GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

May 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

NOTE 5 – GOODWILL AND OTHER INTANGIBLE ASSETS

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

		Gross						Accumulated Amortization						Effect of Foreign Currency Translation					Net
	Useful Life	Feb. 28, 2019		Addi- tions		May 31, 2019		Feb. 28, 2019		Expense		May 31, 2019		May 31, 2019			Feb. 28, 2019		May 31, 2019		Feb. 28, 2019
Developed technology	2-7 years	$	23,603		3,800	$	27,403	$	18,253	$	725	$	18,978		(65	)		—	$	8,360	$	5,350
Tradenames	10 years		40,091		1,600		41,691		12,644		969		13,613		(81	)		—		27,997		27,447
Customer lists	4-7 years		25,304		—		25,304		21,307		419		21,726		—			—		3,578		3,997
Dealer and customer relationships	7-12 years		16,850		23,700		40,550		6,908		918		7,826		(82	)		—		32,642		9,942
Patents	5 years		589		—		589		160		9		169		—			—		420		429
		$	106,437	$	29,100	$	135,537	$	59,272	$	3,040	$	62,312	$	(227	)	$	-	$	72,998	$	47,165

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. As of May 31, 2019, we determined that there was no impairment of intangible assets.

Estimated future amortization expense as of May 31, 2019 is as follows (in thousands):

2020 (remainder)	$	10,091
2021		11,493
2022		9,860
2023		9,639
2024		6,451
Thereafter		25,464
	$	72,998

Changes in goodwill are as follows (in thousands):

	Telematics Systems		Software & Subscription Services			Total
Balance as of February 28, 2019	$	51,203	$	29,602		$	80,805
Acquisition of Synovia and LoJack Mexico (Note 2)		—		22,401			22,401
Other (1)		—		(52	)		(52	)
Balance as of May 31, 2019	$	51,203	$	51,951		$	103,154

(1)

Amount represents adjustment to the preliminary Goodwill from the Tracker UK acquisition.