CalAmp (CAMP) 10-Q 29 Sep 16 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 31, 2016	Sep. 23, 2016
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
Document Period End Date	Aug. 31, 2016
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,017
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		36,332,377

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 31, 2016	Feb. 29, 2016
Current assets:
Cash and cash equivalents	$ 94,705	$ 139,388
Short-term marketable securities	22,299	88,718
Accounts receivable, less allowance for doubtful accounts of $691 and $622 at August 31, 2016 and February 29, 2016, respectively	68,766	49,432
Inventories	27,999	16,731
Prepaid expenses and other current assets	7,314	4,498
Total current assets	221,083	298,767
Property, equipment and improvements, net of accumulated depreciation and amortization	21,599	11,225
Deferred income tax assets	28,604	30,213
Goodwill	63,180	16,508
Other intangible assets, net	74,916	17,010
Other assets	10,777	10,640
Total assets	420,159	384,363
Current liabilities:
Accounts payable	36,604	24,938
Accrued payroll and employee benefits	10,800	6,814
Deferred revenue	16,855	9,438
Other current liabilities	17,945	8,375
Total current liabilities	82,204	49,565
1.625% convertible senior unsecured notes	143,260	139,800
Other non-current liabilities	13,500	5,551
Total liabilities	238,964	194,916
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; 36,419 and 36,667 shares issued and outstanding at August 31, 2016 and February 29, 2016, respectively	364	367
Additional paid-in capital	223,680	229,159
Accumulated deficit	(41,991)	(39,853)
Accumulated other comprehensive loss	(858)	(226)
Total stockholders' equity	181,195	189,447
Total Liabilities and Stockholders' Equity	$ 420,159	$ 384,363

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Aug. 31, 2016	Feb. 29, 2016
Statement of Financial Position [Abstract]
Allowance for doubtful accounts (in dollars)	$ 691	$ 622
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	36,419	36,667
Common stock, shares outstanding	36,419	36,667

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Revenues:
Products	$ 75,984	$ 58,498	$ 152,405	$ 113,295
Application subscriptions and other services	14,495	11,310	29,221	21,942
Total revenues	90,479	69,808	181,626	135,237
Cost of revenues:
Products	45,486	39,223	94,375	76,560
Application subscriptions and other services	7,379	5,282	14,803	9,848
Total cost of revenues	52,865	44,505	109,178	86,408
Gross profit	37,614	25,303	72,448	48,829
Operating expenses:
Research and development	5,885	4,995	11,976	9,560
Selling	12,683	5,847	23,991	11,345
General and administrative	11,284	4,908	27,267	9,683
Intangible asset amortization	3,856	1,655	7,346	3,299
Total operating expenses	33,708	17,405	70,580	33,887
Operating income	3,906	7,898	1,868	14,942
Non-operating income (expense):
Investment income (loss)	455	(43)	908	(15)
Interest expense	(2,474)	(2,280)	(4,898)	(2,928)
Other income (expense)	(130)	(18)	413	(29)
Total non-operating income (expense)	(2,149)	(2,341)	(3,577)	(2,972)
Income (loss) before income taxes and equity in net loss of affiliate	1,757	5,557	(1,709)	11,970
Income tax benefit (provision)	(864)	(2,058)	255	(4,412)
Income (loss) before equity in net loss of affiliate	893	3,499	(1,454)	7,558
Equity in net loss of affiliate	(372)		(684)
Net income (loss)	$ 521	$ 3,499	$ (2,138)	$ 7,558
Earnings (loss) per share:
Basic	$ 0.01	$ 0.10	$ (0.06)	$ 0.21
Diluted	$ 0.01	$ 0.10	$ (0.06)	$ 0.21
Shares used in computing earnings (loss) per share:
Basic	36,390	36,135	36,425	36,049
Diluted	36,849	36,716	36,425	36,691
Comprehensive income (loss):
Net income (loss)	$ 521	$ 3,499	$ (2,138)	$ 7,558
Other comprehensive loss:
Foreign currency translation adjustments	(109)		(624)
Unrealized loss on equity investment in French licensee, net of tax	(16)		(8)
Total comprehensive income (loss)	$ 396	$ 3,499	$ (2,770)	$ 7,558

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (2,138)	$ 7,558
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation expense	4,032	1,675
Intangible assets amortization expense	7,346	3,299
Stock-based compensation expense	3,605	2,609
Amortization of convertible debt issue costs and discount	3,460	2,019
Foreign currency remeasurement gains	(460)
Deferred tax assets, net	(1,091)	4,106
Equity in net loss of affiliate	684
Impairment of internal use software	1,364
Other	14	7
Changes in operating assets and liabilities:
Accounts receivable	1,814	2,115
Inventories	2,043	(3,906)
Prepaid expenses and other assets	2,818	257
Accounts payable	1,929	9,487
Accrued liabilities	(6,864)	1,185
Deferred revenue	760	(1,649)
NET CASH PROVIDED BY OPERATING ACTIVITIES	19,316	28,762
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities of marketable securities	66,419	6,634
Purchases of marketable securities		(114,010)
Capital expenditures	(3,527)	(2,576)
Acquisition of Crashboxx		(1,500)
Acquisition of LoJack, net of cash acquired	(116,982)
Advances to affiliate	(737)
Other	(36)
NET CASH USED IN INVESTING ACTIVITIES	(54,863)	(111,452)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of convertible senior 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		(1,262)
Repurchases of common stock	(8,451)
Taxes paid related to net share settlement of vested equity awards	(1,416)	(2,478)
Proceeds from exercise of stock options	780	487
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	(9,087)	148,604
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(49)
Net change in cash and cash equivalents	(44,683)	65,914
Cash and cash equivalents at beginning of period	139,388	34,184
Cash and cash equivalents at end of period	$ 94,705	$ 100,098

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Aug. 31, 2016
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. In March 2016, the Company completed the acquisition of all outstanding shares of common stock of LoJack Corporation (“LoJack”), a global leader in products and services for tracking and recovering cars, trucks and other valuable mobile assets. See Note 2 for a description of this acquisition. Up to and including the quarter ended August 31, 2016, products of the Company's Satellite segment were sold to EchoStar, an affiliate of Dish Network, for incorporation into complete subscription satellite television systems. In April 2016, EchoStar notified the Company that it would stop purchasing products from the Company at the end of its then-current product demand forecast as a result of a consolidation of its supplier base. EchoStar’s product demand forecast with the Company extended through August 2016, and the products covered by this forecast were substantially all shipped prior to August 31, 2016. In light of the fact that EchoStar accounted for essentially all of the revenues of the Satellite segment, the Company’s Satellite business was shut down effective August 31, 2016. Certain notes and other information included in the Company’s Annual Report on Form 10-K 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 2016 Annual Report on Form 10-K as filed with the Securities and Exchange Commission on April 20, 2016. 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 August 31, 2016 and its results of operations for the three and six months ended August 31, 2016 and 2015. 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 telematics applications through 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. Generally, the Company defers the recognition of revenue for the products that are sold with application subscriptions because the products are not functional without the application services. 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 ratably over the renewal term. In the United States, the Company generally recognizes revenue on LoJack product sales that have no associated continuing service obligations on the part of the Company upon installation of the products. Revenue relating to sales made to the Company’s third party installation partners, who purchase the Company’s products and perform installations themselves, is recognized upon shipment, which is prior to the installation of the related products in the end user’s vehicle. Revenue from the sales of products to international licensees is recognized upon shipment of the products to the licensee or when payment becomes reasonably assured, whichever is later. In Italy, the purchase of an initial monitoring service contract is a requirement at the time the consumer purchases a LoJack product. Revenue is recognized over the life of the contract. These contracts, which are sold separately from the LoJack hardware, are offered for terms ranging from 12 to 60 months and are generally payable in full upon activation of the related unit or renewal of a previous contract. Customers are also offered a month-to-month option for service contracts. The Company offers several types of extended warranty contracts in the United States. For those contracts for which an independent third party insurer, and not the Company, is the primary obligor, the Company recognizes revenue at the time of the sale of the warranty. For those warranty products to which the Company is the primary obligor, revenue is deferred and is recognized over five years, which is the estimated life of new vehicle ownership. For the majority of extended warranty contracts originated after 2011, the Company recognizes revenue at the time of sale. For those warranties for which an independent third party insurer, and not the Company, is the primary obligor, the Company records revenue on a gross basis, with related costs being included in cost of goods sold. The Company considered the factors for gross and net revenue recording and determined that despite not being the primary obligor for the majority of these arrangements, gross revenue reporting was appropriate based on the relevant accounting guidance. Specifically, the Company has latitude in establishing price; it can change the product offering; it has discretion in supplier selection; it is involved in the determination of product or service specifications; it bears the credit risk; and the amount that it earns on each contract is not fixed. 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. Foreign Currency Translation and Accumulated Other Comprehensive Loss Account A cumulative foreign currency translation loss of $850,000 related to the Company’s foreign subsidiaries is included in accumulated other comprehensive income (loss) in the stockholders’ equity section of the consolidated balance sheet at August 31, 2016. The aggregate foreign currency transaction exchange rate gains (losses) included in determining income (loss) before income taxes and equity in net loss of affiliate were $405,000 and $(29,000) in the six months ended August 31, 2016 and 2015, respectively. Recently Issued Accounting Standards In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2016-09, Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). This update is intended to simplify the accounting for share-based payment transactions, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. The amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods within those fiscal years. The Company is currently evaluating the impact of adoption of the new standard on its consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update 2016-02, Leases. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. Early adoption is permitted. The Company is currently evaluating the impact of adoption of the new standard on its consolidated financial statements. In January 2016, the FASB issued Accounting Standards Update 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). This standard revises an entity’s accounting related to (1) the classification and measurement of investments in equity securities and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. It also amends certain disclosure requirements associated with the fair value of financial instruments. Under the new guidance, entities will have to measure equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and recognize any changes in fair value in net income unless the investments qualify for the new practicality exception. ASU 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company is currently evaluating the impact of this standard on its consolidated financial statements. In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). The revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers: Deferral of the Effective Date, which deferred the effective date of this revenue standard for periods beginning after December 15, 2016 to December 15, 2017, with early adoption permitted but not earlier than the original effective date. ASU 2014-09 must be applied retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is continuing to evaluate the effect and methodology of adopting this accounting standard on its results of operations, cash flows and financial position. In April 2014, the FASB issued Accounting Standards Update No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”). This update amends the definition of a discontinued operation, and requires additional disclosures about discontinued operations, as well as disposal transactions that do not meet the discontinued operations criteria. Under this new guidance, only disposals of a component representing a strategic shift in operations that has or will have a major impact on the Company’s operations or financial results should be classified as discontinued operations. The effective date of this standard was March 1, 2015. See Note 15 which describes the effect of the adoption of this standard.

