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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Nov. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Other Intangible Assets

Other intangible assets consist of the following (in thousands):

 

 

 

 

 

Gross (2)

 

 

Accumulated Amortization (2)

 

 

Net

 

 

 

Useful Life

 

February 28, 2023

 

 

Additions & Adjustments, net (1)

 

 

 

November 30, 2023

 

 

February 28, 2023

 

 

Expense

 

 

November 30, 2023

 

 

February 28, 2023

 

 

November 30, 2023

 

Developed technology

 

4-6 years

 

$

26,895

 

 

$

169

 

 

 

$

27,064

 

 

$

26,735

 

 

$

329

 

 

$

27,064

 

 

$

160

 

 

$

-

 

Tradenames

 

10 years

 

 

30,046

 

 

 

60

 

 

 

 

30,106

 

 

 

22,704

 

 

 

1,437

 

 

 

24,141

 

 

 

7,342

 

 

 

5,965

 

Customer relationships

 

10-15 years

 

 

35,613

 

 

 

212

 

 

 

 

35,825

 

 

 

16,813

 

 

 

1,700

 

 

 

18,513

 

 

 

18,800

 

 

 

17,312

 

Patents

 

5 years

 

 

589

 

 

 

 

 

 

 

589

 

 

 

258

 

 

 

 

 

 

258

 

 

 

331

 

 

 

331

 

 

 

 

 

$

93,143

 

 

$

441

 

 

 

$

93,584

 

 

$

66,510

 

 

$

3,466

 

 

$

69,976

 

 

$

26,633

 

 

$

23,608

 

 

(1)
Amounts also include any net changes in intangible asset balances for the periods presented that resulted from foreign currency translations.
(2)
This table excludes the gross value of fully amortized intangible assets totaling $42.8 million and $38.9 million at November 30, 2023 and February 28, 2023, respectively.
Schedule of Future Amortization Expense

Estimated future amortization expense as of November 30, 2023 is as follows (in thousands):

 

2024 (remainder)

 

$

1,124

 

2025

 

 

4,493

 

2026

 

 

4,199

 

2027

 

 

2,579

 

2028

 

 

2,332

 

Thereafter

 

 

8,881

 

 

$

23,608

 

Schedule of Goodwill

Changes in goodwill are as follows (in thousands):

 

 

Software & Subscription Services

 

 

Telematics Products

 

 

Total

 

Balance as of February 28, 2023

$

78,025

 

 

$

16,189

 

 

$

94,214

 

Impairment loss

 

(58,247

)

 

 

(16,189

)

 

 

(74,436

)

Effect of exchange rate change on goodwill

 

805

 

 

 

 

 

 

805

 

Balance as of November 30, 2023

$

20,583

 

 

$

-

 

 

$

20,583