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Acquisitions (Tables)
 12 Months Ended
Feb. 28, 2022
Business Combinations [Abstract]  
Schedule of net assets recorded upon acquisition
The following table presents the preliminary net assets recorded upon acquisition of Osprey at December 29, 2021:

 (in thousands)
Assets: 
Receivables$11,758 
Inventory30,056 
Prepaid expenses and other current assets3,699 
Income taxes receivable4,197 
Property and equipment11,386 
Goodwill208,972 
Trade names - indefinite170,000 
Customer relationships - definite22,000 
Operating lease assets2,155 
Total assets464,223 
Liabilities:
Accounts payable4,487 
Accrued expenses and other current liabilities7,345 
Lease liabilities, non-current 1,719 
Deferred tax liabilities, net39,792 
Total liabilities53,343 
Net assets recorded$410,880 
The following table presents the net assets recorded upon acquisition of Drybar Products at January 23, 2020:

 (in thousands)
Assets: 
Receivables$7,710 
Inventory16,603 
Prepaid expenses and other current assets190 
Property and equipment1,472 
Goodwill172,933 
Trade names - definite30,000 
Other intangible assets - definite33,000 
Subtotal - assets261,908 
Liabilities:
Accounts payable1,948 
Accrued expenses4,099 
Subtotal - liabilities6,047 
Net assets recorded$255,861 
Schedule of supplemental pro forma impact on consolidated condensed statements of income
The impact of the acquisition of Osprey on our consolidated statements of income for fiscal 2022 is as follows:

December 29, 2021 (acquisition date) through February 28, 2022
(in thousands, except earnings per share data)
Fiscal Year Ended February 28, 2022
Sales revenue, net$24,373 
Net income696 
EPS:
Basic$0.03 
Diluted$0.03 

The following supplemental unaudited pro forma information presents our financial results as if the acquisition of Osprey had occurred on March 1, 2020. This supplemental pro forma information has been prepared for comparative purposes and would not necessarily indicate what may have occurred if the acquisition had been completed on March 1, 2020, and this information is not intended to be indicative of future results:

Fiscal Years Ended the Last Day of February,
(in thousands, except earnings per share data)20222021
Sales revenue, net$2,361,906 $2,224,196 
Net income202,507 259,311 
EPS:
Basic$8.39 $10.38 
Diluted$8.30 $10.29 
The impact of the acquisition of Drybar Products on our consolidated statements of income for fiscal 2020 is as follows:

January 23, 2020 (acquisition date) through February 29, 2020
(in thousands, except earnings per share data)
Fiscal Year Ended February 29, 2020
Sales revenue, net$6,039 
Net income1,483 
EPS:
Basic$0.06 
Diluted$0.06 

The following supplemental unaudited pro forma information presents our financial results as if the acquisition of Drybar Products had occurred on March 1, 2018. This supplemental pro forma information has been prepared for comparative purposes and would not necessarily indicate what may have occurred
as if the acquisition had been completed on March 1, 2018, and this information is not intended to be indicative of future results:

(in thousands, except earnings per share data)Fiscal Year Ended February 29, 2020
Sales revenue, net$1,773,592 
Net income162,114 
EPS:
Basic$6.45 
Diluted$6.40