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GOODWILL AND OTHER INTANGIBLE ASSETS
9 Months Ended
Nov. 30, 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)

 

 

Nov. 30, 2018

 

 

Feb. 28,

2018

 

 

Expense

 

 

Nov. 30, 2018

 

 

Nov. 30, 2018

 

 

Feb. 28,

2018

 

Developed technology

 

2-7 years

 

$

22,280

 

 

$

 

 

$

 

 

$

22,280

 

 

$

14,288

 

 

$

2,971

 

 

$

17,259

 

 

$

5,021

 

 

$

7,992

 

Tradenames

 

10 years

 

 

37,729

 

 

 

6

 

 

 

 

 

 

37,735

 

 

 

9,087

 

 

 

2,665

 

 

 

11,752

 

 

 

25,983

 

 

 

28,642

 

Customer lists

 

4-7 years

 

 

22,950

 

 

 

 

 

 

 

 

 

22,950

 

 

 

19,623

 

 

 

1,261

 

 

 

20,884

 

 

 

2,066

 

 

 

3,327

 

Dealer relationships

 

7 years

 

 

16,850

 

 

 

 

 

 

(507

)

 

 

16,343

 

 

 

4,714

 

 

 

1,610

 

 

 

6,324

 

 

 

10,019

 

 

 

12,136

 

Patents

 

5 years

 

 

483

 

 

 

97

 

 

 

 

 

 

580

 

 

 

124

 

 

 

27

 

 

 

151

 

 

 

429

 

 

 

359

 

 

 

 

 

$

100,292

 

 

$

103

 

 

$

(507

)

 

$

99,888

 

 

$

47,836

 

 

$

8,534

 

 

$

56,370

 

 

$

43,518

 

 

$

52,456

 

 

Intangible assets with finite lives are amortized on a straight-line basis over the expected period to be benefited by future cash flows. We monitor and assess these assets for impairment on a periodic basis. Our assessment includes various new product lines and services which leverage the existing intangible assets as well as consideration of historical and projected revenues and cash flows compared to the original valuations. As of November 30, 2018, we determined that there was no impairment of intangible assets.

 

Estimated future amortization expense as of November 30, 2018 is as follows (in thousands):

 

2019 (remainder)

 

$

2,912

 

2020

 

 

9,639

 

2021

 

 

7,817

 

2022

 

 

6,183

 

2023

 

 

5,963

 

Thereafter

 

 

11,004

 

 

 

$

43,518

 

 

Changes in goodwill are as follows (in thousands):

 

 

Nine Months Ended

 

 

November 30,

 

 

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.