Goodwill and Intangible Assets

6 Months Ended

Aug. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

(10)	Goodwill and Intangible Assets

The change in goodwill by segment is as follows:

Automotive Electronics:	Amount
Beginning balance at March 1, 2019	$	8,252
Activity during the period		—
Balance at August 31, 2019	$	8,252
Gross carrying amount at May 31, 2019	$	8,252
Accumulated impairment charge		—
Net carrying amount at August 31, 2019	$	8,252
Consumer Electronics:
Beginning balance at March 1, 2019	$	46,533
Activity during the period		—
Balance at August 31, 2019	$	46,533
Gross carrying amount at August 31, 2019	$	78,696
Accumulated impairment charge		(32,163	)
Net carrying amount at August 31, 2019	$	46,533
Total Goodwill, net	$	54,785

Note: The Company's Biometrics segment did not carry a goodwill balance at August 31, 2019 or February 28, 2019.

At August 31, 2019, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	49,541	$	31,240	$	18,301
Trademarks/Tradenames		485		423		62
Developed technology		31,290		10,883		20,407
Patents		5,374		3,295		2,079
License		1,400		1,400		—
Contract		2,141		2,025		116
Total finite-lived intangible assets	$	90,231	$	49,266		40,965
Indefinite-lived intangible assets
Trademarks						74,804
Total net intangible assets					$	115,769

At February 28, 2019, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	49,743	$	29,746	$	19,997
Trademarks/Tradenames		485		413		72
Developed technology		31,290		9,523		21,767
Patents		5,390		2,907		2,483
License		1,400		1,400		—
Contract		2,141		1,966		175
Total finite-lived intangible assets	$	90,449	$	45,955		44,494
Indefinite-lived intangible assets
Trademarks						74,955
Total net intangible assets					$	119,449

During the second quarter of Fiscal 2019, the Company re-evaluated its projections for several brands in its former Consumer Accessory and Automotive segments based on lower than anticipated results due to lower product load-ins, increased competition for certain product lines, a streamlining of SKU’s, and its marketing strategy for one of its brands. Accordingly, these were considered indicators of impairment requiring the Company to test the related indefinite-lived tradenames for impairment. The Company tested these indefinite-lived intangible assets as of August 31, 2018 and as a result of its analysis, it was determined that several of the Company's Consumer Accessory trademarks and one Automotive trademark were impaired at August 31, 2018. The Company recorded an impairment charge of $9,814 for the three and six months ended August 31, 2018, with $9,654 related to the Consumer Accessories segment and $160 related to the Automotive segment.

The Company recorded amortization expense of $1,748 and $3,496 for the three and six months ended August 31, 2019, respectively, and $1,581 and $3,163 for the three and six months ended August 31, 2018, respectively. The estimated aggregate amortization expense for all amortizable intangibles for August 31 of each of the succeeding years is as follows:

Year	Amount
2020	$	6,837
2021		6,618
2022		6,137
2023		5,510
2024		5,382