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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Feb. 28, 2023
Equity [Abstract]  
Summary of Stock Option Activity

The following table summarizes our stock option activity (number of options and aggregate intrinsic value in thousands):

 

 

 

Number of
Options

 

 

Weighted Average Exercise Price

 

 

Weighted average remaining contractual life (years)

 

 

Aggregate intrinsic value

 

Outstanding at February 29, 2020

 

 

1,071

 

 

$

14.65

 

 

 

6.2

 

 

 

 

Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Exercised

 

 

(141

)

 

 

4.07

 

 

 

 

 

 

 

Forfeited or expired

 

 

(152

)

 

 

17.52

 

 

 

 

 

 

 

Outstanding at February 28, 2021

 

 

778

 

 

$

16.01

 

 

 

6.0

 

 

 

 

Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Exercised

 

 

(33

)

 

 

7.53

 

 

 

 

 

 

 

Forfeited or expired

 

 

(81

)

 

 

16.45

 

 

 

 

 

 

 

Outstanding at February 28, 2022

 

 

664

 

 

$

16.38

 

 

 

5.4

 

 

 

 

Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Forfeited or expired

 

 

(158

)

 

 

17.52

 

 

 

 

 

 

 

Outstanding at February 28, 2023

 

 

506

 

 

$

16.02

 

 

 

4.0

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at:

 

 

 

 

 

 

 

 

 

 

 

 

February 28, 2021

 

 

507

 

 

$

15.80

 

 

 

5.2

 

 

$

123

 

February 28, 2022

 

 

556

 

 

$

15.98

 

 

 

5.2

 

 

$

33

 

February 28, 2023

 

 

477

 

 

$

15.74

 

 

 

4.0

 

 

$

-

 

 

 

Summary of Restricted Stock Shares (RSU's), and Performance Stock Units (PSU's) Activity

Changes in our outstanding restricted stock shares, PSUs and RSUs for the fiscal years ended February 28, 2023, 2022 and 2021 were as follows (shares in thousands):

 

 

 

Number of Restricted Shares, PSUs and RSUs

 

 

Weighted Average Grant Date Fair Value

 

 

Shares Retained to Cover Statutory Minimum Withholding Taxes

 

Outstanding at February 29, 2020

 

 

2,215

 

 

$

14.47

 

 

 

 

Granted

 

 

1,885

 

 

 

7.91

 

 

 

 

Vested

 

 

(656

)

 

 

15.07

 

 

 

214

 

Forfeited

 

 

(391

)

 

 

11.95

 

 

 

 

Outstanding at February 28, 2021

 

 

3,053

 

 

$

10.61

 

 

 

 

Granted

 

 

1,629

 

 

 

11.09

 

 

 

 

Vested

 

 

(994

)

 

 

12.01

 

 

 

343

 

Forfeited

 

 

(748

)

 

 

10.63

 

 

 

 

Outstanding at February 28, 2022

 

 

2,940

 

 

$

10.39

 

 

 

 

Granted

 

 

2,542

 

 

 

4.66

 

 

 

 

Vested

 

 

(1,045

)

 

 

11.07

 

 

 

397

 

Forfeited

 

 

(931

)

 

 

7.72

 

 

 

 

Outstanding at February 28, 2023

 

 

3,506

 

 

$

6.75

 

 

 

 

Schedule of Stock-based Compensation Expense

Stock-based compensation expense is included in the following captions of the consolidated statements of comprehensive loss (in thousands):

 

 

 

Year Ended February 28,

 

 

 

2023

 

 

2022

 

 

2021

 

Cost of revenues

 

$

120

 

 

$

125

 

 

$

501

 

Research and development

 

 

2,397

 

 

 

3,005

 

 

 

2,690

 

Selling and marketing

 

 

2,600

 

 

 

2,369

 

 

 

2,333

 

General and administrative

 

 

5,094

 

 

 

5,782

 

 

 

4,833

 

Restructuring

 

 

-

 

 

 

40

 

 

 

1,007

 

 

 

$

10,211

 

 

$

11,321

 

 

$

11,364