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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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May 31, 2021
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):
|  | Weighted |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Average |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Remaining |  |  | Gross |  |  |  |  |  |  |  |  |
|  | Life |  |  | Carrying |  |  | Accumulated |  |  |  |  |
As of May 31, 2021 |  | (in years) |  |  | Amount |  |  | Amortization |  |  | Net |
Amortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  | 11.7 |  |  | $ | 27,561 |  |  | $ | 8,740 |  |  | $ | 18,821 |
Customer lists |  |  | 6.6 |  |  |  | 75,877 |  |  |  | 44,226 |  |  |  | 31,651 |
Non-compete |  |  | 3.3 |  |  |  | 877 |  |  |  | 713 |  |  |  | 164 |
Patent |  |  | — |  |  |  | 783 |  |  |  | 783 |  |  |  | — |
Total |  |  | 8.5 |  |  | $ | 105,098 |  |  | $ | 54,462 |  |  | $ | 50,636 |
As of February 28, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  | 11.9 |  |  | $ | 27,561 |  |  | $ | 8,194 |  |  | $ | 19,367 |
Customer lists |  |  | 6.8 |  |  |  | 75,862 |  |  |  | 42,727 |  |  |  | 33,135 |
Non-compete |  |  | 3.1 |  |  |  | 877 |  |  |  | 667 |  |  |  | 210 |
Patent |  |  | — |  |  |  | 783 |  |  |  | 783 |  |  |  | — |
Total |  |  | 8.7 |  |  | $ | 105,083 |  |  | $ | 52,371 |  |  | $ | 52,712 |
Estimated Amortization Expense | The Company’s estimated amortization expense for the current and next four fiscal years is as follows (in thousands):
2022 |  | $ | 7,979 |
2023 |  |  | 6,933 |
2024 |  |  | 6,895 |
2025 |  |  | 6,720 |
2026 |  |  | 6,106 |
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, 2020 |  | $ | 82,527 |
Goodwill acquired |  |  | 6,120 |
Balance as of February 28, 2021 |  |  | 88,647 |
Balance as of May 31, 2021 |  | $ | 88,647 |

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