RESTRUCTURING CHARGES

12 Months Ended

Feb. 28, 2022

Restructuring And Related Activities [Abstract]

NOTE 12 – RESTRUCTURING CHARGES

In fiscal 2019, we commenced a plan (the “Plan”) to capture certain synergies and cost savings related to streamlining our global operations and sales organization, as well as rationalize certain leased properties that were not fully occupied. Our Plan is aligned with our strategy to integrate the global sales organization and further outsource manufacturing functions in order to drive operational efficiency, increase supplier geographic diversity, and reduce operating expenses. To date, total restructuring charges are $17.9 million, comprised primarily of $11.1 million in severance and employee related costs, and $6.8 million for vacant office and manufacturing facility as well as terminated tower infrastructure leases. Restructuring charges related to vacant office and manufacturing facility space were due primarily to the vacancy in Canton, Massachusetts of $3.3 million. Substantially all charges related to severance and employee costs were under the Telematics Products reportable segment.

The following table summarizes the charges resulting from the implementation of the restructuring plan for the fiscal years ended February 28/29, 2022, 2021 and 2020 (in thousands):

	Years ended February 28/29,
	2022						2021						2020
	Personnel		Facilities		Total		Personnel		Facilities		Total		Personnel		Facilities		Total
Cost of revenue	$	218	$	376	$	594	$	530	$	850	$	1,380	$	493	$	1,853	$	2,346
Research and development		57		-		57		33		-		33		222		-		222
Selling and marketing		247		-		247		820		-		820		601		-		601
General and administrative		100		6		106		2,521		-		2,521		1,231		-		1,231
Total	$	622	$	382	$	1,004	$	3,904	$	850	$	4,754	$	2,547	$	1,853	$	4,400

Total restructuring charges of $0.4 million, $2.2 million, and $1.9 million for fiscal years ended February 28/29, 2022, 2021 and 2020 were included as part of the discontinued operations, respectively.

The following table summarizes the activity resulting from the implementation of the restructuring plan within other current and non-current liabilities (in thousands):

	Personnel			Facilities			Total
Restructuring liabilities as of February 29, 2020	$	2,383		$	359		$	2,742
Charges		3,905			850			4,755
Payments		(3,651	)		(318	)		(3,969	)
Restructuring liabilities as of February 28, 2021	$	2,637		$	891		$	3,528
Charges		622			382			1,004
Payments		(3,129	)		(424	)		(3,553	)
Restructuring liabilities as of February 28, 2022	$	130		$	849		$	979

The restructuring liabilities related to personnel were included in accrued payroll and employee benefits in our consolidated balance sheets as of February 28, 2022 and 2021.