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Goodwill and Intangibles (Tables)
6 Months Ended
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, 2025February 28, 2025
(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 (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 202711,602 
Fiscal 20288,936 
Fiscal 20298,908 
Fiscal 20308,609 
Fiscal 2031
7,770