SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

3 Months Ended

May 31, 2021

Segment Reporting [Abstract]

Summary of Segment Information

Segment information is as follows (in thousands):

	Three Months Ended May 31, 2021												Three Months Ended May 31, 2020
	Reportable Segments												Reportable Segments
	Software & Subscription Services			Telematics Products			Corporate Expenses			Total			Software & Subscription Services			Telematics Products			Corporate Expenses			Total
Revenues	$	35,043		$	44,631					$	79,674		$	27,773		$	45,958					$	73,731
Gross profit	$	16,822		$	15,625					$	32,447		$	13,708		$	15,397					$	29,105
Gross margin		48	%		35	%					41	%		49	%		34	%					39	%
Adjusted EBITDA	$	5,894		$	3,632		$	(1,141	)	$	8,385		$	6,473		$	3,215		$	(1,397	)	$	8,291

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 May 31,
	2021			2020
Net loss	$	(1,948	)	$	(14,422	)
Less: net income (loss) from discontinued operations		4,052			(7,834	)
Net loss from continuing operations	$	(6,000	)	$	(6,588	)
Investment income		(648	)		(18	)
Interest expense		3,849			4,077
Income tax provision		293			240
Depreciation		4,230			4,222
Amortization of intangible assets		1,253			1,176
Stock-based compensation		2,472			2,372
Restructuring charges		336			1,873
Non-recurring legal expenses		648			793
Costs incurred in transition of LoJack North America business to acquiror		1,233			—
Other		719			144
Adjusted EBITDA	$	8,385		$	8,291

Summary of Revenues by Geographic Area

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

	Three Months Ended
	May 31,
	2021		2020
United States	$	51,200	$	45,066
Europe, Middle East and Africa		14,475		15,906
South America		6,525		6,042
Asia and Pacific Rim		5,401		2,339
All other		2,073		4,378
	$	79,674	$	73,731