LOJACK ACQUISITION

LOJACK ACQUISITION	6 Months Ended
	Aug. 31, 2016
Business Combinations [Abstract]
LOJACK ACQUISITION	NOTE 2 – LOJACK ACQUISITION In March 2016, the Company completed the acquisition of all outstanding shares of common stock of LoJack. As a result of the acquisition, LoJack became a wholly-owned subsidiary of CalAmp and is consolidated with the Company’s financial statements as of March 15, 2016 as a component of the Company’s Wireless DataCom business segment. The Company funded the acquisition from cash on hand. The total purchase price was $131.7 million, which included the $5.5 million fair value of the 850,100 shares of LoJack common stock that CalAmp purchased in the open market in November and December 2015, prior to entering into a definitive acquisition agreement with LoJack. Pursuant to the Company's business combinations accounting policy, the Company estimated the preliminary fair values of net tangible and intangible assets acquired, and the excess of the consideration transferred over the aggregate of such fair values was recorded as goodwill. The preliminary fair values of net tangible assets and intangible assets acquired were based upon preliminary valuations. The Company's estimates and assumptions reflected in such preliminary valuations are subject to change within the measurement period, which is up to one year from the acquisition date. The primary areas that remain preliminary relate to the fair values of intangible assets acquired, certain tangible assets and liabilities acquired, certain legal matters, deferred income taxes and goodwill. The Company expects to continue to obtain information to assist in determining the fair values of the net assets acquired during the measurement period. The following is the preliminary purchase price allocation for LoJack (in thousands): Purchase price $ 131,735 Less cash acquired, net of debt assumed (9,303 ) Net cash paid 122,432 Fair value of net assets acquired: Current assets other than cash $ 41,532 Property and equipment 12,259 Developed technology 8,200 Tradename 35,500 Customer lists 4,650 Dealer relationships 16,850 Other non-current assets 4,208 Deferred tax liability (2,700 ) Current liabilities (33,457 ) Deferred revenue, non-current (8,698 ) Other non-current liabilities (2,584 ) Total fair value of net assets acquired 75,760 Goodwill $ 46,672 The Company paid a premium (i.e., goodwill) over the fair value of the net tangible and identified intangible assets acquired. The Company believes the acquisition aligns with its strategy to deliver innovative, next generation connected vehicle telematics technologies, thereby accelerating the Company’s strategic roadmap in this large and fast growing market. Furthermore, the Company believes that combining CalAmp's leading portfolio of wireless connectivity devices, software, services and applications with LoJack’s world-renowned brand, proprietary stolen vehicle recovery product, unique law enforcement network and strong relationships with auto dealers, heavy equipment providers and global licensees will create a market leader that is well-positioned to drive the broad adoption of connected vehicle telematics technologies and applications worldwide. The combined enterprise offers customers access to integrated, turnkey offerings that enable a multitude of high value applications encompassing vehicle security and enhanced driver safety. Furthermore, the combination of CalAmp’s and LoJack’s technology offerings is expected to provide global customers with connected vehicle applications to help ensure that retail auto dealers remain competitive and relevant in today’s rapidly evolving markets. The goodwill arising from the LoJack acquisition is not deductible for income tax purposes. In connection with the acquisition of LoJack, the Company has assumed liabilities related to quality assurance programs, warranty claims and contract obligations which are included in accrued expenses and other current liabilities in the purchase price allocation described above. The fair value of inventories acquired included a purchase accounting fair market value step-up of $4.6 million. In the six months ended August 31, 2016, the Company recognized $4.3 million of this markup as a component of cost of revenues that reflects the extent to which the inventory that was subject to step-up was sold to the Company’s customers in such period. Included in inventory as of August 31, 2016 was $0.3 million relating to the remaining fair value step-up associated with the LoJack acquisition. During the quarter ended August 31, 2016, the Company received an independent appraisal of LoJack’s property and equipment, which resulted in a purchase accounting fair market value step-up of $2.6 million. In the three months ended August 31, 2016, the Company recognized $0.4 million of this markup as a component of cost of revenues and operating expenses that reflects the extent to which the property, equipment and improvements that were subject to the step-up were depreciated. Acquisition and integration-related costs of $3.5 million were included in selling, general, and administrative expenses in the Company's statements of comprehensive income (loss) for the three and six months ended August 31, 2016. Revenues of LoJack included in the consolidated statements of operations for the three and six months ended August 31, 2016 were $31.9 million and $59.8 million, respectively. Post-acquisition earnings of LoJack on a standalone basis are impracticable to determine, because immediately following the acquisition CalAmp began to integrate LoJack into its existing operations. The following is unaudited pro forma consolidated financial information for the Company presented as if the acquisition of LoJack had occurred on March 1, 2015, the beginning of the Company’s prior fiscal year. (in thousands except per share amounts) Pro Forma Six Months Ended August 31, 2016 2015 Revenues $ 186,881 $ 200,539 Net income $ 5,447 $ 2,120 Earnings per share: Basic $ 0.15 $ 0.06 Diluted $ 0.15 $ 0.06 Shares used in computing earnings per share: Basic 36,425 36,049 Diluted 36,931 36,691 The following adjustments were included in the unaudited pro forma financial information (in thousands): Pro Forma Six Months Ended August 31, 2016 2015 LoJack standalone net income: From March 1 to March 14, 2016 $ 973 $ - For the six month period ended September 30, 2015 - 2,669 Increase (decrease) in revenue for fair valuation of deferred revenue 984 (984 ) (Increase) decrease in costs and expenses: Amortization of inventory step-up 4,318 (4,318 ) Amortization of intangible assets and depreciation of property, equipment and improvements acquired (309 ) (3,700 ) Acquisition and integration expenses 3,539 (3,195 ) Net increase (decrease) in pretax income (loss) 9,505 (9,528 ) Income tax effects (1,920 ) 4,090 Change in net income (loss) 7,585 (5,438 ) Net income (loss) as reported (2,138 ) 7,558 Pro forma net income loss $ 5,447 $ 2,120 The pro forma consolidated financial information is not necessarily indicative of what the Company's actual results of operations would have been had LoJack been included in the Company's historical consolidated financial statements for all of the six month periods ended August 31, 2016 and 2015. In addition, the pro forma consolidated financial information does not attempt to project the future results of operations of the combined company.

CASH, CASH EQUIVALENTS AND INVE

CASH, CASH EQUIVALENTS AND INVESTMENTS	6 Months Ended
	Aug. 31, 2016
Cash and Cash Equivalents [Abstract]
CASH, CASH EQUIVALENTS AND INVESTMENTS	NOTE 3 – CASH, CASH EQUIVALENTS AND INVESTMENTS The following tables summarize the Company’s financial instrument assets as of August 31, 2016 and February 29, 2016 using the hierarchy described in Note 1 under the heading “Fair Value Measurements” (in thousands): As of August 31, 2016 Balance Sheet Classification of Fair Value Unrealized Cash and Short-Term Adjusted Gains Fair Cash Marketable Other Cost (Losses) Value Equivalents Securities Assets Cash $ 31,665 $ - $ 31,665 $ 31,665 $ - $ - Level 1: Commercial paper 40 - 40 40 - - Mutual funds (1) 5,171 67 5,238 - - 5,238 Equity investment in French licensee (2) 296 (10 ) 286 - - 286 Level 2: Repurchase agreements 63,000 - 63,000 63,000 - - Corporate bonds 22,302 (3 ) 22,299 - 22,299 - Total $ 122,474 $ 54 $ 122,528 $ 94,705 $ 22,299 $ 5,524 As of February 29, 2016 Balance Sheet Classification of Fair Value Unrealized Cash and Short-Term Adjusted Gains Fair Cash Marketable Other Cost (Losses) Value Equivalents Securities Assets Cash $ 6,890 $ - $ 6,890 $ 6,890 $ - $ - Level 1: Mutual funds (1) 3,753 (383 ) 3,370 - - 3,370 LoJack common stock (3) 4,050 1,416 5,466 - - 5,466 Level 2: Repurchase agreements 130,900 - 130,900 130,900 - - Corporate bonds 82,300 (16 ) 82,284 1,556 80,728 Commercial paper 8,032 - 8,032 42 7,990 - Total $ 235,925 $ 1,017 $ 236,942 $ 139,388 $ 88,718 $ 8,836 (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. The deferred compensation plan liability is included in Other Non-current Liabilities in the accompanying consolidated balance sheets. (2) The equity investment in LoJack’s French licensee, in the form of a publicly-traded common stock, is accounted for as an available-for-sale security and is valued at the quoted closing price on its market exchange. The related unrealized gains or losses are included in accumulated other comprehensive income (loss) in the stockholders’ equity section of the consolidated balance sheet. (3) The Company purchased 850,100 shares of LoJack common stock in the open market in November and December 2015, prior to entering into a definitive agreement to acquire 100% of LoJack’s common stock. These shares were considered trading securities and were recorded at fair value as of February 29, 2016.

INVENTORIES

INVENTORIES	6 Months Ended
	Aug. 31, 2016
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 4 - INVENTORIES Inventories consist of the following (in thousands): August 31, February 29, 2016 2016 Raw materials $ 16,202 $ 14,145 Work in process 432 180 Finished goods 11,365 2,406 $ 27,999 $ 16,731

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Aug. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 5 – GOODWILL AND OTHER INTANGIBLE ASSETS All goodwill shown in the accompanying consolidated balance sheets is associated with the Company’s Wireless DataCom segment. Changes in goodwill are as follows (in thousands): Six Months Ended August 31, 2016 2015 Balance at beginning of period $ 16,508 $ 15,483 Acquisition of LoJack 46,672 - Acquisition of Crashboxx - 1,025 Balance at end of period $ 63,180 $ 16,508 Other intangible assets are comprised as follows (in thousands): Gross Accumulated Amortization Net Amort- ization Feb. 29, Addi- Aug. 31, Feb. 29, Aug. 31, Aug. 31, Feb. 29, Period 2016 tions 2016 2016 Expense 2016 2016 2016 Supply contract 5 years $ 2,220 $ - $ 2,220 $ 1,679 $ 216 $ 1,895 $ 325 $ 541 Developed technology 2-7 years 14,080 8,200 22,280 6,427 1,913 8,340 13,940 7,653 Tradenames 7-10 years 2,143 35,500 37,643 1,522 1,778 3,300 34,343 621 Customer lists 4-7 years 18,300 4,650 22,950 10,358 2,305 12,663 10,287 7,942 Dealer relationships 7 years - 16,850 16,850 - 1,104 1,104 15,746 - Covenants not to compete 5 years 170 170 128 18 146 24 42 Patents 5 years 273 52 325 62 12 74 251 211 $ 37,186 $ 65,252 $ 102,438 $ 20,176 $ 7,346 $ 27,522 $ 74,916 $ 17,010 Estimated future amortization expense is as follows (in thousands): Fiscal Year 2017 (remainder) $ 7,730 2018 15,005 2019 11,660 2020 9,652 2021 7,830 Thereafter 23,039 $ 74,916

OTHER ASSETS

OTHER ASSETS	6 Months Ended
	Aug. 31, 2016
Other Assets, Noncurrent Disclosure [Abstract]
OTHER ASSETS	NOTE 6 – OTHER ASSETS Other assets consist of the following (in thousands): August 31, February 29, 2016 2016 Deferred compensation plan assets $ 5,238 $ 3,370 Investment in international licensees 2,327 - Equity investment in and loans to UK affiliate 1,124 1,167 Other 2,088 637 Investment in LoJack common stock - 5,466 $ 10,777 $ 10,640 Included in the assets of the LoJack acquisition are investments in international licensees at the preliminary valuation of $2,327,000 consisting of a 12.5% equity interest in LoJack’s Mexican licensee of $1,541,000, a 17.5% equity interest in LoJack’s Benelux licensee of $500,000, and a 5.5% interest in LoJack’s French licensee of $286,000. The Company has not yet obtained all information required to complete the valuation of the Mexican and Benelux investments. The investment in LoJack’s French licensee, in the form of a marketable equity security, is accounted for as an available-for-sale security and is valued at the quoted closing price of its market exchange as of the reporting date. The equity investment and loans to the Company’s UK affiliate of $1,124,000 include a 49% equity interest in and loans to Smart Driver Club Limited. The investment is accounted for under the equity method since the Company has significant influence over the investee. The Company’s equity in the net loss of this affiliate amounted to $684,000 for the six months ended August 31, 2016. In May 2016, the Company made a loan of $737,000 denominated in British pounds to Smart Driver Club Limited bearing interest at an annual interest rate of 8%, with principal and all unpaid interest due May 19, 2020. LoJack became a wholly-owned subsidiary of the Company in March 2016, at which time the investment of $5.5 million as of February 29, 2016 became part of the purchase price of the LoJack acquisition, as described in Note 2.

