Goodwill and Intangible Assets

6 Months Ended

Aug. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

(11) Goodwill and Intangible Assets

The change in goodwill by segment is as follows:

Automotive Electronics:	Amount
Beginning balance at March 1, 2022	$	10,425
Activity during the period		—
Balance at August 31, 2022	$	10,425
Gross carrying value at August 31, 2022	$	10,425
Accumulated impairment charge		—
Net carrying value at August 31, 2022	$	10,425
Consumer Electronics:
Beginning balance at March 1, 2022	$	63,895
Goodwill acquired during the period		-
Foreign currency adjustments		(2,908	)
Balance at August 31, 2022	$	60,987
Gross carrying value at August 31, 2022	$	93,150
Accumulated impairment charge		(32,163	)
Net carrying value at August 31, 2022	$	60,987
Total Goodwill, net	$	71,412

The Company's Biometrics segment did not carry a goodwill balance at August 31, 2022 or February 28, 2022.

At August 31, 2022, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	53,448	$	40,749	$	12,699
Trademarks/Tradenames		15,469		2,583		12,886
Developed technology		19,363		13,966		5,397
Patents		6,735		5,704		1,031
License		1,400		1,400		—
Contracts		1,556		1,556		—
Total finite-lived intangible assets	$	97,971	$	65,958		32,013
Indefinite-lived intangible assets
Trademarks						62,586
Total intangible assets, net					$	94,599

At February 28, 2022, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	54,138	$	39,669	$	14,469
Trademarks/Tradenames		17,466		1,927		15,539
Developed technology		20,413		13,179		7,234
Patents		6,736		5,562		1,174
License		1,400		1,400		—
Contracts		1,556		1,556		—
Total finite-lived intangible assets	$	101,709	$	63,293		38,416
Indefinite-lived intangible assets
Trademarks						63,034
Total intangible assets, net					$	101,450

The Company recorded amortization expense of $1,663 and $3,588, respectively, for the three and six months ended August 31, 2022 compared to $1,375 and $2,786 for the three and six months ended August 31, 2021, respectively. The estimated aggregate amortization expense for all amortizable intangibles for August 31 of each of the succeeding years is as follows:

Year	Amount
2023	$	5,968
2024		5,699
2025		5,483
2026		4,338
2027		2,995