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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Aug. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Other Intangible Assets

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

 

 

 

 

 

Gross (2)

 

 

Accumulated Amortization (2)

 

 

Net

 

 

 

Useful Life

 

Feb. 28,

2022

 

 

Additions & Adjustments, net (1)

 

 

 

August 31,

2022

 

 

Feb. 28,

2022

 

 

Expense

 

 

August 31,

2022

 

 

Feb. 28,

2022

 

 

August 31,

2022

 

Developed technology

 

4-6 years

 

$

26,958

 

 

 

(102

)

 

 

$

26,856

 

 

$

25,470

 

 

$

632

 

 

$

26,102

 

 

$

1,488

 

 

$

754

 

Tradenames

 

10 years

 

 

30,192

 

 

 

(205

)

 

 

 

29,987

 

 

 

20,571

 

 

 

1,067

 

 

 

21,638

 

 

 

9,621

 

 

 

8,349

 

Customer relationships

 

10-15 years

 

 

35,404

 

 

 

(217

)

 

 

 

35,187

 

 

 

14,883

 

 

 

969

 

 

 

15,852

 

 

 

20,521

 

 

 

19,335

 

Patents

 

5 years

 

 

589

 

 

 

 

 

 

 

589

 

 

 

254

 

 

 

4

 

 

 

258

 

 

 

335

 

 

 

331

 

 

 

 

 

$

93,143

 

 

$

(524

)

 

 

$

92,619

 

 

$

61,178

 

 

$

2,672

 

 

$

63,850

 

 

$

31,965

 

 

$

28,769

 

 

(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 August 31, 2022 and February 28, 2022.

 

Schedule of Future Amortization Expense

Estimated future amortization expense as of August 31, 2022 is as follows (in thousands):

 

2023 (remainder)

 

$

2,640

 

2024

 

 

4,440

 

2025

 

 

4,325

 

2026

 

 

4,056

 

2027

 

 

2,435

 

Thereafter

 

 

10,873

 

 

 

$

28,769

 

Schedule of Goodwill

Changes in goodwill are as follows (in thousands):

 

 

 

Software &

Subscription

Services

 

 

Telematics

Products

 

 

Total

 

Balance as of February 28, 2022

 

$

55,256

 

 

$

39,180

 

 

$

94,436

 

Effect of exchange rate change on goodwill

 

 

(1,059

)

 

 

 

 

 

(1,059

)

Balance as of August 31, 2022

 

$

54,197

 

 

$

39,180

 

 

$

93,377