GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Nov. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

NOTE 4 – GOODWILL AND 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			Nov. 30, 2020		Feb. 29, 2020		Expense		Nov. 30, 2020		Feb. 29, 2020		Nov. 30, 2020
Developed technology	4-6 years	$	27,363		51			(478	)	$	26,936	$	21,437	$	2,269	$	23,706	$	5,926	$	3,230
Tradenames	10 years		30,093		74			—			30,167		16,303		1,591		17,894		13,790		12,273
Customer lists	4-7 years		25,304		—			—			25,304		22,903		48		22,951		2,401		2,353
Dealer and customer relationships	10-15 years		34,139		(3	)		(1,005	)		33,131		10,753		1,656		12,409		23,386		20,722
Patents	5 years		589		—			—			589		197		27		224		392		365
		$	117,488	$	122		$	(1,483	)	$	116,127	$	71,593	$	5,591	$	77,184	$	45,895	$	38,943

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

Intangible assets with finite lives are amortized on a straight-line basis over the expected period to be benefited by future cash flows. We monitor and assess these assets for impairment on a periodic basis. Our assessment includes various new product lines and services, which leverage the existing intangible assets as well as consideration of historical and projected revenues and cash flows. Based upon our decision to commence with the wind down of the LoJack U.S. SVR business, we performed an assessment of the carrying amount of the related intangible assets supporting these products. Our assessment of the future cash flows generated by these assets concluded that an impairment loss was present and recorded an impairment loss of $0.5 million for Developed technology and $1.0 million for U.S. dealer relationships during nine months ended November 30, 2020.

Estimated future amortization expense as of November 30, 2020 is as follows (in thousands):

2021 (remainder)	$	1,554
2022		5,533
2023		5,381
2024		4,537
2025		4,422
Thereafter		17,516
	$	38,943

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		—		—		(12,023	)		(12,023	)
Effect of exchange rate change on goodwill		156		—		—			156
Balance as of November 30, 2020	$	55,288	$	39,180	$	-		$	94,468

In the first quarter of fiscal 2021, we recorded a goodwill impairment loss of $3.9 million related to the LoJack U.S. SVR Products reporting unit. An impairment loss equal to the remaining U.S. SVR Products goodwill balance of $8.1 million was recorded in the third quarter of fiscal 2021 in connection with our decision to wind down the LoJack U.S. SVR Products business (Note 1).