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Goodwill and Intangible Assets (Tables)

6 Months Ended

Aug. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

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

The following table summarizes the carrying amounts and accumulated amortization for all intangible assets by segment as of the end of the periods presented:

			August 31, 2020																																										February 29, 2020
(in thousands)			Gross Carrying Amount						Cumulative Goodwill Impairments						Accumulated Amortization						Net Book Value						Gross Carrying Amount						Cumulative Goodwill Impairments						Accumulated Amortization (1)						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			42,824						—						(22,489)						20,335						42,095						—						(21,469)						20,626
Subtotal			459,080						—						(22,489)						436,591						458,351						—						(21,469)						436,882
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						—						(15,927)						1,123						17,050						—						(15,752)						1,298
Licenses - indefinite			7,400						—						—						7,400						7,400						—						—						7,400
Other intangibles - finite			118,358						—						(102,928)						15,430						118,223						—						(98,142)						20,081
Subtotal			481,721						—						(118,855)						362,866						481,586						—						(113,894)						367,692
Beauty:
Goodwill			172,932						—						—						172,932						244,925						(71,993)						—						172,932
Trademarks - finite			30,151						—						(1,325)						28,826						33,392						—						(3,564)						29,828
Licenses - finite			13,697						—						(12,957)						740						13,697						—						(12,800)						897
Other intangibles - finite			33,035						—						(2,299)						30,736						79,171						—						(46,549)						32,622
Subtotal			249,815						—						(16,581)						233,234						371,185						(71,993)						(62,913)						236,279
Total			$	1,190,616					$	—					$	(157,925)					$	1,032,691					$	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 Personal Care in the Beauty segment.

Summary of amortization expense attributable to intangible assets

The following table summarizes the aggregate 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 2021 through 2026:

(in thousands)			Three Months Ended						Six Months Ended
August 31, 2020			$	4,552					$	9,026
August 31, 2019			4,463						8,339

Schedule of estimated amortization expense of intangible assets

Estimated Amortization Expense (in thousands)
Fiscal 2021			$	16,725
Fiscal 2022			10,319
Fiscal 2023			10,246
Fiscal 2024			9,860
Fiscal 2025			9,208
Fiscal 2026			7,211

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- Definition

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

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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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