ACQUISITIONS (Tables)

12 Months Ended

Feb. 28, 2022

Business Combinations [Abstract]

Summary of Final Purchase Price Allocations

The following are the final purchase price allocations as of February 29, 2020 for the two acquisitions (in thousands):

	LoJack Mexico						Synovia
Purchase price				$	14,306					$	29,500
Add debt paid at closing					-						20,296
Less cash acquired, net of debt assumed					(1,586	)					(889	)
Net cash paid					12,720						48,907
Add previously held interest					2,021						-
Fair value of net assets and liabilities assumed:
Current assets other than cash	$	4,537					$	9,637
Property and equipment		3,652						24,840
Customer relationships		7,000						16,700
Trade name		-						1,600
Developed technology		-						3,800
Deferred tax assets		-						2,061
Other non-current assets		1,301						177
Current liabilities		(2,586	)					(4,645	)
Due to factors		-						(19,692	)
Deferred revenue		(4,507	)					(4,319	)
Deferred tax liability		(943	)					-
Total fair value of net assets acquired					8,454						30,159
Goodwill				$	6,287					$	18,748