XML 83 R36.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Goodwill and Intangibles (Tables)
12 Months Ended
Feb. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in goodwill
The following table summarizes the changes in our goodwill by segment for fiscal 2024 and 2023:

(in thousands)Home &
 Outdoor
Beauty &
Wellness
Total
Gross carrying amount as of February 28, 2022
$491,028 $457,845 $948,873 
Accumulated impairment as of February 28, 2022
— — — 
Acquisitions (1) (2)749 116,857 117,606 
Gross carrying amount as of February 28, 2023
491,777 574,702 1,066,479 
Accumulated impairment as of February 28, 2023
— — — 
Net carrying amount as of February 28, 2023
$491,777 $574,702 $1,066,479 
Acquisitions (2) 251 251 
Gross carrying amount as of February 29, 2024
491,777 574,953 1,066,730 
Accumulated impairment as of February 29, 2024
   
Net carrying amount as of February 29, 2024
$491,777 $574,953 $1,066,730 

(1)Reflects the goodwill recorded in the Home & Outdoor segment in connection with the acquisition of Osprey on December 29, 2021. For additional information see Note 6.

(2)Reflects the goodwill recorded in the Beauty & Wellness segment in connection with the acquisition of Curlsmith on April 22, 2022. For additional information see Note 6.
Schedule of other intangible assets and related amortization
The following table summarizes the components of our other intangible assets as follows:

February 29, 2024 (1)
February 28, 2023 (1)
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Indefinite-lived:
Trademark licenses
$7,400 $ $7,400 $7,400 $— $7,400 
Trade names
358,200  358,200 358,200 — 358,200 
Definite-lived:
Trademark licenses
74,650 (7,523)67,127 74,250 (5,429)68,821 
Trade names
51,150 (10,267)40,883 51,150 (7,212)43,938 
Customer relationships and lists
160,201 (112,194)48,007 160,201 (103,653)56,548 
Other intangibles
71,977 (56,898)15,079 71,256 (52,280)18,976 
Total $723,578 $(186,882)$536,696 $722,457 $(168,574)$553,883 

(1)Balances as of February 29, 2024 and February 28, 2023 include intangible assets recorded in connection with the acquisitions of Curlsmith and Osprey on April 22, 2022, and December 29, 2021, respectively. For additional information see Note 6.
Summary of amortization expense attributable to intangible assets
The following tables summarize amortization expense related to our other intangible assets as follows:
Aggregate Amortization Expense (in thousands)
 
Fiscal 2024$18,326 
Fiscal 202318,322 
Fiscal 202212,764 
Schedule of estimated amortization expense of intangible assets
Estimated Amortization Expense (in thousands)
 
Fiscal 2025$17,850 
Fiscal 202616,044 
Fiscal 202711,580 
Fiscal 20288,835 
Fiscal 20298,799