CalAmp (CAMP) 10-Q 22 Dec 15 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Nov. 30, 2015	Dec. 17, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	CalAmp Corp.
Entity Central Index Key	730,255
Entity Filer Category	Accelerated Filer
Trading Symbol	CAMP
Current Fiscal Year End Date	--02-28
Document Type	10-Q
Amendment Flag	false
Entity Current Reporting Status	Yes
Document Period End Date	Nov. 30, 2015
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016
Entity Common Stock, Shares Outstanding		36,591,279

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2015	Feb. 28, 2015
Current assets:
Cash and cash equivalents	$ 106,678	$ 34,184
Short-term marketable securities	116,657	10,177
Accounts receivable, less allowance for doubtful accounts of $626 and $673 at November 30, 2015 and February 28, 2015, respectively	44,950	47,917
Inventories	18,103	18,666
Prepaid expenses and other current assets	3,818	5,110
Total current assets	290,206	116,054
Property, equipment and improvements, net of accumulated depreciation and amortization	11,285	10,525
Deferred income tax assets	27,740	34,822
Goodwill	16,508	15,483
Other intangible assets, net	18,660	22,596
Other assets	5,987	3,137
Total assets	370,386	202,617
Current liabilities:
Accounts payable	24,919	24,012
Accrued payroll and employee benefits	6,036	5,522
Deferred revenue	8,396	10,748
Other current liabilities	5,241	6,723
Total current liabilities	44,592	$ 47,005
1.625% Convertible senior unsecured notes	138,101
Other non-current liabilities	$ 5,866	$ 4,227
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value; 3,000 shares authorized; no shares issued or outstanding
Common stock, $.01 par value; 80,000 shares authorized; 36,575 and 36,225 shares issued and outstanding at November 30, 2015 and February 28, 2015, respectively	$ 366	$ 362
Additional paid-in capital	226,931	207,881
Accumulated deficit	(45,359)	(56,793)
Accumulated other comprehensive loss	(111)	(65)
Total stockholders' equity	181,827	151,385
Total Liabilities and Stockholders' Equity	$ 370,386	$ 202,617

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Nov. 30, 2015	Feb. 28, 2015
CONSOLIDATED BALANCE SHEETS [Abstract]
Allowance for doubtful accounts (in dollars)	$ 626	$ 673
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	3,000	3,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	80,000	80,000
Common stock, shares issued	36,575	36,225
Common stock, shares outstanding	36,575	36,225

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Revenues:
Products	$ 63,980	$ 52,837	$ 177,275	$ 151,295
Application subscriptions and other services	10,695	10,388	32,637	30,121
Total revenues	74,675	63,225	209,912	181,416
Cost of revenues:
Products	43,132	36,165	119,692	104,754
Application subscriptions and other services	4,969	4,956	14,817	13,843
Total cost of revenues	48,101	41,121	134,509	118,597
Gross profit	26,574	22,104	75,403	62,819
Operating expenses:
Research and development	5,121	4,852	14,681	14,986
Selling	5,975	5,162	17,320	15,260
General and administrative	5,202	4,000	14,885	11,529
Intangible assets amortization	1,663	1,635	4,962	4,952
Total operating expenses	17,961	15,649	51,848	46,727
Operating income	8,613	6,455	23,555	16,092
Non-operating income (expense):
Investment income	438	37	423	128
Interest expense	(2,252)	(49)	(5,180)	(236)
Other income (expense)	6	(22)	(23)	(17)
Total non-operating expense, net	(1,808)	(34)	(4,780)	(125)
Income before income taxes and equity in net loss of affiliate	6,805	6,421	18,775	15,967
Income tax provision	(2,603)	(2,400)	(7,015)	(5,975)
Income before equity in net loss of affiliate	4,202	$ 4,021	11,760	$ 9,992
Equity in net loss of affiliate	(326)		(326)
Net income	$ 3,876	$ 4,021	$ 11,434	$ 9,992
Earnings per share:
Basic	$ 0.11	$ 0.11	$ 0.32	$ 0.28
Diluted	$ 0.11	$ 0.11	$ 0.31	$ 0.27
Shares used in computing earnings per share:
Basic	36,319	35,901	36,138	35,735
Diluted	36,803	36,526	36,728	36,508
Comprehensive income:
Net income	$ 3,876	$ 4,021	$ 11,434	$ 9,992
Other comprehensive loss:
Foreign currency cumulative translation adjustment	(46)		(46)
Total comprehensive income	$ 3,830	$ 4,021	$ 11,388	$ 9,992

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - 9 months ended Nov. 30, 2015 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]
Balances at Feb. 28, 2015	$ 151,385	$ 362	$ 207,881	$ (56,793)	$ (65)
Balances (in shares) at Feb. 28, 2015		36,225
Net income	11,434			11,434
Stock-based compensation expense	4,211		4,211
Equity component of convertible senior notes, net of tax	20,104		20,104
Purchase of note hedges, net of tax	(19,324)		(19,324)
Sale of warrants	$ 15,991		15,991
Issuance of shares for restricted stock awards		$ 1	(1)
Issuance of shares for restricted stock awards (in shares)		115
Shares issued on net share settlement of equity awards	$ (2,520)	$ 1	(2,521)
Shares issued on net share settlement of equity awards (in shares)		90
Exercise of stock options	$ 592	$ 2	590
Exercise of stock options (in shares)	145	145
Foreign currency cumulative translation adjustment	$ (46)				(46)
Balances (in shares) at Nov. 30, 2015		36,575
Balances at Nov. 30, 2015	$ 181,827	$ 366	$ 226,931	$ (45,359)	$ (111)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 11,434	$ 9,992
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	2,608	2,043
Intangible assets amortization expense	4,962	4,952
Stock-based compensation expense	4,211	2,924
Amortization of debt issue costs and discount	3,396	380
Deferred tax assets, net	6,595	$ 5,770
Equity in net loss of affiliate	326
Other	19	$ 14
Changes in operating assets and liabilities:
Accounts receivable	2,967	(8,508)
Inventories	563	(4,619)
Prepaid expenses and other assets	210	(1,954)
Accounts payable	907	9,191
Accrued liabilities	2,025	1,073
Deferred revenue	(2,352)	199
NET CASH PROVIDED BY OPERATING ACTIVITIES	37,871	21,457
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities of marketable securities	35,552	8,226
Purchases of marketable securities	(142,032)	(15,215)
Capital expenditures	(3,388)	$ (4,890)
Acquisition of Crashboxx	(1,500)
Equity investment in affiliate	(2,156)
Other	(95)	$ (44)
NET CASH USED IN INVESTING ACTIVITIES	(113,619)	$ (11,923)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of convertible notes	172,500
Payment of debt issuance costs	(5,291)
Purchase of convertible note hedges	(31,343)
Proceeds from issuance of warrants	15,991
Payment of acquisition-related note and contingent consideration	(1,687)	$ (2,299)
Taxes paid related to net share settlement of vested equity awards	(2,520)	(3,045)
Proceeds from exercise of stock options	592	541
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	148,242	(4,803)
Net change in cash and cash equivalents	72,494	4,731
Cash and cash equivalents at beginning of period	34,184	19,233
Cash and cash equivalents at end of period	$ 106,678	$ 23,964