FINANCING ARRANGEMENTS

FINANCING ARRANGEMENTS	6 Months Ended
	Aug. 31, 2016
FINANCING ARRANGEMENTS AND CONTRACTUAL CASH OBLIGATIONS [Abstract]
FINANCING ARRANGEMENTS AND CONTRACTUAL CASH OBLIGATIONS	NOTE 7 - FINANCING ARRANGEMENTS Bank Credit Facility The Company has a credit facility with Square 1 Bank that provides for borrowings up to $15 million or 85% of eligible accounts receivable, whichever is less. The credit facility expires on March 1, 2017. Borrowings under this line of credit bear interest at the bank’s prime rate. There were no borrowings outstanding under this credit facility at August 31, 2016 or February 29, 2016. 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 August 31, 2016, the Company was in compliance with its debt covenants under the credit facility. 1.625% Convertible Senior Unsecured Notes As of August 31, 2016, the Company had $172.5 million aggregate principal amount of convertible senior unsecured notes (the “Notes”) outstanding. The Notes are senior unsecured obligations of the Company and bear interest at a rate of 1.625% per year payable in cash on May 15 and November 15 of each year beginning on November 15, 2015. The Notes will mature on May 15, 2020 unless earlier converted or repurchased in accordance with their terms. The Company may not redeem the Notes prior to their stated maturity date. 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 shares of common stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of $27.594 per share of common stock, subject to customary adjustments. Holders may convert their Notes at their option at any time prior to November 15, 2019 upon the occurrence of certain events in the future, as defined in the indenture agreement dated May 6, 2015 (the “Indenture”). During the period from November 15, 2019 to May 13, 2020, holders may convert all or any portion of their Notes regardless of the foregoing conditions. The Company’s intent is to settle the principal amount of the Notes in cash upon conversion. If the conversion value exceeds the Note principal amount, the Company would deliver shares of its common stock in respect to the remainder of its conversion obligation in excess of the aggregate principal amount (the “conversion spread”). The shares associated with the conversion spread, if any, would be included in the denominator for the computation of diluted earnings per share, with such shares calculated using the average closing price of the Company’s common stock during each period. As of August 31, 2016, none of the conditions allowing holders of the Notes to convert have been met. 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% of the principal amount of the Notes, plus any accrued and unpaid interest, if any, to but not including the fundamental change repurchase date. 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 million additional shares of common stock could be issued upon conversions in connection with such corporate events, subject to adjustment in the same manner as the conversion rate. Balances attributable to the Notes consist of the following (in thousands): August 31, February 29, 2016 2016 Principal $ 172,500 $ 172,500 Less: Unamortized debt discount (25,933 ) (29,002 ) Unamortized debt issuance costs (3,307 ) (3,698 ) Net carrying amount of the Notes $ 143,260 $ 139,800 The Notes are carried at their principal amount, net of unamortized debt discount and issuance costs, and are not carried at fair value at each period end. The issuance date fair value of the liability component of the Notes in the amount of $138.9 million was determined using a discounted cash flow analysis, in which the projected interest and principal payments were discounted back to the issuance date of the Notes at a market interest rate for nonconvertible debt of 6.2%, which represents a Level 3 fair value measurement. The debt discount of $33.6 million is being amortized to interest expense using the effective interest method with an effective interest rate of 6.2% over the period from the issuance date through the contractual maturity date of the Notes of May 15, 2020. The approximate fair value of the Notes as of August 31, 2016 was $161 million, which was estimated on the basis of inputs that are observable in the market and which is considered a Level 2 measurement method in the fair value hierarchy. See Note 14 for information related to interest expense on the Notes.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Aug. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 8 - 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 and Puerto Rico, Canada, United Kingdom, Ireland, Italy, Netherlands, Brazil, Mexico, Uruguay and New Zealand. Income tax returns filed for fiscal year 2011 and earlier are not subject to examination by U.S. federal and state tax authorities. Certain income tax returns for fiscal years 2012 through 2016 remain open to examination by U.S. federal and state tax authorities. However, to the extent allowed by law, the tax authorities may have the right to examine prior periods in which net operating losses or tax credits were generated and carried forward, and to make adjustments up to the net operating loss or tax credit carryforward amount. Income tax returns for fiscal years 2012 through 2016 remain open to examination by tax authorities in Canada, United Kingdom, Ireland, Italy, Netherlands, Brazil, Mexico, Uruguay, New Zealand, and Puerto Rico.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Aug. 31, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 9 - 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 composition of weighted average shares used in the computation of basic and diluted earnings per share (in thousands): Three Months Ended Six Months Ended August 31, August 31, 2016 2015 2016 2015 Basic weighted average number of common shares outstanding 36,390 36,135 36,425 36,049 Effect of stock options and restricted stock units computed on treasury stock method 459 581 - 642 Diluted weighted average number of common shares outstanding 36,849 36,716 36,425 36,691 All outstanding options and restricted stock units at August 31, 2016 were excluded from the computation of diluted earnings per share for the six month period then ended because the Company reported a net loss and the effect of inclusion would be antidilutive. Shares subject to anti-dilutive stock options and restricted stock-based awards of 450,000 at August 31, 2016 were excluded from the calculations of diluted earnings per share for the three months then ended. Shares subject to anti-dilutive stock options and restricted stock-based awards of 238,000 at August 31, 2015 were excluded from the calculations of diluted earnings per share for the three and six month periods then ended. 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. From the time of the issuance of Notes, the average market price of the Company’s common stock has been less than the $27.594 initial conversion price of the Notes, and consequently no shares have been included in diluted earnings per share for the conversion value of the Notes.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	6 Months Ended
	Aug. 31, 2016
Comprehensive Income
COMPREHENSIVE INCOME	NOTE 10 – COMPREHENSIVE INCOME Comprehensive income consists of two components, net income (loss) and other comprehensive income (loss) (“OCI”). OCI refers to revenue, expenses and gains and losses that under U.S. Generally Accepted Accounting Principles (GAAP) are recorded as an element of stockholders’ equity but are excluded from net income (loss). The Company’s OCI consists of foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency and unrealized gains and losses on marketable securities classified as available-for-sale. The following table shows the changes in Accumulated Other Comprehensive Loss by component for the six months ended August 31, 2016 (in thousands): Cumulative Unrealized Foreign Gains/Losses on Marketable Currency Translation Securities Total Balances at February 29, 2016 $ (226 ) $ - $ (226 ) Other comprehensive loss, net of tax (624 ) (8 ) (632 ) Balances at August 31, 2016 $ (850 ) $ (8 ) $ (858 )

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Aug. 31, 2016
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 11 – STOCKHOLDERS’ EQUITY Stock Repurchase In June 2016, the Company’s Board of Directors authorized a share repurchase program, under which the Company may repurchase up to $25 million of its outstanding common stock. Under the stock repurchase program, the Company may repurchase shares in open market purchases in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The extent to which CalAmp repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations, as determined by CalAmp’s management team. The repurchase program may be suspended or discontinued at any time. The Company expects to finance the purchases with existing cash balances. During the three and six months ended August 31, 2016, the Company repurchased 0.6 million shares of its common stock at an average share cost of $14.57, including commissions. The total cost of the share repurchases during the three and six months ended August 31, 2016 was $8.5 million. All of the share repurchases were paid for as of August 31, 2016. All common stock repurchased was retired as of August 31, 2016. Of the $25 million authorized for share repurchases, $16.5 million is remaining as of August 31, 2016. Equity Awards Stock-based compensation expense is included in the following captions of the unaudited consolidated statements of comprehensive income (loss) (in thousands): Three Months Ended Six Months Ended August 31, August 31, 2016 2015 2016 2015 Cost of revenues $ 68 $ 54 $ 132 $ 119 Research and development 356 198 537 362 Selling 403 295 698 495 General and administrative 794 842 2,238 1,633 $ 1,621 $ 1,389 $ 3,605 $ 2,609 Changes in the Company’s outstanding stock options during the six months ended August 31, 2016 were as follows (options in thousands): Weighted Number of Average Options Exercise Price Outstanding at February 29, 2016 860 $ 6.96 Granted 227 14.49 Exercised (73 ) 10.66 Forfeited or expired (4 ) (15.43 ) Outstanding at August 31, 2016 1,010 $ 8.35 Exercisable at August 31, 2016 679 $ 4.95 Changes in the Company’s outstanding restricted stock shares, performance stock units (“PSUs”) and restricted stock units (“RSUs”) during the six months ended August 31, 2016 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 29, 2016 953 $ 16.66 Granted 726 14.57 Vested (317 ) 14.65 Forfeited (68 ) 15.73 Outstanding at August 31, 2016 1,294 $ 16.03 During the six months ended August 31, 2016, the Company retained 97,267 shares of vested restricted stock and RSUs to satisfy the minimum required statutory amount of employee withholding taxes. As of August 31, 2016, there was $21.0 million of total unrecognized stock-based compensation cost related to outstanding nonvested equity awards that is expected to be recognized as expense over a weighted-average remaining vesting period of 3.1 years.

CONCENTRATION OF RISK

CONCENTRATION OF RISK	6 Months Ended
	Aug. 31, 2016
Risks and Uncertainties [Abstract]
CONCENTRATION OF RISK	NOTE 12 - CONCENTRATION OF RISK One Wireless DataCom customer in the heavy equipment industry accounted for 9% and 15% of consolidated accounts receivable at August 31, 2016 and February 29, 2016, respectively. The sole customer of the Company’s Satellite segment accounted for 6% and 10% of consolidated accounts receivable at August 31, 2016 and February 29, 2016. The Company has contract manufacturing arrangements with sole source suppliers for LoJack tracking units and transmission towers. As of August 31, 2016, these suppliers accounted for less than 10% of the Company’s total accounts payable. Some of the Company’s other components, assemblies and electronic manufacturing services are also 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 41% and 56% of the Company’s total inventory purchases in the six months ended August 31, 2016 and 2015, respectively. As of August 31, 2016, this supplier accounted for 42% of the Company’s total accounts payable. Another supplier accounted for 11% and 16% of the Company’s total inventory purchases in the six months ended August 31, 2016 and 2015, respectively, and 17% of the Company’s total accounts payable as of August 31, 2016.

