  | (290) |  |  | 4,919 |  |  | (645)
Deferred |  |  | 2,976 |  |  | 2,086 |  |  | 1,184
|  |  | 2,686 |  |  | 7,005 |  |  | 539
Total |  | $ | 9,200 |  | $ | 18,590 |  | $ | 16,050
Schedule of effective income tax rate reconciliation | INCOME TAX RATE RECONCILIATION
|  | Fiscal Years Ended the Last Day of February, |
|  | 2017 |  | 2016 |  | 2015 |
Effective income tax rate at the U.S. statutory rate |  |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
Impact of U.S. state income taxes |  |  | 0.3 | % |  | 0.5 | % |  | 0.6 | %
Effect of zero tax rate in Macau |  |  | (20.9) | % |  | (19.3) | % |  | (12.4) | %
Effect of statutory tax rate in Barbados |  |  | (7.6) | % |  | (6.8) | % |  | (11.7) | %
Effect of statutory tax rate in Switzerland |  |  | (3.8) | % |  | (5.7) | % |  | (2.9) | %
Effect of income from other non-U.S. operations subject to varying rates |  |  | 2.2 | % |  | 4.1 | % |  | 0.9 | %
Effect of foreign exchange fluctuations |  |  | 0.5 | % |  | 3.3 | % |  | 0.4 | %
Effect of asset impairment charges |  |  | 0.4 | % |  | 1.1 | % |  | 1.6 | %
Other Items |  |  | 0.0 | % |  | 3.3 | % |  | (0.6) | %
Effective income tax rate |  |  | 6.1 | % |  | 15.5 | % |  | 10.9 | %
Schedule of components of deferred tax assets and liabilities | COMPONENTS OF DEFERRED TAX ASSETS AND LIABILITIES
|  | Last Day of February,
(in thousands) |  | 2017 |  | 2016
Deferred tax assets, gross: |  |  |  |  |  |
Operating loss carryforwards |  | $ | 16,799 |  | $ | 15,419
Accounts receivable |  |  | 7,375 |  |  | 6,332
Inventories |  |  | 11,057 |  |  | 10,372
Accrued expenses and other |  |  | 12,007 |  |  | 10,783
Total gross deferred tax assets |  |  | 47,238 |  |  | 42,906
Valuation allowance |  |  | (17,600) |  |  | (16,223)
Deferred tax liabilities: |  |  |  |  |  |
Depreciation and amortization |  |  | (47,774) |  |  | (51,562)
Total deferred tax liabilities, net |  | $ | (18,136) |  | $ | (24,879)
Schedule of operating loss carryforwards | SUMMARY OF OPERATING LOSS CARRYFORWARDS
|  | Balances at February 28, 2017
|  | Tax Year |  | Deferred |  | Operating
|  | Expiration |  | Tax |  | Loss
(in thousands) |  | Date Range |  | Assets |  | Carryforward
U.S. state operating loss carryforward |  | 2017 - 2036 |  | $ | 458 |  | $ | 11,121
Non-U.S. operating loss carryforwards with definite carryover periods |  | 2017 - 2027 |  |  | 1,418 |  |  | 8,349
Non-U.S. operating loss carryforwards with indefinite carryover periods |  | Indefinite |  |  | 14,923 |  |  | 50,514
Subtotals |  |  |  |  | 16,799 |  | $ | 69,984
Less portion of valuation allowance established for operating loss carryforwards |  |  |  |  | (15,954) |  |  |
Total |  |  |  | $ | 845 |  |  |
Schedule of unrecognized tax benefits | UNRECOGNIZED TAX BENEFITS
|  | Fiscal Years Ended
|  | the Last Day of February,
(in thousands) |  | 2017 |  | 2016
Total unrecognized tax benefits, beginning balance |  | $ | 8,737 |  | $ | 10,295
Tax positions taken during the current period |  |  | - |  |  | -
Resolution of tax dispute |  |  | (1,381) |  |  | -
Changes in tax positions taken during a prior period |  |  | 121 |  |  | 278
Lapse in statute of limitations |  |  | (218) |  |  | (1,375)
Impact of foreign currency re-measurement |  |  | (133) |  |  | (421)
Settlements |  |  | (515) |  |  | (40)
Total unrecognized tax benefits, ending balance |  |  | 6,611 |  |  | 8,737
Less current unrecognized tax benefits |  |  | - |  |  | (536)
Noncurrent unrecognized tax benefits |  | $ | 6,611 |  | $ | 8,201
Schedule of material tax years under examination or still subject to examination by major tax jurisdictions |
Jurisdiction |  | Tax Years Under Examination |  | Open Tax Years
United Kingdom |  | - None - |  | 2016 | - | 2017
United States * |  | 2003, 2007, 2008 |  | 2003, 2007, 2008, 2014 - 2017
Switzerland |  | - None - |  | 2013 | - | 2017
Hong Kong |  | 2014 |  | 2009 | - | 2017
* Kaz, Inc. and its U.S. subsidiaries are under examination for the 2003, 2007 and 2008 tax years. In February 2016, the examination of Helen of Troy Texas Corporation and its subsidiaries for the 2011 and 2012 tax years was completed with no impact to tax expense.

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