SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

6 Months Ended

Aug. 31, 2020

Segment Reporting [Abstract]

Summary of Segment Information

Segment information is as follows (in thousands):

	Three Months Ended August 31, 2020															Three Months Ended August 31, 2019
	Reportable Segments															Reportable Segments
	Software & Subscription Services			Telematics Products			LoJack U.S. SVR Products			Corporate Expenses			Total			Software & Subscription Services			Telematics Products			LoJack U.S. SVR Products			Corporate Expenses			Total
Revenues	$	33,696		$	40,732		$	9,109					$	83,537		$	31,205		$	48,934		$	13,097					$	93,236
Gross profit	$	16,502		$	10,961		$	3,347					$	30,810		$	13,360		$	18,184		$	6,126					$	37,670
Gross margin		49	%		27	%		37	%					37	%		43	%		37	%		47	%					40	%
Adjusted EBITDA	$	7,573		$	(1,476	)	$	227		$	(921	)	$	5,403		$	3,947		$	5,341		$	2,173		$	(814	)	$	10,647

	Six Months Ended August 31, 2020															Six Months Ended August 31, 2019
	Operating Segments															Operating Segments
	Software & Subscription Services			Telematics Products			LoJack U.S. SVR Products			Corporate Expenses			Total			Software & Subscription Services			Telematics Products			LoJack U.S. SVR Products			Corporate Expenses			Total
Revenues	$	61,725		$	86,271		$	15,756					$	163,752		$	56,716		$	100,132		$	25,458					$	182,306
Gross profit	$	30,317		$	26,081		$	5,465					$	61,863		$	23,760		$	38,228		$	11,093					$	73,081
Gross margin		49	%		30	%		35	%					38	%		42	%		38	%		44	%					40	%
Adjusted EBITDA	$	13,927		$	1,647		$	(1,346	)	$	(2,318	)	$	11,910		$	6,321		$	13,204		$	1,303		$	(2,612	)	$	18,216

Summary of Adjusted EBITDA

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

	Three Months Ended August 31,						Six Months Ended August 31,
	2020			2019			2020			2019
Net loss	$	(9,478	)	$	(7,369	)	$	(23,900	)	$	(16,062	)
Investment income		(680	)		(1,256	)		(698	)		(3,337	)
Interest expense		3,857			5,555			7,934			11,011
Income tax provision (benefit)		266			(1,342	)		506			(3,599	)
Depreciation		5,073			5,191			9,983			9,036
Amortization of intangible assets		1,844			3,318			3,736			6,358
Stock-based compensation		2,846			3,183			5,594			5,726
Impairment loss		286			—			4,575			—
Restructuring charges		551			2,272			2,459			2,272
Non-recurring legal expenses		170			777			963			4,584
Acquisition and integration related expenses		—			46			—			1,190
Other		668			272			758			1,037
Adjusted EBITDA	$	5,403		$	10,647		$	11,910		$	18,216

Summary of Revenues by Geographic Area

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

	Three Months Ended				Six Months Ended
	August 31,				August 31,
	2020		2019		2020		2019
United States	$	58,945	$	68,684	$	110,495	$	131,806
Europe, Middle East and Africa		15,537		13,298		31,443		26,724
South America		5,687		5,447		11,729		10,975
Asia and Pacific Rim		1,704		1,940		4,043		4,349
All other		1,664		3,867		6,042		8,452
	$	83,537	$	93,236	$	163,752	$	182,306