v3.25.1
Goodwill and Intangibles (Tables)
 12 Months Ended
Feb. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The following table summarizes the changes in our goodwill by segment for fiscal 2025 and 2024:

(in thousands)Home &
 Outdoor		Beauty &
Wellness 		Total
Gross carrying amount as of February 28, 2023
$491,777 $574,702 $1,066,479 
Accumulated impairment as of February 28, 2023
— — — 
Acquisitions (1)
— 251 251 
Gross carrying amount as of February 29, 2024
491,777 574,953 1,066,730 
Accumulated impairment as of February 29, 2024
— — — 
Net carrying amount as of February 29, 2024
$491,777 $574,953 $1,066,730 
Acquisitions (2)— 154,839 154,839 
Impairment charges (3)
— (38,670)(38,670)
Gross carrying amount as of February 28, 2025
491,777 729,792 1,221,569 
Accumulated impairment as of February 28, 2025
— (38,670)(38,670)
Net carrying amount as of February 28, 2025
$491,777 $691,122 $1,182,899 

(1)Reflects the final adjustment to goodwill recorded in the Beauty & Wellness segment in fiscal 2024 in connection with the acquisition of Curlsmith on April 22, 2022. For additional information see Note 6.

(2)Reflects the goodwill recorded in the Beauty & Wellness segment in connection with the acquisition of Olive & June on December 16, 2024. For additional information see Note 6.

(3)Reflects the goodwill impairment charge recorded in the Beauty & Wellness segment to reduce our Drybar reporting unit's goodwill to $134.3 million.
Schedule of Other Intangible Assets and Related Amortization
The following table summarizes the components of our other intangible assets as follows:

February 28, 2025 (1)(2)
February 29, 2024 (2)
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Indefinite-lived:
Trademark licenses
$7,400 $— $7,400 $7,400 $— $7,400 
Trade names
358,200 — 358,200 358,200 — 358,200 
Definite-lived:
Trademark licenses
75,050 (9,454)65,596 74,650 (7,523)67,127 
Trade names
89,365 (14,030)75,335 51,150 (10,267)40,883 
Customer relationships and lists
168,201 (120,932)47,269 160,201 (112,194)48,007 
Other intangibles
74,297 (61,341)12,956 71,977 (56,898)15,079 
Total $772,513 $(205,757)$566,756 $723,578 $(186,882)$536,696 

(1)Balances as of February 28, 2025 include intangible assets recorded in connection with the acquisition of Olive & June on December 16, 2024. For additional information see Note 6. In addition, balances as of February 28, 2025 reflect an impairment charge of $12.8 million to reduce the gross carrying amount of our Drybar trade name to a fair value of $7.0 million.

(2)Balances as of February 28, 2025 and February 29, 2024 include intangible assets recorded in connection with the acquisition of Curlsmith on April 22, 2022. For additional information see Note 6.
Schedule of Amortization Expense Attributable to Intangible Assets
The following tables summarize amortization expense related to our other intangible assets as follows:
Aggregate Amortization Expense (in thousands)
 
Fiscal 2025$18,875 
Fiscal 202418,326 
Fiscal 202318,322 
Schedule of Estimated Amortization Expense of Intangible Assets
Estimated Amortization Expense (in thousands)
 
Fiscal 2026$19,979 
Fiscal 202715,517 
Fiscal 202812,803 
Fiscal 202912,774 
Fiscal 203012,448