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Goodwill and Intangible Assets | 3 Months Ended
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May 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets We perform annual impairment tests each fiscal year during the fourth quarter and interim impairment tests, if and when necessary. We did not record any impairment charges during the first quarters of fiscal 2020 or 2019. The following table summarizes the carrying amounts and accumulated amortization for all intangible assets by segment as of the end of the periods presented:
| May 31, 2019 |  | February 28, 2019
(in thousands) | Gross Carrying Amount |  | Cumulative Goodwill Impairments |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amount |  | Cumulative Goodwill Impairments |  | Accumulated Amortization |  | Net Book Value
Housewares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 282,056 |  |  | $ | — |  |  | $ | — |  |  | $ | 282,056 |  |  | $ | 282,056 |  |  | $ | — |  |  | $ | — |  |  | $ | 282,056 |
Trademarks - indefinite | 134,200 |  |  | — |  |  | — |  |  | 134,200 |  |  | 134,200 |  |  | — |  |  | — |  |  | 134,200 |
Other intangibles - finite | 41,481 |  |  | — |  |  | (19,885 | ) |  | 21,596 |  |  | 41,417 |  |  | — |  |  | (19,398 | ) |  | 22,019 |
Subtotal | 457,737 |  |  | — |  |  | (19,885 | ) |  | 437,852 |  |  | 457,673 |  |  | — |  |  | (19,398 | ) |  | 438,275 |
Health & Home: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 284,913 |  |  | — |  |  | — |  |  | 284,913 |  |  | 284,913 |  |  | — |  |  | — |  |  | 284,913 |
Trademarks - indefinite | 54,000 |  |  | — |  |  | — |  |  | 54,000 |  |  | 54,000 |  |  | — |  |  | — |  |  | 54,000 |
Licenses - finite | 17,050 |  |  | — |  |  | (15,490 | ) |  | 1,560 |  |  | 17,050 |  |  | — |  |  | (15,402 | ) |  | 1,648 |
Licenses - indefinite | 7,400 |  |  | — |  |  | — |  |  | 7,400 |  |  | 7,400 |  |  | — |  |  | — |  |  | 7,400 |
Other intangibles - finite | 117,979 |  |  | — |  |  | (90,663 | ) |  | 27,316 |  |  | 117,967 |  |  | — |  |  | (87,953 | ) |  | 30,014 |
Subtotal | 481,342 |  |  | — |  |  | (106,153 | ) |  | 375,189 |  |  | 481,330 |  |  | — |  |  | (103,355 | ) |  | 377,975 |
Beauty: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 81,841 |  |  | (46,490 | ) |  | — |  |  | 35,351 |  |  | 81,841 |  |  | (46,490 | ) |  | — |  |  | 35,351 |
Trademarks - indefinite | — |  |  | — |  |  | — |  |  | — |  |  | 30,407 |  |  | — |  |  | — |  |  | 30,407 |
Trademarks - finite | 30,557 |  |  | — |  |  | (566 | ) |  | 29,991 |  |  | 150 |  |  | — |  |  | (102 | ) |  | 48 |
Licenses - indefinite | 10,300 |  |  | — |  |  | — |  |  | 10,300 |  |  | 10,300 |  |  | — |  |  | — |  |  | 10,300 |
Licenses - finite | 13,696 |  |  | — |  |  | (12,562 | ) |  | 1,134 |  |  | 13,696 |  |  | — |  |  | (12,482 | ) |  | 1,214 |
Other intangibles - finite | 46,402 |  |  | — |  |  | (46,142 | ) |  | 260 |  |  | 46,402 |  |  | — |  |  | (46,126 | ) |  | 276 |
Subtotal | 182,796 |  |  | (46,490 | ) |  | (59,270 | ) |  | 77,036 |  |  | 182,796 |  |  | (46,490 | ) |  | (58,710 | ) |  | 77,596 |
Total | $ | 1,121,875 |  |  | $ | (46,490 | ) |  | $ | (185,308 | ) |  | $ | 890,077 |  |  | $ | 1,121,799 |  |  | $ | (46,490 | ) |  | $ | (181,463 | ) |  | $ | 893,846 |
After discontinuing the formal sale process and revising the strategic initiatives for our Personal Care business during the first quarter of fiscal year 2020, we changed trademarks related to the business with a net book value of $30.4 million from indefinite lived to finite lived assets. The amortization of these trademarks is now included in amortization expense for the three months ended May 31, 2019, and these assets are expected to be fully amortized by the end of fiscal year 2027. The following table summarizes the amortization expense attributable to intangible assets recorded in SG&A in the condensed consolidated statements of income for the periods shown below, as well as our estimated amortization expense for fiscal 2020 through 2025:
Aggregate Amortization Expense |
For the three months ended (in thousands)
May 31, 2019 | $ | 3,876 |
May 31, 2018 | 4,121 |
Estimated Amortization Expense (in thousands) |
Fiscal 2020 | $ | 17,919 |
Fiscal 2021 | 16,151 |
Fiscal 2022 | 8,550 |
Fiscal 2023 | 8,254 |
Fiscal 2024 | 7,946 |
Fiscal 2025 | 6,896 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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