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RESTRUCTURING ACTIVITIES
9 Months Ended
Nov. 30, 2021
Restructuring And Related Activities [Abstract]  
RESTRUCTURING ACTIVITIES

NOTE 8 – RESTRUCTURING ACTIVITIES

Since fiscal 2019, we executed under a plan to capture certain synergies and cost savings related to streamlining our global operations and sales organization, as well as rationalize certain leased properties that were not fully occupied. Our plan is aligned with our strategy to integrate the global sales organization and further outsource manufacturing functions in order to drive operational efficiency, increase supplier geographic diversity, and reduce operating expenses. To date, total restructuring charges were $17.9 million, comprised of $11.1 million in severance and employee related costs, and $6.8 million for vacant office and manufacturing facility space as well as terminated tower infrastructure leases. Restructuring charges related to vacant office and manufacturing facility space were attributable primarily to the vacancy in Canton, Massachusetts in the amount of $3.3 million. The anticipated rent payments for the ceased-use leased facilities will be made through December 2025. Substantially all charges related to severance and employee costs were under the Telematics Products reportable segment.

The following table summarizes the charges resulting from the implementation of the restructuring plan (in thousands):

 

 

Three Months Ended November 30, 2020

 

 

Personnel

 

 

Facilities

 

 

Total

 

Cost of revenues

$

(28

)

 

$

145

 

 

$

117

 

Research and development

 

 

 

 

 

 

 

 

Selling and marketing

 

4

 

 

 

 

 

 

4

 

General and administrative

 

(29

)

 

 

 

 

 

(29

)

Total

$

(53

)

 

$

145

 

 

$

92

 

 

 

 

 

Nine Months Ended November 30, 2021

 

 

Nine Months Ended November 30, 2020

 

 

Personnel

 

 

Facilities

 

 

Total

 

 

Personnel

 

 

Facilities

 

 

Total

 

Cost of revenues

$

103

 

 

$

376

 

 

$

479

 

 

$

245

 

 

$

319

 

 

$

564

 

Research and development

 

58

 

 

 

 

 

 

58

 

 

 

 

 

 

 

 

 

 

Selling and marketing

 

189

 

 

 

 

 

 

189

 

 

 

34

 

 

 

 

 

 

34

 

General and administrative

 

8

 

 

 

6

 

 

 

14

 

 

 

1,953

 

 

 

 

 

 

1,953

 

Total

$

358

 

 

$

382

 

 

$

740

 

 

$

2,232

 

 

$

319

 

 

$

2,551

 

 

Total restructuring charges of $0.2 million for the three months ended November 30, 2020 were included as part of discontinued operations. Total restructuring charges of $0.4 million and $0.6 million for the nine months ended November 30, 2021 and 2020 were included as part of discontinued operations, respectively.

 

The following table summarizes the activity resulting from the implementation of the restructuring plan within other current and non-current liabilities (in thousands):

 

 

 

Personnel

 

 

Facilities

 

 

Total

 

Restructuring liabilities as of February 28, 2021

$

2,637

 

 

$

891

 

 

$

3,528

 

Charges

 

358

 

 

 

382

 

 

 

740

 

Payments

 

(2,755

)

 

 

(305

)

 

 

(3,060

)

Restructuring liabilities as of November 30, 2021

$

240

 

 

$

968

 

 

$

1,208