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Nov. 30, 2015
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business CalAmp Corp. (“CalAmp” or the “Company”) is a leading provider of wireless communications solutions for a broad array of applications to customers globally. The Company's business activities are organized into its Wireless DataCom and Satellite business segments. Certain notes and other information are condensed or omitted from the interim financial statements presented in this Quarterly Report on Form 10-Q. Therefore, these financial statements should be read in conjunction with the Company's 2015 Annual Report on Form 10-K as filed with the Securities and Exchange Commission on April 21, 2015. In the opinion of the Company's management, the accompanying unaudited consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary to present fairly the Company's financial position at November 30, 2015 and its results of operations for the three and nine months ended November 30, 2015 and 2014. The results of operations for such periods are not necessarily indicative of results to be expected for the full fiscal year. All significant intercompany transactions and accounts have been eliminated in consolidation. Revenue Recognition The Company recognizes revenue from product sales when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collection of the sales price is reasonably assured. Generally, for product sales that are not bundled with an application service these criteria are met at the time product is shipped, except for shipments made on the basis of “FOB Destination” terms, in which case title transfers to the customer and the revenue is recorded by the Company when the shipment reaches the customer. Customers generally do not have a right of return except for defective products returned during the warranty period. The Company records estimated commitments related to customer incentive programs as reductions of revenues. In addition to product sales, the Company provides Software as a Service (SaaS) subscriptions for its fleet management and vehicle finance applications in which customers are provided with the ability to wirelessly communicate with monitoring devices installed in vehicles and other mobile or remote assets via software applications hosted by the Company. The Company defers the recognition of revenue for the products that are sold with application subscriptions because the application services are essential to the functionality of the products. In such circumstances, the associated product costs are recorded as deferred costs in the balance sheet. The deferred product revenue and deferred product cost amounts are amortized to application subscriptions revenue and cost of revenue on a straight-line basis over minimum contractual subscription periods of one to five years. Revenues from renewals of data communication services after the initial contract term are recognized as application subscriptions revenue when the services are provided. When customers prepay application subscription renewals, such amounts are recorded as deferred revenues and are recognized over the renewal term. Cash and Cash Equivalents The Company considers all highly liquid investments with remaining maturities at date of purchase of three months or less to be cash equivalents. Fair Value Measurements The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly manner in an arms-length transaction between market participants at the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Inputs that are generally unobservable and typically reflect management's estimate of assumptions that market participants would use in pricing the asset or liability. In accordance with the fair value accounting requirements, companies may choose to measure eligible financial instruments and certain other items at fair value. The Company has elected the fair value option for its investment in marketable securities on a contract-by-contract basis at the time each contract is initially recognized in the financial statements or upon an event that gives rise to a new basis of accounting for the items. Recently Adopted Accounting Standards In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). The FASB issued ASU 2015-03 to simplify the presentation of debt issuance costs related to a recognized debt liability to present the debt issuance costs as a direct deduction from the carrying value of the debt liability rather than showing the debt issuance costs as a deferred charge on the balance sheet. As permitted by ASU 2015-03, the Company early-adopted this standard with respect to the convertible senior unsecured notes issued in May 2015, as discussed further in Note 6. In November 2015, the FASB issued Accounting Standards Update 2015-17, Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-17 amends existing guidance to require that deferred income tax liabilities and assets be classified as noncurrent in a classified balance sheet, and eliminates the prior guidance which required an entity to separate deferred tax liabilities and assets into a current amount and a noncurrent amount in a classified balance sheet. As permitted by ASU 2015-17, the Company early-adopted this standard and applied it retrospectively to all periods presented. Reclassifications Certain amounts in the financial statements of prior years have been reclassified to conform to the fiscal 2016 presentation, with no effect on net earnings.

CASH, CASH EQUIVALENTS AND INVE

CASH, CASH EQUIVALENTS AND INVESTMENTS	9 Months Ended
	Nov. 30, 2015
CASH, CASH EQUIVALENTS AND INVESTMENTS [Abstract]
CASH, CASH EQUIVALENTS AND INVESTMENTS	NOTE 2 – CASH, CASH EQUIVALENTS AND INVESTMENTS The following table summarizes the Company's financial instrument assets as of November 30, 2015 using the hierarchy described in Note 1 under the heading “Fair Value Measurements” (in thousands): Balance Sheet Classification of Fair Value Unrealized Cash and Short-Term Adjusted Gains Fair Cash Marketable Other Cost (Losses) Value Equivalents Securities Assets Cash $ 7,005 $ - $ 7,005 $ 7,005 $ - $ - Level 1: Commercial paper 73 - 73 73 - - Domestic equities 373 52 425 - 425 - Mutual funds (1) 3,564 (38 ) 3,526 - - 3,526 Level 2: Commercial paper 15,970 - 15,970 - 15,970 - Repurchase agreements 99,600 - 99,600 99,600 - - Certificate of deposit 100,348 (86 ) 100,262 - 100,262 - Total $ 226,933 $ (72 ) $ 226,861 $ 106,678 $ 116,657 $ 3,526 (1) The Company has established a non-qualified deferred compensation plan for certain members of management and all non-employee directors. The Company is informally funding its obligations under the deferred compensation plan by purchasing shares in various equity, bond and money market mutual funds that are held in a “Rabbi Trust” and are restricted for payment of obligations to plan participants. See Note 5 for additional information regarding the deferred compensation plan.

INVENTORIES

INVENTORIES	9 Months Ended
	Nov. 30, 2015
INVENTORIES [Abstract]
INVENTORIES	NOTE 3 - INVENTORIES Inventories consist of the following (in thousands): November 30, February 28, 2015 2015 Raw materials $ 14,196 $ 14,519 Work in process 615 361 Finished goods 3,292 3,786 $ 18,103 $ 18,666

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
	Nov. 30, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 4 – GOODWILL AND OTHER INTANGIBLE ASSETS All goodwill shown in the accompanying balance sheets is associated with the Company's Wireless DataCom segment. Changes in goodwill are as follows (in thousands): Nine Months Ended November 30, 2015 2014 Balance at beginning of period $ 15,483 $ 15,422 Crashboxx acquisition 1,025 - Purchase price allocation adjustments - 57 Balance at end of period $ 16,508 $ 15,479 On April 17, 2015, the Company acquired certain intangible assets from a company doing business as Crashboxx to advance its insurance telematics strategy for a cash payment of $ 1.5 455,000 5 930,000 1,025,000 Other intangible assets are comprised as follows (in thousands): Gross Accumulated Amortization Net Amortization February 28, November 30, February 28, November 30, November 30, February 28, Period 2015 Additions Retirements 2015 2015 Expense Retirements 2015 2015 2015 Supply contract 5 $ 2,220 $ - $ - $ 2,220 $ 1,247 $ 324 $ - $ 1,571 $ 649 $ 973 Developed technology 2 7 16,151 930 (3,001 ) 14,080 7,126 1,720 (3,001 ) 5,845 8,235 9,025 Tradename 7 2,130 13 - 2,143 1,217 229 - 1,446 697 913 Customer lists 5 7 19,438 - (1,138 ) 18,300 7,949 2,660 (1,138 ) 9,471 8,829 11,489 Covenants not to compete 5 262 - (92 ) 170 187 25 (92 ) 120 50 75 Patents 5 176 83 - 259 55 4 - 59 200 121 $ 40,377 $ 1,026 $ (4,231 ) $ 37,172 $ 17,781 $ 4,962 $ (4,231 ) $ 18,512 $ 18,660 $ 22,596 All intangible asset amortization expense was attributable to the Wireless DataCom business. Estimated future amortization expense for the fiscal years ending February 28 is as follows (in thousands): Fiscal Year 2016 (remainder) $ 1,672 2017 6,686 2018 6,233 2019 2,887 2020 880 Thereafter 302 $ 18,660

OTHER ASSETS

OTHER ASSETS	9 Months Ended
	Nov. 30, 2015
OTHER ASSETS [Abstract]
OTHER ASSETS	NOTE 5 – OTHER ASSETS Other assets consist of the following (in thousands): November 30, February 28, 2015 2015 Deferred compensation plan assets $ 3,526 $ 2,222 Investment in affiliate 1,784 - Other 677 915 $ 5,987 $ 3,137 The Company established a non-qualified deferred compensation plan in August 2013 in which certain members of management and all non-employee directors are eligible to participate. Participants may defer a portion of their compensation until retirement or a date specified by the participant in accordance with the plan. The Company is informally funding the deferred compensation plan obligations by making cash deposits to a Rabbi Trust that are invested in various equity, bond and money market mutual funds in generally the same proportion as investment elections made by the participants for their compensation deferrals. The fair values of Rabbi Trust assets and deferred compensation plan liabilities as of November 30, 2015 were $ 3,526,000 3,543,000 In September 2015, the Company invested £ 1,400,000 2,156,000 326,000 46,000 loss for the quarter ended November 30, 2015, which is included in the Consolidated Income Statement as a component of Other Comprehensive Income

