GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Aug. 31, 2015

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

NOTE 4 – GOODWILL AND OTHER INTANGIBLE ASSETS

All goodwill shown in the accompanying balance sheets is associated with the Company's Wireless DataCom segment. Changes in goodwill are as follows (in thousands):

	Six Months Ended
	August 31,
	2015		2014
Balance at beginning of period	$	15,483	$	15,422
Crashboxx acquisition		1,025		-
Purchase price allocation adjustments		-		57
Balance at end of period	$	16,508	$	15,479

On April 17, 2015, the Company acquired certain intangible assets from a company doing business as Crashboxx (“Crashboxx”) for a cash payment of $1.5 million and future earn-out payments based on post-acquisition sales in the aggregate estimated fair value amount of $455,000. The Company acquired developed/core technology from Crashboxx, and paid a premium (i.e. goodwill) over the fair value of the identified assets acquired. This goodwill is primarily attributable to the benefit of the acquired proprietary automobile accident claims process automation technology. The goodwill arising from this acquisition is deductible for income tax purposes.

Other intangible assets are comprised as follows (in thousands):

		August 31, 2015						February 28, 2015
		Gross						Gross
	Amortization	Carrying		Accumulated				Carrying		Accumulated
	Period	Amount		Amortization		Net		Amount		Amortization		Net
Supply contract	5 years	$	2,220	$	1,463	$	757	$	2,220	$	1,247	$	973
Developed/core technology	2-7 years		17,081		8,265		8,816		16,151		7,126		9,025
Tradename	7 years		2,140		1,369		771		2,130		1,217		913
Customer lists	5-7 years		19,438		9,722		9,716		19,438		7,949		11,489
Covenants not to compete	5 years		262		204		58		262		187		75
Patents	5 years		236		57		179		176		55		121
		$	41,377	$	21,080	$	20,297	$	40,377	$	17,781	$	22,596

All intangible asset amortization expense was attributable to the Wireless DataCom business. Estimated future amortization expense for the fiscal years ending February 28 is as follows (in thousands):

Fiscal Year
2016 (remainder)	$	3,333
2017		6,681
2018		6,228
2019		2,882
2020		874
Thereafter		299
	$	20,297