XML 38 R28.htm IDEA: XBRL DOCUMENT v3.21.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Aug. 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)

 

 

 

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.

Schedule of Future Amortization Expense

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

 

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

 

99

 

 

 

 

 

 

99

 

Balance as of August 31, 2021

$

55,536

 

 

$

39,180

 

 

$

94,716