LOJACK ACQUISITION (Tables)

3 Months Ended

May 31, 2016

Business Acquisition [Line Items]

Summary of Purchase Price Allocation

Purchase price				$	131,735
Less cash acquired, net of debt assumed					(9,287	)
Net cash paid					122,448
Fair value of net assets acquired:
Current assets other than cash	$	41,986
Property and equipment		9,646
Developed technology		8,200
Tradename		35,500
Customer lists		4,650
Dealer relationships		16,850
Other non-current assets		4,180
Deferred tax liability		(3,631	)
Current liabilities		(34,218	)
Non-current liabilities		(11,087	)
Total fair value of net assets acquired					72,076
Goodwill				$	50,372

Summary of Pro Forma Information

	Pro Forma
	Three Months Ended
	May 31,
	2016		2015
Revenues	$	96,401	$	98,490
Net income (loss)	$	3,321	$	(1,230	)
Earnings (loss) per share:
Basic	$	0.09	$	(0.03	)
Diluted	$	0.09	$	(0.03	)
Shares used in computing earnings per share:
Basic		36,699		35,964
Diluted		37,173		35,964

Schedule of Adjustments

	Pro Forma
	Three Months Ended
	May 31,
	2016			2015
LoJack standalone net income:
From March 1 to March 14, 2016	$	973		$	-
For three months ended June 30, 2015					1,188
Increase (decrease) in revenue for fair valuation of
deferred revenue		581			(581	)
(Increase) decrease in costs and expenses:
Amortization of inventory step-up		4,010			(4,010	)
Amortization of intangible assets and depreciation of
property, equipment and improvements acquired		(309	)		(1,851	)
Acquisition and integration expenses		3,539			(3,195	)
Net increase (decrease) in pretax income (loss)		8,794			(8,449	)
Income tax effects		(2,814	)		3,160
Change in net income		5,980			(5,289	)
Net income (loss) as reported		(2,659	)		4,059
Pro forma net income (loss)	$	3,321		$	(1,230	)