XML 18 R17.htm IDEA: XBRL DOCUMENT v3.20.2
STOCKHOLDERS' EQUITY
 6 Months Ended
Aug. 31, 2020
Equity [Abstract]  
STOCKHOLDERS' EQUITY

NOTE 11 – STOCKHOLDERS’ EQUITY

 

Stock-based compensation expense is included in the following captions of the condensed consolidated statements of comprehensive loss (in thousands):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

August 31,

 

 

August 31,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of revenues

$

203

 

 

$

162

 

 

$

378

 

 

$

337

 

Research and development

 

723

 

 

 

633

 

 

 

1,369

 

 

 

1,046

 

Selling and marketing

 

760

 

 

 

982

 

 

 

1,265

 

 

 

1,651

 

General and administrative

 

1,160

 

 

 

1,406

 

 

 

2,582

 

 

 

2,692

 

Restructuring

 

-

 

 

 

-

 

 

 

875

 

 

 

-

 

 

$

2,846

 

 

$

3,183

 

 

$

6,469

 

 

$

5,726

 

 

Changes in our outstanding stock options during the six months ended August 31, 2020 were as follows (options in thousands):

 

 

Number of

Options

 

 

Weighted Average Exercise Price

 

 

Weighted average remaining contractual life (years)

 

 

Aggregate intrinsic value

 

Outstanding at February 29, 2020

 

1,071

 

 

$

14.65

 

 

 

6.2

 

 

 

 

 

Granted

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

Exercised

 

(70

)

 

 

4.03

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

(152

)

 

 

17.52

 

 

 

 

 

 

 

 

 

Outstanding at August 31, 2020

 

849

 

 

$

15.02

 

 

 

6.0

 

 

$

309

 

Exercisable at August 31, 2020

 

578

 

 

$

14.37

 

 

 

5.1

 

 

$

309

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in our outstanding restricted stock shares, performance stock units (“PSUs”) and restricted stock units (“RSUs”) during the six months ended August 31, 2020 were as follows (restricted shares, PSUs and RSUs in thousands):

 

 

Number of Restricted

Shares, PSUs

and RSUs

 

 

Weighted Average Grant Date Fair Value

 

 

Shares Retained to Cover Statutory Minimum Withholding Taxes

 

Outstanding at February 29, 2020

 

2,215

 

 

$

14.47

 

 

 

 

 

Granted

 

1,778

 

 

 

7.86

 

 

 

 

 

Vested

 

(611

)

 

 

14.97

 

 

 

199

 

Forfeited

 

(152

)

 

 

13.46

 

 

 

 

 

Outstanding at August 31, 2020

 

3,230

 

 

$

10.78

 

 

 

 

 

 

As of August 31, 2020, there was $29.5 million of total unrecognized stock-based compensation cost related to outstanding nonvested equity awards that is expected to be recognized as an expense over a weighted-average remaining vesting period of 3.7 years.