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v3.25.1

Segment and Geographic Information (Tables) | 12 Months Ended
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Feb. 28, 2025
Segment Reporting [Abstract] |
Schedule of segment information | The following tables summarize reportable segment information with a reconciliation to our consolidated results for the periods presented:
| Fiscal Year Ended February 28, 2025
(in thousands) | Home & Outdoor |  |  |  |  |  | Beauty & Wellness (1)(2) |  | Total
Sales revenue, net | $ | 906,331 |  |  |  |  |  |  | $ | 1,001,334 |  |  | $ | 1,907,665 |
Less: (3) |  |  |  |  |  |  |  |  |
Cost of goods sold | 431,924 |  |  |  |  |  |  | 561,335 |  |  | 993,259 |
Operating expense (4) | 354,806 |  |  |  |  |  |  | 416,852 |  |  | 771,658 |
Operating income | $ | 119,601 |  |  |  |  |  |  | $ | 23,147 |  |  | $ | 142,748 |
Non-operating income, net |  |  |  |  |  |  |  |  | 838 |
Interest expense |  |  |  |  |  |  |  |  | 51,922 |
Income before income tax |  |  |  |  |  |  |  |  | $ | 91,664 |
| Fiscal Year Ended February 29, 2024
(in thousands) | Home & Outdoor |  |  |  |  |  | Beauty & Wellness (2) |  | Total
Sales revenue, net | $ | 916,381 |  |  |  |  |  |  | $ | 1,088,669 |  |  | $ | 2,005,050 |
Less: (3) |  |  |  |  |  |  |  |  |
Cost of goods sold | 440,737 |  |  |  |  |  |  | 615,653 |  |  | 1,056,390 |
Operating expense (4) | 332,912 |  |  |  |  |  |  | 355,159 |  |  | 688,071 |
Operating income | $ | 142,732 |  |  |  |  |  |  | $ | 117,857 |  |  | $ | 260,589 |
Non-operating income, net |  |  |  |  |  |  |  |  | 1,518 |
Interest expense |  |  |  |  |  |  |  |  | 53,065 |
Income before income tax |  |  |  |  |  |  |  |  | $ | 209,042 |
| Fiscal Year Ended February 28, 2023
(in thousands) | Home & Outdoor |  |  |  |  |  | Beauty & Wellness (2) |  | Total
Sales revenue, net | $ | 915,685 |  |  |  |  |  |  | $ | 1,156,982 |  |  | $ | 2,072,667 |
Less: (3) |  |  |  |  |  |  |  |  |
Cost of goods sold | 470,070 |  |  |  |  |  |  | 703,246 |  |  | 1,173,316 |
Operating expense (4) | 311,562 |  |  |  |  |  |  | 375,998 |  |  | 687,560 |
Operating income | $ | 134,053 |  |  |  |  |  |  | $ | 77,738 |  |  | $ | 211,791 |
Non-operating income, net |  |  |  |  |  |  |  |  | 249 |
Interest expense |  |  |  |  |  |  |  |  | 40,751 |
Income before income tax |  |  |  |  |  |  |  |  | $ | 171,289 |
(1)Fiscal 2025 includes approximately eleven weeks of operating results from Olive & June, acquired on December 16, 2024. For additional information see Note 6. (2)Fiscal 2025 and 2024 include 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. (3)These significant expense categories and amounts align with the reportable segment information that is regularly provided to the CODM. (4)Operating expense for both reportable segments includes SG&A expense and restructuring charges. Fiscal 2025 operating expense also includes asset impairment charges of $51.5 million in our Beauty & Wellness segment. See Note 11 for further information on our global restructuring plan and Note 7 for further information on the asset impairment charges. The following tables summarize reportable segment information for the periods presented:
| Fiscal Year Ended February 28, 2025
(in thousands) | Home & Outdoor |  |  |  |  |  | Beauty & Wellness (1)(2) |  | Total
Capital and intangible asset expenditures | $ | 14,275 |  |  |  |  |  |  | $ | 15,797 |  |  | $ | 30,072 |
Depreciation and amortization | 26,088 |  |  |  |  |  |  | 28,960 |  |  | 55,048 |
Non-cash share-based compensation | 10,402 |  |  |  |  |  |  | 10,974 |  |  | 21,376 |
Asset impairment charges | — |  |  |  |  |  |  | 51,455 |  |  | 51,455 |
| Fiscal Year Ended February 29, 2024
(in thousands) | Home & Outdoor |  |  |  |  |  | Beauty & Wellness (2) |  | Total
Capital and intangible asset expenditures | $ | 28,012 |  |  |  |  |  |  | $ | 8,632 |  |  | $ | 36,644 |
Depreciation and amortization | 24,595 |  |  |  |  |  |  | 26,904 |  |  | 51,499 |
Non-cash share-based compensation | 16,319 |  |  |  |  |  |  | 17,553 |  |  | 33,872 |
| Fiscal Year Ended February 28, 2023
(in thousands) | Home & Outdoor |  |  |  |  |  | Beauty & Wellness (2) |  | Total
Capital and intangible asset expenditures | $ | 159,183 |  |  |  |  |  |  | $ | 15,681 |  |  | $ | 174,864 |
Depreciation and amortization | 18,364 |  |  |  |  |  |  | 26,319 |  |  | 44,683 |
Non-cash share-based compensation | 10,751 |  |  |  |  |  |  | 16,002 |  |  | 26,753 |
(1)Fiscal 2025 includes approximately eleven weeks of operating results from Olive & June, acquired on December 16, 2024. For additional information see Note 6. (2)Fiscal 2025 and 2024 include 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.
Net sales by geographic region | 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) | 2025 |  | 2024 |  | 2023 |  |  |  |  |  |  |
U.S. | $ | 1,356,750 |  |  | 71.1 | % |  | $ | 1,478,134 |  |  | 73.7 | % |  | $ | 1,538,852 |  |  | 74.2 | % |  |  |  |  |  |  |
Canada | 82,501 |  |  | 4.3 | % |  | 82,122 |  |  | 4.1 | % |  | 108,416 |  |  | 5.2 | % |  |  |  |  |  |  |
EMEA | 294,954 |  |  | 15.5 | % |  | 284,434 |  |  | 14.2 | % |  | 268,153 |  |  | 13.0 | % |  |  |  |  |  |  |
Asia Pacific | 125,426 |  |  | 6.6 | % |  | 116,157 |  |  | 5.8 | % |  | 115,626 |  |  | 5.6 | % |  |  |  |  |  |  |
Latin America | 48,034 |  |  | 2.5 | % |  | 44,203 |  |  | 2.2 | % |  | 41,620 |  |  | 2.0 | % |  |  |  |  |  |  |
Total sales revenue, net | $ | 1,907,665 |  |  | 100.0 | % |  | $ | 2,005,050 |  |  | 100.0 | % |  | $ | 2,072,667 |  |  | 100.0 | % |  |  |  |  |  |  |
Schedule of domestic and international long-lived assets | Our U.S. and international long-lived assets were as follows:
| Fiscal Years Ended Last Day of February,
(in thousands) | 2025 |  | 2024 |  | 2023
U.S. | $ | 342,033 |  |  | $ | 344,361 |  |  | $ | 357,577 |
International | 23,059 |  |  | 28,247 |  |  | 32,967 |
Total | $ | 365,092 |  |  | $ | 372,608 |  |  | $ | 390,544 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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