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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
May 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Other Intangible Assets

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

 

 

 

 

 

Gross

 

 

Accumulated Amortization

 

 

Net

 

 

 

Useful Life

 

Feb. 29,

2020

 

 

Additions & Adjustments, net (1)

 

 

Impair-

ment

 

 

May 31,

2020

 

 

Feb. 29,

2020

 

 

Expense

 

 

May 31,

2020

 

 

Feb. 29,

2020

 

 

May 31,

2020

 

Developed technology

 

2-7 years

 

$

27,363

 

 

 

(52

)

 

 

 

 

$

27,311

 

 

$

21,437

 

 

$

754

 

 

$

22,191

 

 

$

5,926

 

 

$

5,121

 

Tradenames

 

10 years

 

 

30,093

 

 

 

(74

)

 

 

 

 

 

30,019

 

 

 

16,303

 

 

 

529

 

 

 

16,832

 

 

 

13,790

 

 

 

13,187

 

Customer lists

 

4-7 years

 

 

25,304

 

 

 

 

 

 

 

 

 

25,304

 

 

 

22,903

 

 

 

48

 

 

 

22,951

 

 

 

2,401

 

 

 

2,353

 

Dealer and customer relationships

 

7-12 years

 

 

34,139

 

 

 

(787

)

 

 

(365

)

 

 

32,987

 

 

 

10,753

 

 

 

552

 

 

 

11,305

 

 

 

23,386

 

 

 

21,682

 

Patents

 

5 years

 

 

589

 

 

 

 

 

 

 

 

 

589

 

 

 

197

 

 

 

9

 

 

 

206

 

 

 

392

 

 

 

383

 

 

 

 

 

$

117,488

 

 

$

(913

)

 

$

(365

)

 

$

116,210

 

 

$

71,593

 

 

$

1,892

 

 

$

73,485

 

 

$

45,895

 

 

$

42,725

 

 

(1)

Amounts also include any net changes in intangible asset balances for the periods presented that resulted from foreign currency translations.

Schedule of Future Amortization Expense

Estimated future amortization expense as of May 31, 2020 is as follows (in thousands):

 

2021 (remainder)

 

$

5,522

 

2022

 

 

5,778

 

2023

 

 

5,558

 

2024

 

 

4,445

 

2025

 

 

4,322

 

Thereafter

 

 

17,101

 

 

 

$

42,725

 

Schedule of Goodwill

Changes in goodwill are as follows (in thousands):

 

 

Software & Subscription Services

 

 

Telematics Products

 

 

LoJack U.S. SVR Products

 

 

Total

 

Balance as of February 29, 2020

$

55,132

 

 

$

39,180

 

 

$

12,023

 

 

$

106,335

 

Impairment loss

 

 

 

 

 

 

 

(3,924

)

 

 

(3,924

)

Effect of exchange rate change on goodwill

 

(992

)

 

 

 

 

 

 

 

 

(992

)

Balance as of May 31, 2020

$

54,140

 

 

$

39,180

 

 

$

8,099

 

 

$

101,419