v3.26.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
May 31, 2026
Intangible Asset, Goodwill and Other [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, 2026

 

(in years)

 

 

Amount

 

 

Amortization

 

 

Net

 

Definite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

8.1

 

 

$

34,056

 

 

$

19,177

 

 

$

14,879

 

Customer lists

 

 

7.7

 

 

 

93,772

 

 

 

72,255

 

 

 

21,517

 

Non-compete

 

 

0.7

 

 

 

289

 

 

 

258

 

 

 

31

 

Technology

 

 

3.5

 

 

 

650

 

 

 

325

 

 

 

325

 

Total

 

 

7.8

 

 

$

128,767

 

 

$

92,015

 

 

$

36,752

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of February 28, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Definite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

8.2

 

 

$

34,056

 

 

$

18,620

 

 

$

15,436

 

Customer lists

 

 

7.7

 

 

 

93,772

 

 

 

70,763

 

 

 

23,009

 

Non-compete

 

 

0.8

 

 

 

289

 

 

 

250

 

 

 

39

 

Technology

 

 

3.8

 

 

 

650

 

 

 

302

 

 

 

348

 

Total

 

 

7.9

 

 

$

128,767

 

 

$

89,935

 

 

$

38,832

 
Estimated Amortization Expense

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

 

2027 (remaining)

 

$

5,204

 

2028

 

$

5,760

 

2029

 

$

5,119

 

2030

 

$

3,904

 

2031

 

$

3,240

 

2032

 

$

2,948

 
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, 2025

 

$

94,349

 

Goodwill acquired

 

 

12,237

 

Balance as of February 28, 2026

 

 

106,586

 

Goodwill acquired

 

 

—

 

Balance as of May 31, 2026

 

$

106,586