GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Feb. 29, 2016

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

NOTE 6 – GOODWILL AND OTHER INTANGIBLE ASSETS

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

	Year Ended February 28,
	2016		2015
Balance at beginning of year	$	15,483	$	15,422
Crashboxx acquisition		1,025		-
Purchase price allocation adjustments		-		61
Balance at end of year	$	16,508	$	15,483

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

		Gross									Accumulated Amortization									Net
	Amortization	February 28,							February 28,		February 28,							February 28,		February 28,
	Period	2015		Additions		Retirements			2016		2015		Expense		Retirements			2016		2016		2015
Supply contract	5 years	$	2,220	$	-	$	-		$	2,220	$	1,247	$	432	$	-		$	1,679	$	541	$	973
Developed technology	2-7 years		16,151		930		(3,001	)		14,080		7,126		2,302		(3,001	)		6,427		7,653		9,025
Tradename	7 years		2,130		13		-			2,143		1,217		305		-			1,522		621		913
Customer lists	5-7 years		19,438		-		(1,138	)		18,300		7,949		3,547		(1,138	)		10,358		7,942		11,489
Covenants not to compete	5 years		262		-		(92	)		170		187		33		(92	)		128		42		75
Patents	5 years		176		97		-			273		55		7		-			62		211		121
		$	40,377	$	1,040	$	(4,231	)	$	37,186	$	17,781	$	6,626	$	(4,231	)	$	20,176	$	17,010	$	22,596

Amortization expense of intangible assets was $6,626,000, $6,590,000 and $6,283,000 in fiscal years 2016, 2015 and 2014, respectively. All intangible asset amortization expense is attributable to the Wireless DataCom segment. Estimated amortization expense in future fiscal years is as follows (in thousands):

Fiscal Year
2017	$	6,689
2018		6,235
2019		2,890
2020		882
2021		174
Thereafter		140
	$	17,010

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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