SEGMENT AND GEOGRAPHIC DATA (Tables)

12 Months Ended

Feb. 28, 2019

Segment Reporting [Abstract]

Summary of Segment Information

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

	Year ended February 28, 2019
	Operating Segments
	Telematics Systems		Software & Subscription Services		Corporate Expenses			Total
Revenues	$	287,370	$	76,430	$	-		$	363,800
Adjusted EBITDA	$	40,821	$	13,093	$	(5,699	)	$	48,215

	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

	Operating Segments
	Telematics Systems		Software & Subscription Services		Total
Goodwill
As of February 28, 2019	$	51,203	$	29,602	$	80,805
As of February 28, 2018	$	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,
	2019			2018			2017
Net income (loss)	$	18,398		$	16,617		$	(7,904	)
Investment income		(5,258	)		(2,256	)		(1,691	)
Interest expense		16,726			10,280			9,896
Income tax provision (benefits)		(1,330	)		10,681			(1,563	)
Depreciation and amortization		20,016			22,957			23,469
Stock-based compensation		11,029			9,298			7,833
Impairment loss and equity in net loss of affiliate		6,787			1,411			1,284
Loss on extinguishment of debt		2,033			-			-
Acquisition and integration related expenses		935			-			4,513
Non-recurring legal expenses, net of reversal of litigation provision		(11,020	)		10,738			9,192
Gain on LoJack battery performance legal Settlement		(18,333	)		(28,333	)		-
Restructuring		8,015			-			-
Other		217			989			4,339
Adjusted EBITDA	$	48,215		$	52,382		$	49,368

Summary of Revenues by Geographic Area

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

	Year Ended February 28,
	2019		2018		2017
United States	$	268,453	$	265,613	$	259,974
Europe, Middle East and Africa		49,496		45,830		49,918
South America		15,134		20,699		17,738
Canada		9,815		14,958		8,412
Asia and Pacific Rim		13,958		12,873		8,967
All other		6,944		5,939		6,093
	$	363,800	$	365,912	$	351,102