GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Feb. 28, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

NOTE 8 – GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in goodwill are as follows (in thousands):

	Year Ended February 28,
	2019		2018
Balance at beginning of period	$	72,980	$	72,980
Acquisitions (Note 2)		7,521		-
Other (1)		304		-
Balance at end of period	$	80,805	$	72,980

(1)

Amounts represent certain immaterial adjustments related to the LoJack acquisition.

Other intangible assets are comprised as follows (in thousands):

		Gross									Accumulated Amortization						Net
	Useful	Feb. 28,				Other			Feb. 28,		Feb. 28,				Feb. 28,		Feb. 28,		Feb. 28,
	Life	2018		Additions		(1)			2019		2018		Expense		2019		2018		2019
Developed technology	2-7 years	$	22,280		1,830		(507	)	$	23,603	$	14,288		3,965	$	18,253	$	7,992	$	5,350
Tradenames	10 years		37,729		2,362					40,091		9,087		3,557		12,644		28,642		27,447
Customer lists	4-7 years		22,950		2,354					25,304		19,623		1,684		21,307		3,327		3,997
Dealer and customer relationships	7-12 years		16,850							16,850		4,714		2,194		6,908		12,136		9,942
Patents	5 years		483		106					589		124		36		160		359		429
		$	100,292	$	6,652	$	(507	)	$	106,437	$	47,836	$	11,436	$	59,272	$	52,456	$	47,165

(1)

Amounts represent certain immaterial adjustments related to the LoJack acquisition.

Intangible assets with finite lives are amortized on a straight-line basis over the expected period to be benefited by future cash flows. We monitor and assess these assets for impairment on a periodic basis. Our assessment includes various new product lines and services, which leverage the existing intangible assets as well as consideration of historical and projected revenues and cash flows. As of February 28, 2019, we determined that there was no impairment of intangible assets.

Amortization expense of intangible assets was $11.4 million, $15.0 million and $15.1 million in fiscal years ended February 28, 2019, 2018 and 2017, respectively.

Estimated future amortization expense as of February 28, 2019 is as follows (in thousands):

2020	$	10,315
2021		8,492
2022		6,859
2023		6,638
2024		4,747
Thereafter		10,114
	$	47,165