Intangible Assets

12 Months Ended

Feb. 28, 2014

Intangible Assets

Note 3. Intangible Assets

Intangible assets consist primarily of the unamortized value of purchased patents/designs, customer lists, non-compete agreements and miscellaneous other intangible assets. Intangible assets are amortized over the period of their expected lives, generally ranging from five to 15 years. Amortization expense related to intangible assets was $126 thousand for fiscal 2014 and 2013. As of February 28, 2014 and February 28, 2013, the cost and accumulated amortization of intangible assets was as follows (in thousands):

	February 28, 2014				February 28, 2013
	Cost		Accumulated Amortization		Cost		Accumulated Amortization
Customer lists	$	233	$	225	$	233	$	216
Non-compete agreements		2,863		2,187		2,863		2,070
Patents/designs		1,000		1,000		1,000		1,000
Other intangibles		6		6		6		6
	$	4,102	$	3,418	$	4,102	$	3,292

Expected amortization expense for the next five years and thereafter is as follows (in thousands):

Year	Amortization Expense
2015	$	125
2016	$	117
2017	$	117
2018	$	117
2019	$	117
Thereafter	$	91