DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

May 31, 2020

Summary of Impact of Immaterial Adjustments Related to the Presentation of Revenues and Cost of Revenues between Products and Services

Subsequent to the issuance of the consolidated financial statements for the year ended February 29, 2020, we concluded that the presentation of revenues and cost of revenues should be adjusted to present product and service revenues and the related cost of revenues for each separately in accordance with SEC Regulation S-X, Rule 5-03(b). Additionally, certain historical information in the notes to the condensed consolidated financial statements have been revised to reflect the impact of these corrections. We have determined that the correction of these classification errors is not material to the previously issued consolidated financial statements. The following table summarizes the impact of the immaterial adjustments.

	Three Months Ended May 31, 2019
	As Reported		Adjustment			As Corrected
Revenues:
Products	$	63,559	$	2,204		$	65,763
Application subscriptions and other services		25,511		(2,204	)		23,307
Total revenues	$	89,070	$	-		$	89,070
Cost of revenues:
Products	$	38,548	$	1,258		$	39,806
Application subscriptions and other services		15,111		(1,258	)		13,853
Total cost of revenues	$	53,659	$	-		$	53,659

	Three Months Ended May 31, 2019
	As Reported		Adjustment			As Corrected
Revenue by type of goods and services:
Telematics devices and accessories	$	68,168	$	(2,405	)	$	65,763
Rental income and other services		1,947		2,483			4,430
Recurring application subscriptions		18,955		(78	)		18,877
Total	$	89,070	$	-		$	89,070
Revenue by timing of revenue recognition:
Revenue recognized at a point in time	$	68,168	$	1,116		$	69,284
Revenue recognized over time		20,902		(1,116	)		19,786
Total	$	89,070	$	-		$	89,070

ASU 2014-09 [Member]

Summary of Disaggregation of Revenue by Type of Goods and Services and by Timing of Revenue Recognition which Reflect the Immaterial Adjustments

We disaggregate revenue from contracts with customers into reportable segments, geography, type of goods and services and timing of revenue recognition. See Note 16 for our revenue by segment and geography. The disaggregation of revenue by type of goods and services and by timing of revenue recognition, which reflect the immaterial corrections as discussed below, was as follows (in thousands):

	Three Months Ended
	May 31,
	2020		2019
Revenue by type of goods and services:
Telematics devices and accessories	$	53,106	$	65,763
Rental income and other services		2,437		4,430
Recurring application subscriptions		24,672		18,877
Total	$	80,215	$	89,070

	Three Months Ended
	May 31,
	2020		2019
Revenue by timing of revenue recognition:
Revenue recognized at a point in time	$	55,227	$	69,284
Revenue recognized over time		24,988		19,786
Total	$	80,215	$	89,070