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Goodwill and Intangible Assets (Tables)

9 Months Ended

Nov. 30, 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:

			November 30, 2020																								February 29, 2020
(in thousands)			Gross Carrying Amount						Cumulative Goodwill Impairments						Accumulated Amortization						Net Book Value						Gross Carrying Amount						Cumulative Goodwill Impairments (1)						Accumulated Amortization (2)						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			43,063						—						(23,011)						20,052						42,095						—						(21,469)						20,626
Subtotal			459,319						—						(23,011)						436,308						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						—						(16,015)						1,035						17,050						—						(15,752)						1,298
Licenses - indefinite			7,400						—						—						7,400						7,400						—						—						7,400
Other intangibles - finite			118,446						—						(105,293)						13,153						118,223						—						(98,142)						20,081
Subtotal			481,809						—						(121,308)						360,501						481,586						—						(113,894)						367,692
Beauty:
Goodwill			172,932						—						—						172,932						244,925						(71,993)						—						172,932
Trademarks - finite			30,151						—						(1,827)						28,324						33,392						—						(3,564)						29,828
Licenses - finite			13,697						—						(13,037)						660						13,697						—						(12,800)						897
Other intangibles - finite			33,035						—						(3,242)						29,793						79,171						—						(46,549)						32,622
Subtotal			249,815						—						(18,106)						231,709						371,185						(71,993)						(62,913)						236,279
Total			$	1,190,943					$	—					$	(162,425)					$	1,028,518					$	1,311,122					$	(71,993)					$	(198,276)					$	1,040,853

(1)The cumulative goodwill impairment of approximately $72.0 million in the Beauty segment is related to goodwill associated with the Personal Care business, which was reclassified to assets held for sale.

(2)Includes the retirement and reclassification of accumulated amortization of $49.4 million related to assets associated with the Personal Care business, which were reclassified to assets held for sale.

Summary of amortization expense attributable to intangible assets

The following tables summarize 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						Nine Months Ended
November 30, 2020						$	4,501					$	13,527
November 30, 2019						4,790						13,129

Schedule of estimated amortization expense of intangible assets

Estimated Amortization Expense (in thousands)
Fiscal 2021			$	16,751
Fiscal 2022			10,361
Fiscal 2023			10,287
Fiscal 2024			9,902
Fiscal 2025			9,281
Fiscal 2026			7,252

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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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