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Goodwill and Intangibles (Tables) | 3 Months Ended
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May 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table summarizes the changes in our goodwill by segment for the three month period ended May 31, 2025:
(in thousands) | Home & Outdoor |  | Beauty & Wellness |  | Total
Gross carrying amount as of February 28, 2025 | $ | 491,777 |  |  | $ | 729,792 |  |  | $ | 1,221,569 |
Accumulated impairment as of February 28, 2025 | — |  |  | (38,670) |  |  | (38,670) |
Net carrying amount as of February 28, 2025 | $ | 491,777 |  |  | $ | 691,122 |  |  | $ | 1,182,899 |
Acquisitions (1) | — |  |  | (4,158) |  |  | (4,158) |
Impairment charges (2) | (167,521) |  |  | (149,434) |  |  | (316,955) |
Gross carrying amount as of May 31, 2025 | $ | 491,777 |  |  | $ | 725,634 |  |  | $ | 1,217,411 |
Accumulated impairment as of May 31, 2025 | (167,521) |  |  | (188,104) |  |  | (355,625) |
Net carrying amount as of May 31, 2025 | $ | 324,256 |  |  | $ | 537,530 |  |  | $ | 861,786 |
(1)Reflects a favorable post-closing adjustment to goodwill recorded in the Beauty & Wellness segment during the first quarter of fiscal 2026 in connection with the acquisition of Olive & June on December 16, 2024. For additional information see Note 4. (2)Reflects the goodwill impairment charges of $93.3 million and $74.2 million related to our Osprey and Hydro Flask reporting units, respectively, recorded in the Home & Outdoor segment and $87.3 million, $32.4 million and $29.7 million related to our Drybar, Curlsmith and Heath & Wellness reporting units, respectively, recorded in the Beauty & Wellness segment. The remaining carrying values of the Osprey, Hydro Flask, Drybar, Curlsmith and Health & Wellness reporting units' goodwill as of May 31, 2025 were $116.4 million, $41.7 million, $47.0 million, $84.7 million and $255.1 million, respectively.
Schedule of Asset Impairment Charges | The following table summarizes the components of our other intangible assets as follows:
|  |  | May 31, 2025 |  | February 28, 2025
(in thousands) |  |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |
Trademark licenses |  |  | $ | 7,400 |  |  | $ | — |  |  | $ | 7,400 |  |  | $ | 7,400 |  |  | $ | — |  |  | $ | 7,400 |
Trade names (1) |  |  | 310,200 |  |  | — |  |  | 310,200 |  |  | 358,200 |  |  | — |  |  | 358,200 |
Definite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |
Trademark licenses (2) |  |  | 57,154 |  |  | (10,030) |  |  | 47,124 |  |  | 75,050 |  |  | (9,454) |  |  | 65,596 |
Trade names (3) |  |  | 82,688 |  |  | (15,321) |  |  | 67,367 |  |  | 89,365 |  |  | (14,030) |  |  | 75,335 |
Customer relationships and lists (4) |  |  | 148,700 |  |  | (123,303) |  |  | 24,397 |  |  | 168,201 |  |  | (120,932) |  |  | 47,269 |
Other intangibles (5) |  |  | 70,786 |  |  | (62,092) |  |  | 8,694 |  |  | 74,297 |  |  | (61,341) |  |  | 12,956 |
Total |  |  | $ | 676,928 |  |  | $ | (210,746) |  |  | $ | 466,182 |  |  | $ | 772,513 |  |  | $ | (205,757) |  |  | $ | 566,756 |
(1)Balances as of May 31, 2025 reflect total impairment charges of $48.0 million recognized during the first quarter of fiscal 2026, which includes $37.0 million, $5.0 million and $6.0 million related to our Hydro Flask, Osprey and PUR trade names, respectively. The remaining carrying values of the Hydro Flask, Osprey and PUR trade names as of May 31, 2025 were $22.0 million, $165.0 million and $48.0 million, respectively. These impairment charges for Hydro Flask and Osprey were recorded in the Home & Outdoor segment. The impairment charge for PUR was recorded in the Beauty & Wellness segment. (2)Balances as of May 31, 2025 reflect an impairment charge recorded during the first quarter of fiscal 2026 in the Beauty & Wellness segment of $19.6 million related to our Revlon trademark license. The remaining carrying value of this trademark license as of May 31, 2025 was $44.8 million. (3)Balances as of May 31, 2025 reflect total impairment charges recorded during the first quarter of fiscal 2026 in the Beauty & Wellness segment of $6.7 million, which includes $3.9 million and $2.8 million related to our Curlsmith and Drybar trade names, respectively. The remaining carrying values of the Curlsmith and Drybar trade names as of May 31, 2025 were $13.9 million and $4.0 million, respectively. (4)Balances as of May 31, 2025 reflect total impairment charges of $19.5 million recognized during the first quarter of fiscal 2026, which includes $10.7 million and $8.8 million recorded in the Beauty & Wellness and Home & Outdoor segments, respectively, related to our Drybar and Hydro Flask customer relationships, respectively, which reduced the carrying values of these assets to zero. (5)Balances as of May 31, 2025 reflect total impairment charges of $3.6 million recognized during the first quarter of fiscal 2026, which includes $2.8 million and $0.8 million recorded in the Beauty & Wellness and Home & Outdoor segments, respectively, related to Drybar and Hydro Flask other intangibles, respectively, which reduced the carrying values of these assets to zero.
Schedule of Amortization Expense Attributable to Intangible Assets | The following table summarizes amortization expense related to our other intangible assets as follows:
Estimated Amortization Expense (in thousands) |
Fiscal 2026 | $ | 16,555 |
Fiscal 2027 | 11,944 |
Fiscal 2028 | 9,277 |
Fiscal 2029 | 9,249 |
Fiscal 2030 | 8,993 |
Fiscal 2031 | 8,203 |

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