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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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May 31, 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 May 31, 2023 |  | (in years) |  |  | Amount |  |  | Amortization |  |  | Net |
Definite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  | 7.4 |  |  | $ | 29,077 |  |  | $ | 12,801 |  |  | $ | 16,275 |
Customer lists |  |  | 5.5 |  |  |  | 80,933 |  |  |  | 55,375 |  |  |  | 25,557 |
Non-compete |  |  | 2.5 |  |  |  | 220 |  |  |  | 153 |  |  |  | 67 |
Technology |  |  | 6.5 |  |  |  | 650 |  |  |  | 46 |  |  |  | 604 |
Total |  |  | 6.3 |  |  | $ | 110,880 |  |  | $ | 68,375 |  |  | $ | 42,503 |
As of February 28, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Definite-lived 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 |
Estimated Amortization Expense | The Company’s estimated amortization expense for the current and next four fiscal years is as follows (in thousands):
2024 |  | $ | 7,644 |
2025 |  |  | 7,471 |
2026 |  |  | 6,850 |
2027 |  |  | 5,767 |
2028 |  |  | 4,271 |
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, 2022 |  |  | 88,677 |
Goodwill acquired |  |  | 3,142 |
Balance as of February 28, 2023 |  |  | 91,819 |
Goodwill acquired |  |  | 166 |
Balance as of May 31, 2023 |  | $ | 91,985 |

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