SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

9 Months Ended

Nov. 30, 2018

Segment Reporting [Abstract]

Summary of Segment Information

Segment information for the three and nine months ended November 30, 2018 and 2017 is as follows (in thousands):

	Three Months Ended November 30, 2018									Three Months Ended November 30, 2017
	Operating Segments									Operating Segments
	Telematics Systems		Software & Subscription Services		Corporate Expenses			Total		Telematics Systems		Software & Subscription Services		Corporate Expenses			Total
Revenues	$	68,552	$	19,943	$	—		$	88,495	$	77,775	$	15,894	$	—		$	93,669
Adjusted EBITDA	$	9,276	$	3,612	$	(1,465	)	$	11,423	$	12,668	$	2,028	$	(858	)	$	13,838

	Nine Months Ended November 30, 2018									Nine Months Ended November 30, 2017
	Operating Segments									Operating Segments
	Telematics Systems		Software & Subscription Services		Corporate Expenses			Total		Telematics Systems		Software & Subscription Services		Corporate Expenses			Total
Revenues	$	222,004	$	57,416	$	—		$	279,420	$	223,841	$	47,676	$	—		$	271,517
Adjusted EBITDA	$	31,772	$	9,907	$	(4,390	)	$	37,289	$	36,993	$	5,301	$	(2,974	)	$	39,320

Summary of Adjusted EBITDA

The adjustments to our net income (losses) prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to calculate Adjusted EBITDA are itemized below (in thousands):

	Three Months Ended November 30,							Nine Months Ended November 30,
		2018			2017			2018			2017
Net income (loss)		$	(522	)	$	11,806		$	7,135		$	21,384
Investment income			(1,398	)		(619	)		(3,258	)		(1,348	)
Interest expense			5,134			2,573			11,566			7,658
Income tax provision			(778	)		3,351			496			5,970
Depreciation			2,261			1,970			6,602			5,953
Amortization of intangible assets			2,893			3,710			8,534			11,278
Stock-based compensation			2,941			2,620			8,088			6,664
Loss on extinguishment of debt			-			—			2,033			—
Equity in net loss of affiliate			445			409			1,414			1,122
Restructuring charges			1,247			—			5,196			—
Legal expenses for LoJack battery performance issue			1,483			652			3,733			1,579
Litigation provision			633			324			1,520			6,810
Gain on LoJack battery performance legal Settlement			(2,500	)		(13,301	)		(15,833	)		(28,333	)
Other			(416	)		343			63			583
Adjusted EBITDA		$	11,423		$	13,838		$	37,289		$	39,320

Summary of Revenues by Geographic Area

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

	Three Months Ended				Nine Months Ended
	November 30,				November 30,
	2018		2017		2018		2017
United States	$	67,088	$	67,441	$	208,152	$	197,185
Europe, Middle East and Africa		10,328		11,269		37,460		33,805
South America		832		3,239		4,961		9,018
Canada		3,249		4,272		6,951		11,833
Asia and Pacific Rim		3,465		3,473		10,704		9,593
All other		3,533		3,975		11,192		10,083
	$	88,495	$	93,669	$	279,420	$	271,517