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Segment and Geographic Information | 12 Months Ended
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Feb. 28, 2022
Segment Reporting [Abstract] |
Segment and Geographic Information | Note 18 - Segment and Geographic Information Segment Information We currently operate in three segments consisting of Home & Outdoor, Health & Wellness and Beauty. In the fourth quarter of fiscal 2022, we changed the names of two of our segments to align with the growth in certain product offerings and brands within our portfolio. Our previously named “Housewares” segment was changed to “Home & Outdoor,” and our previously named “Health & Home” segment was changed to “Health & Wellness.” There were no changes to the products or brands included within our reportable segments as part of these name changes. The Osprey brand and products were added to the Home & Outdoor segment upon the completion of the acquisition of Osprey. The following tables summarize segment information for the periods presented:
| Fiscal Year Ended February 28, 2022
(in thousands) | Home & Outdoor (1) |  | Health & Wellness |  | Beauty (2) |  | Total
Sales revenue, net | $ | 865,844 |  |  | $ | 777,080 |  |  | $ | 580,431 |  |  | $ | 2,223,355 |
Restructuring charges | 369 |  |  | — |  |  | 11 |  |  | 380 |
Operating income | 134,925 |  |  | 39,217 |  |  | 98,408 |  |  | 272,550 |
Capital and intangible asset expenditures | 67,732 |  |  | 7,688 |  |  | 2,619 |  |  | 78,039 |
Depreciation and amortization | 12,112 |  |  | 10,691 |  |  | 13,026 |  |  | 35,829 |
| Fiscal Year Ended February 28, 2021
(in thousands) | Home & Outdoor |  | Health & Wellness |  | Beauty (2) |  | Total
Sales revenue, net | $ | 727,354 |  |  | $ | 890,191 |  |  | $ | 481,254 |  |  | $ | 2,098,799 |
Asset impairment charges | — |  |  | — |  |  | 8,452 |  |  | 8,452 |
Restructuring charges | 249 |  |  | (6) |  |  | 107 |  |  | 350 |
Operating income | 122,487 |  |  | 94,103 |  |  | 64,898 |  |  | 281,488 |
Capital and intangible asset expenditures | 10,369 |  |  | 12,854 |  |  | 75,445 |  |  | 98,668 |
Depreciation and amortization | 9,333 |  |  | 15,453 |  |  | 12,932 |  |  | 37,718 |
| Fiscal Year Ended February 29, 2020
(in thousands) | Home & Outdoor |  | Health & Wellness |  | Beauty (2) |  | Total
Sales revenue, net | $ | 640,965 |  |  | $ | 685,397 |  |  | $ | 381,070 |  |  | $ | 1,707,432 |
Asset impairment charges | — |  |  | — |  |  | 41,000 |  |  | 41,000 |
Restructuring charges | 1,351 |  |  | 93 |  |  | 1,869 |  |  | 3,313 |
Operating income (loss) | 123,135 |  |  | 68,166 |  |  | (13,050) |  |  | 178,251 |
Capital and intangible asset expenditures | 10,602 |  |  | 5,853 |  |  | 1,304 |  |  | 17,759 |
Depreciation and amortization | 7,298 |  |  | 16,113 |  |  | 13,998 |  |  | 37,409 |
(1)Fiscal 2022 includes approximately nine weeks of operating results from Osprey, acquired on December 29, 2021. For additional information see Note 7 to the accompanying consolidated financial statements. (2)Fiscal 2020 includes approximately five weeks of operating results from Drybar Products, acquired on January 23, 2020, and fiscal 2022 and 2021 include a full year of operating results. For additional information see Note 7 to the accompanying consolidated financial statements. We compute segment operating income (loss) based on net sales revenue, less cost of goods sold, SG&A, restructuring charges, and any asset impairment charges associated with the segment. The SG&A used to compute each segment’s operating income is directly associated with the segment, plus shared service and corporate overhead expenses that are allocable to the segment. We do not allocate non-operating income and expense, including interest or income taxes, to operating segments. Our chief operating decision maker reviews balance sheet information at a consolidated level. Geographic Information The following table presents net sales revenue by geographic region, in U.S. Dollars:
| Fiscal Years Ended Last Day of February, |  |  |  |
(in thousands) | 2022 |  | 2021 |  | 2020 |  |  |  |  |  |  |
U.S. | $ | 1,738,099 |  |  | 78.2 | % |  | $ | 1,666,324 |  |  | 79.4 | % |  | $ | 1,357,345 |  |  | 79.5 | % |  |  |  |  |  |  |
Canada | 101,617 |  |  | 4.6 | % |  | 92,150 |  |  | 4.4 | % |  | 71,417 |  |  | 4.2 | % |  |  |  |  |  |  |
EMEA | 214,583 |  |  | 9.6 | % |  | 183,398 |  |  | 8.7 | % |  | 138,858 |  |  | 8.1 | % |  |  |  |  |  |  |
Asia Pacific | 109,750 |  |  | 4.9 | % |  | 118,000 |  |  | 5.6 | % |  | 99,378 |  |  | 5.8 | % |  |  |  |  |  |  |
Latin America | 59,306 |  |  | 2.7 | % |  | 38,927 |  |  | 1.9 | % |  | 40,434 |  |  | 2.4 | % |  |  |  |  |  |  |
Total sales revenue, net | $ | 2,223,355 |  |  | 100.0 | % |  | $ | 2,098,799 |  |  | 100.0 | % |  | $ | 1,707,432 |  |  | 100.0 | % |  |  |  |  |  |  |
Worldwide sales to our largest customer, Amazon.com Inc., accounted for approximately 19%, 20% and 18% of our consolidated net sales revenue in fiscal 2022, 2021 and 2020, respectively. Sales to our second largest customer, Walmart, Inc., including worldwide affiliates, accounted for approximately 11%, 13% and 14% of our consolidated net sales revenue in fiscal 2022, 2021 and 2020, respectively. Sales to our third largest customer, Target Corporation, accounted for approximately 11%, 11% and 9% of our consolidated net sales revenue in fiscal 2022, 2021, and 2020, respectively. No other customers accounted for 10% or more of consolidated net sales revenue during these fiscal years. Sales to our top five customers accounted for approximately 49%, 52% and 50% of our consolidated net sales revenue in fiscal 2022, 2021 and 2020, respectively. Sales to these largest customers include sales across all of our business segments. Our domestic and international long-lived assets were as follows:
| Fiscal Years Ended Last Day of February,
(in thousands) | 2022 |  | 2021 |  | 2020
U.S. | $ | 211,484 |  |  | $ | 145,798 |  |  | $ | 147,806 |
International: |  |  |  |  |
Barbados | 22,486 |  |  | 18,254 |  |  | 11,969 |
Other international | 9,167 |  |  | 5,016 |  |  | 4,977 |
Subtotal | 31,653 |  |  | 23,270 |  |  | 16,946 |
Total | $ | 243,137 |  |  | $ | 169,068 |  |  | $ | 164,752 |
The table above classifies assets based upon the country where we hold legal title. Long-lived assets included in the table above include property and equipment and operating lease assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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