Intangible Assets

9 Months Ended

Nov. 30, 2013

Intangible Assets

Note 6. – Intangible Assets

Intangible assets consist primarily of the unamortized value of purchased patents, customer lists, non-compete agreements and other intangible assets. Intangible assets are amortized over the period of their expected lives, generally ranging from 5 to 15 years. Amortization expense related to intangible assets was approximately $150 thousand for the nine months ended November 30, 2013 and $179 thousand for the nine months ended November 30, 2012.

The cost and accumulated amortization of intangible assets were as follows (in thousands):

	November 30, 2013				February 28, 2013
	Cost		Accumulated Amortization		Cost		Accumulated Amortization
Customer lists	$	2,903	$	2,198	$	2,903	$	2,110
Non-compete agreements		1,015		1,015		1,015		1,015
Patents		233		223		233		217
Other intangibles		148		148		148		148
	$	4,299	$	3,584	$	4,299	$	3,490