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Goodwill and Intangibles (Tables) | 12 Months Ended
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Feb. 28, 2026
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:
| Fiscal Years Ended Last Day of February
(in thousands) | 2026 |  | 2025
Home & Outdoor (1) | $ | 332,565 |  |  | $ | — |
Beauty & Wellness (2) | 553,296 |  |  | 51,455 |
Total | $ | 885,861 |  |  | $ | 51,455 |
(1)Asset impairment charges recognized for our Home & Outdoor segment included charges for our Hydro Flask and Osprey businesses of $184.4 million and $148.1 million, respectively, during fiscal 2026. (2)Asset impairment charges recognized for our Beauty & Wellness segment included charges for our Health & Wellness, Drybar, Curlsmith and Revlon businesses of $242.2 million, $154.5 million, $133.0 million and $23.5 million, respectively, during fiscal 2026, and a charge for our Drybar business of $51.5 million during fiscal 2025.
Schedule of Changes in Goodwill | The following table summarizes the changes in our goodwill by segment for fiscal 2026 and 2025:
(in thousands) | Home & Outdoor |  |  |  |  | Beauty & Wellness |  | Total
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 |
Acquisitions (1) | — |  |  |  |  |  | 154,839 |  |  | 154,839 |
Impairment charges (2) | — |  |  |  |  |  | (38,670) |  |  | (38,670) |
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 (3) | — |  |  |  |  |  | (4,113) |  |  | (4,113) |
Impairment charges (4) | (229,058) |  |  |  |  |  | (477,447) |  |  | (706,505) |
Gross carrying amount as of February 28, 2026 | 491,777 |  |  |  |  |  | 725,679 |  |  | 1,217,456 |
Accumulated impairment as of February 28, 2026 | (229,058) |  |  |  |  |  | (516,117) |  |  | (745,175) |
Net carrying amount as of February 28, 2026 | $ | 262,719 |  |  |  |  |  | $ | 209,562 |  |  | $ | 472,281 |
(1)Reflects the goodwill recorded in the Beauty & Wellness segment in connection with the acquisition of Olive & June on December 16, 2024. For additional information see Note 6. (2)Reflects the goodwill impairment charge of $38.7 million recorded in the Beauty & Wellness segment to reduce our Drybar’s reporting unit’s goodwill to $134.3 million as of February 28, 2025. (3)Reflects a favorable post-closing adjustment to goodwill recorded in the Beauty & Wellness segment during the first quarter of fiscal 2026, partially offset by an increase to goodwill for adjustments to a provisional current liability balance during the third quarter of fiscal 2026 in connection with the acquisition of Olive & June on December 16, 2024. For additional information see Note 6. (4)Reflects the goodwill impairment charges of $115.9 million and $113.1 million related to our Hydro Flask and Osprey reporting units, respectively, recorded in the Home & Outdoor segment and $235.2 million, $134.3 million and $107.9 million related to our Heath & Wellness, Drybar and Curlsmith reporting units, respectively, recorded in the Beauty & Wellness segment. The remaining carrying values of the Osprey, Health & Wellness and Curlsmith reporting units’ goodwill as of February 28, 2026 were $96.6 million, $49.7 million and $9.2 million, respectively. The goodwill impairment charges recognized for the Hydro Flask and Drybar reporting units reduced the carrying values of their goodwill to zero.
