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Goodwill and Intangible Assets | 9 Months Ended
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Nov. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 6. Goodwill and Intangible Assets Beginning March 1, 2017, given the general declining trend line of print sales, and its expected continuance into the foreseeable future, the Company elected to treat the recorded value of trademarks/trade names as no longer being an indefinite-lived asset. As such, as of March 1, 2017, the Company began amortizing the carrying value of these assets over their estimated remaining useful life, approximately 17 - 19 years. The amortization expense associated with this election is expected to increase the Company’s selling, general and administrative expense line by approximately $830,000 during fiscal year 2018. The carrying amount and accumulated amortization of the Company’s intangible assets at each balance sheet date are as follows (in thousands):
|  | Weighted |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Average |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Remaining |  |  | Gross |  |  |  |  |  |  |  |  |
|  | Life |  |  | Carrying |  |  | Accumulated |  |  |  |  |
As of November 30, 2017 |  | (in years) |  |  | Amount |  |  | Amortization |  |  | Net |
Amortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  | 16.2 |  |  | $ | 19,625 |  |  | $ | 2,109 |  |  | $ | 17,516 |
Customer lists |  |  | 8.3 |  |  |  | 58,040 |  |  |  | 24,884 |  |  |  | 33,156 |
Noncompete |  |  | 0.1 |  |  |  | 175 |  |  |  | 130 |  |  |  | 45 |
Patent |  |  | 0.3 |  |  |  | 783 |  |  |  | 754 |  |  |  | 29 |
Total |  |  | 11.0 |  |  | $ | 78,623 |  |  | $ | 27,877 |  |  | $ | 50,746 |
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 |
|  | November 30, |  |  | February 28, |
|  | 2017 |  |  | 2017 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |
Trademarks and trade names |  | $ | — |  |  | $ | 15,291 |
Aggregate amortization expense for the nine months ended November 30, 2017 and November 30, 2016 was $4.6 million and $3.5 million, respectively. The Company’s estimated amortization expense for the current and next four fiscal years ending in February of the stated fiscal year is as follows (in thousands):
2018 |  | $ | 5,992 |
2019 |  |  | 5,558 |
2020 |  |  | 5,476 |
2021 |  |  | 5,406 |
2022 |  |  | 5,363 |
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 November 30, 2017 |  | $ | 70,603 |
During the fiscal year ended February 28, 2017, $6.1 million was added to goodwill related to the acquisition of Independent.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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