GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Nov. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

NOTE 5 – GOODWILL AND OTHER INTANGIBLE ASSETS

Other intangible assets consist of the following (in thousands):

		Gross (2)							Accumulated Amortization (2)						Net
	Useful Life	Feb. 28, 2021		Additions & Adjustments, net (1)			November 30, 2021		Feb. 28, 2021		Expense		November 30, 2021		Feb. 28, 2021		November 30, 2021
Developed technology	4-6 years	$	26,994		(47	)	$	26,947	$	24,057	$	1,060	$	25,117	$	2,937	$	1,830
Tradenames	10 years		30,257		(81	)		30,176		18,428		1,607		20,035		11,829		10,141
Dealer and customer relationships	10-15 years		35,270		(172	)		35,098		12,902		1,491		14,393		22,368		20,705
Patents	5 years		589		—			589		235		16		251		354		338
		$	93,110	$	(300	)	$	92,810	$	55,622	$	4,174	$	59,796	$	37,488	$	33,014

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

(2)	This table excludes the gross value of fully amortized intangible assets totaling $23.0 million at November 30, 2021 and February 28, 2021.

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 $4.0 million for the three and nine months ended November 30, 2021, respectively. Amortization expense of intangible assets from continuing operations was $1.2 million and $3.6 million for the three and nine months ended November 30, 2020.

Estimated future amortization expense as of November 30, 2021 is as follows (in thousands):

2022 (remainder)	$	1,389
2023		5,410
2024		4,566
2025		4,451
2026		4,144
Thereafter		13,054
	$	33,014

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		(616	)		—		(616	)
Balance as of November 30, 2021	$	54,821		$	39,180	$	94,001