FINANCING ARRANGEMENTS

FINANCING ARRANGEMENTS	9 Months Ended
	Nov. 30, 2015
FINANCING ARRANGEMENTS [Abstract]
FINANCING ARRANGEMENTS	NOTE 6 - FINANCING ARRANGEMENTS Bank Credit Facility The Company has a credit facility with Square 1 Bank that provides for borrowings up to $ 15 85 March 1, 2017 The bank credit facility contains financial covenants that require the Company to maintain a minimum level of earnings before interest, income taxes, depreciation, amortization and other noncash charges (EBITDA) and a minimum debt coverage ratio, both measured monthly on a rolling 12-month basis. At November 30, 2015, the Company was in compliance with its debt covenants under the credit facility. 1.625% Convertible Senior Unsecured Notes In May 2015, the Company issued $ 172.5 1.625 The net proceeds from the sale of the Notes were approximately $ 167.2 5.3 15.4 Under the Indenture, the Notes bear interest at a rate of 1.625 May 15, 2020 The Indenture contains customary terms and conditions, including that upon certain events of default occurring and continuing, either the Trustee or the holders of at least 25% in aggregate principal amount of the then outstanding Notes, by notice to the Company and the Trustee, may declare 100% of the principal amount of, and accrued and unpaid interest, if any, on all the Notes then outstanding to be due and payable immediately. Such events of default include, without limitation, the default by the Company or any of its subsidiaries with respect to indebtedness for borrowed money in excess of $10 million and the entry of judgments for the payment of $10 million or more against the Company or any of its subsidiaries which are not paid, discharged or stayed within 60 days. The Notes will be convertible into cash, shares of the Company's common stock or a combination of cash and shares of common stock, at the Company's election, based on an initial conversion rate of 36.2398 27.594 If the Company undergoes a fundamental change (as defined in the Indenture), holders of the Notes may require the Company to repurchase their Notes at a repurchase price of 100 In addition, following certain corporate events that occur prior to maturity, the Company will increase the conversion rate for a holder who elects to convert its Notes in connection with such a corporate event in certain circumstances. In such event, an aggregate of up to 2.5 Accounting guidance requires that convertible debt that can be settled for cash, such as the Notes, be separated into the liability and equity component at issuance and each be assigned a value. The value assigned to the liability component is the estimated fair value, as of the issuance date, of a similar debt without the conversion feature. The difference between the principal amount of the Notes and the estimated fair value of the liability component, representing the value of the embedded conversion option assigned to the equity component, is recorded as a debt discount on the issuance date. The fair value of the liability component of the Notes in the amount of $ 138.9 6.2 3 33.6 33.6 16.0 33.6 6.2 In accounting for the transaction costs related to the Notes issuance, the Company allocated the total amount incurred to the liability and equity components based on their relative fair values. Issuance costs attributable to the liability component of $ 4.3 1.0 0.4 Balances attributable to the Notes consist of the following at November 30, 2015 (in thousands): Liability component: Principal $ 172,500 Less: Unamortized debt discount (30,509 Unamortized debt issuance costs (3,890 Net carrying amount of the Notes $ 138,101 The Notes are carried at their principal amount, net of unamortized debt discount and issuance costs, and are not marked to market each period. The approximate fair value of the Notes as of November 30, 2015 was $ 165 See Note 12 for information related to interest expense on the Notes. Note Hedge and Warrant Arrangements In connection with the sale of the Notes, the Company entered into privately negotiated note hedge transactions relating to 6.25 172.5 31.3 19.3 The note hedges cover, subject to anti-dilution adjustments substantially similar to those applicable to the Notes, the 6.25 million shares of the Company's common stock that initially underlie the Notes. The note hedges are intended generally to reduce the potential dilution to the Company's outstanding common stock and/or reduce the amount of any cash payments the Company is required to make in excess of the principal amount of any converted Notes upon any conversion of Notes in the event that the market price per share of the Company's common stock is greater than the strike price of the note hedges, which is initially equal to $ 27.594 Separately, the Company also entered into privately negotiated warrant transactions with the Hedge Counterparties, giving them the right to acquire the same number of shares of common stock that underlie the Notes at a strike price of $ 39.42 100 19.71 16.0 The warrants will have a dilutive effect to the extent that the market price of the Company's common stock exceeds the applicable strike price of the warrants on any expiration date of the warrants. The note hedges and warrants are not marked to market. The note hedges and warrants are separate transactions, entered into by the Company with the Hedge Counterparties and are not part of the terms of the Notes and will not affect the holders' rights under the Notes. In addition, holders of the Notes will not have any rights with respect to the note hedges or the warrants. The values ascribed to the note hedges and warrants were initially recorded to and continue to be classified as additional paid-in capital within stockholders' equity. The Company is required, for the remaining term of the Notes, to assess whether the note hedges and warrants continue to meet the stockholders' equity classification requirements. If in any future period these derivative instruments fail to satisfy those requirements, they would need to be reclassified out of stockholders' equity, to either assets or liabilities depending on their nature, and be recorded at fair value with subsequent changes in their fair value reflected in earnings. The Company elected to integrate the call options with the Notes for federal income tax purposes pursuant to applicable U.S. Treasury Regulations. Accordingly, the $ 31.3 12.0 Contractual Cash Obligations Following is a summary of the Company's contractual cash obligations at November 30, 2015 and excludes amounts already recorded on the consolidated balance sheets except for long-term debt (in thousands): Future Estimated Cash Payments Due by Fiscal Year 2016 (remainder) 2017 2018 2019 2020 Thereafter Total Convertible senior notes principal $ - $ - $ - $ - $ - $ 172,500 $ 172,500 Convertible senior notes stated interest - 2,803 2,803 2,803 2,803 1,402 12,614 Operating leases 491 2,308 1,937 1,569 890 162 7,357 Purchase obligations 48,691 - - - - - 48,691 Other contractual commitments - 4,510 1,503 - - - 6,013 Total contractual obligations $ 49,182 $ 9,621 $ 6,243 $ 4,372 $ 3,693 $ 174,064 $ 247,175

INCOME TAXES

INCOME TAXES	9 Months Ended
	Nov. 30, 2015
INCOME TAXES [Abstract]
INCOME TAXES	NOTE 7 - INCOME TAXES Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and for income tax purposes. The Company evaluates the realizability of its deferred income tax assets and a valuation allowance is provided, as necessary. In assessing this valuation allowance, the Company reviews historical and future expected operating results and other factors, including its recent cumulative earnings experience, expectations of future taxable income by taxing jurisdiction and the carryforward periods available for tax reporting purposes, to determine whether it is more likely than not that deferred tax assets are realizable. The Company files income tax returns in the U.S. federal jurisdiction, various U.S. states, Canada, United Kingdom and New Zealand. Certain income tax returns for fiscal years 2011 through 2015 remain open to examination by U.S. federal and state tax authorities. Income tax returns in Canada for fiscal years 2011 through 2015 remain open to examination by tax authorities in that country. Income tax returns in New Zealand for fiscal years 2013 through 2015 remain open to examination by tax authorities in that country. The Company believes that it has made adequate provision for all income tax uncertainties pertaining to these open tax years. The effective income tax rate was 37.4

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Nov. 30, 2015
EARNINGS PER SHARE [Abstract]
EARNINGS PER SHARE	NOTE 8 - EARNINGS PER SHARE Basic earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period, plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share (in thousands): Three Months Ended Nine Months Ended November 30, November 30, 2015 2014 2015 2014 Basic weighted average number of common shares outstanding 36,319 35,901 36,138 35,735 Effect of stock options, restricted stock and restricted stock units computed on treasury stock method 484 625 590 773 Diluted weighted average number of common shares outstanding 36,803 36,526 36,728 36,508 Shares subject to anti-dilutive stock options and restricted stock-based awards of 242,000 146,000 The Company has the option to pay cash, issue shares of common stock or any combination thereof for the aggregate amount due upon conversion of the Notes. The Company's intent is to settle the principal amount of the Notes in cash upon conversion. As a result, only the shares issuable for the conversion value, if any, in excess of the principal amounts of the Notes would be included in diluted earnings per share. During the three month and year-to-date periods ended November 30, 2015, the average market price of the Company's common stock was less than the $ 27.594

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Nov. 30, 2015
STOCK-BASED COMPENSATION [Abstract]
STOCK-BASED COMPENSATION	NOTE 9 – STOCK-BASED COMPENSATION Stock-based compensation expense is included in the following captions of the unaudited consolidated income statements (in thousands): Three Months Ended Nine Months Ended November 30, November 30, 2015 2014 2015 2014 Cost of revenues $ 51 $ 65 $ 170 $ 176 Research and development 217 171 579 452 Selling 325 178 820 418 General and administrative 1,009 754 2,642 1,878 $ 1,602 $ 1,168 $ 4,211 $ 2,924 Changes in the Company's outstanding stock options during the nine months ended November 30, 2015 were as follows (options in thousands): Weighted Number of Average Options Exercise Price Outstanding at February 28, 2015 1,007 $ 5.80 Granted 82 17.54 Exercised (145 ) 4.08 Forfeited or expired (1 ) 1.80 Outstanding at November 30, 2015 943 $ 7.08 Exercisable at November 30, 2015 771 $ 5.06 Changes in the Company's outstanding restricted stock shares, performance stock units (“PSUs”) and restricted stock units (“RSUs”) during the nine months ended November 30, 2015 were as follows (shares, PSUs and RSUs in thousands): Number of Restricted Weighted Shares, Average Grant PSUs and Date Fair RSUs Value Outstanding at February 28, 2015 886 $ 12.90 Granted 509 17.74 Vested (389 ) 9.49 Forfeited (33 ) 14.99 Outstanding at November 30, 2015 973 $ 16.72 During the nine months ended November 30, 2015, the Company retained 141,634 As of November 30, 2015, there was $ 15.1 2.9

