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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
May 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Other Intangible Assets

Other intangible assets consist of the following (in thousands):

 

 

 

 

 

Gross

 

 

Accumulated Amortization

 

 

Effect of Foreign Currency Translation

 

 

Net

 

 

 

Useful Life

 

Feb. 28,

2019

 

 

Addi-

tions

 

 

May 31,

2019

 

 

Feb. 28,

2019

 

 

Expense

 

 

May 31,

2019

 

 

May 31, 2019

 

 

Feb. 28, 2019

 

 

May 31,

2019

 

 

Feb. 28,

2019

 

Developed technology

 

2-7 years

 

$

23,603

 

 

 

3,800

 

 

$

27,403

 

 

$

18,253

 

 

$

725

 

 

$

18,978

 

 

 

(65

)

 

 

 

 

$

8,360

 

 

$

5,350

 

Tradenames

 

10 years

 

 

40,091

 

 

 

1,600

 

 

 

41,691

 

 

 

12,644

 

 

 

969

 

 

 

13,613

 

 

 

(81

)

 

 

 

 

 

27,997

 

 

 

27,447

 

Customer lists

 

4-7 years

 

 

25,304

 

 

 

 

 

 

25,304

 

 

 

21,307

 

 

 

419

 

 

 

21,726

 

 

 

 

 

 

 

 

 

3,578

 

 

 

3,997

 

Dealer and customer relationships

 

7-12 years

 

 

16,850

 

 

 

23,700

 

 

 

40,550

 

 

 

6,908

 

 

 

918

 

 

 

7,826

 

 

 

(82

)

 

 

 

 

 

32,642

 

 

 

9,942

 

Patents

 

5 years

 

 

589

 

 

 

 

 

 

589

 

 

 

160

 

 

 

9

 

 

 

169

 

 

 

 

 

 

 

 

 

420

 

 

 

429

 

 

 

 

 

$

106,437

 

 

$

29,100

 

 

$

135,537

 

 

$

59,272

 

 

$

3,040

 

 

$

62,312

 

 

$

(227

)

 

$

-

 

 

$

72,998

 

 

$

47,165

 

Schedule of Future Amortization Expense

Estimated future amortization expense as of May 31, 2019 is as follows (in thousands):

 

2020 (remainder)

 

$

10,091

 

2021

 

 

11,493

 

2022

 

 

9,860

 

2023

 

 

9,639

 

2024

 

 

6,451

 

Thereafter

 

 

25,464

 

 

 

$

72,998

 

Schedule of Goodwill

Changes in goodwill are as follows (in thousands):

 

 

Telematics Systems

 

 

Software & Subscription Services

 

 

Total

 

Balance as of February 28, 2019

$

51,203

 

 

$

29,602

 

 

$

80,805

 

Acquisition of Synovia and LoJack Mexico (Note 2)

 

 

 

 

22,401

 

 

 

22,401

 

Other (1)

 

 

 

 

(52

)

 

 

(52

)

Balance as of May 31, 2019

$

51,203

 

 

$

51,951

 

 

$

103,154

 

 

 

(1)

Amount represents adjustment to the preliminary Goodwill from the Tracker UK acquisition.