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Goodwill and Intangible Assets (Tables)

12 Months Ended

Feb. 29, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

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

The following tables summarize the changes in our goodwill and intangible assets by segment for fiscal 2020 and 2019:

			Balances at February 28, 2019							Year Ended February 29, 2020													Balances at February 29, 2020
(in thousands)	Weighted Average Life (Years)		Gross Carrying Amount			Cumulative Goodwill Impairments				Additions			Impairments			Retirement / Reclassification Adjustments			Reclassification to Held for Sale				Gross Carrying Amount			Cumulative Goodwill Impairments			Accumulated Amortization (1)			Net Book Value
Housewares:
Goodwill			$	282,056		$	—			$	—		$	—		$	—		$	—			$	282,056		$	—		$	—		$	282,056
Trademarks - indefinite			134,200			—				—			—			—			—				134,200			—			—			134,200
Other intangibles - finite	13.8		41,417			—				709			—			(31		)	—				42,095			—			(21,469		)	20,626
Subtotal			457,673			—				709			—			(31		)	—				458,351			—			(21,469		)	436,882
Health & Home:
Goodwill			284,913			—				—			—			—			—				284,913			—			—			284,913
Trademarks - indefinite			54,000			—				—			—			—			—				54,000			—			—			54,000
Licenses - finite	3.7		17,050			—				—			—			—			—				17,050			—			(15,752		)	1,298
Licenses - indefinite			7,400			—				—			—			—			—				7,400			—			—			7,400
Other Intangibles - finite	5.8		117,967			—				256			—			—			—				118,223			—			(98,142		)	20,081
Subtotal			481,330			—				256			—			—			—				481,586			—			(113,894		)	367,692
Beauty:
Goodwill			81,841			(46,490		)		172,933			(25,503		)	—			(9,849		)		244,925			(71,993		)	—			172,932
Trademarks - indefinite			30,407			—				—			—			(30,407		)	—				—			—			—			—
Trademarks - finite	14.9		150			—				30,000			(11,168		)	30,407			(15,997		)		33,392			—			(3,564		)	29,828
Licenses - indefinite			10,300			—				—			—			(10,300		)	—				—			—			—			—
Licenses - finite	2.8		13,696			—				—			(4,234		)	10,300			(6,065		)		13,697			—			(12,800		)	897
Other intangibles - finite	10.7		46,402			—				33,000			(95		)	—			(136		)		79,171			—			(46,549		)	32,622
Subtotal			182,796			(46,490		)		235,933			(41,000		)	—			(32,047		)		371,185			(71,993		)	(62,913		)	236,279
Total			$	1,121,799		$	(46,490	)		$	236,898		$	(41,000	)	$	(31	)	$	(32,047	)		$	1,311,122		$	(71,993	)	$	(198,276	)	$	1,040,853

(1) Reflects the retirement and reclassification of accumulated amortization of $49.4 million related to impaired assets and assets held for sale related to the Personal Care business in the Beauty segment.

(in thousands)	Weighted Average Life  (Years)		Balances at February 28, 2018							Year Ended February 28, 2019										Balances at February 28, 2019
			Gross Carrying Amount			Cumulative Goodwill Impairments				Additions			Impairments			Retirement Adjustments				Gross Carrying Amount			Cumulative Goodwill Impairments			Accumulated Amortization			Net Book Value
Housewares:
Goodwill			$	282,056		$	—			$	—		$	—		$	—			$	282,056		$	—		$	—		$	282,056
Trademarks - indefinite			134,200			—				—			—			—				134,200			—			—			134,200
Other intangibles - finite	14.7		40,828			—				684			—			(95		)		41,417			—			(19,398		)	22,019
Subtotal			457,084			—				684			—			(95		)		457,673			—			(19,398		)	438,275
Health & Home:
Goodwill			284,913			—				—			—			—				284,913			—			—			284,913
Trademarks - indefinite			54,000			—				—			—			—				54,000			—			—			54,000
Licenses - finite	4.7		15,300			—				1,750			—			—				17,050			—			(15,402		)	1,648
Licenses - indefinite			7,400			—				—			—			—				7,400			—			—			7,400
Other Intangibles - finite	5.5		117,586			—				381			—			—				117,967			—			(87,953		)	30,014
Subtotal			479,199			—				2,131			—			—				481,330			—			(103,355		)	377,975
Beauty:
Goodwill			81,841			(46,490		)		—			—			—				81,841			(46,490		)	—			35,351
Trademarks - indefinite			30,407			—				—			—			—				30,407			—			—			30,407
Trademarks - finite	9.6		150			—				—			—			—				150			—			(102		)	48
Licenses - indefinite			10,300			—				—			—			—				10,300			—			—			10,300
Licenses - finite	3.8		13,696			—				—			—			—				13,696			—			(12,482		)	1,214
Other intangibles - finite	4.6		46,402			—				—			—			—				46,402			—			(46,126		)	276
Subtotal			182,796			(46,490		)		—			—			—				182,796			(46,490		)	(58,710		)	77,596
Total			$	1,119,079		$	(46,490	)		$	2,815		$	—		$	(95	)		$	1,121,799		$	(46,490	)	$	(181,463	)	$	893,846

Summary of amortization expense attributable to intangible assets

The following table summarizes the amortization expense attributable to intangible assets recorded in SG&A in the consolidated statements of income for fiscal 2020, 2019 and 2018, as well as estimated amortization expense for fiscal 2021 through 2025:

Aggregate Amortization Expense (in thousands)
Fiscal 2020	$	21,271
Fiscal 2019	14,204
Fiscal 2018	18,854

Schedule of estimated amortization expense of intangible assets

Estimated Amortization Expense (in thousands)
Fiscal 2021	$	16,600
Fiscal 2022	10,276
Fiscal 2023	10,202
Fiscal 2024	9,817
Fiscal 2025	9,130

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

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