NOTE 7 – OTHER ASSETS

Other assets consist of the following (in thousands):

	February 28,
	2016		2015
Investment in LoJack common stock	$	5,466	$	-
Deferred compensation plan assets		3,370		2,222
Equity investment in U.K. affiliate		1,167		-
Other		637		915
	$	10,640	$	3,137

In November and December 2015, prior to entering into a definitive agreement to acquire LoJack, CalAmp purchased 850,100 shares of LoJack common stock in the open market. These shares, which were purchased at an average cost of $4.76, were valued at $6.43 per share at the end of fiscal 2016, which was the closing price of LoJack's common stock on February 28, 2016. The revaluation of these shares to fair value resulted in gain of $1.4 million that is included in Investment Income in the consolidated statement of comprehensive income.

The Company established a non-qualified deferred compensation plan in August 2013 in which certain members of management and all non-employee directors are eligible to participate. Participants may defer a portion of their compensation until retirement or a date specified by the participant in accordance with the plan. The Company is informally funding the deferred compensation plan obligations by making cash deposits to a Rabbi Trust that are invested in various equity, bond and money market mutual funds in generally the same proportion as investment elections made by the participants for their compensation deferrals. The deferred compensation plan liability is included in Other Non-current Liabilities in the accompanying consolidated balance sheets.

In September 2015, the Company invested £1,400,000 or approximately $2,156,000 for a 49% minority ownership interest in Smart Driver Club Limited, a technology and insurance startup company located in the United Kingdom. This investment is accounted for under the equity method since the Company has significant influence over the investee. The Company's equity in the net loss of this affiliate amounted to $829,000 in fiscal 2016. The foreign currency translation adjustment for this equity investment amounted to $161,000 as of February 28, 2016 and is included as a component of other comprehensive income.