Goodwill and Intangible Assets

9 Months Ended

Nov. 30, 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		(1,353	)
Balance at November 30, 2021	$	10,425
Gross carrying value at November 30, 2021	$	10,425
Accumulated impairment charge		—
Net carrying value at November 30, 2021	$	10,425
Consumer Electronics:
Beginning balance at March 1, 2021	$	46,533
Goodwill acquired during the period		10,187
Foreign currency adjustments		(232	)
Balance at November 30, 2021	$	56,488
Gross carrying value at November 30, 2021	$	88,651
Accumulated impairment charge		(32,163	)
Net carrying value at November 30, 2021	$	56,488
Total Goodwill, net	$	66,913

The Company's Biometrics segment did not carry a goodwill balance at November 30, 2021 or February 28, 2021.

At November 30, 2021, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	54,227	$	38,828	$	15,399
Trademarks/Tradenames		24,504		1,674		22,830
Developed technology		21,498		12,902		8,596
Patents		6,736		5,329		1,407
License		1,400		1,400		—
Contracts		1,556		1,556		—
Total finite-lived intangible assets	$	109,921	$	61,689		48,232
Indefinite-lived intangible assets
Trademarks						63,061
Total intangible assets, net					$	111,293

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 $2,017 and $4,803 for the three and nine months ended November 30, 2021, respectively, compared to $1,477 and $3,973 for the three and nine months ended November 30, 2020, respectively. The estimated aggregate amortization expense for all amortizable intangibles for November 30 of each of the succeeding years is as follows:

Year	Amount
2022	$	7,549
2023		6,956
2024		6,738
2025		6,614
2026		4,767