DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) - ASU 2014-09 [Member]

12 Months Ended

Feb. 28, 2019

Summary of Disaggregation of Revenue by Type of Goods and Services and by Timing of Revenue Recognition

We disaggregate revenue from contracts with customers into reportable segments, geography, type of goods and services and timing of revenue recognition. See Note 20 for our revenue by segment and geography. The disaggregation of revenue by type of goods and services and by timing of revenue recognition was as follows (in thousands):

	Year Ended February 28, 2019
Revenue by type of goods and services:
Products	$	300,378
Professional services		5,989
Recurring application subscriptions		57,433
Total	$	363,800
Revenue by timing of revenue recognition:
Revenue recognized at a point in time	$	300,378
Revenue recognized over time		63,422
Total	$	363,800

Product revenues presented in the table above include devices sold in customer arrangements that include both the device and monitoring services. Recurring application subscriptions revenues include the amortization for customized devices functional only with application subscriptions.

We adopted ASC 606 under the modified retrospective method on March 1, 2018, and therefore we did not present comparative information for the years ended February 28, 2018 and 2017.

Schedule of Cumulative Effect of Changes Made to Consolidated Balance Sheet for Adoption

The cumulative effect of the changes made to our consolidated balance sheet for the adoption of ASC 606 were as follows (in thousands):

	Balance at February 28, 2018			ASC 606 Adjustments			Balance at March 1, 2018
Assets
Prepaid expenses and other current assets (1)	$	12,000			1,891		$	13,891
Deferred income tax assets		31,581			532			32,113
Other assets (1)		18,829			3,145			21,974
Liabilities and Stockholders' Equity
Deferred revenue	$	17,757			2,156			19,913
Other non-current liabilities		24,249			5,007			29,256
Stockholders' equity
Accumulated deficit	$	(19,459	)		(1,595	)		(21,054	)

(1) Deferred product costs included in Prepaid expenses and other current assets and Other assets amounted to $5.4 million and $6.0 million, respectively, as of March 1, 2018.

In accordance with the requirements of ASC 606, the disclosure of the impact of adoption on our consolidated balance sheet as of the fiscal year ended February 28, 2019 is as follows:

	As of February 28, 2019
	As reported			ASC 606 Adjustments			Without ASC 606 Adoption
Assets
Prepaid expenses and other current assets (1)	$	19,373			(1,473	)	$	17,900
Deferred income tax assets		22,626			(532	)		22,094
Other assets (1)		22,510			(3,319	)		19,191
Liabilities and Stockholders' Equity
Deferred revenue (2)	$	24,264			(1,945	)		22,319
Other non-current liabilities (2)		38,476			(5,353	)		33,123
Stockholders' equity:
Accumulated deficit	$	(2,227	)		1,689			(538	)

(1) Deferred product costs included in Prepaid expenses and other current assets and Other assets amounted to $6.2 million and $8.8 million, respectively, as of February 28, 2019.

(2) The balances as of February 28, 2019 also included deferred revenue of TRACKER, which was acquired on February 25, 2019 (see Note 2).