COMPREHENSIVE INCOME (LOSS)

3 Months Ended

May 31, 2019

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

COMPREHENSIVE INCOME (LOSS)

NOTE 13 – COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) consists of two components, net income (loss) and Other Comprehensive Income (Loss) (“OCI”). OCI refers to revenue, expenses, and gains and losses that under GAAP are recorded as an element of stockholders’ equity but are excluded from net income. Our OCI consists of currency translation adjustments from our foreign subsidiaries that do not use the U.S. dollar as their functional currency and unrealized gains and losses on equity investments.

The following table shows the changes in Accumulated Other Comprehensive Income (Loss) for the three months ended May 31, 2019 (in thousands):

	Cumulative Foreign Currency Translation
Balances at February 28, 2019	$	(661	)
Other comprehensive loss, net of tax		(269	)
Balances at May 31, 2019	$	(930	)