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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Feb. 28, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
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

 

-

 

 

 

-

 

 

 

(12,023

)

 

$

(12,023

)

Effect of exchange rate change on goodwill

 

305

 

 

 

-

 

 

 

-

 

 

 

305

 

Balance as of February 28, 2021

$

55,437

 

 

$

39,180

 

 

$

-

 

 

$

94,617

 

 

Schedule of Other Intangible Assets

Other intangible assets are comprised as follows (in thousands, except years):

 

 

 

 

 

Gross

 

 

Accumulated Amortization

 

 

Net

 

 

 

Useful

Life

 

Feb. 29,

2020

 

 

Currency Adjustments

 

 

Impair-

ment

 

 

Feb. 28,

2021

 

 

Feb. 29,

2020

 

 

Expense

 

 

Feb. 28,

2021

 

 

Feb. 29,

2020

 

 

Feb. 28,

2021

 

Developed technology (1)

 

4-6 years

 

$

27,363

 

 

 

109

 

 

 

(478

)

 

$

26,994

 

 

$

21,437

 

 

 

2,620

 

 

$

24,057

 

 

$

5,926

 

 

$

2,937

 

Tradenames

 

10 years

 

 

30,093

 

 

 

164

 

 

 

-

 

 

 

30,257

 

 

 

16,303

 

 

 

2,125

 

 

 

18,428

 

 

 

13,790

 

 

 

11,829

 

Customer lists

 

4-7 years

 

 

25,304

 

 

 

-

 

 

 

-

 

 

 

25,304

 

 

 

22,903

 

 

 

48

 

 

 

22,951

 

 

 

2,401

 

 

 

2,353

 

Dealer and customer relationships (1)

 

10-15 years

 

 

34,139

 

 

 

(217

)

 

 

(1,005

)

 

 

32,917

 

 

 

10,753

 

 

 

2,149

 

 

 

12,902

 

 

 

23,386

 

 

 

20,015

 

Patents

 

5 years

 

 

589

 

 

 

-

 

 

 

-

 

 

 

589

 

 

 

197

 

 

 

38

 

 

 

235

 

 

 

392

 

 

 

354

 

 

 

 

 

$

117,488

 

 

$

56

 

 

$

(1,483

)

 

$

116,061

 

 

$

71,593

 

 

$

6,980

 

 

$

78,573

 

 

$

45,895

 

 

$

37,488

 

 

 

(1)

A combined total of $2.9 million as of February 29, 2020 relates to LoJack US SVR Products, which is included within Non-current assets of discontinued operations shown separately in our consolidated balance sheet. The balance was fully impaired as of February 28, 2021.

 

Schedule of Future Amortization Expense

Estimated future amortization expense as of February 28, 2021 is as follows (in thousands):

 

2022

 

$

5,541

 

2023

 

 

5,390

 

2024

 

 

4,545

 

2025

 

 

4,430

 

2026

 

 

4,108

 

Thereafter

 

 

13,474

 

 

 

$

37,488