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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Feb. 28, 2025
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, 2025

 

(in years)

 

 

Amount

 

 

Amortization

 

 

Net

 

Definite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

6.9

 

 

$

30,911

 

 

$

16,544

 

 

$

14,367

 

Customer lists

 

 

4.8

 

 

 

83,303

 

 

 

64,890

 

 

 

18,413

 

Non-compete

 

 

0.8

 

 

 

261

 

 

 

212

 

 

 

49

 

Technology

 

 

4.8

 

 

 

650

 

 

 

209

 

 

 

441

 

Total

 

 

5.7

 

 

$

115,125

 

 

$

81,855

 

 

$

33,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of February 29, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Definite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

7.6

 

 

$

29,817

 

 

$

14,366

 

 

$

15,451

 

Customer lists

 

 

5.1

 

 

 

81,753

 

 

 

59,473

 

 

 

22,280

 

Non-compete

 

 

1.6

 

 

 

238

 

 

 

176

 

 

 

62

 

Technology

 

 

5.8

 

 

 

650

 

 

 

116

 

 

 

534

 

Total

 

 

6.1

 

 

$

112,458

 

 

$

74,131

 

 

$

38,327

 
Estimated Amortization Expense

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

 

2026

 

$

7,235

 

2027

 

$

6,140

 

2028

 

$

4,634

 

2029

 

$

3,999

 

2030

 

$

2,784

 
Changes in Net Carrying Amount of Goodwill

Changes in the net carrying amount of goodwill for fiscal years 2025 and 2024 are as follows (in thousands):

 

Balance as of March 1, 2023

 

$

91,819

 

Goodwill acquired

 

 

2,530

 

Balance as of February 29, 2024

 

 

94,349

 

Goodwill acquired

 

 

—

 

Balance as of February 28, 2025

 

$

94,349