GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Feb. 28, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

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		(181	)		-		(181	)
Balance as of February 28, 2022	$	55,256		$	39,180	$	94,436

Schedule of Other Intangible Assets

As further described in Note 1 Description of Business and Summary of Significant Accounting Policies, we have begun entering into subscription arrangements with customers who have historically purchased MRM telematics products from us, which is expected to result in growth in Software & Subscription Services revenues and a corresponding decline in Telematics Products revenues as we transition the MRM telematics business to long-term subscription contracts. This transition is expected to be completed over the course of Fiscal 2023. As a result of this strategic shift, we anticipate that the goodwill presently associated with our Telematics Products reporting unit will be re-allocated to our other reporting units in Fiscal 2023 at such time that this customer transition is substantially complete.

Other intangible assets are comprised as follows (in thousands, except years):

		Gross (2)							Accumulated Amortization (2)						Net
	Useful Life	Feb. 28, 2021		Additions & Adjustments, net (1)			Feb. 28, 2022		Feb. 28, 2021		Amortization Expense		Feb. 28, 2022		Feb. 28, 2021		Feb. 28, 2022
Developed technology	4-6 years	$	26,994		(36	)	$	26,958	$	24,057		1,413	$	25,470	$	2,937	$	1,488
Tradenames	10 years		30,257		(65	)		30,192		18,428		2,143		20,571		11,829		9,621
Customer relationships	10-15 years		35,270		134			35,404		12,902		1,981		14,883		22,368		20,521
Patents	5 years		589		-			589		235		19		254		354		335
		$	93,110	$	33		$	93,143	$	55,622	$	5,556	$	61,178	$	37,488	$	31,965

(1)

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

(2)

This table excludes the gross value of fully amortized intangible assets totaling $23.0 million at February 28, 2022 and February 28, 2021.

Schedule of Future Amortization Expense

Estimated future amortization expense as of February 28, 2022 is as follows (in thousands):

2023	$	5,416
2024		4,572
2025		4,457
2026		4,147
2027		2,526
Thereafter		10,847
	$	31,965