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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Aug. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Other Intangible Assets

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

 

 

 

 

 

Gross

 

 

Accumulated Amortization

 

 

Net

 

 

 

Useful Life

 

Feb. 29,

2020

 

 

Additions & Adjustments, net (1)

 

 

Impair-

ment

 

 

Aug. 31,

2020

 

 

Feb. 29,

2020

 

 

Expense

 

 

Aug. 31,

2020

 

 

Feb. 29,

2020

 

 

Aug. 31,

2020

 

Developed technology

 

2-7 years

 

$

27,363

 

 

 

56

 

 

 

 

 

$

27,419

 

 

$

21,437

 

 

$

1,511

 

 

$

22,948

 

 

$

5,926

 

 

$

4,471

 

Tradenames

 

10 years

 

 

30,093

 

 

 

81

 

 

 

 

 

 

30,174

 

 

 

16,303

 

 

 

1,059

 

 

 

17,362

 

 

 

13,790

 

 

 

12,812

 

Customer lists

 

4-7 years

 

 

25,304

 

 

 

 

 

 

 

 

 

25,304

 

 

 

22,903

 

 

 

48

 

 

 

22,951

 

 

 

2,401

 

 

 

2,353

 

Dealer and customer relationships

 

7-12 years

 

 

34,139

 

 

 

(527

)

 

 

(365

)

 

 

33,247

 

 

 

10,753

 

 

 

1,098

 

 

 

11,851

 

 

 

23,386

 

 

 

21,396

 

Patents

 

5 years

 

 

589

 

 

 

 

 

 

 

 

 

589

 

 

 

197

 

 

 

20

 

 

 

217

 

 

 

392

 

 

 

372

 

 

 

 

 

$

117,488

 

 

$

(390

)

 

$

(365

)

 

$

116,733

 

 

$

71,593

 

 

$

3,736

 

 

$

75,329

 

 

$

45,895

 

 

$

41,404

 

 

(1)

Amounts also include any net changes in intangible asset balances for the periods presented that resulted from foreign currency translations.

Schedule of Future Amortization Expense

Estimated future amortization expense as of August 31, 2020 is as follows (in thousands):

 

2021 (remainder)

 

$

3,895

 

2022

 

 

5,830

 

2023

 

 

5,610

 

2024

 

 

4,498

 

2025

 

 

4,374

 

Thereafter

 

 

17,197

 

 

 

$

41,404

 

Schedule of Goodwill

Changes in goodwill are as follows (in thousands):

 

 

Software & Subscription Services

 

 

Telematics Products

 

 

LoJack U.S. SVR Products

 

 

Total

 

Balance as of February 29, 2020

$

55,132

 

 

$

39,180

 

 

$

12,023

 

 

$

106,335

 

Impairment loss

 

 

 

 

 

 

 

(3,924

)

 

 

(3,924

)

Effect of exchange rate change on goodwill

 

(249

)

 

 

 

 

 

 

 

 

(249

)

Balance as of August 31, 2020

$

54,883

 

 

$

39,180

 

 

$

8,099

 

 

$

102,162