CONCENTRATION OF RISK

CONCENTRATION OF RISK	9 Months Ended
	Nov. 30, 2015
CONCENTRATION OF RISK [Abstract]
CONCENTRATION OF RISK	NOTE 10 - CONCENTRATION OF RISK One customer of the Company's Satellite segment accounted for 16 14 November 30, 2015 and 2014, respectively, 13 16 12 10 16 15 Some of the Company's components, assemblies and electronic manufacturing services are purchased from sole source suppliers. In addition, a substantial portion of the Company's inventory is purchased from one supplier that functions as an independent foreign procurement agent and contract manufacturer. This supplier accounted for 55 59 58 16 14

PRODUCT WARRANTIES

PRODUCT WARRANTIES	9 Months Ended
	Nov. 30, 2015
PRODUCT WARRANTIES [Abstract]
PRODUCT WARRANTIES	NOTE 11 - PRODUCT WARRANTIES The Company generally warrants its products against defects over periods ranging from 12 to 24 months. An accrual for estimated future costs relating to products returned under warranty is recorded as an expense when products are shipped. At the end of each fiscal quarter, the Company adjusts its liability for warranty claims based on its actual warranty claims experience as a percentage of revenues for the preceding one to two years and also considers the impact of the known operational issues that may have a greater impact than historical trends. The warranty reserve is included in other current liabilities in the unaudited consolidated balance sheets. Activity in the accrued warranty costs liability for the nine months ended November 30, 2015 and 2014 is as follows (in thousands): Nine Months Ended November 30, 2015 2014 Balance at beginning of period $ 1,819 $ 1,516 Charged to costs and expenses 1,088 1,097 Deductions (781 ) (778 Balance at end of period $ 2,126 $ 1,835

OTHER FINANCIAL INFORMATION

OTHER FINANCIAL INFORMATION	9 Months Ended
	Nov. 30, 2015
OTHER FINANCIAL INFORMATION [Abstract]
OTHER FINANCIAL INFORMATION	NOTE 12 – OTHER FINANCIAL INFORMATION Supplemental Balance Sheet Information Other non-current liabilities consist of the following (in thousands): November 30, February 28, 2015 2015 Deferred compensation plan liability $ 3,543 $ 2,246 Deferred revenue 1,203 1,652 Deferred rent 621 329 Acquisition-related contingent consideration 499 - $ 5,866 $ 4,227 See Note 5 for information related to non-qualified deferred compensation plan. The acquisition-related contingent consideration at November 30, 2015 is comprised of the estimated earn-out of $ 499,000 Supplemental Income Statement Information Investment income consists of the following (in thousands): Three Months Ended Nine Months Ended November 30, November 30, 2015 2014 2015 2014 Unrealized gains (losses) on marketable securities $ 110 $ (2 ) $ (27 ) $ (5 ) Investment income on cash equivalents and marketable securities 250 16 538 41 Investment income (loss) on Rabbi Trust assets 78 23 (88 ) 92 Total investment income $ 438 $ 37 $ 423 $ 128 Interest expense consists of the following (in thousands): Three Months Ended Nine Months Ended November 30, November 30, 2015 2014 2015 2014 Interest expense on convertible senior unsecured notes: Stated interest at 1.625 $ 685 $ - $ 1,567 $ - Amortization of note discount 1,370 - 3,106 - Amortization of debt issue costs 175 - 396 - 2,230 - 5,069 - Other interest expense 22 49 111 236 Total interest expense $ 2,252 $ 49 $ 5,180 $ 236 Supplemental Cash Flow Information “Net cash provided by operating activities” includes cash payments for interest and income taxes as follows (in thousands): Nine Months Ended November 30, 2015 2014 Interest expense paid $ 1,511 $ 4 Income tax paid $ 365 $ 280 Following is the supplemental schedule of non-cash investing and financing activities (in thousands): Nine Months Ended November 30, 2015 2014 Acquisition of Crashboxx in April 2015: Accrued liability for earn-out consideration $ 455 $ -

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Nov. 30, 2015
SEGMENT INFORMATION [Abstract]
SEGMENT INFORMATION	NOTE 13 - SEGMENT INFORMATION Segment information for the three and nine months ended November 30, 2015 and 2014 is as follows (dollars in thousands): Three Months Ended November 30, 2015 Three Months Ended November 30, 2014 Operating Segments Operating Segments Wireless Corporate Wireless Corporate DataCom Satellite Expenses Total DataCom Satellite Expenses Total Revenues $ 62,842 $ 11,833 $ 74,675 $ 54,580 $ 8,645 $ 63,225 Gross profit $ 23,416 $ 3,158 $ 26,574 $ 20,078 $ 2,026 $ 22,104 Gross margin 37.3 % 26.7 % 35.6 % 36.8 % 23.4 % 35.0 % Operating income $ 7,821 $ 1,983 $ (1,191 ) $ 8,613 $ 6,579 $ 914 $ (1,038 ) $ 6,455 Nine Months Ended November 30, 2015 Nine Months Ended November 30, 2014 Operating Segments Operating Segments Wireless Corporate Expenses Total Wireless Corporate DataCom Satellite DataCom Satellite Expenses Total Revenues $ 182,487 $ 27,425 $ 209,912 $ 152,631 $ 28,785 $ 181,416 Gross profit $ 68,102 $ 7,301 $ 75,403 $ 55,440 $ 7,379 $ 62,819 Gross margin 37.3 % 26.6 % 35.9 % 36.3 % 25.6 % 34.6 % Operating income $ 23,036 $ 3,964 $ (3,445 ) $ 23,555 $ 14,904 $ 4,070 $ (2,882 ) $ 16,092 The Company considers operating income to be a primary measure of operating performance of its business segments. The amount shown for each period in the “Corporate Expenses” column above consists of expenses that are not allocated to the business segments. These non-allocated corporate expenses include salaries and benefits of certain corporate staff and expenses such as audit fees, investor relations, stock listing fees, director and officer liability insurance, and director fees and expenses.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Nov. 30, 2015
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 14 - COMMITMENTS AND CONTINGENCIES Legal Proceedings In December 2013, a patent infringement lawsuit was filed against the Company by a non-practicing entity (“NPE”). The lawsuit contends that certain of the Company's vehicle tracking products infringe on the patents held by the NPE plaintiff and seeks injunctive and monetary relief. The Company believes that in addition to its defensive claims of noninfringement and invalidity, it has various offensive claims against the plaintiff, and intends to vigorously defend against this action. While the outcome of this matter is currently not determinable, management does not expect that the ultimate cost to resolve this matter will have a material adverse effect on the Company's consolidated financial position or results of operations. The Company's assessment of materiality may change in the future based upon the availability of discovery and further developments. No loss accrual has been made in the accompanying unaudited consolidated financial statements for this matter. In addition to the foregoing matter, from time to time as a normal consequence of doing business, various claims and litigation may be asserted or commenced against the Company. In particular, the Company in the ordinary course of business may receive claims concerning contract performance, or claims that its products or services infringe the intellectual property of third parties. While the outcome of any such claims or litigation cannot be predicted with certainty, management does not believe that the outcome of any of such matters existing at the present time would have a material adverse effect on the Company's consolidated financial position or results of operations.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Nov. 30, 2015
SUBSEQUENT EVENT [Abstract]
SUBSEQUENT EVENT	NOTE 15 – SUBSEQUENT EVENT On December 10, 2015, the Company publicly announced that it has made an offer to acquire all of the outstanding shares of common stock of LoJack Corporation (NASDAQ: LOJN) (“LoJack”), a provider of vehicle theft recovery systems and advanced fleet management solutions, for $ 5.50 113