PRODUCT WARRANTIES

PRODUCT WARRANTIES	6 Months Ended
	Aug. 31, 2016
Product Warranties Disclosures [Abstract]
PRODUCT WARRANTIES	NOTE 13 - 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 six months ended August 31, 2016 and 2015 is as follows (in thousands): Six Months Ended August 31, 2016 2015 Balance at beginning of period $ 1,892 $ 1,819 Assumed from acquisition of LoJack 1,883 $ - Charged to costs and expenses 530 511 Deductions (1,075 ) (531 ) Balance at end of period $ 3,230 $ 1,799 In September 2014, LoJack commenced a quality assurance program in the U.S. related to a battery performance issue in self-powered LoJack units under base or extended warranty. LoJack also entered into agreements to support quality assurance programs with all major international licensees that identified performance issues in certain self-powered units equipped with the battery pack. At August 31, 2016, the Company had a reserve of $1.1 million, which is included in the accrued warranty costs liability, for certain costs associated with this program, quality assurance programs in other countries and markets, and other business concessions related to the battery performance matter as further described in Note 16. CalAmp anticipates that the U.S. quality assurance program will be completed by the end of fiscal 2018.

OTHER FINANCIAL INFORMATION

OTHER FINANCIAL INFORMATION	6 Months Ended
	Aug. 31, 2016
OTHER FINANCIAL INFORMATION [Abstract]
OTHER FINANCIAL INFORMATION	NOTE 14 – OTHER FINANCIAL INFORMATION Supplemental Balance Sheet Information Other non-current liabilities consist of the following (in thousands): August 31, February 29, 2016 2016 Deferred compensation plan liability $ 5,265 $ 3,392 Deferred revenue 6,087 1,070 Deferred rent 458 559 Acquisition-related contingent consideration 583 530 Other 1,107 - $ 13,500 $ 5,551 The acquisition-related contingent consideration is comprised of the estimated earn-out payable to the sellers in conjunction with the Company’s April 2015 acquisition of Crashboxx. Supplemental Statements of Comprehensive Income (Loss) Information Investment income consists of the following (in thousands): Three Months Ended Six Months Ended August 31, August 31, 2016 2015 2016 2015 Investment income on cash equivalents and marketable securities $ 153 $ 154 $ 329 $ 150 Investment income (loss) on deferred compensation plan Rabbi Trust assets 188 (197 ) 465 (165 ) Dividend income 114 - 114 - Total investment income (loss) $ 455 $ (43 ) $ 908 $ (15 ) Interest expense consists of the following (in thousands): Three Months Ended Six Months Ended August 31, August 31, 2016 2015 2016 2015 Interest expense on convertible senior unsecured notes: Stated interest at 1.625% per annum $ 701 $ 701 $ 1,402 $ 882 Amortization of note discount 1,562 1,353 3,069 1,736 Amortization of debt issue costs 199 173 391 221 2,462 2,227 4,862 2,839 Other interest expense 12 53 36 89 Total interest expense $ 2,474 $ 2,280 $ 4,898 $ 2,928 Supplemental Cash Flow Information “Net cash provided by operating activities” includes cash payments for interest and income taxes as follows (in thousands): Six Months Ended August 31, 2016 2015 Interest expense paid $ 1,447 $ 38 Income tax paid $ 979 $ 337 Following is the supplemental schedule of non-cash investing and financing activities (in thousands): Six Months Ended August 31, 2016 2015 Acquisition of Crashboxx in April 2015: Accrued liability for earn-out consideration $ - $ 455

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Aug. 31, 2016
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 15 - SEGMENT INFORMATION Segment information for the three and six months ended August 31, 2016 and 2015 is as follows (dollars in thousands): Three Months Ended August 31, 2016 Three Months Ended August 31, 2015 Operating Segments Operating Segments Wireless Corporate Wireless Corporate DataCom Satellite Expenses Total DataCom Satellite Expenses Total Revenues $ 83,807 $ 6,672 $ 90,479 $ 61,819 $ 7,989 $ 69,808 Gross profit $ 36,209 $ 1,405 $ 37,614 $ 23,098 $ 2,205 $ 25,303 Gross margin 43.2 % 21.1 % 41.6 % 37.4 % 27.6 % 36.2 % Operating income $ 5,035 $ 139 $ (1,268 ) $ 3,906 $ 7,529 $ 1,557 $ (1,188 ) $ 7,898 Six Months Ended August 31, 2016 Six Months Ended August 31, 2015 Operating Segments Operating Segments Wireless Corporate Wireless Corporate DataCom Satellite Expenses Total DataCom Satellite Expenses Total Revenues $ 166,557 $ 15,069 $ 181,626 $ 119,645 $ 15,592 $ 135,237 Gross profit $ 68,719 $ 3,729 $ 72,448 $ 44,686 $ 4,143 $ 48,829 Gross margin 41.3 % 24.7 % 39.9 % 37.3 % 26.6 % 36.1 % Operating income $ 6,072 $ 1,547 $ (5,751 ) $ 1,868 $ 14,419 $ 2,777 $ (2,254 ) $ 14,942 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. Products of the Company's Satellite segment were sold to EchoStar. In August 2016, EchoStar ceased purchasing products from CalAmp and the Satellite business was shut down effective August 31, 2016. Historically, shared service expenses for accounting, human resources, information technology and legal administration have been allocated to the two reporting segments. Any such shared expenses that will not be eliminated in future periods as a result of the shutdown of the Satellite business have been reclassified in the segment information for all periods presented from the Satellite segment to the Wireless DataCom segment, with no effect on total operating income. In fiscal 2016 and the first half of fiscal 2017, Satellite segment revenues accounted for only 14% and 8%, respectively, of the Company’s consolidated revenues. After giving retroactive effect to the reclassification of general and administration expense from the Satellite segment to the Wireless DataCom segment for shared service expenses that will not be eliminated as a result of the Satellite business shutdown, Satellite segment operating income in fiscal 2016 and the first half of fiscal 2017 represented 23% and 20%, respectively, of total business unit operating income, excluding corporate expenses not allocated to the business units of $6,480,000 and $5,751,000 in fiscal 2016 and the first half of fiscal 2017. Also, as a result of transitioning the Satellite business to a variable cost operating model in fiscal 2012, in which all DBS product manufacturing was moved to a contract manufacturer, assets and liabilities of the Satellite segment represented only about 2% of consolidated assets and liabilities at the end of fiscal 2016. Accordingly, CalAmp believes that the shutdown of the Satellite segment does not qualify for discontinued operations accounting treatment because it represents neither a strategic shift nor did it have or will it have a major impact on the Company’s business or consolidated financial statements.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Aug. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 16 - COMMITMENTS AND CONTINGENCIES Lease Commitments A summary of future payments of operating lease commitments is as follows (dollars in thousands): 2017 (remainder) $ 3,621 2018 6,109 2019 4,656 2020 3,013 2021 1,559 Thereafter 3,712 Total $ 22,670 Legal Proceedings Omega patent infringement claim In December 2013, a patent infringement lawsuit was filed against the Company by Omega Patents, LLC, (“Omega”), a non-practicing entity. Omega alleged that certain of the Company’s vehicle tracking products infringed on certain patents asserted by Omega. On February 24, 2016, a jury in the U.S. District Court for the Middle District of Florida awarded Omega damages of $2.9 million, for which CalAmp recorded a full reserve in the fiscal 2016 fourth quarter. Following trial, Omega brought a motion seeking entry of judgment, an injunction and requesting the court to exercise its discretion to treble damages and assess attorneys’ fees. The Company filed an opposition to Omega’s motion, and the judge’s ruling has not yet been rendered. Motions for judgment as a matter of law and a new trial have not yet been filed because no judgment has been entered. If, following resolution of all post-trial motions, judgment is ultimately entered in Omega’s favor, CalAmp intends to pursue an appeal at the Court of Appeals for the Federal Circuit. In addition to its appeal, CalAmp is seeking to invalidate a number of Omega’s patents in actions filed with the U.S. Patent and Trademark Office. Notwithstanding the adverse jury verdict, the Company continues to believe that its products do not infringe Omega’s patents and that Omega’s patents are not valid, and accordingly CalAmp intends to continue pursuing its judicial and administrative options. While it is not feasible to predict with a high degree of certainty the outcome of this litigation, its ultimate resolution could be material to CalAmp’s cash flows and results of operations. Furthermore, if an injunction is issued by the court, the Company could be prevented from manufacturing and selling a number of its products, which could have a material adverse effect on the Company’s business, results of operations, financial condition and cash flows. Orbcomm patent infringement claim On April 7, 2016, a patent infringement lawsuit was filed against the Company by Orbcomm Inc. (“Orbcomm”) in the U.S. District Court for the Eastern District of Virginia. Orbcomm alleged that certain of the Company’s systems for tracking, monitoring, and controlling vehicles, machinery, and other assets infringed on certain patents asserted by Orbcomm. Orbcomm has not yet made a specific damages claim, but seeks compensatory damages, treble damages, and an injunction. The Company believes that its products and services do not infringe Orbcomm’s patents and/or that Orbcomm’s patents are invalid. On May 27, 2016, the Company filed a motion to dismiss Orbcomm’s claims on the basis, inter alia , that Orbcomm’s patents are directed at ineligible subject matter and are therefore invalid under 35 U.S.C. § 101. On July 22, 2016, the court denied CalAmp’s motion; however, in light of new Federal Circuit case law, CalAmp filed a motion for reconsideration of its motion to dismiss, and the court has received briefs and scheduled an oral argument, regarding certain aspects of CalAmp’s motion, for October 13, 2016. Regardless of the outcome of its motion to dismiss, the Company intends to vigorously defend itself against Orbcomm’s claims. In addition, on July 19, 2016, CalAmp filed with the court its first amended answer to Orbcomm’s complaint, which included an affirmative defense and a counterclaim alleging that Orbcomm’s patents were unenforceable due to inequitable conduct. Orbcomm then filed a motion to dismiss CalAmp’s inequitable conduct counterclaim and to strike CalAmp’s inequitable conduct defense. On September 9, 2016, the court denied Orbcomm’s motion to dismiss and strike. At this early stage of the lawsuit, it is not feasible to predict with any certainty the outcome of this litigation, and the Company has made no accrual for this claim. G.L.M. contract claim On October 13, 2010, a suit was filed by G.L.M. Security & Sound, Inc. (“G.L.M.”) against LoJack in the United States District Court for the Eastern District of New York (the “Court”) alleging breach of contract, misrepresentation, and violation of the New York franchise law, Mass. Gen. Laws c. 93A and the Robinson-Patman Act, among other claims. G.L.M. sought damages of $10,000,000, punitive damages, interest and attorney’s fees, and treble damages. On September 19, 2014, the Court entered summary judgment in favor of LoJack on G.L.M’s three remaining claims for breach of contract, breach of the duty of good faith and fair dealing, and violation of Mass. Gen. Laws c. 93A. The Court denied G.L.M.’s attempt to amend its complaint on the basis of futility and undue delay. The Court also entered summary judgment in favor of LoJack on its counterclaim for breach of contract. On August 21, 2015, the Court issued a Memorandum and Opinion with respect to LoJack’s claim for damages on its breach of contract counterclaim. The Court found that LoJack is entitled to recover damages and interest on its counterclaim in the total amount of $1.9 million. The Court ordered that judgment enter in that amount and that the case be closed. On August 25, 2015, the clerk of the Court entered judgment in LoJack’s favor. On September 23, 2015, G.L.M. filed a notice of appeal in the Court of Appeals for the Second Circuit. On August 2, 2016, the Second Circuit issued a Mandate on the Summary Order affirming the Court’s August 15, 2015 judgment. The Company is now embarking on collecting its judgment, but there can be no assurances that the Company will be able to recover the full amount of the judgment, if any. EVE battery claim LoJack was notified in 2013 by some of its international licensees that some of the batteries manufactured by LoJack’s former battery supplier, EVE Energy Co., Ltd. (“EVE”), and included in self-powered LoJack units these licensees had purchased from LoJack, exhibited degraded performance below LoJack’s quality standards. These notifications led LoJack to perform its own investigation. As a result of this investigation, LoJack confirmed that batteries manufactured by EVE that were included in certain self-powered LoJack units sold in the United States and to LoJack’s international licensees were exhibiting a failure to power over a period of time that could impact the ability of the LoJack unit to transmit a signal when called upon for stolen vehicle recovery. LoJack manufactures both vehicle and self-powered (battery) units and this degraded performance potentially affects only the transmit battery pack in the self-powered units. As of the date of this report, the majority of LoJack units in circulation are vehicle powered. LoJack has incurred, and expects to continue to incur, costs and expenses related to the actions that it decided to take to address this matter. These costs and expenses may include, among others, those related to quality assurance programs, product or battery replacements, warranty claims, extension of product warranties, legal and other professional fees, litigation, and payments or other business concessions to LoJack’s customers. Because of the ongoing nature of this matter, the Company cannot predict what other actions will be required, nor can it predict the outcome nor estimate the possible loss or range of loss with respect to any such actions. See Note 13 for the accrued warranty cost liability related to this matter. LoJack filed a formal claim under its relevant insurance policy and was paid $5,000,000. On October 27, 2014, LoJack and its wholly-owned subsidiary LoJack Ireland commenced arbitration proceedings against EVE by filing a notice of arbitration with a tribunal of with the Hong Kong International Arbitration Centre (the “Tribunal”). The filing alleges that EVE breached representations and warranties made in a supply agreement relating to the quality and performance of batteries supplied by EVE. The arbitration proceedings against EVE were held in Hong Kong on June 6 to 24, 2016. The Tribunal held an additional hearing on September 15 to 16, 2016, and the Tribunal has scheduled an additional hearing for January 9 to 10, 2017, focused on damages. The Company cannot predict the ultimate outcome of the arbitration proceedings or the amount of damages, if any, that the Company may be awarded by the Tribunal. In addition to the foregoing matters, 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 business, results of operations, financial condition and cash flows. LoJack Financing Recourse Agreement LoJack’s financing recourse agreement to certain automobile dealers represents the maximum potential amount of future payments under an agreement with a certain financing company. Pursuant to the recourse agreement, the Company will reimburse participating dealers the unamortized dealer cost of LoJack units purchased by customers via auto loans underwritten by the financing company upon a borrower’s default within the initial 18 months of the auto loan. This agreement was renewed for the year ending December 31, 2016. Based on the unamortized cost of units sold and assuming the default of all borrowers, the Company’s maximum potential amount of future payments under this agreement is $4.2 million as of August 31, 2016. The expected obligation is accrued based on sales to the participating dealers and historical loss experience. As of August 31, 2016, the Company had accrued $73,000 under these guarantees. Accruals for the financing recourse agreement are recorded as a reduction of revenue in the consolidated statement of operations.

