OTHER FINANCIAL INFORMATION

6 Months Ended

Aug. 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):

	August 31,		February 28,
	2017		2017
Warranty reserves	$	6,048	$	6,518
Litigation reserve		16,831		10,144
Other		7,356		8,296
	$	30,235	$	24,958

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

	August 31,		February 28,
	2017		2017
Deferred compensation plan liability	$	5,488	$	5,825
Deferred revenue		13,998		12,257
Deferred rent		264		378
Acquisition-related contingent consideration		693		636
Other		1,323		1,133
	$	21,766	$	20,229

Supplemental Statement of Operations Information

Investment income consists of the following (in thousands):

	Three Months Ended				Six Months Ended
	August 31,				August 31,
	2017		2016		2017		2016
Investment income on cash equivalents and marketable securities	$	215	$	153	$	375	$	329
Investment income on deferred compensation plan		120		188		242		465
Dividend income		61		114		112		114
Total investment income	$	396	$	455	$	729	$	908

Interest expense consists of the following (in thousands):

	Three Months Ended				Six Months Ended
	August 31,				August 31,
	2017		2016		2017		2016
Interest expense on convertible senior unsecured notes:
Stated interest at 1.625% per annum	$	704	$	701	$	1,405	$	1,402
Amortization of note discount		1,653		1,562		3,263		3,069
Amortization of debt issue costs		210		199		416		391
		2,567		2,462		5,084		4,862
Other interest expense		-		12		1		36
Total interest expense	$	2,567	$	2,474	$	5,085	$	4,898

Supplemental Cash Flow Information

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

	Six Months Ended
	August 31,
	2017		2016
Interest expense paid	$	1,442	$	1,447
Income tax paid	$	733	$	979

The following is the supplemental schedule of non-cash investing and financing activities (in thousands):

	Six Months Ended
	August 31,
	2017		2016
Equity investment in and loan to ThinxNet (see Note 5)	$	2,674	$	-