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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Feb. 29, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
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 Tracker, Synovia and LoJack Mexico

 

 

-

 

 

 

25,810

 

 

 

25,810

 

Effect of exchange rate change on goodwill

 

 

-

 

 

 

(280

)

 

 

(280

)

Balance as of February 29, 2020

 

$

51,203

 

 

$

55,132

 

 

$

106,335

 

 

Schedule of Other Intangible Assets

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

 

 

 

 

 

Gross

 

 

Accumulated Amortization

 

 

Effect of Foreign

Currency Translation

 

 

Net

 

 

 

Useful

 

Feb. 28,

 

 

Addi-

 

 

Impair-

 

 

Feb. 29,

 

 

Feb. 28,

 

 

 

 

 

 

Feb. 29,

 

 

Feb. 29,

 

 

Feb. 28,

 

 

Feb. 29,

 

 

 

Life

 

2019

 

 

tions

 

 

ment

 

 

2020

 

 

2019

 

 

Expense

 

 

2020

 

 

2020

 

 

2019

 

 

2020

 

Developed technology

 

2-7 years

 

$

23,603

 

 

 

3,800

 

 

 

-

 

 

$

27,403

 

 

$

18,253

 

 

 

3,184

 

 

$

21,437

 

 

$

(40

)

 

$

5,350

 

 

$

5,926

 

Tradenames

 

10 years

 

 

40,091

 

 

 

1,600

 

 

 

(11,540

)

 

 

30,151

 

 

 

12,644

 

 

 

3,659

 

 

 

16,303

 

 

 

(58

)

 

 

27,447

 

 

 

13,790

 

Customer lists

 

4-7 years

 

 

25,304

 

 

 

-

 

 

 

-

 

 

 

25,304

 

 

 

21,307

 

 

 

1,596

 

 

 

22,903

 

 

 

-

 

 

 

3,997

 

 

 

2,401

 

Dealer and customer relationships

 

7-12 years

 

 

16,850

 

 

 

23,700

 

 

 

(6,194

)

 

 

34,356

 

 

 

6,908

 

 

 

3,845

 

 

 

10,753

 

 

 

(217

)

 

 

9,942

 

 

 

23,386

 

Patents

 

5 years

 

 

589

 

 

 

-

 

 

 

-

 

 

 

589

 

 

 

160

 

 

 

37

 

 

 

197

 

 

 

-

 

 

 

429

 

 

 

392

 

 

 

 

 

$

106,437

 

 

$

29,100

 

 

$

(17,734

)

 

$

117,803

 

 

$

59,272

 

 

$

12,321

 

 

$

71,593

 

 

$

(315

)

 

$

47,165

 

 

$

45,895

 

 

Schedule of Future Amortization Expense

Estimated future amortization expense as of February 29, 2020 is as follows (in thousands):

 

2021

 

$

7,625

 

2022

 

 

5,990

 

2023

 

 

5,771

 

2024

 

 

4,539

 

2025

 

 

4,410

 

Thereafter

 

 

17,560

 

 

 

$

45,895