OTHER FINANCIAL INFORMATION

3 Months Ended

May 31, 2017

OTHER FINANCIAL INFORMATION [Abstract]

OTHER FINANCIAL INFORMATION

NOTE 12 – OTHER FINANCIAL INFORMATION

Supplemental Balance Sheet Information

Other current liabilities consist of the following (in thousands):

	May 31,		February 28,
	2017		2017
Warranty reserves	$	6,394	$	6,518
Litigation reserve		16,219		10,144
Other		6,924		8,296
	$	29,537	$	24,958

Other non-current liabilities consist of the following (in thousands):

	May 31,		February 28,
	2017		2017
Deferred compensation plan liability	$	5,130	$	5,825
Deferred revenue		12,250		12,257
Deferred rent		319		378
Acquisition-related contingent consideration		665		636
Other		1,218		1,133
	$	19,582	$	20,229

The acquisition-related contingent consideration is comprised of the estimated earn-out payable to the sellers of Crashboxx, which the Company acquired in 2015.

Supplemental Statement of Operations Information

Investment income consists of the following (in thousands):

	Three Months Ended
	May 31,
	2017		2016
Investment income on cash equivalents and marketable securities	$	160	$	176
Investment income on deferred compensation plan Rabbi Trust assets		122		277
Other investment income		51		-
Total investment income	$	333	$	453

Interest expense consists of the following (in thousands):

	Three Months Ended
	May 31,
	2017		2016
Interest expense on convertible senior unsecured notes:
Stated interest at 1.625% per annum	$	701	$	701
Amortization of note discount		1,610		1,507
Amortization of debt issue costs		206		192
		2,517		2,400
Other interest expense		1		24
Total interest expense	$	2,518	$	2,424

Supplemental Cash Flow Information

“Net cash provided by operating activities” includes cash payments for interest expense and income taxes as follows (in thousands):

	Three Months Ended
	May 31,
	2017		2016
Interest expense paid	$	1,440	$	1,449
Income taxes paid	$	41	$	67