Goodwill and Intangible Assets

3 Months Ended

May 31, 2021

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, 2021	$	11,778
Activity during the period		(903	)
Balance at May 31, 2021	$	10,875
Gross carrying value at May 31, 2021	$	10,875
Accumulated impairment charge		—
Net carrying value at May 31, 2021	$	10,875
Consumer Electronics:
Beginning balance at March 1, 2021	$	46,533
Activity during the period		—
Balance at May 31, 2021	$	46,533
Gross carrying value at May 31, 2021	$	78,696
Accumulated impairment charge		(32,163	)
Net carrying value at May 31, 2021	$	46,533
Total Goodwill, net	$	57,408

The Company's Biometrics segment did not carry a goodwill balance at May 31, 2021 or February 28, 2021.

At May 31, 2021, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	54,697	$	37,400	$	17,297
Trademarks/Tradenames		5,545		941		4,604
Developed technology		14,144		12,583		1,561
Patents		6,736		4,863		1,873
License		1,400		1,400		—
Contracts		1,556		1,556		—
Total finite-lived intangible assets	$	84,078	$	58,743		25,335
Indefinite-lived intangible assets
Trademarks						63,364
Total intangible assets, net					$	88,699

At February 28, 2021, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	54,688	$	36,412	$	18,276
Trademarks/Tradenames		5,545		811		4,734
Developed technology		14,144		12,516		1,628
Patents		6,736		4,629		2,107
License		1,400		1,400		—
Contracts		1,556		1,556		—
Total finite-lived intangible assets	$	84,069	$	57,324		26,745
Indefinite-lived intangible assets
Trademarks						63,359
Total intangible assets, net					$	90,104

The Company recorded amortization expense of  $1,411 for the three months ended May 31, 2021 and $1,169 for the three months ended May 31, 2020, respectively. The estimated aggregate amortization expense for all amortizable intangibles for May 31 of each of the succeeding years is as follows:

Year	Amount
2022	$	5,417
2023		4,545
2024		4,226
2025		4,052
2026		3,320