DESCRIPTION OF BUSINESS AND S22

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Aug. 31, 2016
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. In March 2016, the Company completed the acquisition of all outstanding shares of common stock of LoJack Corporation (“LoJack”), a global leader in products and services for tracking and recovering cars, trucks and other valuable mobile assets. See Note 2 for a description of this acquisition. Up to and including the quarter ended August 31, 2016, products of the Company's Satellite segment were sold to EchoStar, an affiliate of Dish Network, for incorporation into complete subscription satellite television systems. In April 2016, EchoStar notified the Company that it would stop purchasing products from the Company at the end of its then-current product demand forecast as a result of a consolidation of its supplier base. EchoStar’s product demand forecast with the Company extended through August 2016, and the products covered by this forecast were substantially all shipped prior to August 31, 2016. In light of the fact that EchoStar accounted for essentially all of the revenues of the Satellite segment, the Company’s Satellite business was shut down effective August 31, 2016. Certain notes and other information included in the Company’s Annual Report on Form 10-K 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 2016 Annual Report on Form 10-K as filed with the Securities and Exchange Commission on April 20, 2016. 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 August 31, 2016 and its results of operations for the three and six months ended August 31, 2016 and 2015. 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 telematics applications through 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. Generally, the Company defers the recognition of revenue for the products that are sold with application subscriptions because the products are not functional without the application services. 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 ratably over the renewal term. In the United States, the Company generally recognizes revenue on LoJack product sales that have no associated continuing service obligations on the part of the Company upon installation of the products. Revenue relating to sales made to the Company’s third party installation partners, who purchase the Company’s products and perform installations themselves, is recognized upon shipment, which is prior to the installation of the related products in the end user’s vehicle. Revenue from the sales of products to international licensees is recognized upon shipment of the products to the licensee or when payment becomes reasonably assured, whichever is later. In Italy, the purchase of an initial monitoring service contract is a requirement at the time the consumer purchases a LoJack product. Revenue is recognized over the life of the contract. These contracts, which are sold separately from the LoJack hardware, are offered for terms ranging from 12 to 60 months and are generally payable in full upon activation of the related unit or renewal of a previous contract. Customers are also offered a month-to-month option for service contracts. The Company offers several types of extended warranty contracts in the United States. For those contracts for which an independent third party insurer, and not the Company, is the primary obligor, the Company recognizes revenue at the time of the sale of the warranty. For those warranty products to which the Company is the primary obligor, revenue is deferred and is recognized over five years, which is the estimated life of new vehicle ownership. For the majority of extended warranty contracts originated after 2011, the Company recognizes revenue at the time of sale. For those warranties for which an independent third party insurer, and not the Company, is the primary obligor, the Company records revenue on a gross basis, with related costs being included in cost of goods sold. The Company considered the factors for gross and net revenue recording and determined that despite not being the primary obligor for the majority of these arrangements, gross revenue reporting was appropriate based on the relevant accounting guidance. Specifically, the Company has latitude in establishing price; it can change the product offering; it has discretion in supplier selection; it is involved in the determination of product or service specifications; it bears the credit risk; and the amount that it earns on each contract is not fixed.
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.
Foreign Currency Translation and Accumulated Other Comprehensive Loss Account	Foreign Currency Translation and Accumulated Other Comprehensive Loss Account A cumulative foreign currency translation loss of $850,000 related to the Company’s foreign subsidiaries is included in accumulated other comprehensive income (loss) in the stockholders’ equity section of the consolidated balance sheet at August 31, 2016. The aggregate foreign currency transaction exchange rate gains (losses) included in determining income (loss) before income taxes and equity in net loss of affiliate were $405,000 and $(29,000) in the six months ended August 31, 2016 and 2015, respectively.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2016-09, Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). This update is intended to simplify the accounting for share-based payment transactions, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. The amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods within those fiscal years. The Company is currently evaluating the impact of adoption of the new standard on its consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update 2016-02, Leases. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. Early adoption is permitted. The Company is currently evaluating the impact of adoption of the new standard on its consolidated financial statements. In January 2016, the FASB issued Accounting Standards Update 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). This standard revises an entity’s accounting related to (1) the classification and measurement of investments in equity securities and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. It also amends certain disclosure requirements associated with the fair value of financial instruments. Under the new guidance, entities will have to measure equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and recognize any changes in fair value in net income unless the investments qualify for the new practicality exception. ASU 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company is currently evaluating the impact of this standard on its consolidated financial statements. In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). The revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers: Deferral of the Effective Date, which deferred the effective date of this revenue standard for periods beginning after December 15, 2016 to December 15, 2017, with early adoption permitted but not earlier than the original effective date. ASU 2014-09 must be applied retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is continuing to evaluate the effect and methodology of adopting this accounting standard on its results of operations, cash flows and financial position. In April 2014, the FASB issued Accounting Standards Update No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”). This update amends the definition of a discontinued operation, and requires additional disclosures about discontinued operations, as well as disposal transactions that do not meet the discontinued operations criteria. Under this new guidance, only disposals of a component representing a strategic shift in operations that has or will have a major impact on the Company’s operations or financial results should be classified as discontinued operations. The effective date of this standard was March 1, 2015. See Note 15 which describes the effect of the adoption of this standard.

LOJACK ACQUISITION (Tables)

LOJACK ACQUISITION (Tables)	6 Months Ended
	Aug. 31, 2016
Business Acquisition [Line Items]
Summary of Purchase Price Allocation	Purchase price $ 131,735 Less cash acquired, net of debt assumed (9,303 ) Net cash paid 122,432 Fair value of net assets acquired: Current assets other than cash $ 41,532 Property and equipment 12,259 Developed technology 8,200 Tradename 35,500 Customer lists 4,650 Dealer relationships 16,850 Other non-current assets 4,208 Deferred tax liability (2,700 ) Current liabilities (33,457 ) Deferred revenue, non-current (8,698 ) Other non-current liabilities (2,584 ) Total fair value of net assets acquired 75,760 Goodwill $ 46,672
Summary of Pro Forma Information	Pro Forma Six Months Ended August 31, 2016 2015 Revenues $ 186,881 $ 200,539 Net income $ 5,447 $ 2,120 Earnings per share: Basic $ 0.15 $ 0.06 Diluted $ 0.15 $ 0.06 Shares used in computing earnings per share: Basic 36,425 36,049 Diluted 36,931 36,691
Schedule of Adjustments	Pro Forma Six Months Ended August 31, 2016 2015 LoJack standalone net income: From March 1 to March 14, 2016 $ 973 $ - For the six month period ended September 30, 2015 - 2,669 Increase (decrease) in revenue for fair valuation of deferred revenue 984 (984 ) (Increase) decrease in costs and expenses: Amortization of inventory step-up 4,318 (4,318 ) Amortization of intangible assets and depreciation of property, equipment and improvements acquired (309 ) (3,700 ) Acquisition and integration expenses 3,539 (3,195 ) Net increase (decrease) in pretax income (loss) 9,505 (9,528 ) Income tax effects (1,920 ) 4,090 Change in net income (loss) 7,585 (5,438 ) Net income (loss) as reported (2,138 ) 7,558 Pro forma net income loss $ 5,447 $ 2,120

CASH, CASH EQUIVALENTS AND IN24

CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables)	6 Months Ended
	Aug. 31, 2016
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Marketable Securities	As of August 31, 2016 Balance Sheet Classification of Fair Value Unrealized Cash and Short-Term Adjusted Gains Fair Cash Marketable Other Cost (Losses) Value Equivalents Securities Assets Cash $ 31,665 $ - $ 31,665 $ 31,665 $ - $ - Level 1: Commercial paper 40 - 40 40 - - Mutual funds (1) 5,171 67 5,238 - - 5,238 Equity investment in French licensee (2) 296 (10 ) 286 - - 286 Level 2: Repurchase agreements 63,000 - 63,000 63,000 - - Corporate bonds 22,302 (3 ) 22,299 - 22,299 - Total $ 122,474 $ 54 $ 122,528 $ 94,705 $ 22,299 $ 5,524 As of February 29, 2016 Balance Sheet Classification of Fair Value Unrealized Cash and Short-Term Adjusted Gains Fair Cash Marketable Other Cost (Losses) Value Equivalents Securities Assets Cash $ 6,890 $ - $ 6,890 $ 6,890 $ - $ - Level 1: Mutual funds (1) 3,753 (383 ) 3,370 - - 3,370 LoJack common stock (3) 4,050 1,416 5,466 - - 5,466 Level 2: Repurchase agreements 130,900 - 130,900 130,900 - - Corporate bonds 82,300 (16 ) 82,284 1,556 80,728 Commercial paper 8,032 - 8,032 42 7,990 - Total $ 235,925 $ 1,017 $ 236,942 $ 139,388 $ 88,718 $ 8,836 (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. The deferred compensation plan liability is included in Other Non-current Liabilities in the accompanying consolidated balance sheets. (2) The equity investment in LoJack’s French licensee, in the form of a publicly-traded common stock, is accounted for as an available-for-sale security and is valued at the quoted closing price on its market exchange. The related unrealized gains or losses are included in accumulated other comprehensive income (loss) in the stockholders’ equity section of the consolidated balance sheet. (3) The Company purchased 850,100 shares of LoJack common stock in the open market in November and December 2015, prior to entering into a definitive agreement to acquire 100% of LoJack’s common stock. These shares were considered trading securities and were recorded at fair value as of February 29, 2016.

