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Goodwill and Intangibles (Tables) | 6 Months Ended
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Aug. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of impaired intangible assets | Based on the outcome of these assessments, we recognized pre-tax asset impairment charges as follows:
(in thousands) | Three Months Ended August 31, 2025 |  | Six Months Ended August 31, 2025
Home & Outdoor (1) | $ | 85,537 |  |  | $ | 304,632 |
Beauty & Wellness (2) | 240,857 |  |  | 436,147 |
Total | $ | 326,394 |  |  | $ | 740,779 |
(1)Asset impairment charges recognized for our Home & Outdoor segment included charges for our Hydro Flask and Osprey businesses of $44.7 million and $40.8 million, respectively, for the three months ended August 31, 2025 and $165.5 million and $139.1 million, respectively, for the six months ended August 31, 2025. (2)Asset impairment charges recognized for our Beauty & Wellness segment included charges for our Health & Wellness, Drybar, Curlsmith and Revlon businesses of $160.9 million, $47.8 million, $28.4 million and $3.9 million, respectively, for the three months ended August 31, 2025 and $196.6 million, $151.4 million, $64.6 million and $23.5 million, respectively, for the six months ended August 31, 2025.
Schedule of goodwill | The following table summarizes the changes in our goodwill by segment for the six months ended August 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) | (229,058) |  |  | (380,533) |  |  | (609,591) |
Gross carrying amount as of August 31, 2025 | $ | 491,777 |  |  | $ | 725,634 |  |  | $ | 1,217,411 |
Accumulated impairment as of August 31, 2025 | (229,058) |  |  | (419,203) |  |  | (648,261) |
Net carrying amount as of August 31, 2025 | $ | 262,719 |  |  | $ | 306,431 |  |  | $ | 569,150 |
(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)The Home & Outdoor segment reflects goodwill impairment charges related to our Hydro Flask and Osprey reporting units of $41.7 million and $19.8 million, respectively, for the three months ended August 31, 2025 and $115.9 million and $113.1 million, respectively, for the six months ended August 31, 2025. The Beauty & Wellness segment reflects goodwill impairment charges related to our Health & Wellness, Drybar and Curlsmith reporting units of $159.9 million, $46.8 million and $24.5 million, respectively, for the three months ended August 31, 2025 and $189.6 million, $134.1 million and $56.8 million, respectively, for the six months ended August 31, 2025. The remaining carrying values of the Osprey, Health & Wellness, Drybar and Curlsmith reporting units’ goodwill as of August 31, 2025 were $96.6 million, $95.3 million, $0.2 million and $60.3 million, respectively. The goodwill impairment charges recognized for the Hydro Flask reporting unit reduced the carrying value of its goodwill to zero.
Schedule of asset impairment charges | The following table summarizes the components of our other intangible assets as follows:
|  |  | August 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) |  |  | 285,200 |  |  | — |  |  | 285,200 |  |  | 358,200 |  |  | — |  |  | 358,200 |
Definite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |
Trademark licenses (2) |  |  | 45,700 |  |  | (2,480) |  |  | 43,220 |  |  | 75,050 |  |  | (9,454) |  |  | 65,596 |
Trade names (3) |  |  | 64,150 |  |  | (2,851) |  |  | 61,299 |  |  | 89,365 |  |  | (14,030) |  |  | 75,335 |
Customer relationships and lists (4) |  |  | 137,001 |  |  | (113,534) |  |  | 23,467 |  |  | 168,201 |  |  | (120,932) |  |  | 47,269 |
Other intangibles (5) |  |  | 58,176 |  |  | (49,737) |  |  | 8,439 |  |  | 74,297 |  |  | (61,341) |  |  | 12,956 |
Total |  |  | $ | 597,627 |  |  | $ | (168,602) |  |  | $ | 429,025 |  |  | $ | 772,513 |  |  | $ | (205,757) |  |  | $ | 566,756 |
(1)Balances as of August 31, 2025 reflect total impairment charges of $25.0 million and $73.0 million recognized during the three and six months ended August 31, 2025, respectively, which include $3.0 million and $40.0 million related to our Hydro Flask trade name, respectively, $21.0 million and $26.0 million related to our Osprey trade name, respectively, and $1.0 million and $7.0 million related to our PUR trade name, respectively. The remaining carrying values of the Hydro Flask, Osprey and PUR trade names as of August 31, 2025 were $19.0 million, $144.0 million and $47.0 million, respectively. These impairment charges for Hydro Flask and Osprey were recorded in the Home & Outdoor segment. The impairment charges for PUR were recorded in the Beauty & Wellness segment. (2)Balances as of August 31, 2025 reflect impairment charges recorded during the three and six months ended August 31, 2025 in the Beauty & Wellness segment of $3.9 million and $23.5 million, respectively, related to our Revlon trademark license. The remaining carrying value of this trademark license as of August 31, 2025 was $40.7 million. (3)Balances as of August 31, 2025 reflect total impairment charges recorded during the three and six months ended August 31, 2025 in the Beauty & Wellness segment of $4.9 million and $11.6 million, respectively, which include $3.9 million and $7.8 million related to our Curlsmith trade name, respectively, and $1.0 million and $3.8 million related to our Drybar trade name, respectively. The remaining carrying values of the Curlsmith and Drybar trade names as of August 31, 2025 were $9.8 million and $2.9 million, respectively. (4)Balances as of August 31, 2025 reflect total impairment charges of $19.5 million recognized during the six months ended August 31, 2025, 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 which reduced the carrying values of these assets to zero. No impairment charges were recognized during the three months ended August 31, 2025 related to our customer relationships and lists. (5)Balances as of August 31, 2025 reflect total impairment charges of $3.6 million recognized during the six months ended August 31, 2025, 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 which reduced the carrying values of these assets to zero. No impairment charges were recognized during the three months ended August 31, 2025 related to our other intangible assets.
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 | $ | 16,412 |
Fiscal 2027 | 11,602 |
Fiscal 2028 | 8,936 |
Fiscal 2029 | 8,908 |
Fiscal 2030 | 8,609 |
Fiscal 2031 | 7,770 |

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