Intangible Assets

12 Months Ended

Feb. 29, 2016

Intangible Assets

Note 3. Intangible Assets

Intangible assets consist of customer lists for airlines using legacy products. The Company evaluated the asset for impairment and determined it appropriate to record an impairment charge equal to the remaining value of this intangible asset in the third quarter of this fiscal year due to declining sales associated with this asset. The amount of the impairment is $471 thousand. Amortization expense related to intangible assets was $88 thousand for fiscal 2016 (excluding the impairment charge) and $125 thousand for fiscal 2015. As of February 29, 2016 and February 28, 2015, the cost and accumulated amortization of intangible assets was as follows (in thousands):

	February 29, 2016				February 28, 2015
	Cost		Accumulated Amortization		Cost		Accumulated Amortization
Patents/designs	$	233	$	233	$	233	$	233
Customer lists		2,863		2,863		2,863		2,304
Non-compete agreements		1,000		1,000		1,000		1,000
Other intangibles		6		6		6		6
	$	4,102	$	4,102	$	4,102	$	3,543