DESCRIPTION OF BUSINESS AND S22

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Nov. 30, 2015
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Description of Business	Description of Business CalAmp Corp. (“CalAmp” or the “Company”) is a leading provider of wireless communications solutions for a broad array of applications to customers globally. The Company's business activities are organized into its Wireless DataCom and Satellite business segments. Certain notes and other information are condensed or omitted from the interim financial statements presented in this Quarterly Report on Form 10-Q. Therefore, these financial statements should be read in conjunction with the Company's 2015 Annual Report on Form 10-K as filed with the Securities and Exchange Commission on April 21, 2015. In the opinion of the Company's management, the accompanying unaudited consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary to present fairly the Company's financial position at November 30, 2015 and its results of operations for the three and nine months ended November 30, 2015 and 2014. The results of operations for such periods are not necessarily indicative of results to be expected for the full fiscal year. All significant intercompany transactions and accounts have been eliminated in consolidation.
Revenue Recognition	Revenue Recognition The Company recognizes revenue from product sales when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collection of the sales price is reasonably assured. Generally, for product sales that are not bundled with an application service these criteria are met at the time product is shipped, except for shipments made on the basis of “FOB Destination” terms, in which case title transfers to the customer and the revenue is recorded by the Company when the shipment reaches the customer. Customers generally do not have a right of return except for defective products returned during the warranty period. The Company records estimated commitments related to customer incentive programs as reductions of revenues. In addition to product sales, the Company provides Software as a Service (SaaS) subscriptions for its fleet management and vehicle finance applications in which customers are provided with the ability to wirelessly communicate with monitoring devices installed in vehicles and other mobile or remote assets via software applications hosted by the Company. The Company defers the recognition of revenue for the products that are sold with application subscriptions because the application services are essential to the functionality of the products. In such circumstances, the associated product costs are recorded as deferred costs in the balance sheet. The deferred product revenue and deferred product cost amounts are amortized to application subscriptions revenue and cost of revenue on a straight-line basis over minimum contractual subscription periods of one to five years. Revenues from renewals of data communication services after the initial contract term are recognized as application subscriptions revenue when the services are provided. When customers prepay application subscription renewals, such amounts are recorded as deferred revenues and are recognized over the renewal term.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with remaining maturities at date of purchase of three months or less to be cash equivalents.
Fair Value Measurements	Fair Value Measurements The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly manner in an arms-length transaction between market participants at the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Inputs that are generally unobservable and typically reflect management's estimate of assumptions that market participants would use in pricing the asset or liability. In accordance with the fair value accounting requirements, companies may choose to measure eligible financial instruments and certain other items at fair value. The Company has elected the fair value option for its investment in marketable securities on a contract-by-contract basis at the time each contract is initially recognized in the financial statements or upon an event that gives rise to a new basis of accounting for the items.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). The FASB issued ASU 2015-03 to simplify the presentation of debt issuance costs related to a recognized debt liability to present the debt issuance costs as a direct deduction from the carrying value of the debt liability rather than showing the debt issuance costs as a deferred charge on the balance sheet. As permitted by ASU 2015-03, the Company early-adopted this standard with respect to the convertible senior unsecured notes issued in May 2015, as discussed further in Note 6. In November 2015, the FASB issued Accounting Standards Update 2015-17, Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-17 amends existing guidance to require that deferred income tax liabilities and assets be classified as noncurrent in a classified balance sheet, and eliminates the prior guidance which required an entity to separate deferred tax liabilities and assets into a current amount and a noncurrent amount in a classified balance sheet. As permitted by ASU 2015-17, the Company early-adopted this standard and applied it retrospectively to all periods presented.
Reclassifications	Reclassifications Certain amounts in the financial statements of prior years have been reclassified to conform to the fiscal 2016 presentation, with no effect on net earnings.

CASH, CASH EQUIVALENTS AND IN23

CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables)	9 Months Ended
	Nov. 30, 2015
CASH, CASH EQUIVALENTS AND INVESTMENTS [Abstract]
Schedule of Cash and Marketable Securities	Balance Sheet Classification of Fair Value Unrealized Cash and Short-Term Adjusted Gains Fair Cash Marketable Other Cost (Losses) Value Equivalents Securities Assets Cash $ 7,005 $ - $ 7,005 $ 7,005 $ - $ - Level 1: Commercial paper 73 - 73 73 - - Domestic equities 373 52 425 - 425 - Mutual funds (1) 3,564 (38 ) 3,526 - - 3,526 Level 2: Commercial paper 15,970 - 15,970 - 15,970 - Repurchase agreements 99,600 - 99,600 99,600 - - Certificate of deposit 100,348 (86 ) 100,262 - 100,262 - Total $ 226,933 $ (72 ) $ 226,861 $ 106,678 $ 116,657 $ 3,526 (1) The Company has established a non-qualified deferred compensation plan for certain members of management and all non-employee directors. The Company is informally funding its obligations under the deferred compensation plan by purchasing shares in various equity, bond and money market mutual funds that are held in a “Rabbi Trust” and are restricted for payment of obligations to plan participants. See Note 5 for additional information regarding the deferred compensation plan.

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Nov. 30, 2015
INVENTORIES [Abstract]
Schedule of Inventories	November 30, February 28, 2015 2015 Raw materials $ 14,196 $ 14,519 Work in process 615 361 Finished goods 3,292 3,786 $ 18,103 $ 18,666

GOODWILL AND OTHER INTANGIBLE25

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Nov. 30, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
Schedule of Goodwill	Nine Months Ended November 30, 2015 2014 Balance at beginning of period $ 15,483 $ 15,422 Crashboxx acquisition 1,025 - Purchase price allocation adjustments - 57 Balance at end of period $ 16,508 $ 15,479
Schedule of Other Intangible Assets	Gross Accumulated Amortization Net Amortization February 28, November 30, February 28, November 30, November 30, February 28, Period 2015 Additions Retirements 2015 2015 Expense Retirements 2015 2015 2015 Supply contract 5 $ 2,220 $ - $ - $ 2,220 $ 1,247 $ 324 $ - $ 1,571 $ 649 $ 973 Developed technology 2 7 16,151 930 (3,001 ) 14,080 7,126 1,720 (3,001 ) 5,845 8,235 9,025 Tradename 7 2,130 13 - 2,143 1,217 229 - 1,446 697 913 Customer lists 5 7 19,438 - (1,138 ) 18,300 7,949 2,660 (1,138 ) 9,471 8,829 11,489 Covenants not to compete 5 262 - (92 ) 170 187 25 (92 ) 120 50 75 Patents 5 176 83 - 259 55 4 - 59 200 121 $ 40,377 $ 1,026 $ (4,231 ) $ 37,172 $ 17,781 $ 4,962 $ (4,231 ) $ 18,512 $ 18,660 $ 22,596
Schedule of Future Amortization Expense	Fiscal Year 2016 (remainder) $ 1,672 2017 6,686 2018 6,233 2019 2,887 2020 880 Thereafter 302 $ 18,660

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	9 Months Ended
	Nov. 30, 2015
OTHER ASSETS [Abstract]
Schedule of Other Assets	November 30, February 28, 2015 2015 Deferred compensation plan assets $ 3,526 $ 2,222 Investment in affiliate 1,784 - Other 677 915 $ 5,987 $ 3,137

FINANCING ARRANGEMENTS (Tables)

FINANCING ARRANGEMENTS (Tables)	9 Months Ended
	Nov. 30, 2015
FINANCING ARRANGEMENTS [Abstract]
Schedule of Balances Attributable to the Notes	Liability component: Principal $ 172,500 Less: Unamortized debt discount (30,509 Unamortized debt issuance costs (3,890 Net carrying amount of the Notes $ 138,101
Schedule of Contractual Cash Obligations	Future Estimated Cash Payments Due by Fiscal Year 2016 (remainder) 2017 2018 2019 2020 Thereafter Total Convertible senior notes principal $ - $ - $ - $ - $ - $ 172,500 $ 172,500 Convertible senior notes stated interest - 2,803 2,803 2,803 2,803 1,402 12,614 Operating leases 491 2,308 1,937 1,569 890 162 7,357 Purchase obligations 48,691 - - - - - 48,691 Other contractual commitments - 4,510 1,503 - - - 6,013 Total contractual obligations $ 49,182 $ 9,621 $ 6,243 $ 4,372 $ 3,693 $ 174,064 $ 247,175

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Nov. 30, 2015
EARNINGS PER SHARE [Abstract]
Schedule of Weighted Average Number of Shares	Three Months Ended Nine Months Ended November 30, November 30, 2015 2014 2015 2014 Basic weighted average number of common shares outstanding 36,319 35,901 36,138 35,735 Effect of stock options, restricted stock and restricted stock units computed on treasury stock method 484 625 590 773 Diluted weighted average number of common shares outstanding 36,803 36,526 36,728 36,508

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Nov. 30, 2015
STOCK-BASED COMPENSATION [Abstract]
Schedule of Stock-based Compensation Expense	Three Months Ended Nine Months Ended November 30, November 30, 2015 2014 2015 2014 Cost of revenues $ 51 $ 65 $ 170 $ 176 Research and development 217 171 579 452 Selling 325 178 820 418 General and administrative 1,009 754 2,642 1,878 $ 1,602 $ 1,168 $ 4,211 $ 2,924
Summary of Stock Option Activity	Weighted Number of Average Options Exercise Price Outstanding at February 28, 2015 1,007 $ 5.80 Granted 82 17.54 Exercised (145 ) 4.08 Forfeited or expired (1 ) 1.80 Outstanding at November 30, 2015 943 $ 7.08 Exercisable at November 30, 2015 771 $ 5.06
Summary of Restricted Stock Shares, Performance Stock Units (PSU's) and RSUs Activity	Number of Restricted Weighted Shares, Average Grant PSUs and Date Fair RSUs Value Outstanding at February 28, 2015 886 $ 12.90 Granted 509 17.74 Vested (389 ) 9.49 Forfeited (33 ) 14.99 Outstanding at November 30, 2015 973 $ 16.72

PRODUCT WARRANTIES (Tables)

