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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
May 31, 2021
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. 28,

2021

 

 

Additions & Adjustments, net (1)

 

 

May 31,

2021

 

 

Feb. 28,

2021

 

 

Expense

 

 

May 31,

2021

 

 

Feb. 28,

2021

 

 

May 31,

2021

 

Developed technology

 

4-6 years

 

$

26,994

 

 

 

23

 

 

$

27,017

 

 

$

24,057

 

 

$

353

 

 

$

24,410

 

 

$

2,937

 

 

$

2,607

 

Tradenames

 

10 years

 

 

30,257

 

 

 

37

 

 

 

30,294

 

 

 

18,428

 

 

 

536

 

 

 

18,964

 

 

 

11,829

 

 

 

11,330

 

Customer lists

 

4-7 years

 

 

25,304

 

 

 

 

 

 

25,304

 

 

 

22,951

 

 

 

-

 

 

 

22,951

 

 

 

2,353

 

 

 

2,353

 

Dealer and customer relationships

 

10-15 years

 

 

32,917

 

 

 

277

 

 

 

33,194

 

 

 

12,902

 

 

 

496

 

 

 

13,398

 

 

 

20,015

 

 

 

19,796

 

Patents

 

5 years

 

 

589

 

 

 

 

 

 

589

 

 

 

235

 

 

 

6

 

 

 

241

 

 

 

354

 

 

 

348

 

 

 

 

 

$

116,061

 

 

$

337

 

 

$

116,398

 

 

$

78,573

 

 

$

1,391

 

 

$

79,964

 

 

$

37,488

 

 

$

36,434

 

 

(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, 2021 is as follows (in thousands):

 

2022 (remainder)

 

$

4,207

 

2023

 

 

5,460

 

2024

 

 

4,616

 

2025

 

 

4,501

 

2026

 

 

4,173

 

Thereafter

 

 

13,477

 

 

 

$

36,434

 

Schedule of Goodwill

Changes in goodwill are as follows (in thousands):

 

 

Software &

Subscription

Services

 

 

Telematics

Products

 

 

Total

 

Balance as of February 28, 2021

$

55,437

 

 

$

39,180

 

 

$

94,617

 

Effect of exchange rate change on goodwill

 

441

 

 

 

 

 

 

441

 

Balance as of May 31, 2021

$

55,878

 

 

$

39,180

 

 

$

95,058