Goodwill and Intangible Assets

9 Months Ended

Nov. 30, 2020

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, 2020	$	8,467
Activity during the period		3,928
Balance at November 30, 2020	$	12,395
Gross carrying value at November 30, 2020	$	12,395
Accumulated impairment charge		—
Net carrying value at November 30, 2020	$	12,395
Consumer Electronics:
Beginning balance at March 1, 2020	$	46,533
Activity during the period		—
Balance at November 30, 2020	$	46,533
Gross carrying value at November 30, 2020	$	78,696
Accumulated impairment charge		(32,163	)
Net carrying value at November 30, 2020	$	46,533
Total Goodwill, net	$	58,928

The Company's Biometrics segment did not carry a goodwill balance at November 30, 2020 or February 29, 2020.

At November 30, 2020, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	54,604	$	35,312	$	19,292
Trademarks/Tradenames		5,545		681		4,864
Developed technology		14,144		12,448		1,696
Patents		6,729		4,389		2,340
License		1,400		1,400		—
Contracts		1,556		1,556		—
Total finite-lived intangible assets	$	83,978	$	55,786		28,192
Indefinite-lived intangible assets
Trademarks						64,605
Total intangible assets, net					$	92,797

At February 29, 2020, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	51,491	$	31,880	$	19,611
Trademarks/Tradenames		1,045		437		608
Developed technology		14,144		12,244		1,900
Patents		5,651		3,691		1,960
License		1,400		1,400		—
Contracts		1,556		1,556		—
Total finite-lived intangible assets	$	75,287	$	51,208		24,079
Indefinite-lived intangible assets
Trademarks						64,209
Total intangible assets, net					$	88,288

The Company recorded amortization expense of $1,477 and $3,973, respectively, for the three and nine months ended November 30, 2020 and $1,748 and $5,243 for the three and nine months ended November 30, 2019, respectively. The estimated aggregate amortization expense for all amortizable intangibles for November 30 of each of the succeeding years is as follows:

Year	Amount
2021	$	5,741
2022		4,933
2023		4,336
2024		4,115
2025		3,991