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Goodwill and Intangible Assets (Tables)

12 Months Ended

Feb. 28, 2017

Goodwill and Intangible Assets

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

GOODWILL AND INTANGIBLE ASSETS

				Balances at															Balances at
		Weighted		February 29, 2016						Year Ended February 28, 2017									February 28, 2017
		Average		Gross			Cumulative									Acquisition			Gross			Cumulative
		Life		Carrying			Goodwill									and Retirement			Carrying			Goodwill			Accumulated			Net Book
(in thousands)		(Years)		Amount			Impairments			Additions			Impairments			Adjustments			Amount			Impairments			Amortization			Value
Housewares:
Goodwill				$	166,132		$	-		$	116,053		$	-		$	(129)		$	282,056		$	-		$	-		$		282,056
Trademarks - indefinite					75,200			-			59,000			-			-			134,200			-			-				134,200
Other intangibles - finite		11.6			15,448			-			25,040			-			(95)			40,393			-			(15,476)				24,917
Subtotal					256,780			-			200,093			-			(224)			456,649			-			(15,476)				441,173
Health & Home:
Goodwill					284,913			-			-			-			-			284,913			-			-				284,913
Trademarks - indefinite					54,000			-			-			-			-			54,000			-			-				54,000
Licenses - finite					15,300			-			-			-			-			15,300			-			(15,300)				-
Licenses - indefinite					7,400			-			-			-			-			7,400			-			-				7,400
Other Intangibles - finite		5.0			116,575			-			472			-			(65)			116,982			-			(66,027)				50,955
Subtotal					478,188			-			472			-			(65)			478,595			-			(81,327)				397,268
Nutritional Supplements:
Goodwill					96,609			-			-			-			-			96,609			-			-				96,609
Brand assets - indefinite					65,520			-			-			(9,500)			-			56,020			-			-				56,020
Other intangibles - finite		4.3			44,180			-			-			-			-			44,180			-			(16,715)				27,465
Subtotal					206,309			-			-			(9,500)			-			196,809			-			(16,715)				180,094
Beauty:
Goodwill					81,841			(46,490)			-			-			-			81,841			(46,490)			-				35,351
Trademarks - indefinite					48,754			-			-			(2,900)			-			45,854			-			-				45,854
Trademarks - finite		11.6			150			-			-			-			-			150			-			(92)				58
Licenses - indefinite					10,300			-			-			-			-			10,300			-			-				10,300
Licenses - finite		5.8			13,696			-			-			-			-			13,696			-			(11,849)				1,847
Other intangibles - finite		1.2			46,402			-			-			-			-			46,402			-			(39,929)				6,473
Subtotal					201,143			(46,490)			-			(2,900)			-			198,243			(46,490)			(51,870)				99,883
Total				$	1,142,420		$	(46,490)		$	200,565		$	(12,400)		$	(289)		$	1,330,296		$	(46,490)		$	(165,388)		$		1,118,418

GOODWILL AND INTANGIBLE ASSETS

				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
(in thousands)		(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

Summary of amortization expense attributable to intangible assets

Aggregate Amortization Expense (in thousands)
Fiscal 2017		$	28,308
Fiscal 2016		$	27,773
Fiscal 2015		$	25,328

Schedule of estimated amortization expense of intangible assets

Estimated Amortization Expense (in thousands)
Fiscal 2018		$	25,172
Fiscal 2019		$	20,206
Fiscal 2020		$	19,102
Fiscal 2021		$	16,532
Fiscal 2022		$	6,037

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

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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=66006027&loc=d3e16323-109275

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