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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Nov. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Other Intangible Assets

Other intangible assets consist of the following (in thousands):

 

 

 

 

 

Gross (2)

 

 

Accumulated Amortization (2)

 

 

Net

 

 

 

Useful Life

 

February 28, 2022

 

 

Additions & Adjustments, net (1)

 

 

 

November 30, 2022

 

 

February 28, 2022

 

 

Expense

 

 

November 30, 2022

 

 

February 28, 2022

 

 

November 30, 2022

 

Developed technology

 

4-6 years

 

$

26,958

 

 

 

(77

)

 

 

$

26,881

 

 

$

25,470

 

 

$

949

 

 

$

26,419

 

 

$

1,488

 

 

$

462

 

Tradenames

 

10 years

 

 

30,192

 

 

 

(165

)

 

 

 

30,027

 

 

 

20,571

 

 

 

1,600

 

 

 

22,171

 

 

 

9,621

 

 

 

7,856

 

Customer relationships

 

10-15 years

 

 

35,404

 

 

 

7

 

 

 

 

35,411

 

 

 

14,883

 

 

 

1,442

 

 

 

16,325

 

 

 

20,521

 

 

 

19,086

 

Patents

 

5 years

 

 

589

 

 

 

 

 

 

 

589

 

 

 

254

 

 

 

4

 

 

 

258

 

 

 

335

 

 

 

331

 

 

 

 

 

$

93,143

 

 

$

(235

)

 

 

$

92,908

 

 

$

61,178

 

 

$

3,995

 

 

$

65,173

 

 

$

31,965

 

 

$

27,735

 

 

(1)

Amounts also include any net changes in intangible asset balances for the periods presented that resulted from foreign currency translations.

(2)

This table excludes the gross value of fully amortized intangible assets totaling $23.0 million at November 30, 2022 and February 28, 2022.

 

Schedule of Future Amortization Expense

Estimated future amortization expense as of November 30, 2022 is as follows (in thousands):

 

2023 (remainder)

 

$

1,331

 

2024

 

 

4,487

 

2025

 

 

4,373

 

2026

 

 

4,097

 

2027

 

 

2,476

 

Thereafter

 

 

10,971

 

 

 

$

27,735

 

Schedule of Goodwill

Changes in goodwill are as follows (in thousands):

 

 

Software & Subscription Services

 

 

Telematics Products

 

 

Total

 

Balance as of February 28, 2022

$

55,256

 

 

$

39,180

 

 

$

94,436

 

Effect of exchange rate change on goodwill

 

(586

)

 

 

 

 

 

(586

)

Balance as of November 30, 2022

$

54,670

 

 

$

39,180

 

 

$

93,850