DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Aug. 31, 2022

Discontinued Operations And Disposal Groups [Abstract]

Summary of Financial Results of Discontinued Operations

The amounts in the statement of operations that are included in discontinued operations are summarized in the following table (in thousands):

	Six Months Ended
	August 31,
	2021
Revenues	$	823
Cost of revenues		950
Gross profit (loss)		(127	)
Operating expenses:
Research and development		32
Selling and marketing		167
General and administrative		75
Intangible asset amortization		141
Restructuring		404
Impairment losses		—
Total operating expenses		819
Operating loss from discontinued operations		(946	)
Gain on sale of discontinued operations		4,998
Net income from discontinued operations, net of tax	$	4,052

The amounts in the statement of cash flows that are included in discontinued operations are summarized in the following table (in thousands):

	Six Months Ended
	August 31,
	2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income from discontinued operations, net of tax	$	4,052
Adjustments to reconcile net income from discontinued operations to net cash used in operating activities:
Intangible asset amortization		141
Stock-based compensation		25
Gain on sale of discontinued operations		(4,998	)
Changes in operating assets and liabilities:
Accounts receivable		452
Inventories		425
Prepaid expenses and other current assets		4
Accounts payable		(331	)
Accrued liabilities		(135	)
Deferred revenue		(30	)
NET CASH USED IN OPERATING ACTIVITIES OF DISCONTINUED OPERATIONS		(395	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net proceeds from sale of discontinued operations		6,616
NET CASH PROVIDED BY INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS		6,616
Net change in cash and cash equivalents	$	6,221