SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

6 Months Ended

Aug. 31, 2017

Segment Reporting [Abstract]

Summary of Segment Information

Segment information for the three and six months ended August 31, 2017 and 2016 is as follows (in thousands):

	Three Months Ended August 31, 2017									Three Months Ended August 31, 2016
	Operating Segments									Operating Segments
			Software &									Software &
	Telematics		Subscription		Corporate					Telematics		Subscription					Corporate
	Systems		Services		Expenses			Total		Systems		Services			Satellite		Expenses			Total
Revenues	$	74,070	$	15,697				$	89,767	$	68,851	$	14,956		$	6,672				$	90,479
Adjusted EBITDA	$	11,505	$	2,050	$	(1,254	)	$	12,301	$	13,484	$	(363	)	$	794	$	(1,062	)	$	12,853

	Six Months Ended August 31, 2017									Six Months Ended August 31, 2016
	Operating Segments									Operating Segments
			Software &									Software &
	Telematics		Subscription		Corporate					Telematics		Subscription				Corporate
	Systems		Services		Expenses			Total		Systems		Services		Satellite		Expenses			Total
Revenues	$	146,066	$	31,782				$	177,848	$	135,974	$	30,583	$	15,069				$	181,626
Adjusted EBITDA	$	24,325	$	3,271	$	(2,114	)	$	25,482	$	24,938	$	680	$	2,409	$	(1,445	)	$	26,582

Summary of Adjusted EBITDA

The adjustments to our results prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) are itemized below (in thousands):

	Three Months Ended						Six Months Ended
	August 31,						August 31,
	2017			2016			2017			2016
Net income (loss)	$	12,232		$	521		$	9,579		$	(2,138	)
Investment income		(396	)		(455	)		(729	)		(908	)
Interest expense		2,567			2,474			5,085			4,898
Income tax provision (benefits)		3,699			864			2,619			(255	)
Depreciation		1,958			2,211			3,983			4,032
Amortization of intangible assets		3,710			3,856			7,568			7,346
Stock-based compensation		2,227			1,621			4,044			3,605
Equity in net loss of affiliate		376			372			713			684
Acquisition and integration expenses		-			-			-			3,539
Non-cash COGS from inventory fair value write-up		-			309			-			4,319
Legal expenses for LoJack battery performance issue		430			1,080			927			1,460
Litigation provision		411			-			6,486			-
Gain on legal settlement		(15,032	)		-			(15,032	)		-
Other		119			-			239			-
Adjusted EBITDA	$	12,301		$	12,853		$	25,482		$	26,582

Summary of Revenues by Geographic Area

Revenues by geographic area are as follows (in thousands):

	Six Months Ended
	August 31,
	2017		2016
United States	$	129,744	$	136,751
Europe, Middle East and Africa		22,536		25,566
South America		5,779		5,737
Canada		7,561		4,143
Asia and Pacific Rim		6,120		3,425
All other		6,108		6,004
	$	177,848	$	181,626