PRODUCT WARRANTIES (Tables)	9 Months Ended
	Nov. 30, 2015
PRODUCT WARRANTIES [Abstract]
Schedule of Product Warranty Liability	Nine Months Ended November 30, 2015 2014 Balance at beginning of period $ 1,819 $ 1,516 Charged to costs and expenses 1,088 1,097 Deductions (781 ) (778 Balance at end of period $ 2,126 $ 1,835

OTHER FINANCIAL INFORMATION (Ta

OTHER FINANCIAL INFORMATION (Tables)	9 Months Ended
	Nov. 30, 2015
OTHER FINANCIAL INFORMATION [Abstract]
Schedule of Supplemental Balance Sheet Information	November 30, February 28, 2015 2015 Deferred compensation plan liability $ 3,543 $ 2,246 Deferred revenue 1,203 1,652 Deferred rent 621 329 Acquisition-related contingent consideration 499 - $ 5,866 $ 4,227
Schedule of Interest expense	Three Months Ended Nine Months Ended November 30, November 30, 2015 2014 2015 2014 Interest expense on convertible senior unsecured notes: Stated interest at 1.625 $ 685 $ - $ 1,567 $ - Amortization of note discount 1,370 - 3,106 - Amortization of debt issue costs 175 - 396 - 2,230 - 5,069 - Other interest expense 22 49 111 236 Total interest expense $ 2,252 $ 49 $ 5,180 $ 236
Schedule of Investment income (loss)	Three Months Ended Nine Months Ended November 30, November 30, 2015 2014 2015 2014 Unrealized gains (losses) on marketable securities $ 110 $ (2 ) $ (27 ) $ (5 ) Investment income on cash equivalents and marketable securities 250 16 538 41 Investment income (loss) on Rabbi Trust assets 78 23 (88 ) 92 Total investment income $ 438 $ 37 $ 423 $ 128
Schedule of Supplemental Cash Flow Information	Nine Months Ended November 30, 2015 2014 Interest expense paid $ 1,511 $ 4 Income tax paid $ 365 $ 280
Schedule of Supplemental Non-Cash Investing and Financing Activities	Nine Months Ended November 30, 2015 2014 Acquisition of Crashboxx in April 2015: Accrued liability for earn-out consideration $ 455 $ -

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Nov. 30, 2015
SEGMENT INFORMATION [Abstract]
Summary of Segment Information	Three Months Ended November 30, 2015 Three Months Ended November 30, 2014 Operating Segments Operating Segments Wireless Corporate Wireless Corporate DataCom Satellite Expenses Total DataCom Satellite Expenses Total Revenues $ 62,842 $ 11,833 $ 74,675 $ 54,580 $ 8,645 $ 63,225 Gross profit $ 23,416 $ 3,158 $ 26,574 $ 20,078 $ 2,026 $ 22,104 Gross margin 37.3 % 26.7 % 35.6 % 36.8 % 23.4 % 35.0 % Operating income $ 7,821 $ 1,983 $ (1,191 ) $ 8,613 $ 6,579 $ 914 $ (1,038 ) $ 6,455 Nine Months Ended November 30, 2015 Nine Months Ended November 30, 2014 Operating Segments Operating Segments Wireless Corporate Expenses Total Wireless Corporate DataCom Satellite DataCom Satellite Expenses Total Revenues $ 182,487 $ 27,425 $ 209,912 $ 152,631 $ 28,785 $ 181,416 Gross profit $ 68,102 $ 7,301 $ 75,403 $ 55,440 $ 7,379 $ 62,819 Gross margin 37.3 % 26.6 % 35.9 % 36.3 % 25.6 % 34.6 % Operating income $ 23,036 $ 3,964 $ (3,445 ) $ 23,555 $ 14,904 $ 4,070 $ (2,882 ) $ 16,092

CASH, CASH EQUIVALENTS AND IN33

CASH, CASH EQUIVALENTS AND INVESTMENTS (Details) $ in Thousands	Nov. 30, 2015USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost	$ 226,933
Unrealized Gains (Losses)	(72)
Fair Value	226,861
Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	106,678
Short-Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	116,657
Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,526
Cash [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost	$ 7,005
Unrealized Gains (Losses)
Fair Value	$ 7,005
Cash [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 7,005
Cash [Member] | Short-Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Cash [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Level 1 [Member] | Domestic Equities [Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost	$ 373
Unrealized Gains (Losses)	52
Fair Value	$ 425
Level 1 [Member] | Domestic Equities [Member | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Level 1 [Member] | Domestic Equities [Member | Short-Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 425
Level 1 [Member] | Domestic Equities [Member | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Level 1 [Member] | Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost	$ 73
Unrealized Gains (Losses)
Fair Value	$ 73
Level 1 [Member] | Commercial Paper [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 73
Level 1 [Member] | Commercial Paper [Member] | Short-Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Level 1 [Member] | Commercial Paper [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Level 1 [Member] | Mutual funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost	$ 3,564	[1]
Unrealized Gains (Losses)	(38)	[1]
Fair Value	$ 3,526	[1]
Level 1 [Member] | Mutual funds [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		[1]
Level 1 [Member] | Mutual funds [Member] | Short-Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		[1]
Level 1 [Member] | Mutual funds [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 3,526	[1]
Level 2 [Member] | Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost	$ 15,970
Unrealized Gains (Losses)
Fair Value	$ 15,970
Level 2 [Member] | Commercial Paper [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Level 2 [Member] | Commercial Paper [Member] | Short-Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 15,970
Level 2 [Member] | Commercial Paper [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Level 2 [Member] | Repurchase Agreements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost	$ 99,600
Unrealized Gains (Losses)
Fair Value	$ 99,600
Level 2 [Member] | Repurchase Agreements [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 99,600
Level 2 [Member] | Repurchase Agreements [Member] | Short-Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Level 2 [Member] | Repurchase Agreements [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Level 2 [Member] | Certificates of Deposit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost	$ 100,348
Unrealized Gains (Losses)	(86)
Fair Value	$ 100,262
Level 2 [Member] | Certificates of Deposit [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Level 2 [Member] | Certificates of Deposit [Member] | Short-Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 100,262
Level 2 [Member] | Certificates of Deposit [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
[1]	The Company has established a non-qualified deferred compensation plan for certain members of management and all non-employee directors. The Company is informally funding its obligations under the deferred compensation plan by purchasing shares in various equity, bond and money market mutual funds that are held in a “Rabbi Trust” and are restricted for payment of obligations to plan participants. See Note 5 for additional information regarding the deferred compensation plan.

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Nov. 30, 2015	Feb. 28, 2015
INVENTORIES [Abstract]
Raw materials	$ 14,196	$ 14,519
Work in process	615	361
Finished goods	3,292	3,786
Inventories	$ 18,103	$ 18,666

GOODWILL AND OTHER INTANGIBLE35

GOODWILL AND OTHER INTANGIBLE ASSETS (Schedule of Goodwill) (Details) - USD ($)	9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Goodwill [Line Items]
Balance at beginning of period	$ 15,483,000	$ 15,422,000
Crashboxx acquisition	$ 1,025,000
Purchase price allocation adjustments		$ 57,000
Balance at end of period	$ 16,508,000	$ 15,479,000
Crashboxx [Member]
Goodwill [Line Items]
Crashboxx acquisition	$ 1,025,000

GOODWILL AND OTHER INTANGIBLE36

GOODWILL AND OTHER INTANGIBLE ASSETS (Narrative) (Details) - USD ($)	Apr. 17, 2015	Nov. 30, 2015	Nov. 30, 2014
Business Acquisition [Line Items]
Additions		$ 1,026,000
Crashboxx acquisition		1,025,000
Developed Technology [Member]
Business Acquisition [Line Items]
Additions		930,000
Crashboxx [Member]
Business Acquisition [Line Items]
Acquistion date	Apr. 17, 2015
Payment to acquire business	$ 1,500,000
Estimated fair value of future earn-out payments	$ 455,000
Term of revenues	5 years
Crashboxx acquisition		$ 1,025,000
Crashboxx [Member] | Developed Technology [Member]
Business Acquisition [Line Items]
Additions	$ 930,000