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Aug. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventories	August 31, February 29, 2016 2016 Raw materials $ 16,202 $ 14,145 Work in process 432 180 Finished goods 11,365 2,406 $ 27,999 $ 16,731

GOODWILL AND OTHER INTANGIBLE26

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Aug. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Six Months Ended August 31, 2016 2015 Balance at beginning of period $ 16,508 $ 15,483 Acquisition of LoJack 46,672 - Acquisition of Crashboxx - 1,025 Balance at end of period $ 63,180 $ 16,508
Schedule of Other Intangible Assets	Gross Accumulated Amortization Net Amort- ization Feb. 29, Addi- Aug. 31, Feb. 29, Aug. 31, Aug. 31, Feb. 29, Period 2016 tions 2016 2016 Expense 2016 2016 2016 Supply contract 5 years $ 2,220 $ - $ 2,220 $ 1,679 $ 216 $ 1,895 $ 325 $ 541 Developed technology 2-7 years 14,080 8,200 22,280 6,427 1,913 8,340 13,940 7,653 Tradenames 7-10 years 2,143 35,500 37,643 1,522 1,778 3,300 34,343 621 Customer lists 4-7 years 18,300 4,650 22,950 10,358 2,305 12,663 10,287 7,942 Dealer relationships 7 years - 16,850 16,850 - 1,104 1,104 15,746 - Covenants not to compete 5 years 170 170 128 18 146 24 42 Patents 5 years 273 52 325 62 12 74 251 211 $ 37,186 $ 65,252 $ 102,438 $ 20,176 $ 7,346 $ 27,522 $ 74,916 $ 17,010
Schedule of Future Amortization Expense	Fiscal Year 2017 (remainder) $ 7,730 2018 15,005 2019 11,660 2020 9,652 2021 7,830 Thereafter 23,039 $ 74,916

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	6 Months Ended
	Aug. 31, 2016
Other Assets, Noncurrent Disclosure [Abstract]
Schedule of Other Assets	August 31, February 29, 2016 2016 Deferred compensation plan assets $ 5,238 $ 3,370 Investment in international licensees 2,327 - Equity investment in and loans to UK affiliate 1,124 1,167 Other 2,088 637 Investment in LoJack common stock - 5,466 $ 10,777 $ 10,640

FINANCING ARRANGEMENTS (Tables)

FINANCING ARRANGEMENTS (Tables)	6 Months Ended
	Aug. 31, 2016
FINANCING ARRANGEMENTS AND CONTRACTUAL CASH OBLIGATIONS [Abstract]
Schedule of Balances Attributable to the Notes	August 31, February 29, 2016 2016 Principal $ 172,500 $ 172,500 Less: Unamortized debt discount (25,933 ) (29,002 ) Unamortized debt issuance costs (3,307 ) (3,698 ) Net carrying amount of the Notes $ 143,260 $ 139,800

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Aug. 31, 2016
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	Three Months Ended Six Months Ended August 31, August 31, 2016 2015 2016 2015 Basic weighted average number of common shares outstanding 36,390 36,135 36,425 36,049 Effect of stock options and restricted stock units computed on treasury stock method 459 581 - 642 Diluted weighted average number of common shares outstanding 36,849 36,716 36,425 36,691

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	6 Months Ended
	Aug. 31, 2016
Comprehensive Income
Schedule of Accumulated Other Comprehensive Loss	Cumulative Unrealized Foreign Gains/Losses on Marketable Currency Translation Securities Total Balances at February 29, 2016 $ (226 ) $ - $ (226 ) Other comprehensive loss, net of tax (624 ) (8 ) (632 ) Balances at August 31, 2016 $ (850 ) $ (8 ) $ (858 )

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Aug. 31, 2016
Equity [Abstract]
Schedule of Stock-based Compensation Expense	Three Months Ended Six Months Ended August 31, August 31, 2016 2015 2016 2015 Cost of revenues $ 68 $ 54 $ 132 $ 119 Research and development 356 198 537 362 Selling 403 295 698 495 General and administrative 794 842 2,238 1,633 $ 1,621 $ 1,389 $ 3,605 $ 2,609
Summary of Stock Option Activity	Weighted Number of Average Options Exercise Price Outstanding at February 29, 2016 860 $ 6.96 Granted 227 14.49 Exercised (73 ) 10.66 Forfeited or expired (4 ) (15.43 ) Outstanding at August 31, 2016 1,010 $ 8.35 Exercisable at August 31, 2016 679 $ 4.95
Summary of Restricted Stock Shares (RSU's), and Performance Stock Units (PSU's) Activity	Number of Restricted Weighted Shares, Average Grant PSUs and Date Fair RSUs Value Outstanding at February 29, 2016 953 $ 16.66 Granted 726 14.57 Vested (317 ) 14.65 Forfeited (68 ) 15.73 Outstanding at August 31, 2016 1,294 $ 16.03

PRODUCT WARRANTIES (Tables)

PRODUCT WARRANTIES (Tables)	6 Months Ended
	Aug. 31, 2016
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability	Six Months Ended August 31, 2016 2015 Balance at beginning of period $ 1,892 $ 1,819 Assumed from acquisition of LoJack 1,883 $ - Charged to costs and expenses 530 511 Deductions (1,075 ) (531 ) Balance at end of period $ 3,230 $ 1,799

OTHER FINANCIAL INFORMATION (Ta

OTHER FINANCIAL INFORMATION (Tables)	6 Months Ended
	Aug. 31, 2016
OTHER FINANCIAL INFORMATION [Abstract]
Schedule of Supplemental Balance Sheet Information	August 31, February 29, 2016 2016 Deferred compensation plan liability $ 5,265 $ 3,392 Deferred revenue 6,087 1,070 Deferred rent 458 559 Acquisition-related contingent consideration 583 530 Other 1,107 - $ 13,500 $ 5,551
Schedule of Investment income (loss)	Three Months Ended Six Months Ended August 31, August 31, 2016 2015 2016 2015 Investment income on cash equivalents and marketable securities $ 153 $ 154 $ 329 $ 150 Investment income (loss) on deferred compensation plan Rabbi Trust assets 188 (197 ) 465 (165 ) Dividend income 114 - 114 - Total investment income (loss) $ 455 $ (43 ) $ 908 $ (15 )
Schedule of Interest expense	Three Months Ended Six Months Ended August 31, August 31, 2016 2015 2016 2015 Interest expense on convertible senior unsecured notes: Stated interest at 1.625% per annum $ 701 $ 701 $ 1,402 $ 882 Amortization of note discount 1,562 1,353 3,069 1,736 Amortization of debt issue costs 199 173 391 221 2,462 2,227 4,862 2,839 Other interest expense 12 53 36 89 Total interest expense $ 2,474 $ 2,280 $ 4,898 $ 2,928
Schedule of Supplemental Cash Flow Information	Six Months Ended August 31, 2016 2015 Interest expense paid $ 1,447 $ 38 Income tax paid $ 979 $ 337
Schedule of Supplemental Non-Cash Investing and Financing Activities	Six Months Ended August 31, 2016 2015 Acquisition of Crashboxx in April 2015: Accrued liability for earn-out consideration $ - $ 455

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Aug. 31, 2016
Segment Reporting [Abstract]
Summary of Segment Information	Three Months Ended August 31, 2016 Three Months Ended August 31, 2015 Operating Segments Operating Segments Wireless Corporate Wireless Corporate DataCom Satellite Expenses Total DataCom Satellite Expenses Total Revenues $ 83,807 $ 6,672 $ 90,479 $ 61,819 $ 7,989 $ 69,808 Gross profit $ 36,209 $ 1,405 $ 37,614 $ 23,098 $ 2,205 $ 25,303 Gross margin 43.2 % 21.1 % 41.6 % 37.4 % 27.6 % 36.2 % Operating income $ 5,035 $ 139 $ (1,268 ) $ 3,906 $ 7,529 $ 1,557 $ (1,188 ) $ 7,898 Six Months Ended August 31, 2016 Six Months Ended August 31, 2015 Operating Segments Operating Segments Wireless Corporate Wireless Corporate DataCom Satellite Expenses Total DataCom Satellite Expenses Total Revenues $ 166,557 $ 15,069 $ 181,626 $ 119,645 $ 15,592 $ 135,237 Gross profit $ 68,719 $ 3,729 $ 72,448 $ 44,686 $ 4,143 $ 48,829 Gross margin 41.3 % 24.7 % 39.9 % 37.3 % 26.6 % 36.1 % Operating income $ 6,072 $ 1,547 $ (5,751 ) $ 1,868 $ 14,419 $ 2,777 $ (2,254 ) $ 14,942

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Aug. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Payments of Operating Lease Commitments	2017 (remainder) $ 3,621 2018 6,109 2019 4,656 2020 3,013 2021 1,559 Thereafter 3,712 Total $ 22,670

DESCRIPTION OF BUSINESS AND S36

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Feb. 29, 2016
Stockholders' equity	$ 181,195		$ 189,447
Aggregate foreign currency transaction exchange rate gains (losses)	405	$ (29)
Cumulative Foreign Currency Translation [Member]
Stockholders' equity	$ (850)		$ (226)

LOJACK ACQUISITION (Narrative)

LOJACK ACQUISITION (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015	Mar. 15, 2016	Feb. 29, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Inventory	$ 27,999		$ 27,999			$ 16,731
Property, equipment and improvements, net	21,599		21,599			$ 11,225
Cost of revenue	52,865	$ 44,505	109,178	$ 86,408
LoJack [Member]
Business Acquisition [Line Items]
Investment Owned, Balance, Shares							850,100
LoJack [Member]
Business Acquisition [Line Items]
Purchase price			131,735
Fair value of shares of stock purchased in the open market			5,500
Net receivables					$ 21,200
Gross receivables acquired					22,300
Amounts not expected to be collected					$ 1,100
Acquisition and integration-related costs	3,539	$ (3,195)	3,539	(3,195)
Revenues included in results of operations	31,900		59,800
LoJack [Member] | Fair Value Adjustment to Inventory [Member]
Business Acquisition [Line Items]
Inventory acquired	4,600		4,600
Inventory	300		300
Cost of revenue			4,318	$ (4,318)
LoJack [Member] | Fair Value Adjustment to Property, Equipment and Improvements [Member]
Business Acquisition [Line Items]
Property, equipment and improvements, net	2,600		$ 2,600
Cost of revenue	$ 400

