Goodwill and Other Intangible Assets (Tables)

3 Months Ended

May 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying Amount and Accumulated Amortization of Intangible Assets

The carrying amount and accumulated amortization of the Company’s intangible assets at each balance sheet date are as follows (in thousands):


As of May 31, 2017	Weighted Average Remaining Life *(in years)*		Gross Carrying Amount		Accumulated Amortization		Net
Amortized intangible assets
Trademarks and trade names		16.8	$	18,933	$	1,516	$	17,417
Customer lists		8.7		57,347		22,532		34,815
Noncompete		0.6		175		100		75
Patent		0.8		783		688		95

Total		11.4	$	77,238	$	24,836	$	52,402


As of February 28, 2017
Amortized intangible assets
Trademarks and trade names		8.0	$	3,642	$	1,234	$	2,408
Customer lists		8.9		57,347		21,336		36,011
Noncompete		0.8		175		86		89
Patent		1.0		783		655		128

Total		8.8	$	61,947	$	23,311	$	38,636

Non-amortizing Intangible Assets


	May 31, 2017		February 28, 2017
Non-amortizing intangible assets Trademarks and trade names	$	—	$	15,291

Estimated Amortization Expense

The Company’s estimated amortization expense for the next five fiscal years ending in February of the stated fiscal year is as follows (in thousands):


2018	$	5,888
2019		5,402
2020		5,320
2021		5,250
2022		5,207

Changes in Net Carrying Amount of Goodwill

Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands):


Balance as of March 1, 2016	$	64,537
Goodwill acquired		6,066
Goodwill impairment		—

Balance as of February 28, 2017		70,603
Goodwill acquired		—
Goodwill impairment		—

Balance as of May 31, 2017	$	70,603