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ACQUISITIONS (Tables)
12 Months Ended
Feb. 28, 2019
Business Combinations [Abstract]  
Summary of Preliminary Purchase Price Allocation

The following is a preliminary purchase price allocation as of February 28, 2019 (in thousands):

 

Purchase price

 

 

 

 

 

$

13,097

 

Less cash acquired, net of debt assumed

 

 

 

 

 

 

(66

)

Net cash paid

 

 

 

 

 

 

13,031

 

Less provisional amount of working capital claim against escrowed consideration

 

 

 

 

 

 

(840

)

Net consideration

 

 

 

 

 

 

12,191

 

Fair value of net assets and liabilities assumed:

 

 

 

 

 

 

 

 

Current assets other than cash

 

$

3,549

 

 

 

 

 

Property and equipment

 

 

1,835

 

 

 

 

 

Customer relationships

 

 

2,354

 

 

 

 

 

Trade name

 

 

2,354

 

 

 

 

 

Developed technology

 

 

1,830

 

 

 

 

 

Other non-current assets

 

 

104

 

 

 

 

 

Current liabilities

 

 

(3,030

)

 

 

 

 

Deferred revenue, current

 

 

(1,976

)

 

 

 

 

Deferred revenue, non-current

 

 

(1,186

)

 

 

 

 

Deferred tax liability, non-current

 

 

(963

)

 

 

 

 

Other non-current liabilities

 

 

(201

)

 

 

 

 

Total fair value of net assets acquired

 

 

 

 

 

 

4,670

 

Goodwill

 

 

 

 

 

$

7,521