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Goodwill and Intangible Assets (Tables)
9 Months Ended
Nov. 30, 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

 

 

(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.

Schedule of Intangible Assets, Excluding Goodwill

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

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense 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