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OTHER ASSETS
9 Months Ended
Nov. 30, 2016
Other Assets, Noncurrent Disclosure [Abstract]  
OTHER ASSETS

NOTE 6 – OTHER ASSETS

Other assets consist of the following (in thousands):

November 30, February 29,
      2016       2016
Deferred compensation plan assets $ 5,443   $ 3,370
Investment in international licensees 2,256 -
Equity investment in and loans to UK affiliate 1,407 1,167
Other 2,181 637
Investment in LoJack common stock     -   5,466
$ 11,287 $ 10,640

Included in the assets of the LoJack acquisition are investments in international licensees at the preliminary valuation of $2,256,000 consisting of a 12.5% equity interest in LoJack’s Mexican licensee of $1,541,000, a 17.5% equity interest in LoJack’s Benelux licensee of $500,000, and a 5.5% interest in LoJack’s French licensee of $215,000. The Company has not yet obtained all information required to complete the valuation of the Mexican and Benelux investments. The investment in LoJack’s French licensee, in the form of a marketable equity security, is accounted for as an available-for-sale security and is valued at the quoted closing price on its market exchange as of the reporting date.

The equity investment and loans to the Company’s UK affiliate of $1,407,000 include a 49% equity interest in and loans to Smart Driver Club Limited. The investment is accounted for under the equity method since the Company has significant influence over the investee. The Company’s equity in the net loss of this affiliate amounted to $1.0 million for the nine months ended November 30, 2016. The Company made loans aggregating $1.4 million denominated in British pounds to Smart Driver Club Limited bearing interest at an annual interest rate of 8%, with principal of £1.0 million and all unpaid interest due in 2020.

LoJack became a wholly-owned subsidiary of the Company in March 2016, at which time the investment in LoJack common stock of $5.5 million as of February 29, 2016 became part of the purchase price of the LoJack acquisition, as described in Note 2.