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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Feb. 28, 2023
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 February 28, 2023

 

(in years)

 

 

Amount

 

 

Amortization

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

10.1

 

 

$

28,977

 

 

$

12,294

 

 

$

16,683

 

Customer lists

 

 

5.4

 

 

 

80,733

 

 

 

54,020

 

 

 

26,713

 

Non-compete

 

 

2.7

 

 

 

210

 

 

 

145

 

 

 

65

 

Technology

 

 

6.7

 

 

 

650

 

 

 

23

 

 

 

627

 

Total

 

 

7.2

 

 

$

110,570

 

 

$

66,482

 

 

$

44,088

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of February 28, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

11.0

 

 

$

28,207

 

 

$

10,301

 

 

$

17,906

 

Customer lists

 

 

6.1

 

 

 

76,458

 

 

 

48,903

 

 

 

27,555

 

Non-compete

 

 

3.3

 

 

 

877

 

 

 

769

 

 

 

108

 

Total

 

 

8.0

 

 

$

105,542

 

 

$

59,973

 

 

$

45,569

 
Estimated Amortization Expense

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

 

2024

 

$

7,546

 

2025

 

 

7,373

 

2026

 

 

6,757

 

2027

 

 

5,674

 

2028

 

 

4,178

 
Changes in Net Carrying Amount of Goodwill

Changes in the net carrying amount of goodwill for fiscal years 2023 and 2022 are as follows (in thousands):

 

Balance as of March 1, 2021

 

$

88,647

 

Goodwill acquired

 

 

30

 

Balance as of February 28, 2022

 

 

88,677

 

Goodwill acquired

 

 

3,142

 

Balance as of February 28, 2023

 

$

91,819