Annual report pursuant to Section 13 and 15(d)

Intangible Assets

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Intangible Assets
 12 Months Ended
Feb. 29, 2012
Goodwill and Intangible Assets [Abstract]  
INTANGIBLE ASSETS
8. INTANGIBLE ASSETS:

The major components of intangible assets are as follows:

 

                                 
    February 29, 2012     February 28, 2011  
    Gross
Carrying
Amount 		    Net
Carrying
Amount 		    Gross
Carrying
Amount 		    Net
Carrying
Amount 		 
(in millions)                        

Amortizable intangible assets:

                                

Customer relationships

   $ 82.8     $ 59.1     $ 83.2     $ 64.1  

Other

     7.0       3.7       2.6       —    
   

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 89.8       62.8     $ 85.8       64.1  
   

 

 

            

 

 

          

Nonamortizable intangible assets:

                                

Trademarks

             798.0               816.5  

Other

             5.6               5.7  
           

 

 

            

 

 

  

Total

             803.6               822.2  
           

 

 

            

 

 

  

Total intangible assets, net

           $ 866.4             $ 886.3  
           

 

 

            

 

 

  

The Company did not incur costs to renew or extend the term of acquired intangible assets during the years ended February 29, 2012, and February 28, 2011. 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 $5.4 million, $5.5 million and $5.8 million for the years ended February 29, 2012, February 28, 2011, and February 28, 2010, respectively. Estimated amortization expense for each of the five succeeding fiscal years and thereafter is as follows:

 

         
(in millions)      

2013

   $ 6.7  

2014

   $ 5.4  

2015

   $ 5.1  

2016

   $ 5.0  

2017

   $ 4.7  

Thereafter

   $ 35.9