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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2016
Nov. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (3,665) $ 11,434
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation expense 6,034 2,608
Intangible assets amortization expense 11,203 4,962
Stock-based compensation expense 5,669 4,211
Amortization of convertible debt issue costs and discount 5,221 3,502
Deferred tax assets, net (511) 6,595
Equity in net loss of affiliate 1,004 326
Impairment of internal use software 1,364
Changes in operating assets and liabilities:    
Accounts receivable 3,496 2,967
Inventories (1,785) 563
Prepaid expenses and other assets 1,904 210
Accounts payable (1,245) 907
Accrued liabilities (9,742) 2,025
Deferred revenue 860 (2,352)
Other (12) (87)
NET CASH PROVIDED BY OPERATING ACTIVITIES 19,795 37,871
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities 88,742 35,552
Purchases of marketable securities (25,699) (142,032)
Capital expenditures (5,818) (3,388)
Acquisition of Crashboxx (1,500)
Acquisition of LoJack, net of cash acquired (116,982)
Equity investment in and advances to affiliate (1,401) (2,156)
Other (51) (95)
NET CASH USED IN INVESTING ACTIVITIES (61,209) (113,619)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible senior notes 172,500
Payment of debt issuance costs (5,291)
Purchase of convertible note hedges (31,343)
Proceeds from issuance of warrants 15,991
Payment of acquisition-related note and contingent consideration (1,687)
Repurchases of common stock (21,923)
Taxes paid related to net share settlement of vested equity awards (1,614) (2,520)
Proceeds from exercise of stock options 834 592
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES (22,703) 148,242
EFFECT OF EXCHANGE RATE CHANGES ON CASH (124)
Net change in cash and cash equivalents (64,241) 72,494
Cash and cash equivalents at beginning of period 139,388 34,184
Cash and cash equivalents at end of period $ 75,147 $ 106,678