GOODWILL AND OTHER INTANGIBLE37

GOODWILL AND OTHER INTANGIBLE ASSETS (Schedule of Other Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014	Feb. 28, 2015
Other intangible assets:
Beginning balance			$ 40,377
Additions			1,026
Retirements			(4,231)
Ending balance	$ 37,172		37,172
Beginning balance			17,781
Expense	1,663	$ 1,635	4,962	$ 4,952
Retirements			(4,231)
Ending balance	18,512		18,512
Net	18,660		$ 18,660		$ 22,596
Supply Contract [Member]
Other intangible assets:
Amortization period			5 years
Beginning balance			$ 2,220
Additions
Retirements
Ending balance	2,220		$ 2,220
Beginning balance			1,247
Expense			$ 324
Retirements
Ending balance	1,571		$ 1,571
Net	649		649		973
Developed Technology [Member]
Other intangible assets:
Beginning balance			16,151
Additions			930
Retirements			(3,001)
Ending balance	14,080		14,080
Beginning balance			7,126
Expense			1,720
Retirements			(3,001)
Ending balance	5,845		5,845
Net	8,235		$ 8,235		9,025
Developed Technology [Member] | Minimum [Member]
Other intangible assets:
Amortization period			2 years
Developed Technology [Member] | Maximum [Member]
Other intangible assets:
Amortization period			7 years
Tradename [Member]
Other intangible assets:
Amortization period			7 years
Beginning balance			$ 2,130
Additions			$ 13
Retirements
Ending balance	2,143		$ 2,143
Beginning balance			1,217
Expense			$ 229
Retirements
Ending balance	1,446		$ 1,446
Net	697		697		913
Customer Lists [Member]
Other intangible assets:
Beginning balance			$ 19,438
Additions
Retirements			$ (1,138)
Ending balance	18,300		18,300
Beginning balance			7,949
Expense			2,660
Retirements			(1,138)
Ending balance	9,471		9,471
Net	8,829		$ 8,829		11,489
Customer Lists [Member] | Minimum [Member]
Other intangible assets:
Amortization period			5 years
Customer Lists [Member] | Maximum [Member]
Other intangible assets:
Amortization period			7 years
Covenants not to Compete [Member]
Other intangible assets:
Amortization period			5 years
Beginning balance			$ 262
Additions
Retirements			$ (92)
Ending balance	170		170
Beginning balance			187
Expense			25
Retirements			(92)
Ending balance	120		120
Net	50		$ 50		75
Patents [Member]
Other intangible assets:
Amortization period			5 years
Beginning balance			$ 176
Additions			$ 83
Retirements
Ending balance	259		$ 259
Beginning balance			55
Expense			$ 4
Retirements
Ending balance	59		$ 59
Net	$ 200		$ 200		$ 121

GOODWILL AND OTHER INTANGIBLE38

GOODWILL AND OTHER INTANGIBLE ASSETS (Schedule of Future Amortization Expense) (Details) - USD ($) $ in Thousands	Nov. 30, 2015	Feb. 28, 2015
Fiscal Year
2016 (remainder)	$ 1,672
2,017	6,686
2,018	6,233
2,019	2,887
2,020	880
Thereafter	302
Net	$ 18,660	$ 22,596

OTHER ASSETS (Details)

OTHER ASSETS (Details)	1 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015GBP (£)	Nov. 30, 2015USD ($)	Nov. 30, 2014USD ($)	Nov. 30, 2015USD ($)	Nov. 30, 2014USD ($)	Feb. 28, 2015USD ($)
Schedule of Equity Method Investments [Line Items]
Deferred compensation plan assets			$ 3,526,000		$ 3,526,000		$ 2,222,000
Investment in affiliate			1,784,000		1,784,000
Other			677,000		677,000		$ 915,000
Total			5,987,000		5,987,000		3,137,000
Deferred compensation plan liabilities			3,543,000		3,543,000		$ 2,246,000
Investment in equity method investment					2,156,000
Equity in net loss of affiliate			(326,000)		(326,000)
Foreign currency cumulative translation adjustment			(46,000)		$ (46,000)
Smart Driver Club Limited [Member]
Schedule of Equity Method Investments [Line Items]
Investment in equity method investment	$ 2,156,000	£ 1,400,000
Equity in net loss of affiliate			(326,000)
Foreign currency cumulative translation adjustment			$ (46,000)

FINANCING ARRANGEMENTS (Bank Cr

FINANCING ARRANGEMENTS (Bank Credit Facility) (Details) - Line of Credit [Member] $ in Millions	9 Months Ended
	Nov. 30, 2015USD ($)
Bank Credit Facility
Maximum borrowing capacity	$ 15
Maximum borrowing capacity, percent of eligible accounts receivable	85.00%
Maturity date	Mar. 1, 2017

FINANCING ARRANGEMENTS (Long-te

FINANCING ARRANGEMENTS (Long-term Debt) (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	1 Months Ended	9 Months Ended
	May. 31, 2015	Nov. 30, 2015	Nov. 30, 2014	Apr. 17, 2015
Debt Instrument [Line Items]
Issuance costs attributable to the liability component		$ 5,291
Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt issuance	$ 172,500	$ 172,500
Interest rate (as a percent)	1.625%	1.625%
Net proceeds from sale of the Notes	$ 167,200
Unamortized issuance costs	5,300	$ 3,890
Net proceeds used to pay the cost of the convertible note hedge transactions	$ 15,400
Maturity date	May 15, 2020
Conversion rate of shares of common stock		36.2398
Conversion price (in dollars per share)		$ 27.594
Percentage of repurchase price of the principal amount		100.00%
Maximum number of shares of common stock that could be issued, following certain corporate events that occur prior to maturity		2.5
Discount rate (as a percent)		6.20%
Conversion premium		$ 33,600
Debt discount to be amortized		$ 30,509		$ 33,600
Effective interest rate		6.20%
Deferred tax asset related to notes issuance		$ 400
Deferred tax asset related to equity component of issuance costs		1,000
Fair value of the Notes		165,000		$ 138,900
Deferred tax effect of conversion feature		16,000
Issuance costs attributable to the liability component		$ 4,300
Debt Instrument, Covenant Description		The Indenture contains customary terms and conditions, including that upon certain events of default occurring and continuing, either the Trustee or the holders of at least 25% in aggregate principal amount of the then outstanding Notes, by notice to the Company and the Trustee, may declare 100% of the principal amount of, and accrued and unpaid interest, if any, on all the Notes then outstanding to be due and payable immediately. Such events of default include, without limitation, the default by the Company or any of its subsidiaries with respect to indebtedness for borrowed money in excess of $10 million and the entry of judgments for the payment of $10 million or more against the Company or any of its subsidiaries which are not paid, discharged or stayed within 60 days.

FINANCING ARRANGEMENTS (Schedul

FINANCING ARRANGEMENTS (Schedule of Balances Attributable to Notes) (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	May. 31, 2015	Nov. 30, 2015	Apr. 17, 2015	Feb. 28, 2015
Liability component:
1.625% Convertible senior unsecured notes		$ 138,101
Convertible Senior Notes [Member]
Liability component:
Principal	$ 172,500	172,500
Less: Unamortized debt discount		(30,509)	$ (33,600)
Unamortized debt issuance costs	$ (5,300)	(3,890)
1.625% Convertible senior unsecured notes		$ 138,101

FINANCING ARRANGEMENTS (Note He

FINANCING ARRANGEMENTS (Note Hedge and Warrant Arrangements) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Apr. 30, 2015	Nov. 30, 2015	Nov. 30, 2014
Debt Instrument [Line Items]
Purchase of note hedges, net of tax		$ (19,324)
Proceeds from issuance of warrants		$ 15,991
Warrant [Member]
Debt Instrument [Line Items]
Strike price of underlie convertible notes (in dollars per share)	$ 39.42
Percentage of premium on sale price of common stock	100.00%
Share price (in dollars per share)	$ 19.71
Note Hedge [Member]
Debt Instrument [Line Items]
Number of common stock with hedge transactions		6,250
Principal amount		$ 172,500
Payments for notes hedges		31,300
Purchase of note hedges, net of tax		$ 19,300
Conversion price for the Notes		$ 27.594
Issue discount interest deductible for income tax purposes		$ 31,300
Deferred tax asset		$ 12,000

FINANCING ARRANGEMENTS (Contrac

FINANCING ARRANGEMENTS (Contractual Cash Obligations) (Details) - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015
Operating leases
2016 (remainder)	$ 491
2,017	2,308
2,018	1,937
2,019	1,569
2,020	890
Thereafter	162
Total	7,357
Purchase obligations
2016 (remainder)	$ 48,691
2,017
2,018
2,019
2,020
Thereafter
Total	$ 48,691
Total contractual obligations
2016 (remainder)	49,182
2,017	9,621
2,018	6,243
2,019	4,372
2,020	3,693
Thereafter	174,064
Total	$ 247,175
Other Contractual Commitments [Member]
Commitments
2016 (remainder)
2,017	$ 4,510
2,018	$ 1,503
2,019
2,020
Thereafter
Total	$ 6,013
Convertible Senior Notes [Member]
Debt
2016 (remainder)
2,017
2,018
2,019
2,020
Thereafter	$ 172,500
Total	$ 172,500	$ 172,500
Commitments
2016 (remainder)
2,017	$ 2,803
2,018	2,803
2,019	2,803
2,020	2,803
Thereafter	1,402
Total	$ 12,614

INCOME TAXES (Details)

INCOME TAXES (Details)	9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
INCOME TAXES [Abstract]
Effective income tax rate	37.40%	37.40%

