SEGMENT AND GEOGRAPHIC DATA (Tables)

12 Months Ended

Feb. 28, 2018

Segment Reporting [Abstract]

Summary of Segment Information

Information by business segment is as follows (in thousands):

	Year ended February 28, 2018
	Operating Segments
	Telematics Systems		Software & Subscription Services		Corporate Expenses			Total
Revenues	$	302,126	$	63,786	$	-		$	365,912
Adjusted EBITDA	$	48,943	$	8,233	$	(4,794	)	$	52,382

	Year ended February 28, 2017
	Operating Segments
	Telematics Systems		Software & Subscription Services		Satellite		Corporate Expenses			Total
Revenues	$	274,314	$	61,719	$	15,069	$	-		$	351,102
Adjusted EBITDA	$	47,432	$	3,075	$	2,447	$	(3,586	)	$	49,368

	Year ended February 28, 2016
	Operating Segments
	Telematics Systems		Software & Subscription Services		Satellite		Corporate Expenses			Total
Revenues	$	205,209	$	36,178	$	39,332	$	-		$	280,719
Adjusted EBITDA	$	34,051	$	9,677	$	8,573	$	(3,294	)	$	49,007

	Operating Segments
	Telematics Systems		Software & Subscription Services		Satellite		Total
Goodwill
As of February 28, 2018	$	50,899	$	22,081	$	-	$	72,980
As of February 28, 2017	$	50,899	$	22,081	$	-	$	72,980

Summary of Adjusted EBITDA

The adjustments to our financial results prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to calculate Adjusted EBITDA are itemized below (in thousands):

	Year Ended February 28,
	2018			2017			2016
Net income (loss)	$	16,617		$	(7,904	)	$	16,940
Investment income		(2,256	)		(1,691	)		(1,871	)
Interest expense		10,280			9,896			7,595
Income tax provision (benefits)		10,681			(1,563	)		4,572
Depreciation		7,968			8,408			3,582
Amortization of intangible assets		14,989			15,061			6,626
Stock-based compensation		9,298			7,833			5,854
Equity in net loss of affiliate		1,411			1,284			829
Acquisition and integration expenses		-			4,513			1,980
Non-cash adjustment to inventory and fixed asset		335			4,339			-
Legal expenses for LoJack battery performance issue		3,323			1,948			-
Litigation provision		7,415			7,244			2,900
Gain on LoJack battery performance legal Settlement		(28,333	)		-			-
Other		654			-			-
Adjusted EBITDA	$	52,382		$	49,368		$	49,007

Summary of Revenues by Geographic Area

Revenue by geographic area are as follows (in thousands):

	Year Ended February 28,
	2018		2017		2016
United States	$	265,613	$	259,974	$	232,995
Europe, Middle East and Africa		45,830		49,918		19,178
South America		20,699		17,738		9,019
Canada		14,958		8,412		7,752
Asia and Pacific Rim		12,873		8,967		4,524
All other		5,939		6,093		7,251
	$	365,912	$	351,102	$	280,719