NOTE 5 – OTHER ASSETS

Other assets consist of the following (in thousands):

	November 30,		February 28,
	2015		2015
Deferred compensation plan assets	$	3,526	$	2,222
Investment in affiliate		1,784		-
Other		677		915
	$	5,987	$	3,137

The Company established a non-qualified deferred compensation plan in August 2013 in which certain members of management and all non-employee directors are eligible to participate. Participants may defer a portion of their compensation until retirement or a date specified by the participant in accordance with the plan. The Company is informally funding the deferred compensation plan obligations by making cash deposits to a Rabbi Trust that are invested in various equity, bond and money market mutual funds in generally the same proportion as investment elections made by the participants for their compensation deferrals. The fair values of Rabbi Trust assets and deferred compensation plan liabilities as of November 30, 2015 were $3,526,000 and $3,543,000, respectively, and are included in other assets and other non-current liabilities, respectively, in the accompanying unaudited consolidated balance sheet at that date.

In September 2015, the Company invested £1,400,000 or approximately $2,156,000 for a minority ownership interest in Smart Driver Club Limited, a technology and insurance startup company located in the United Kingdom. This investment is accounted for under the equity method. The Company's equity in the net loss of this affiliate amounted to $326,000 in the quarter ended November 30, 2015. The foreign currency translation adjustment for this equity investment was a $46,000 loss for the quarter ended November 30, 2015, which is included in the Consolidated Income Statement as a component of Other Comprehensive Income.