SEGMENT AND GEOGRAPHIC DATA (Tables)

12 Months Ended

Feb. 29, 2020

Segment Reporting [Abstract]

Summary of Segment Information

Information by business segment is as follows (in thousands):

	Year ended February 29, 2020
	Operating Segments
	Telematics Systems			Software & Subscription Services			Corporate Expenses			Total
Revenues	$	241,212		$	124,895					$	366,107
Gross profit	$	86,558		$	56,745					$	143,303
Gross margin		35.9	%		45.4	%					39.1	%
Adjusted EBITDA	$	19,682		$	21,747		$	(4,528	)	$	36,901

	Year ended February 28, 2019
	Operating Segments
	Telematics Systems			Software & Subscription Services			Corporate Expenses			Total
Revenues	$	287,370		$	76,430					$	363,800
Gross profit	$	110,542		$	37,222					$	147,764
Gross margin		38.5	%		48.7	%					40.6	%
Adjusted EBITDA	$	40,821		$	13,093		$	(5,699	)	$	48,215

	Year ended February 28, 2018
	Operating Segments
	Telematics Systems			Software & Subscription Services			Corporate Expenses			Total
Revenues	$	302,126		$	63,786					$	365,912
Gross profit	$	120,774		$	30,116					$	150,890
Gross margin		40.0	%		47.2	%					41.2	%
Adjusted EBITDA	$	48,943		$	8,233		$	(4,794	)	$	52,382

Summary of Adjusted EBITDA

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

	Year Ended February 29/28,
	2020			2019			2018
Net income (loss)	$	(79,304	)	$	18,398		$	16,617
Investment income		(4,497	)		(5,258	)		(2,256	)
Interest expense		20,096			16,726			10,280
Income tax provision (benefits)		20,454			(1,330	)		10,681
Depreciation and amortization		31,987			20,016			22,957
Stock-based compensation		12,421			11,029			9,298
Impairment loss and equity in net loss of affiliate		530			6,787			1,411
Loss on extinguishment of debt		2,408			2,033			-
Acquisition and integration related expenses		2,210			935			-
Non-recurring legal expenses, net of reversal of litigation provision		6,213			(11,020	)		10,738
Gain on LoJack battery performance legal Settlement		-			(18,333	)		(28,333	)
Restructuring		4,400			8,015			-
Impairment loss		19,143			-			-
Other		840			217			989
Adjusted EBITDA	$	36,901		$	48,215		$	52,382

Summary of Revenues by Geographic Area

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

	Year Ended February 29/28,
	2020		2019		2018
United States	$	266,413	$	268,453	$	265,613
Europe, Middle East and Africa		55,185		49,496		45,830
South America		21,235		15,134		20,699
Asia and Pacific Rim		9,166		13,958		12,873
All other		14,108		16,759		20,897
	$	366,107	$	363,800	$	365,912