DISCONTINUED OPERATIONS (Tables)

3 Months Ended

May 31, 2021

Discontinued Operations And Disposal Groups [Abstract]

Summary of Financial Results of Discontinued Operations

The below table presents the amounts by balance sheet classification related to our discontinued operations (in thousands):

	February 28,
	2021
Carrying amounts of the major classes of assets included in discontinued    operations:
Accounts receivable, net	$	5,050
Inventories		1,721
Prepaid expenses and other current assets		1,101
Total assets	$	7,872
Carrying amounts of the major classes of liabilities included in discontinued    operations:
Accounts payable	$	1,956
Deferred revenue		1,849
Other current liabilities		291
Current liabilities of discontinued operations		4,096
Non-current liabilities		1,773
Total liabilities	$	5,869

The amounts in the statement of operations that are included in discontinued operations are summarized in the following table (in thousands):

	Three Months Ended
	May 31,
	2021			2020
Revenues	$	823		$	6,484
Cost of revenues		950			4,535
Gross profit (loss)		(127	)		1,949
Operating expenses:
Research and development		32			388
Selling and marketing		167			2,450
General and administrative		75			1,905
Intangible asset amortization		141			716
Restructuring		404			35
Impairment losses		-			4,289
Total operating expenses		819			9,783
Operating loss from discontinued operations		(946	)		(7,834	)
Gain on sale of discontinued operations		4,998			-
Net income (loss) from discontinued operations, net of tax	$	4,052		$	(7,834	)

The amounts in the statement of cash flow that are included in discontinued operations are summarized in the following table (in thousands):

	Three Months Ended
	May 31,
	2021			2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) from discontinued operations, net of tax	$	4,052		$	(7,834	)
Adjustments to reconcile net income (loss) from discontinued    operations to net cash used in operating activities:
Depreciation		-			688
Intangible asset amortization		141			716
Stock-based compensation		25			376
Impairment losses		-			4,289
Gain on sale of discontinued operations		(4,998	)		-
Noncash operating lease cost		-			891
Changes in operating assets and liabilities:
Accounts receivable		452			3,182
Inventories		425			154
Prepaid expenses and other current assets		4			71
Accounts payable		(331	)		(706	)
Accrued liabilities		(135	)		(882	)
Deferred revenue		(30	)		(195	)
Operating lease liabilities		-			(991	)
NET CASH USED IN OPERATING ACTIVITIES    OF DISCONTINUED OPERATIONS		(395	)		(241	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		-			(329	)
Proceeds from sale of discontinued operations		6,616			-
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES    OF DISCONTINUED OPERATIONS		6,616			(329	)
Net change in cash and cash equivalents		6,221			(570	)