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
EARNINGS PER SHARE [Abstract]
Basic weighted average number of common shares outstanding	36,319	35,901	36,138	35,735
Effect of stock options, restricted stock and restricted stock units computed on treasury stock method	484	625	590	773
Diluted weighted average number of common shares outstanding	36,803	36,526	36,728	36,508
Shares underlying stock options excluded from calculation of diluted earnings per share	242	146	242	146
Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Conversion price (in dollars per share)	$ 27.594		$ 27.594

STOCK-BASED COMPENSATION (Sched

STOCK-BASED COMPENSATION (Schedule of Stock-based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 1,602	$ 1,168	$ 4,211	$ 2,924
Cost of revenues [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	51	65	170	176
Research and development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	217	171	579	452
Selling [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	325	178	820	418
General and administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 1,009	$ 754	$ 2,642	$ 1,878

STOCK-BASED COMPENSATION (Summa

STOCK-BASED COMPENSATION (Summary of Stock Option Activity) (Details) shares in Thousands	9 Months Ended
	Nov. 30, 2015$ / sharesshares
Number of Options
Outstanding at February 28, 2015 | shares	1,007
Granted | shares	82
Exercised | shares	(145)
Forfeited or expired | shares	(1)
Outstanding at November 30, 2015 | shares	943
Exercisable at November 30, 2015 | shares	771
Weighted Average Exercise Price
Outstanding at February 28, 2015 | $ / shares	$ 5.80
Granted | $ / shares	17.54
Exercised | $ / shares	4.08
Forfeited or expired | $ / shares	1.80
Outstanding at November 30, 2015 | $ / shares	7.08
Exercisable at November 30, 2015 | $ / shares	$ 5.06

STOCK-BASED COMPENSATION (Sum49

STOCK-BASED COMPENSATION (Summary of Restricted Stock Shares and RSUs Activity) (Details) - Restricted Stock Units (Rsus) and Performance Stock Units (PSU's) [Member] shares in Thousands	9 Months Ended
	Nov. 30, 2015$ / sharesshares
Number of Restricted Shares, PSUs and RSUs
Outstanding at February 28, 2015 | shares	886
Granted | shares	509
Vested | shares	(389)
Forfeited | shares	(33)
Outstanding at November 30, 2015 | shares	973
Weighted Average Grant Date Fair Value
Outstanding at February 28, 2015 | $ / shares	$ 12.90
Granted | $ / shares	17.74
Vested | $ / shares	9.49
Forfeited | $ / shares	14.99
Outstanding at November 30, 2015 | $ / shares	$ 16.72

STOCK-BASED COMPENSATION (Narra

STOCK-BASED COMPENSATION (Narrative) (Details) $ in Millions	9 Months Ended
	Nov. 30, 2015USD ($)shares
STOCK-BASED COMPENSATION [Abstract]
Vested restricted stock and RSUs retained to cover the the minimum required statutory amount of withholding taxes (Shares) | shares	141,634
Unrecognized share-based compensation cost | $	$ 15.1
Unrecognized compensation cost, recognition period	2 years 10 months 24 days

CONCENTRATION OF RISK (Details)

CONCENTRATION OF RISK (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014	Feb. 28, 2015
Revenues [Member] | Customer Concentration Risk [Member] | Customer One from Satellite Business Unit [Member]
Concentration Risk [Line Items]
Concentration percentage	16.00%	14.00%	13.00%	16.00%
Revenues [Member] | Customer Concentration Risk [Member] | Customer One from Wireless Datacom Segment [Member]
Concentration Risk [Line Items]
Concentration percentage	10.00%
Accounts receivable [Member] | Customer Concentration Risk [Member] | Customer One from Satellite Business Unit [Member]
Concentration Risk [Line Items]
Concentration percentage			12.00%		12.00%
Accounts receivable [Member] | Customer Concentration Risk [Member] | Customer One from Wireless Datacom Segment [Member]
Concentration Risk [Line Items]
Concentration percentage			16.00%		15.00%
Inventory purchases [Member] | Supplier Concentration Risk [Member] | Major Supplier One [Member]
Concentration Risk [Line Items]
Concentration percentage			55.00%	59.00%
Inventory purchases [Member] | Supplier Concentration Risk [Member] | Major Supplier Two [Member]
Concentration Risk [Line Items]
Concentration percentage			16.00%
Accounts payable [Member] | Supplier Concentration Risk [Member] | Major Supplier One [Member]
Concentration Risk [Line Items]
Concentration percentage			58.00%
Accounts payable [Member] | Supplier Concentration Risk [Member] | Major Supplier Two [Member]
Concentration Risk [Line Items]
Concentration percentage			14.00%

PRODUCT WARRANTIES (Details)

PRODUCT WARRANTIES (Details) - Product Warranty [Member] - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	$ 1,819	$ 1,516
Charged to costs and expenses	1,088	1,097
Deductions	(781)	(778)
Balance at end of period	$ 2,126	$ 1,835

OTHER FINANCIAL INFORMATION (Sc

OTHER FINANCIAL INFORMATION (Schedule of Other Non-Current Liabilities) (Details) - USD ($) $ in Thousands	Nov. 30, 2015	Feb. 28, 2015
OTHER FINANCIAL INFORMATION [Abstract]
Deferred compensation plan liability	$ 3,543	$ 2,246
Deferred revenue	1,203	1,652
Deferred rent	621	$ 329
Acquisition-related contingent consideration	499
Total other non-current liabilities	$ 5,866	$ 4,227

OTHER FINANCIAL INFORMATION (54

OTHER FINANCIAL INFORMATION (Schedule of Investment Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
OTHER FINANCIAL INFORMATION [Abstract]
Unrealized gains (losses) on marketable securities	$ 110	$ (2)	$ (27)	$ (5)
Investment income on cash equivalents and marketable securities	250	16	538	41
Investment income (loss) on Rabbi Trust assets	78	23	(88)	92
Total investment income	$ 438	$ 37	$ 423	$ 128

OTHER FINANCIAL INFORMATION (55

OTHER FINANCIAL INFORMATION (Schedule of Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014	May. 31, 2015
Interest expense on convertible senior unsecured notes:
Stated interest at 1.625% per annum	$ 685		$ 1,567
Amortization of note discount	1,370		3,106
Amortization of debt issue costs	175		396
Interest expense on convertible notes	2,230		5,069
Other interest expense	22	$ 49	111	$ 236
Total interest expense	$ 2,252	$ 49	$ 5,180	$ 236
Convertible Senior Notes [Member]
Condensed Income Statements, Captions [Line Items]
Interest rate (as a percent)	1.625%		1.625%		1.625%

OTHER FINANCIAL INFORMATION (56

OTHER FINANCIAL INFORMATION (Schedule of Cash Payments for Interest and Income Taxes) (Details) - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
OTHER FINANCIAL INFORMATION [Abstract]
Interest expense paid	$ 1,511	$ 4
Income tax paid	$ 365	$ 280

OTHER FINANCIAL INFORMATION (57

OTHER FINANCIAL INFORMATION (Schedule of Non-cash Investing and Financing Activities) (Details) - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Acquisition of Crashboxx in April 2015:
Accrued liability for earn-out consideration	$ 455

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Segment Reporting Information [Line Items]
Revenues	$ 74,675	$ 63,225	$ 209,912	$ 181,416
Gross profit	$ 26,574	$ 22,104	$ 75,403	$ 62,819
Gross margin, percentage	35.60%	35.00%	35.90%	34.60%
Operating income	$ 8,613	$ 6,455	$ 23,555	$ 16,092
Operating Segments [Member] | Wireless Datacom [Member]
Segment Reporting Information [Line Items]
Revenues	62,842	54,580	182,487	152,631
Gross profit	$ 23,416	$ 20,078	$ 68,102	$ 55,440
Gross margin, percentage	37.30%	36.80%	37.30%	36.30%
Operating income	$ 7,821	$ 6,579	$ 23,036	$ 14,904
Operating Segments [Member] | Satellite [Member]
Segment Reporting Information [Line Items]
Revenues	11,833	8,645	27,425	28,785
Gross profit	$ 3,158	$ 2,026	$ 7,301	$ 7,379
Gross margin, percentage	26.70%	23.40%	26.60%	25.60%
Operating income	$ 1,983	$ 914	$ 3,964	$ 4,070
Corporate Expenses [Member]
Segment Reporting Information [Line Items]
Operating income	$ (1,191)	$ (1,038)	$ (3,445)	$ (2,882)

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - LoJack Corporation [Member] - Subsequent Event [Member] - Scenario, Forecast [Member] $ / shares in Units, $ in Millions	Dec. 10, 2015USD ($)$ / shares
Subsequent Event [Line Items]
Share price | $ / shares	$ 5.50
Aggregate value | $	$ 113