Schedule of Other Intangible Assets and Related Amortization | The following table summarizes the components of our other intangible assets as follows:
|  |  | February 28, 2026 (1) |  | February 28, 2025 (1)
(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 (2) |  |  | 257,200 |  |  | — |  |  | 257,200 |  |  | 358,200 |  |  | — |  |  | 358,200 |
Definite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |
Trademark licenses (3) |  |  | 45,385 |  |  | (3,757) |  |  | 41,628 |  |  | 75,050 |  |  | (9,454) |  |  | 65,596 |
Trade names (4) |  |  | 53,004 |  |  | (4,246) |  |  | 48,758 |  |  | 89,365 |  |  | (14,030) |  |  | 75,335 |
Customer relationships and lists (5) |  |  | 125,001 |  |  | (115,034) |  |  | 9,967 |  |  | 168,201 |  |  | (120,932) |  |  | 47,269 |
Other intangibles (6) |  |  | 58,355 |  |  | (50,458) |  |  | 7,897 |  |  | 74,297 |  |  | (61,341) |  |  | 12,956 |
Total |  |  | $ | 546,345 |  |  | $ | (173,495) |  |  | $ | 372,850 |  |  | $ | 772,513 |  |  | $ | (205,757) |  |  | $ | 566,756 |
(1)Balances as of February 28, 2026 and February 28, 2025 include intangible assets recorded in connection with the acquisition of Olive & June on December 16, 2024. For additional information see Note 6. (2)Balances as of February 28, 2026 reflect total impairment charges of $97.0 million, which includes $55.0 million related to our Hydro Flask trade name, $35.0 million related to our Osprey trade name and $7.0 million related to our PUR trade name. The remaining carrying values of the Osprey and PUR trade names as of February 28, 2026 were $135.0 million and $47.0 million, respectively. The impairment charges were recorded in the Home & Outdoor segment for Hydro Flask and Osprey and in the Beauty & Wellness segment for PUR. The remaining carrying value of the Hydro Flask trade name of $4.0 million was reclassified to a definite-lived trade name as of November 30, 2025 and was subsequently fully impaired during the fourth quarter of fiscal 2026 as discussed below in footnote 4 to this table. (3)Balances as of February 28, 2026 reflect total impairment charges recorded in the Beauty & Wellness segment of $23.5 million related to our Revlon trademark license. The remaining carrying value of this trademark license as of February 28, 2026 was $39.4 million. As of November 30, 2025, the remaining useful life of the Revlon trademark license was revised from approximately 35 years to 10 years, which will increase annual amortization expense by approximately $2.9 million. (4)Balances as of February 28, 2026 reflect total impairment charges of $26.1 million, which includes $15.4 million related to our Curlsmith trade name, $6.7 million related to our Drybar trade name and $3.9 million related to our Hydro Flask trade name. The Hydro Flask trade name impairment charge was recorded during the fourth quarter of fiscal 2026, as its remaining carrying value was reclassified to a definite-lived trade name as of November 30, 2025. Impairment charges recognized during fiscal 2026 on the Hydro Flask trade name prior to November 30, 2025 are discussed above in footnote 2 to this table. The remaining carrying value of the Curlsmith trade name as of February 28, 2026 was $1.9 million. The impairment charges recognized for the Drybar and Hydro Flask trade names reduced the carrying values of these assets to zero. The impairment charges were recognized in the Beauty & Wellness segment for Curlsmith and Drybar and in the Home & Outdoor segment for Hydro Flask. Balances as of February 28, 2025 reflect an impairment charge of $12.8 million to reduce the carrying value of the Drybar trade name to $7.0 million as of February 28, 2025. (5)Balances as of February 28, 2026 reflect total impairment charges of $29.2 million, which includes $10.7 million related to our Drybar customer relationship, $9.7 million related to our Curlsmith customer relationship and $8.8 million related to our Hydro Flask customer relationship. The impairment charges were recorded in the Beauty & Wellness segment for Curlsmith and Drybar and in the Home & Outdoor segment for Hydro Flask. The impairment charges reduced the carrying values of these assets to zero. (6)Balances as of February 28, 2026 reflect total impairment charges of $3.6 million, 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.
Schedule 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 2026 | $ | 17,059 |
Fiscal 2025 | 18,875 |
Fiscal 2024 | 18,326 |
Schedule of Estimated Amortization Expense of Intangible Assets |
Estimated Amortization Expense (in thousands) |
Fiscal 2027 | $ | 13,102 |
Fiscal 2028 | 10,436 |
Fiscal 2029 | 10,408 |
Fiscal 2030 | 10,111 |
Fiscal 2031 | 9,281 |

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