DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Aug. 31, 2020

Summary of Impact of Immaterial Adjustments Related to the Presentation of Revenues and Cost of Revenues between Products and Services

Subsequent to the issuance of the consolidated financial statements for the year ended February 29, 2020, we concluded that the presentation of revenues and cost of revenues should be adjusted to present product and service revenues and the related cost of revenues for each separately in accordance with SEC Regulation S-X, Rule 5-03(b). Additionally, certain historical information in the notes to the condensed consolidated financial statements have been revised to reflect the impact of these corrections. We have determined that the correction of these classification errors is not material to the previously issued consolidated financial statements. The following table summarizes the impact of the immaterial adjustments.

	Three Months Ended August 31, 2019							Six Months Ended August 31, 2019
	As Reported		Adjustment			As Corrected		As Reported		Adjustment			As Corrected
Revenues:
Products	$	62,031	$	2,143		$	64,174	$	125,590	$	4,347		$	129,937
Application subscriptions and other services		31,205		(2,143	)		29,062		56,716		(4,347	)		52,369
Total revenues	$	93,236	$	-		$	93,236	$	182,306	$	-		$	182,306
Cost of revenues:
Products	$	37,721	$	562		$	38,283	$	76,269	$	1,820		$	78,089
Application subscriptions and other services		17,845		(562	)		17,283		32,956		(1,820	)		31,136
Total cost of revenues	$	55,566	$	-		$	55,566	$	109,225	$	-		$	109,225

	Three Months Ended August 31, 2019							Six Months Ended August 31, 2019
	As Reported		Adjustment			As Corrected		As Reported		Adjustment			As Corrected
Revenue by type of goods and services:
Telematics devices and accessories	$	65,891	$	(1,717	)	$	64,174	$	134,059	$	(4,122	)	$	129,937
Rental income and other services		2,036		3,714			5,750		3,983		6,197			10,180
Recurring application subscriptions		25,309		(1,997	)		23,312		44,264		(2,075	)		42,189
Total	$	93,236	$	-		$	93,236	$	182,306	$	-		$	182,306
Revenue by timing of revenue recognition:
Revenue recognized at a point in time	$	65,891	$	3,030		$	68,921	$	134,059	$	4,146		$	138,205
Revenue recognized over time		27,345		(3,030	)		24,315		48,247		(4,146	)		44,101
Total	$	93,236	$	-		$	93,236	$	182,306	$	-		$	182,306

ASU 2014-09 [Member]

Summary of Disaggregation of Revenue by Type of Goods and Services and by Timing of Revenue Recognition which Reflect the Immaterial Adjustments

We disaggregate revenue from contracts with customers into reportable segments, geography, type of goods and services and timing of revenue recognition. See Note 15 for our revenue by segment and geography. The disaggregation of revenue by type of goods and services and by timing of revenue recognition, which reflect the immaterial corrections as discussed below, was as follows (in thousands):

	Three Months Ended				Six Months Ended
	August 31,				August 31,
	2020		2019		2020		2019
Revenue by type of goods and services:
Telematics devices and accessories	$	50,943	$	64,174	$	104,049	$	129,937
Rental income and other services		5,976		5,750		8,413		10,180
Recurring application subscriptions		26,618		23,312		51,290		42,189
Total	$	83,537	$	93,236	$	163,752	$	182,306

	Three Months Ended				Six Months Ended
	August 31,				August 31,
	2020		2019		2020		2019
Revenue by timing of revenue recognition:
Revenue recognized at a point in time	$	56,647	$	68,921	$	111,874	$	138,205
Revenue recognized over time		26,890		24,315		51,878		44,101
Total	$	83,537	$	93,236	$	163,752	$	182,306