v3.25.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Aug. 31, 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 August 31, 2025

 

(in years)

 

 

Amount

 

 

Amortization

 

 

Net

 

Definite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

6.2

 

 

$

32,411

 

 

$

17,549

 

 

$

14,862

 

Customer lists

 

 

7.5

 

 

 

93,133

 

 

 

67,791

 

 

 

25,342

 

Non-compete

 

 

0.9

 

 

 

280

 

 

 

234

 

 

 

46

 

Technology

 

 

4.3

 

 

 

650

 

 

 

255

 

 

 

395

 

Total

 

 

7.0

 

 

$

126,474

 

 

$

85,829

 

 

$

40,645

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of February 28, 2025

 

 

 

 

 

 

 

 

 

 

 

 

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

 
Estimated Amortization Expense

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

 

2026 (remaining)

 

$

4,697

 

2027

 

$

7,759

 

2028

 

$

6,245

 

2029

 

$

5,609

 

2030

 

$

4,394

 

2031

 

$

3,731

 
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, 2024

 

$

94,349

 

Goodwill acquired

 

 

—

 

Balance as of February 28, 2025

 

 

94,349

 

Goodwill acquired

 

 

12,557

 

Balance as of August 31, 2025

 

$

106,906