XML 21 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS
6 Months Ended
Aug. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 4 – GOODWILL AND OTHER INTANGIBLE ASSETS

Other intangible assets consist of the following (in thousands):

 

 

 

 

 

Gross

 

 

Accumulated Amortization

 

 

Net

 

 

 

Useful Life

 

Feb. 28,

2018

 

 

Additions

 

 

Other

(1)

 

 

Aug. 31, 2018

 

 

Feb. 28,

2018

 

 

Expense

 

 

Aug. 31, 2018

 

 

Aug. 31, 2018

 

 

Feb. 28,

2018

 

Developed technology

 

2-7 years

 

$

22,280

 

 

$

 

 

$

 

 

$

22,280

 

 

$

14,288

 

 

$

1,980

 

 

$

16,268

 

 

$

6,012

 

 

$

7,992

 

Tradenames

 

7-10 years

 

 

37,729

 

 

 

6

 

 

 

 

 

 

37,735

 

 

 

9,087

 

 

 

1,776

 

 

 

10,863

 

 

 

26,872

 

 

 

28,642

 

Customer lists

 

4-7 years

 

 

22,950

 

 

 

 

 

 

 

 

 

22,950

 

 

 

19,623

 

 

 

843

 

 

 

20,466

 

 

 

2,484

 

 

 

3,327

 

Dealer relationships

 

7 years

 

 

16,850

 

 

 

 

 

 

(507

)

 

 

16,343

 

 

 

4,714

 

 

 

1,024

 

 

 

5,738

 

 

 

10,605

 

 

 

12,136

 

Patents

 

5 years

 

 

483

 

 

 

71

 

 

 

 

 

 

554

 

 

 

124

 

 

 

18

 

 

 

142

 

 

 

412

 

 

 

359

 

 

 

 

 

$

100,292

 

 

$

77

 

 

$

(507

)

 

$

99,862

 

 

$

47,836

 

 

$

5,641

 

 

$

53,477

 

 

$

46,385

 

 

$

52,456

 

 

Estimated future amortization expense as of August 31, 2018 is as follows (in thousands):

 

2019 (remainder)

 

$

5,786

 

2020

 

 

9,566

 

2021

 

 

7,743

 

2022

 

 

6,110

 

2023

 

 

5,889

 

Thereafter

 

 

11,291

 

 

 

$

46,385

 

 

Changes in goodwill are as follows (in thousands):

 

 

Six Months Ended

 

 

August 31,

 

 

2018

 

 

2017

 

Balance at beginning of period

$

72,980

 

 

$

72,980

 

Other (1)

 

304

 

 

 

 

Balance at end of period

$

73,284

 

 

$

72,980

 

  

 

(1)

Amounts represent certain adjustments related to the LoJack acquisition.