GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Aug. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

NOTE 5 – GOODWILL AND 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)			Aug 31, 2021		Feb. 28, 2021		Expense		Aug 31, 2021		Feb. 28, 2021		Aug 31, 2021
Developed technology	4-6 years	$	26,994		(14	)	$	26,980	$	24,057	$	706	$	24,763	$	2,937	$	2,217
Tradenames	10 years		30,257		(24	)		30,233		18,428		1,071		19,499		11,829		10,734
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		249			33,166		12,902		999		13,901		20,015		19,265
Patents	5 years		589		—			589		235		12		247		354		342
		$	116,061	$	211		$	116,272	$	78,573	$	2,788	$	81,361	$	37,488	$	34,911

(1)	Amounts also include any net changes in intangible asset balances for the periods presented that resulted from foreign currency translations.

Intangible assets with finite lives are amortized on a straight-line basis over the expected period to be benefited by future cash flows. We monitor and assess these assets for impairment on a periodic basis. Our assessment includes various new product lines and services, which leverage the existing intangible assets as well as consideration of historical and projected revenues and cash flows. Amortization expense of intangible assets from continuing operations was $1.4 million and $2.6 million for the three and six months ended August 31, 2021, respectively. Amortization expense of intangible assets from continuing operations was $1.2 million and $2.4 million for the three and six months ended August 31, 2020.

Estimated future amortization expense as of August 31, 2021 is as follows (in thousands):

2022 (remainder)	$	2,791
2023		5,436
2024		4,591
2025		4,476
2026		4,159
Thereafter		13,458
	$	34,911

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		99		—		99
Balance as of August 31, 2021	$	55,536	$	39,180	$	94,716