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Goodwill and Intangible Assets (Tables)
9 Months Ended
Nov. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

The change in goodwill by segment is as follows:

 

Automotive Electronics:

 

Amount

 

Beginning balance at March 1, 2023

 

$

3,052

 

Activity during the period

 

 

 

Balance at November 30, 2023

 

$

3,052

 

Gross carrying value at November 30, 2023

 

$

10,425

 

Accumulated impairment charge

 

 

(7,373

)

Net carrying value at November 30, 2023

 

$

3,052

 

Consumer Electronics:

 

 

 

Beginning balance at March 1, 2023

 

$

62,256

 

Foreign currency adjustments

 

 

(1,186

)

Balance at November 30, 2023

 

$

61,070

 

Gross carrying value at November 30, 2023

 

$

93,581

 

Accumulated impairment charge

 

 

(32,511

)

Net carrying value at November 30, 2023

 

$

61,070

 

Total Goodwill, net

 

$

64,122

 

 

The Company's Biometrics segment did not carry a goodwill balance at November 30, 2023 or February 28, 2023.

Schedule of Intangible Assets, Excluding Goodwill

At November 30, 2023, intangible assets consisted of the following:

 

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Total Net
Book
Value

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

53,961

 

 

$

45,306

 

 

$

8,655

 

Trademarks/Tradenames

 

 

20,446

 

 

 

4,610

 

 

 

15,836

 

Developed technology

 

 

19,035

 

 

 

15,463

 

 

 

3,572

 

Patents

 

 

6,736

 

 

 

6,058

 

 

 

678

 

License

 

 

1,400

 

 

 

1,400

 

 

 

 

Contracts

 

 

1,556

 

 

 

1,556

 

 

 

 

Total finite-lived intangible assets

 

$

103,134

 

 

$

74,393

 

 

 

28,741

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

Trademarks

 

 

 

 

 

 

 

 

56,019

 

Total intangible assets, net

 

 

 

 

 

 

 

$

84,760

 

 

 

At February 28, 2023, intangible assets consisted of the following:

 

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Total Net
Book
Value

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

53,790

 

 

$

42,786

 

 

$

11,004

 

Trademarks/Tradenames

 

 

21,205

 

 

 

3,360

 

 

 

17,845

 

Developed technology

 

 

19,434

 

 

 

14,645

 

 

 

4,789

 

Patents

 

 

6,736

 

 

 

5,845

 

 

 

891

 

License

 

 

1,400

 

 

 

1,400

 

 

 

 

Contracts

 

 

1,556

 

 

 

1,556

 

 

 

 

Total finite-lived intangible assets

 

$

104,121

 

 

$

69,592

 

 

 

34,529

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

Trademarks

 

 

 

 

 

 

 

 

55,908

 

Total intangible assets, net

 

 

 

 

 

 

 

$

90,437

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense The estimated aggregate amortization expense for all amortizable intangibles for November 30 of each of the succeeding years is as follows:

 

Year

 

Amount

 

2024

 

$

5,914

 

2025

 

 

5,745

 

2026

 

 

4,061

 

2027

 

 

3,171

 

2028

 

 

2,934