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Goodwill and Intangible Assets (Tables)
3 Months Ended
May 31, 2021
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, 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.

Schedule of Intangible Assets, Excluding Goodwill

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

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense 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