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DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Nov. 30, 2022
ASU 2014-09 [Member]  
Disaggregation of Revenue by Type of Goods and Services and by Timing of Revenue Recognition which Reflect the Immaterial Adjustments

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

November 30,

 

 

November 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenue by type of goods and services:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Telematics devices and accessories

$

53,331

 

 

$

40,376

 

 

$

138,420

 

 

$

143,902

 

Rental income and other services

$

6,307

 

 

 

3,248

 

 

$

17,233

 

 

 

10,353

 

Recurring application subscriptions

$

19,251

 

 

 

25,153

 

 

$

60,790

 

 

 

73,207

 

Total

$

78,889

 

 

$

68,777

 

 

$

216,443

 

 

$

227,462

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

November 30,

 

 

November 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenue by timing of revenue recognition:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue recognized at a point in time

$

57,337

 

 

$

40,785

 

 

$

149,511

 

 

$

148,908

 

Revenue recognized over time

$

21,552

 

 

 

27,992

 

 

 

66,932

 

 

 

78,554

 

Total

$

78,889

 

 

$

68,777

 

 

$

216,443

 

 

$

227,462

 

 

ASU 2020-06 [Member]  
Summary of Impact of Adoption of ASU 2020-06 on Opening Consolidated Balance Sheet

 

The following table summarizes the impact of the adoption of ASU 2020-06 on our consolidated balance sheet on March 1, 2022 (in thousands).

 

 

 

February 28, 2022

 

 

ASU 2020-06

 

 

March 1, 2022

 

 

 

As Reported

 

 

Adoption Impact

 

 

As Adjusted

 

Deferred income tax assets, net

 

$

4,165

 

 

$

-

 

 

 

4,165

 

Total debt (1)

 

 

192,288

 

 

 

37,365

 

 

 

229,653

 

Additional paid-in-capital

 

 

242,386

 

 

 

(67,003

)

 

 

175,383

 

Accumulated deficit

 

$

(165,965

)

 

$

29,639

 

 

$

(136,326

)

 

(1)

Prior to adoption, the carrying value of convertible debt represented the principal amount less unamortized debt discount and unamortized debt issuance costs. After adoption, the carrying value of convertible debt represents the principal amount less unamortized debt issuance costs.