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Segment and Geographic Information | 12 Months Ended
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Feb. 29, 2024
Segment Reporting [Abstract] |
Segment and Geographic Information | Note 17 - Segment and Geographic Information Segment Information We currently operate in two segments consisting of Home & Outdoor and Beauty & Wellness. The Curlsmith and Osprey brands and products were added to the Beauty & Wellness and Home & Outdoor segments, respectively, upon the completion of the acquisitions of Curlsmith and Osprey. The following tables summarize segment information for the periods presented:
| Fiscal Year Ended February 29, 2024
(in thousands) | Home & Outdoor (1) |  |  |  |  |  | Beauty & Wellness (2) |  | Total
Sales revenue, net | $ | 916,381 |  |  |  |  |  |  | $ | 1,088,669 |  |  | $ | 2,005,050 |
Restructuring charges | 5,144 |  |  |  |  |  |  | 13,568 |  |  | 18,712 |
Operating income | 142,732 |  |  |  |  |  |  | 117,857 |  |  | 260,589 |
Capital and intangible asset expenditures | 28,012 |  |  |  |  |  |  | 8,632 |  |  | 36,644 |
Depreciation and amortization | 24,595 |  |  |  |  |  |  | 26,904 |  |  | 51,499 |
| Fiscal Year Ended February 28, 2023
(in thousands) | Home & Outdoor (1) |  |  |  |  |  | Beauty & Wellness (2) |  | Total
Sales revenue, net | $ | 915,685 |  |  |  |  |  |  | $ | 1,156,982 |  |  | $ | 2,072,667 |
Restructuring charges | 8,689 |  |  |  |  |  |  | 18,673 |  |  | 27,362 |
Operating income | 134,053 |  |  |  |  |  |  | 77,738 |  |  | 211,791 |
Capital and intangible asset expenditures | 159,183 |  |  |  |  |  |  | 15,681 |  |  | 174,864 |
Depreciation and amortization | 18,364 |  |  |  |  |  |  | 26,319 |  |  | 44,683 |
| Fiscal Year Ended February 28, 2022
(in thousands) | Home & Outdoor (1) |  |  |  |  |  | Beauty & Wellness |  | Total
Sales revenue, net | $ | 865,844 |  |  |  |  |  |  | $ | 1,357,511 |  |  | $ | 2,223,355 |
Restructuring charges | 369 |  |  |  |  |  |  | 11 |  |  | 380 |
Operating income | 134,925 |  |  |  |  |  |  | 137,625 |  |  | 272,550 |
Capital and intangible asset expenditures | 67,732 |  |  |  |  |  |  | 10,307 |  |  | 78,039 |
Depreciation and amortization | 12,112 |  |  |  |  |  |  | 23,717 |  |  | 35,829 |
(1)Fiscal 2024 and 2023 include a full year of operating results from Osprey, acquired on December 29, 2021, compared to approximately nine weeks of operating results in fiscal 2022. For additional information see Note 6. (2)Fiscal 2024 includes a full year of operating results from Curlsmith, acquired on April 22, 2022, compared to approximately forty-five weeks of operating results in fiscal 2023. For additional information see Note 6. We compute segment operating income based on net sales revenue, less cost of goods sold, SG&A, and restructuring charges. The SG&A used to compute each segment’s operating income is directly associated with the segment, plus shared services 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. Net sales are attributed to countries based on the customer's location.
| Fiscal Years Ended Last Day of February, |  |  |  |
(in thousands) | 2024 |  | 2023 |  | 2022 |  |  |  |  |  |  |
U.S. | $ | 1,478,134 |  |  | 73.7 | % |  | $ | 1,538,852 |  |  | 74.2 | % |  | $ | 1,738,099 |  |  | 78.2 | % |  |  |  |  |  |  |
Canada | 82,122 |  |  | 4.1 | % |  | 108,416 |  |  | 5.2 | % |  | 101,617 |  |  | 4.6 | % |  |  |  |  |  |  |
EMEA | 284,434 |  |  | 14.2 | % |  | 268,153 |  |  | 13.0 | % |  | 214,583 |  |  | 9.6 | % |  |  |  |  |  |  |
Asia Pacific | 116,157 |  |  | 5.8 | % |  | 115,626 |  |  | 5.6 | % |  | 109,750 |  |  | 4.9 | % |  |  |  |  |  |  |
Latin America | 44,203 |  |  | 2.2 | % |  | 41,620 |  |  | 2.0 | % |  | 59,306 |  |  | 2.7 | % |  |  |  |  |  |  |
Total sales revenue, net | $ | 2,005,050 |  |  | 100.0 | % |  | $ | 2,072,667 |  |  | 100.0 | % |  | $ | 2,223,355 |  |  | 100.0 | % |  |  |  |  |  |  |
Worldwide sales to our largest customer, Amazon.com Inc., accounted for approximately 21%, 17% and 19% of our consolidated net sales revenue in fiscal 2024, 2023 and 2022, respectively. Sales to our second largest customer, Target Corporation, accounted for approximately 10% in both fiscal 2024 and 2023 and 11% in fiscal 2022 of our consolidated net sales revenue. Sales to our third largest customer, Walmart, Inc., including its worldwide affiliates, accounted for approximately 9%, 10% and 11% of our consolidated net sales revenue in fiscal 2024, 2023, and 2022, respectively. Sales to these largest customers include sales across both of our business segments. 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 47%, 43% and 49% of our consolidated net sales revenue in fiscal 2024, 2023 and 2022, respectively. Our U.S. and international long-lived assets were as follows:
| Fiscal Years Ended Last Day of February,
(in thousands) | 2024 |  | 2023 |  | 2022
U.S. | $ | 344,361 |  |  | $ | 357,577 |  |  | $ | 213,505 |
International | 28,247 |  |  | 32,967 |  |  | 29,632 |
Total | $ | 372,608 |  |  | $ | 390,544 |  |  | $ | 243,137 |
The table above classifies assets based upon the country where they are physically located. 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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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