In the fourth quarter of Fiscal 2020 and throughout Fiscal 2021, we determined that the prolonged secular decline in revenues from our legacy LoJack U.S. stolen vehicle recovery (“SVR”) products coupled with the slower than anticipated market penetration of our telematics solutions in the U.S. automotive dealership channel represented determinate indications of impairment. These factors were further exacerbated by the continuing unfavorable impact that the COVID-19 pandemic has had on the automotive end markets over the past year. As a result, we initiated an assessment of the carrying amount of the related goodwill, intangible and long-lived assets supporting these products including the LoJack tradename and dealer and customer relationships in both fiscal years. Based upon our assessment of economic conditions, our expectations of future business conditions and trends, our projected revenues, earnings, and cash flows, we determined that goodwill and certain of our long-lived assets were impaired in fiscal year 2021 as follows (in thousands):


	Year Ended February 28,
	2021
LoJack U.S. SVR Products goodwill	$	12,023
Other intangible assets:
Developed technology		478
Tradenames		-
Dealer and customer relationships		1,005
Property and equipment and other assets		10,483
Operating lease right-of-use assets and related liabilities		658
Total	$	24,647

Summary of Disaggregation of Revenue by Type of Goods and Services and by Timing of Revenue Recognition

We disaggregate revenue from contracts with customers into reportable segments, geography, type of goods and services and timing of revenue recognition. See Note 19, Segment and Geographic Data, for our revenue by segment and geography. The disaggregation of revenue by type of goods and services and by timing of revenue recognition is as follows (in thousands):


	Year Ended February 28,
	2023		2022		2021
Revenue by type of goods and services:
Telematics devices and accessories	$	188,881	$	182,916	$	193,486
Rental income and other services		25,856		19,265		17,844
Recurring application subscriptions		80,212		93,658		97,257
Total	$	294,949	$	295,839	$	308,587

Revenue by timing of revenue recognition:
Revenue recognized at a point in time	$	206,447	$	195,399	$	209,902
Revenue recognized over time		88,502		100,440		98,685
Total	$	294,949	$	295,839	$	308,587

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