LOJACK ACQUISITION (Summary of

LOJACK ACQUISITION (Summary of Purchase Price Allocation) (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Mar. 15, 2016	Feb. 29, 2016	Feb. 28, 2015
Business Acquisition [Line Items]
Net cash paid		$ 1,500
Fair value of net assets acquired:
Goodwill	63,180	$ 16,508		$ 16,508	$ 15,483
LoJack [Member]
Business Acquisition [Line Items]
Purchase price	131,735
Less Cash Acquired	(9,303)
Net cash paid	$ 122,432
Fair value of net assets acquired:
Current assets other than cash			$ 41,532
Property and equipment			12,259
Other non-current assets			4,208
Deferred tax liability			(2,700)
Current liabilities			(33,457)
Deferred revenue, non-current			(8,698)
Other non-current liabilities			(2,584)
Total fair value of net assets acquired			75,760
Goodwill			46,672
LoJack [Member] | Developed Technology Rights [Member]
Fair value of net assets acquired:
Finite-lived intangible assets			8,200
LoJack [Member] | Trade Names [Member]
Fair value of net assets acquired:
Finite-lived intangible assets			35,500
LoJack [Member] | Customer Lists [Member]
Fair value of net assets acquired:
Finite-lived intangible assets			4,650
LoJack [Member] | Dealer Relationships [Member]
Fair value of net assets acquired:
Finite-lived intangible assets			$ 16,850

LOJACK ACQUISITION (Schedules o

LOJACK ACQUISITION (Schedules of Pro Forma Information) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Mar. 14, 2016	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Sep. 30, 2015	Aug. 31, 2015
Business Acquisition [Line Items]
Basic weighted average number of common shares outstanding				36,425		36,049
Diluted weighted average number of common shares outstanding				36,931		36,691
Net income (loss)		$ 521	$ 3,499	$ (2,138)		$ 7,558
Revenues		90,479	69,808	181,626		135,237
Cost of revenue		52,865	44,505	109,178		86,408
Income tax benefit (provision)		(864)	(2,058)	255		(4,412)
LoJack [Member]
Business Acquisition [Line Items]
Revenues				186,881		200,539
Net income (loss)				$ 5,447		$ 2,120
Basic				$ .15		$ 0.06
Diluted				$ 0.15		$ 0.06
Net income (loss)	$ 973				$ 2,669
Revenues				$ 984		$ (984)
Amortization of intangible assets and depreciation of property, equipment and improvements acquired				(309)		(3,700)
Acquisition and integration expenses		$ 3,539	$ (3,195)	3,539		(3,195)
Net increase (decrease) in pretax income (loss)				9,505		(9,528)
Income tax benefit (provision)				(1,920)		4,090
LoJack [Member] | Change In Net Income [Member]
Business Acquisition [Line Items]
Change in net income (loss)				7,585		(5,438)
LoJack [Member] | Fair Value Adjustment to Inventory [Member]
Business Acquisition [Line Items]
Cost of revenue				$ 4,318		$ (4,318)

CASH, CASH EQUIVALENTS AND IN40

CASH, CASH EQUIVALENTS AND INVESTMENTS (Details) - USD ($) $ in Thousands		Aug. 31, 2016		Mar. 15, 2016	Feb. 29, 2016		Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost		$ 122,474			$ 235,925
Unrealized Gains (Losses)		54			1,017
Fair Value		122,528			236,942
LoJack [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment Owned, Balance, Shares							850,100
Business Acquisition, Percentage of Voting Interests Acquired				100.00%
Corporate Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost		22,302			82,300
Unrealized Gains (Losses)		(3)			(16)
Fair Value		22,299			82,284
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost		296	[1]		4,050	[2]
Unrealized Gains (Losses)		(10)	[1]		1,416	[2]
Fair Value		286	[1]		5,466	[2]
Commercial Paper [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost					8,032
Unrealized Gains (Losses)
Fair Value					8,032
Commercial Paper [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost		40
Unrealized Gains (Losses)
Fair Value		40
Cash [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost		31,665			6,890
Unrealized Gains (Losses)
Fair Value		31,665			6,890
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost	[3]	5,171			3,753
Unrealized Gains (Losses)	[3]	67			(383)
Fair Value	[3]	5,238			3,370
Repurchase Agreements [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost		63,000			130,900
Unrealized Gains (Losses)
Fair Value		63,000			130,900
Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		5,524			8,836
Other Assets [Member] | Corporate Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Other Assets [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		286	[1]		5,466	[2]
Other Assets [Member] | Commercial Paper [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Other Assets [Member] | Commercial Paper [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Other Assets [Member] | Cash [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Other Assets [Member] | Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[3]	5,238			3,370
Other Assets [Member] | Repurchase Agreements [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Short Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		22,299			88,718
Short Term Marketable Securities [Member] | Corporate Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		22,299			80,728
Short Term Marketable Securities [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			[1]			[2]
Short Term Marketable Securities [Member] | Commercial Paper [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value					7,990
Short Term Marketable Securities [Member] | Commercial Paper [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Short Term Marketable Securities [Member] | Cash [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Short Term Marketable Securities [Member] | Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[3]
Short Term Marketable Securities [Member] | Repurchase Agreements [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		94,705			139,388
Cash and Cash Equivalents [Member] | Corporate Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value					1,556
Cash and Cash Equivalents [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			[1]			[2]
Cash and Cash Equivalents [Member] | Commercial Paper [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value					42
Cash and Cash Equivalents [Member] | Commercial Paper [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		40
Cash and Cash Equivalents [Member] | Cash [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		31,665			6,890
Cash and Cash Equivalents [Member] | Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[3]
Cash and Cash Equivalents [Member] | Repurchase Agreements [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 63,000			$ 130,900
[1]	The equity investment in LoJack's French licensee, in the form of a publicly-traded common stock, is accounted for as an available-for-sale security and is valued at the quoted closing price on its market exchange. The related unrealized gains or losses are included in accumulated other comprehensive income (loss) in the stockholders' equity section of the consolidated balance sheet.
[2]	The Company purchased 850,100 shares of LoJack common stock in the open market in November and December 2015, prior to entering into a definitive agreement to acquire 100% of LoJack's common stock. These shares were considered trading securities and were recorded at fair value as of February 29, 2016.
[3]	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. The deferred compensation plan liability is included in Other Non-current Liabilities in the accompanying consolidated balance sheets.

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Aug. 31, 2016	Feb. 29, 2016
Inventory Disclosure [Abstract]
Raw materials	$ 16,202	$ 14,145
Work in process	432	180
Finished goods	11,365	2,406
Inventories	$ 27,999	$ 16,731

GOODWILL AND OTHER INTANGIBLE42

GOODWILL AND OTHER INTANGIBLE ASSETS (Schedule of Goodwill) (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
Goodwill [Line Items]
Balance at beginning of period	$ 16,508	$ 15,483
Acquisitions	46,672	1,025
Balance at end of period	63,180	16,508
LoJack [Member]
Goodwill [Line Items]
Acquisitions	46,672
Crashboxx [Member]
Goodwill [Line Items]
Acquisitions		$ 1,025

GOODWILL AND OTHER INTANGIBLE43

GOODWILL AND OTHER INTANGIBLE ASSETS (Schedule of Other Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015	Feb. 29, 2016
Finite-Lived Intangible Assets [Line Items]
Beginning balance			$ 37,186
Additions			65,252
Ending balance	$ 102,438		102,438
Beginning balance			20,176
Expense	3,856	$ 1,655	7,346	$ 3,299
Ending balance	27,522		27,522
Net	74,916		$ 74,916		$ 17,010
Supply Contract [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period			5 years
Beginning balance			$ 2,220
Additions
Ending balance	2,220		2,220
Beginning balance			1,679
Expense			216
Ending balance	1,895		1,895
Net	325		325		541
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance			14,080
Additions			8,200
Ending balance	22,280		22,280
Beginning balance			6,427
Expense			1,913
Ending balance	8,340		8,340
Net	13,940		$ 13,940		7,653
Developed Technology Rights [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period			2 years
Developed Technology Rights [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period			7 years
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance			$ 2,143
Additions			35,500
Ending balance	37,643		37,643
Beginning balance			1,522
Expense			1,778
Ending balance	3,300		3,300
Net	34,343		$ 34,343		621
Trade Names [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period			7 years
Trade Names [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period			10 years
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance			$ 18,300
Additions			4,650
Ending balance	22,950		22,950
Beginning balance			10,358
Expense			2,305
Ending balance	12,663		12,663
Net	10,287		$ 10,287		7,942
Customer Lists [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period			4 years
Customer Lists [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period			7 years
Dealer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period			7 years
Beginning balance
Additions			16,850
Ending balance	16,850		16,850
Beginning balance
Expense			1,104
Ending balance	1,104		1,104
Net	15,746		$ 15,746
Covenants Not to Compete [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period			5 years
Beginning balance			$ 170
Additions
Ending balance	170		170
Beginning balance			128
Expense			18
Ending balance	146		146
Net	24		$ 24		42
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period			5 years
Beginning balance			$ 273
Additions			52
Ending balance	325		325
Beginning balance			62
Expense			12
Ending balance	74		74
Net	$ 251		$ 251		$ 211

GOODWILL AND OTHER INTANGIBLE44

GOODWILL AND OTHER INTANGIBLE ASSETS (Schedule of Future Amortization Expense) (Details) - USD ($) $ in Thousands	Aug. 31, 2016	Feb. 29, 2016
Fiscal Year
2017 (remainder)	$ 7,730
2,018	15,005
2,019	11,660
2,020	9,652
2,021	7,830
Thereafter	23,039
Net	$ 74,916	$ 17,010

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015	Feb. 29, 2016
Schedule of Equity Method Investments [Line Items]
Deferred compensation plan assets	$ 5,238,000		$ 5,238,000		$ 3,370,000
Investment in international licensees	2,327,000		2,327,000
Equity investment in and loans to UK affiliate	1,124,000		1,124,000		1,167,000
Other	2,088,000		2,088,000		637,000
Investment in LoJack common stock					5,466,000
Total	10,777,000		10,777,000		10,640,000
Deferred compensation plan liabilities	5,265,000		5,265,000		$ 3,392,000
Equity in net loss of affiliate	(372,000)		(684,000)
Advances to unconsolidated subsidiary			737,000
Smart Driver Club Limited [Member]
Schedule of Equity Method Investments [Line Items]
Equity investment in and loans to UK affiliate	$ 1,124,000		1,124,000
Equity in net loss of affiliate			$ (684,000)
Ownership percentage of equity-method investments	49.00%		49.00%
Advances to unconsolidated subsidiary			$ 737,000
Interest rate on advance			8.00%
LoJack Mexican Licensee [Member]
Schedule of Equity Method Investments [Line Items]
Investment in international licensees	$ 1,541,000		$ 1,541,000
Ownership percentage of cost-method investments	12.50%		12.50%
LoJack Benelux Licensee [Member]
Schedule of Equity Method Investments [Line Items]
Investment in international licensees	$ 500,000		$ 500,000
Ownership percentage of cost-method investments	17.50%		17.50%
LoJack French Licensee [Member]
Schedule of Equity Method Investments [Line Items]
Investment in international licensees	$ 286,000		$ 286,000
Ownership percentage of cost-method investments	5.50%		5.50%

