Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v2.4.0.6
Intangible Assets
12 Months Ended
Feb. 28, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS
INTANGIBLE ASSETS:

The major components of intangible assets are as follows:
 
February 28, 2013
 
February 29, 2012
 
Gross
Carrying
Amount
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Net
Carrying
Amount
(in millions)
 
 
 
 
 
 
 
Amortizable intangible assets:
 
 
 
 
 
 
 
Customer relationships
$
82.9

 
$
54.7

 
$
82.8

 
$
59.1

Other
7.9

 
2.2

 
7.0

 
3.7

Total
$
90.8

 
56.9

 
$
89.8

 
62.8

 
 
 
 
 
 
 
 
Nonamortizable intangible assets:
 
 
 
 
 
 
 
Trademarks
 
 
809.1

 
 
 
798.0

Other
 
 
5.4

 
 
 
5.6

Total
 
 
814.5

 
 
 
803.6

Total intangible assets, net
 
 
$
871.4

 
 
 
$
866.4



The Company did not incur costs to renew or extend the term of acquired intangible assets during the years ended February 28, 2013, and February 29, 2012. The difference between the gross carrying amount and net carrying amount for each item presented is attributable to accumulated amortization. Amortization expense for intangible assets was $7.2 million, $5.4 million and $5.5 million for the years ended February 28, 2013, February 29, 2012, and February 28, 2011, respectively. Estimated amortization expense for each of the five succeeding fiscal years and thereafter is as follows:

(in millions)
 
2014
$
6.1

2015
$
5.1

2016
$
5.1

2017
$
4.8

2018
$
4.6

Thereafter
$
31.2