INCOME TAXES (Tables)

12 Months Ended

Feb. 28, 2018

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

Our income (loss) before income taxes and equity in net loss of affiliate consists of the following (in thousands):

	Year Ended February 28,
	2018		2017			2016
Domestic	$	13,898	$	(11,910	)	$	22,461
Foreign		14,811		3,727			(120	)
Total income (loss) before income taxes and    equity in net loss of affiliate	$	28,709	$	(8,183	)	$	22,341

Components of Income Tax Benefit (Provision)

The components of income tax benefit (provision) consists of the following (in thousands):

	Year Ended February 28,
	2018			2017			2016
Current:
Federal	$	(412	)	$	-		$	(182	)
State		(694	)		(137	)		(208	)
Foreign		(2,204	)		(1,035	)		(60	)
Total current		(3,310	)		(1,172	)		(450	)
Deferred:
Federal		(6,156	)		1,712			(4,331	)
State		(1,458	)		539			209
Foreign		243			484			-
Total deferred		(7,371	)		2,735			(4,122	)
Income tax benefit (provision)	$	(10,681	)	$	1,563		$	(4,572	)

Reconciliation of Effective Income Tax Benefit (Provision)

The income tax benefit (provision) differs from the amount obtained by applying the statutory rate as follows (in thousands):

	Year Ended February 28,
	2018			2017			2016
Income tax benefit (provision) at U.S. statutory    federal rate	$	(9,400	)	$	2,864		$	(7,819	)
State income tax provision, net of federal income    tax effect		(574	)		182			(833	)
Foreign taxes		2,923			68			(102	)
Impact of tax reform		(8,955	)		-			-
Valuation allowance reductions (increases)		3,046			(1,391	)		2,541
Research and development tax credits		1,034			806			1,008
Other, net		1,245			(966	)		633
Total income tax benefit (provision)	$	(10,681	)	$	1,563		$	(4,572	)

Schedule of Net Deferred Tax Income Assets

The components of net deferred income tax assets for U.S. income tax purposes are as follows (in thousands):

	February 28,
	2018			2017
Net operating loss carryforwards	$	10,343		$	23,751
Depreciation, amortization and impairments		(11,325	)		(21,959	)
Research and development credits		14,404			12,307
Stock-based compensation		2,376			2,855
Other tax credits		2,015			3,650
Inventory reserve		292			903
Warranty reserve		429			670
Payroll and employee benefit accruals		1,941			3,012
Allowance for doubtful accounts		354			961
Other accrued liabilities		8,794			6,738
Other, net		3,710			1,203
Gross deferred tax assets		33,333			34,091
Valuation allowance		(1,752	)		(6,587	)
Net deferred tax assets	$	31,581		$	27,504