SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

9 Months Ended

Nov. 30, 2020

Segment Reporting [Abstract]

Summary of Segment Information

Segment information is as follows (in thousands):

	Three Months Ended November 30, 2020															Three Months Ended November 30, 2019
	Reportable Segments															Reportable Segments
	Software & Subscription Services			Telematics Products			LoJack U.S. SVR Products			Corporate Expenses			Total			Software & Subscription Services			Telematics Products			LoJack U.S. SVR Products			Corporate Expenses			Total
Revenues	$	34,396		$	44,071		$	9,545					$	88,012		$	33,405		$	51,895		$	11,297					$	96,597
Gross profit	$	17,266		$	13,804		$	3,935					$	35,005		$	15,928		$	16,116		$	4,840					$	36,884
Gross margin		50	%		31	%		41	%					40	%		48	%		31	%		43	%					38	%
Adjusted EBITDA	$	8,927		$	766		$	87		$	(1,009	)	$	8,771		$	7,254		$	4,700		$	(182	)	$	(867	)	$	10,905

	Nine Months Ended November 30, 2020															Nine Months Ended November 30, 2019
	Operating Segments															Operating Segments
	Software & Subscription Services			Telematics Products			LoJack U.S. SVR Products			Corporate Expenses			Total			Software & Subscription Services			Telematics Products			LoJack U.S. SVR Products			Corporate Expenses			Total
Revenues	$	96,121		$	130,342		$	25,301					$	251,764		$	90,121		$	152,027		$	36,755					$	278,903
Gross profit	$	47,583		$	39,885		$	9,400					$	96,868		$	39,688		$	54,344		$	15,933					$	109,965
Gross margin		50	%		31	%		37	%					38	%		44	%		36	%		43	%					39	%
Adjusted EBITDA	$	22,854		$	2,413		$	(1,259	)	$	(3,327	)	$	20,681		$	13,575		$	17,904		$	1,121		$	(3,479	)	$	29,121

Summary of Adjusted EBITDA

The adjustments to our net income (losses) prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to calculate Adjusted EBITDA are itemized below (in thousands):

	Three Months Ended November 30,						Nine Months Ended November 30,
	2020			2019			2020			2019
Net loss	$	(23,680	)	$	(7,415	)	$	(47,580	)	$	(23,477	)
Investment income		(584	)		(1,108	)		(1,282	)		(4,445	)
Interest expense		3,880			4,987			11,814			15,998
Income tax provision (benefit)		319			(2,637	)		825			(6,236	)
Depreciation		5,025			5,018			15,008			14,054
Amortization of intangible assets		1,855			3,325			5,591			9,683
Stock-based compensation		3,030			3,652			8,624			9,378
Loss on extinguishment of debt		—			2,408			—			2,408
Impairment loss		17,999			—			22,574			—
Restructuring charges		92			848			2,551			3,120
Non-recurring legal expenses		205			957			1,168			5,541
Acquisition and integration related expenses		—			382			—			1,572
Other		630			488			1,388			1,525
Adjusted EBITDA	$	8,771		$	10,905		$	20,681		$	29,121

Summary of Revenues by Geographic Area

Revenues by geographic area are as follows (in thousands):

	Three Months Ended				Nine Months Ended
	November 30,				November 30,
	2020		2019		2020		2019
United States	$	60,823	$	69,961	$	171,318	$	201,678
Europe, Middle East and Africa		13,771		14,818		45,214		41,625
South America		7,349		5,518		19,078		16,494
Asia and Pacific Rim		4,034		3,044		8,077		7,394
All other		2,035		3,256		8,077		11,712
	$	88,012	$	96,597	$	251,764	$	278,903