SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

3 Months Ended

May 31, 2019

Segment Reporting [Abstract]

Summary of Segment Information

Segment information for the three months ended May 31, 2019 and 2018 is as follows (in thousands):

	Three Months Ended May 31, 2019												Three Months Ended May 31, 2018
	Operating Segments												Operating Segments
	Telematics Systems			Software & Subscription Services			Corporate Expenses			Total			Telematics Systems			Software & Subscription Services			Corporate Expenses			Total
Revenues	$	63,559		$	25,511		$	—		$	89,070		$	76,352		$	18,536		$	—		$	94,888
Gross profit	$	25,011		$	10,400		$	—		$	35,411		$	29,509		$	8,582		$	—		$	38,091
Gross margin		39	%		41	%		0	%		40	%		39	%		46	%		0	%		40	%
Adjusted EBITDA	$	6,993		$	2,374		$	(1,798	)	$	7,569		$	10,814		$	2,922		$	(1,559	)	$	12,177

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 May 31,
	2019			2018
Net income (loss)	$	(8,693	)	$	8,511
Investment income		(2,081	)		(853	)
Interest expense		5,456			2,665
Income tax provision		(2,257	)		1,771
Depreciation		3,845			2,043
Amortization of intangible assets		3,040			2,748
Stock-based compensation		2,543			2,467
Impairment loss and equity in net loss of affiliate		530			439
Restructuring charges		—			3,383
Non-recurring legal expenses		3,807			2,114
Acquisition and integration related expenses		1,144			—
Gain on LoJack battery performance legal Settlement		—			(13,333	)
Other		235			222
Adjusted EBITDA	$	7,569		$	12,177

Summary of Revenues by Geographic Area

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

	Three Months Ended
	May 31,
	2019		2018
United States	$	63,122	$	70,417
Europe, Middle East and Africa		13,426		13,344
Latin America		3,486		4,167
Canada		2,836		1,364
Asia and Pacific Rim		2,409		3,759
All other		3,791		1,837
	$	89,070	$	94,888