DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Nov. 30, 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						Nine Months Ended
	November 30,						November 30,
	2021			2020			2021			2020
Revenues	$	—		$	9,500		$	823		$	25,124
Cost of revenues		—			5,733			950			16,061
Gross profit (loss)		—			3,767			(127	)		9,063
Operating expenses:
Research and development		—			367			32			1,171
Selling and marketing		—			2,817			167			7,283
General and administrative		—			1,680			75			5,307
Intangible asset amortization		—			654			141			2,024
Restructuring		—			192			404			634
Impairment losses		—			17,999			—			22,288
Total operating expenses		—			23,709			819			38,707
Operating loss from discontinued operations		—			(19,942	)		(946	)		(29,644	)
Gain (loss) on sale of discontinued operations		(895	)		—			4,103			—
Net income (loss) from discontinued operations, net of tax	$	(895	)	$	(19,942	)	$	3,157		$	(29,644	)

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

	Nine Months Ended
	November 30,
	2021			2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) from discontinued operations, net of tax	$	3,157		$	(29,644	)
Adjustments to reconcile net income (loss) from discontinued operations to net cash used in operating activities:
Depreciation		—			2,145
Intangible asset amortization		141			2,024
Stock-based compensation		25			1,133
Impairment losses		—			22,288
Gain on sale of discontinued operations		(4,103	)		—
Noncash operating lease cost		—			2,218
Changes in operating assets and liabilities:
Accounts receivable		452			972
Inventories		425			1,943
Prepaid expenses and other current assets		4			514
Accounts payable		(331	)		(3,580	)
Accrued liabilities		(135	)		(1,631	)
Deferred revenue		(30	)		(46	)
Operating lease liabilities		—			(2,513	)
NET CASH USED IN OPERATING ACTIVITIES OF DISCONTINUED OPERATIONS		(395	)		(4,177	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		—			(2,117	)
Net proceeds from sale of discontinued operations		5,721			—
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS		5,721			(2,117	)
Net change in cash and cash equivalents	$	5,326		$	(6,294	)