SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

3 Months Ended

May 31, 2018

Segment information for the three months ended May 31, 2018 and 2017 is as follows (in thousands):

	Three Months Ended May 31, 2018									Three Months Ended May 31, 2017
	Operating Segments									Operating Segments
	Telematics Systems		Software & Subscription Services		Corporate Expenses			Total		Telematics Systems		Software & Subscription Services		Corporate Expenses			Total
Revenues	$	76,352	$	18,536	$	—		$	94,888	$	71,996	$	16,085	$	—		$	88,081
Adjusted EBITDA	$	10,814	$	2,922	$	(1,559	)	$	12,177	$	12,820	$	1,221	$	(860	)	$	13,181

Summary of Adjusted EBITDA

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

	Three Months Ended May 31,
		2018			2017
Net income (loss)		$	8,511		$	(2,654	)
Investment income			(853	)		(333	)
Interest expense			2,665			2,518
Income tax provision (benefits)			1,771			(1,080	)
Depreciation			2,043			2,025
Amortization of intangible assets			2,748			3,858
Stock-based compensation			2,467			1,817
Equity in net loss of affiliate			439			337
Restructuring charges			3,383			—
Legal expenses for LoJack battery performance issue			1,686			497
Litigation provision			428			6,075
Gain on LoJack battery performance legal Settlement			(13,333	)		—
Other			222			121
Adjusted EBITDA		$	12,177		$	13,181

Summary of Revenues by Geographic Area

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

	Three Months Ended
	May 31,
	2018		2017
United States	$	70,417	$	63,865
Europe, Middle East and Africa		13,344		11,162
South America		4,167		3,792
Canada		1,364		3,359
Asia and Pacific Rim		3,759		2,800
All other		1,837		3,103
	$	94,888	$	88,081