INCOME TAXES (Tables)

12 Months Ended

Feb. 29, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

Our income (loss) before income taxes and equity in net loss of affiliate consists of the following (in thousands):

	Year Ended February 29/28,
	2020			2019		2018
Domestic	$	(59,133	)	$	21,367	$	13,898
Foreign		813			2,488		14,811
Total income (loss) before income taxes and equity in net loss of affiliate	$	(58,320	)	$	23,855	$	28,709

Components of Income Tax Benefit (Provision)

The components of income tax benefit (provision) consists of the following (in thousands):

	Year Ended February 29/28,
	2020			2019			2018
Current:
Federal	$	-		$	404		$	(412	)
State		(273	)		(256	)		(694	)
Foreign		(1,629	)		(62	)		(2,204	)
Total current		(1,902	)		86			(3,310	)
Deferred:
Federal		(12,852	)		(2,015	)		(6,156	)
State		(10,645	)		(1,183	)		(1,458	)
Foreign		4,945			4,442			243
Total deferred		(18,552	)		1,244			(7,371	)
Income tax benefit (provision)	$	(20,454	)	$	1,330		$	(10,681	)

Reconciliation of Effective Income Tax Benefit (Provision)

The income tax benefit (provision) differs from the amount obtained by applying the statutory rate as follows (in thousands):

	Year Ended February 29/28,
	2020			2019			2018
Income tax benefit (provision) at U.S. statutory federal rate	$	12,248		$	(5,010	)	$	(9,400	)
State income tax benefit (provision), net of federal income tax effect		1,218			(1,300	)		(574	)
Foreign taxes benefit (provision)		(50	)		(31	)		2,923
Impact of tax reform		-			-			(8,955	)
U.S. taxes on foreign income		(571	)
Valuation allowance reductions (increases)		(34,631	)		5,915			3,046
Research and other tax credits		2,594			1,658			1,034
Tax benefits on vested and exercised equity awards		(606	)		-			937
Other, net		(656	)		98			308
Total income tax benefit (provision)	$	(20,454	)	$	1,330		$	(10,681	)

Schedule of Net Deferred Tax Income Assets

The components of net deferred income tax assets for income tax purposes are as follows (in thousands):

	February 29/28,
	2020			2019
Net operating loss carryforwards	$	22,500		$	19,269
Depreciation, amortization and impairments		(10,528	)		(11,945	)
Research and development credits		20,603			19,189
Stock-based compensation		2,556			2,783
Other tax credits		2,172			1,018
Capitalized research costs		3,389			-
Lease liabilities		7,455			-
Payroll and employee benefit accruals		2,077			2,220
Allowance for doubtful accounts		965			454
Other accrued liabilities		4,887			6,208
Convertible debt		(9,477	)		(10,822	)
Other, net		3,276			4,218
Gross deferred tax assets		49,875			32,592
Valuation allowance		(45,560	)		(10,929	)
Net deferred tax assets	$	4,315		$	21,663
Reported as:
Deferred tax assets	$	4,437		$	22,626
Deferred tax liabilities		(122	)		(963	)
Net deferred tax assets	$	4,315		$	21,663

Summary of Unrecognized Tax Benefits

	Year Ended February 28/29,
	2020			2019			2018
Gross amounts of unrecognized tax benefits as of the beginning of the period	$	3,201		$	1,029		$	1,029
Increases related to prior period tax positions		-			2,241			-
Decreases related to prior period tax positions		(1,029	)		(69	)		-
Increases related to current period tax positions		-			-			-
Settlements		-			-			-
Gross amounts of unrecognized tax benefits as of the end of the period	$	2,172		$	3,201		$	1,029