ACQUISITIONS (Tables)

6 Months Ended

Aug. 31, 2019

The following are the preliminary purchase price allocations as of August 31, 2019 for the three acquisitions (in thousands):

	Tracker UK						LoJack Mexico						Synovia
Purchase price				$	13,097					$	14,306					$	29,500
Add debt paid at closing					-						-						20,296
Less cash acquired					(66	)					(1,586	)					(905	)
Net cash paid					13,031						12,720						48,891
Less amount released from escrow					(973	)					-						-
Net consideration					12,058						12,720						48,891
Add previously held interest					-						2,021						-
Fair value of net assets and liabilities assumed:
Current assets other than cash	$	3,549					$	4,485					$	10,354
Property and equipment		1,835						4,029						24,840
Customer relationships		2,354						7,000						16,700
Trade name		2,354						-						1,600
Developed technology		1,830						-						3,800
Deferred tax assets		-						-						2,061
Other non-current assets		104						1,301						-
Current liabilities		(3,111	)					(2,361	)					(4,468	)
Due to factors		-						-						(19,692	)
Deferred revenue		(3,162	)					(4,507	)					(4,319	)
Deferred tax liability		(963	)					(1,039	)					-
Other non-current liabilities		(201	)					-						-
Total fair value of net assets acquired					4,589						8,908						30,876
Goodwill				$	7,469					$	5,833					$	18,015