FINANCING ARRANGEMENTS (Bank Cr

FINANCING ARRANGEMENTS (Bank Credit Facility) (Details) - Line of Credit [Member] $ in Millions	6 Months Ended
	Aug. 31, 2016USD ($)
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) $ / shares in Units, $ in Thousands, shares in Millions	6 Months Ended
	Aug. 31, 2016USD ($)$ / sharesshares	Aug. 31, 2015USD ($)	Feb. 29, 2016USD ($)	May 31, 2015USD ($)
Debt Instrument [Line Items]
Issuance costs attributable to the liability component		$ 5,291
Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 172,500		$ 172,500
Interest rate (as a percent)	1.625%
Maturity date	May 15, 2020
Conversion rate of shares of common stock	36.2398
Conversion price (in dollars per share) | $ / shares	$ 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 | shares	2.5
Debt discount to be amortized	$ 25,933		$ 29,002	$ 33,600
Effective interest rate	6.20%
Fair value of the Notes	$ 161,000			$ 138,900

FINANCING ARRANGEMENTS (Schedul

FINANCING ARRANGEMENTS (Schedule of Balances Attributable to Notes) (Details) - USD ($) $ in Thousands	Aug. 31, 2016	Feb. 29, 2016	May 31, 2015
Liability component:
1.625% convertible senior unsecured notes	$ 143,260	$ 139,800
Convertible Senior Notes [Member]
Liability component:
Term loan amount	172,500	172,500
Less: Unamortized debt discount	(25,933)	(29,002)	$ (33,600)
Unamortized debt issuance costs	(3,307)	(3,698)
1.625% convertible senior unsecured notes	$ 143,260	$ 139,800

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Earnings Per Share [Abstract]
Basic weighted average number of common shares outstanding	36,390	36,135	36,425	36,049
Effect of stock options and restricted stock units computed on treasury stock method	459	581		642
Diluted weighted average number of common shares outstanding	36,849	36,716	36,425	36,691
Shares subject to anti-dilutive stock options and restricted stock-based awards excluded from calculation	450	238		238
Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Conversion price (in dollars per share)	$ 27.594		$ 27.594

COMPREHENSIVE INCOME (Details)

COMPREHENSIVE INCOME (Details) $ in Thousands	6 Months Ended
	Aug. 31, 2016USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances at February 29, 2016	$ 189,447
Balances at August 31, 2016	181,195
Cumulative Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances at February 29, 2016	(226)
Other comprehensive loss, net of tax	(624)
Balances at August 31, 2016	(850)
Unrealized Gains/Losses on Marketable Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances at February 29, 2016
Other comprehensive loss, net of tax	(8)
Balances at August 31, 2016	(8)
Total [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances at February 29, 2016	(226)
Other comprehensive loss, net of tax	(632)
Balances at August 31, 2016	$ (858)

STOCKHOLDERS' EQUITY (Narrative

STOCKHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized amount	$ 25,000
Number of shares repurchased	600,000
Average cost per share	$ 14.57
Repurchases of common stock	$ 8,451
Remaining authorized amount	$ 16,500
Vested restricted stock and RSUs retained to cover the the minimum required statutory amount of withholding taxes (Shares)	97,267
Unrecognized share-based compensation cost	$ 21,000
Unrecognized compensation cost, recognition period	3 years 1 month 6 days

STOCKHOLDERS_ EQUITY (Schedule

STOCKHOLDERS’ EQUITY (Schedule of Stock-based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 1,621	$ 1,389	$ 3,605	$ 2,609
Cost of Revenues [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	68	54	132	119
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	356	198	537	362
Selling [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	403	295	698	495
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 794	$ 842	$ 2,238	$ 1,633

STOCKHOLDERS' EQUITY (Summary o

STOCKHOLDERS' EQUITY (Summary of Stock Option Activity) (Details) shares in Thousands	6 Months Ended
	Aug. 31, 2016$ / sharesshares
Number of Options
Outstanding, beginning balance | shares	860
Granted | shares	227
Exercised | shares	(73)
Forfeited or expired | shares	(4)
Outstanding, ending balance | shares	1,010
Exercisable | shares	679
Weighted Average Exercise Price
Outstanding, beginning balance | $ / shares	$ 6.96
Granted | $ / shares	14.49
Exercised | $ / shares	10.66
Forfeited or expired | $ / shares	(15.43)
Outstanding, ending balance | $ / shares	8.35
Exercisable | $ / shares	$ 4.95

STOCKHOLDERS' EQUITY (Summary54

STOCKHOLDERS' EQUITY (Summary of Restricted Stock Shares and RSUs Activity) (Details) shares in Thousands	6 Months Ended
	Aug. 31, 2016$ / sharesshares
Number of Restricted Shares, PSUs and RSUs
Outstanding, beginning balance | shares	953
Granted | shares	726
Vested | shares	(317)
Forfeited | shares	(68)
Outstanding, ending balance | shares	1,294
Weighted Average Grant Date Fair Value
Outstanding, beginning balance | $ / shares	$ 16.66
Granted | $ / shares	14.57
Vested | $ / shares	14.65
Forfeited | $ / shares	15.73
Outstanding, ending balance | $ / shares	$ 16.03

CONCENTRATION OF RISK (Details)

CONCENTRATION OF RISK (Details)	6 Months Ended		12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Feb. 29, 2016
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Major Customer One [Member]
Concentration Risk [Line Items]
Concentration percentage	9.00%		15.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Major Customer Two [Member]
Concentration Risk [Line Items]
Concentration percentage	6.00%		10.00%
Inventories [Member] | Supplier Concentration Risk [Member] | Supplier One [Member]
Concentration Risk [Line Items]
Concentration percentage	41.00%	56.00%
Inventories [Member] | Supplier Concentration Risk [Member] | Supplier Two [Member]
Concentration Risk [Line Items]
Concentration percentage	11.00%	16.00%
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Supplier One [Member]
Concentration Risk [Line Items]
Concentration percentage	42.00%
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Supplier Two [Member]
Concentration Risk [Line Items]
Concentration percentage	17.00%

PRODUCT WARRANTIES (Details)

PRODUCT WARRANTIES (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
Warranty Reserves [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period	$ 1,892	$ 1,819
Assumed from acquisition of LoJack	1,883
Charged to costs and expenses	530	511
Deductions	(1,075)	(531)
Balance at end of period	3,230	$ 1,799
LoJack Quality Assurance Program [Member] | Warranty Reserves [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at end of period	$ 1,100
Minimum [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Warranty Term	12 months
Maximum [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Warranty Term	24 months

OTHER FINANCIAL INFORMATION (Sc

OTHER FINANCIAL INFORMATION (Schedule of Other Non-Current Liabilities) (Details) - USD ($) $ in Thousands	Aug. 31, 2016	Feb. 29, 2016
OTHER FINANCIAL INFORMATION [Abstract]
Deferred compensation plan liability	$ 5,265	$ 3,392
Deferred revenue	6,087	1,070
Deferred rent	458	559
Acquisition-related contingent consideration	583	530
Other	1,107
Total other non-current liabilities	$ 13,500	$ 5,551

OTHER FINANCIAL INFORMATION (58

OTHER FINANCIAL INFORMATION (Schedule of Investment Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
OTHER FINANCIAL INFORMATION [Abstract]
Investment income on cash equivalents and marketable securities	$ 153	$ 154	$ 329	$ (165)
Investment income (loss) on deferred compensation plan Rabbi Trust assets	188	(197)	465	150
Dividend income	114		114
Total investment income (loss)	$ 455	$ (43)	$ 908	$ (15)

OTHER FINANCIAL INFORMATION (59

OTHER FINANCIAL INFORMATION (Schedule of Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Interest expense on convertible senior unsecured notes:
Stated interest at 1.625% per annum	$ 701	$ 701	$ 1,402	$ 882
Amortization of note discount	1,562	1,353	3,069	1,736
Amortization of debt issue costs	199	173	391	221
Interest expense on convertible notes	2,462	2,227	4,862	2,839
Other interest expense	12	53	36	89
Total interest expense	$ 2,474	$ 2,280	$ 4,898	$ 2,928
Convertible Senior Notes [Member]
Condensed Income Statements, Captions [Line Items]
Interest rate (as a percent)	1.625%		1.625%

OTHER FINANCIAL INFORMATION (60

OTHER FINANCIAL INFORMATION (Schedule of Cash Payments for Interest and Income Taxes) (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
OTHER FINANCIAL INFORMATION [Abstract]
Interest expense paid	$ 1,447	$ 38
Income tax paid	$ 979	$ 337

OTHER FINANCIAL INFORMATION (61

OTHER FINANCIAL INFORMATION (Schedule of Non-cash Investing and Financing Activities) (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
Acquisition of Crashboxx in April 2015:
Accrued liability for earn-out consideration		$ 455

SEGMENT INFORMATION (Schedule o

SEGMENT INFORMATION (Schedule of Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015	Feb. 29, 2016
Segment Reporting Information [Line Items]
Revenues	$ 90,479	$ 69,808	$ 181,626	$ 135,237
Gross profit	$ 37,614	$ 25,303	$ 72,448	$ 48,829
Gross margin	41.60%	36.20%	39.90%	36.10%
Operating income	$ 3,906	$ 7,898	$ 1,868	$ 14,942
Operating Segments [Member] | Wireless Datacom [Member]
Segment Reporting Information [Line Items]
Revenues	83,807	61,819	166,557	119,645
Gross profit	$ 36,209	$ 23,098	$ 68,719	$ 44,686
Gross margin	43.20%	37.40%	41.30%	37.30%
Operating income	$ 5,035	$ 7,529	$ 6,072	$ 15,215
Operating Segments [Member] | Satellite [Member]
Segment Reporting Information [Line Items]
Revenues	6,672	7,989	15,069	15,592
Gross profit	$ 1,405	$ 2,205	$ 3,729	$ 4,143
Gross margin	21.10%	27.60%	24.70%	26.60%
Operating income	$ 139	$ 1,557	$ 1,547	$ 2,777
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating income	$ (1,268)	$ (1,188)	$ (5,751)	$ (2,254)	$ (6,480)

SEGMENT INFORMATION (Narrative)

SEGMENT INFORMATION (Narrative) (Details) - Satellite [Member]	6 Months Ended	12 Months Ended
	Aug. 31, 2016	Feb. 29, 2016
Sales Revenue, Segment [Member] | Product Concentration Risk [Member]
Segment Reporting Information [Line Items]
Concentration percentage	8.00%	14.00%
Sales Revenue, Segment [Member] | Operating Income Concentration Risk [Member]
Segment Reporting Information [Line Items]
Concentration percentage	20.00%	23.00%
Assets, Total [Member]
Segment Reporting Information [Line Items]
Concentration percentage		2.00%
Liabilities, Total [Member]
Segment Reporting Information [Line Items]
Concentration percentage		2.00%

COMMITMENTS AND CONTINGENCIES64

COMMITMENTS AND CONTINGENCIES (Lease Commitments) (Details) $ in Thousands	Aug. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
2017 (remainder)	$ 3,621
2,018	6,109
2,019	4,656
2,020	3,013
2,021	1,559
Thereafter	3,712
Total	$ 22,670

COMMITMENTS AND CONTINGENCIES65

COMMITMENTS AND CONTINGENCIES (Legal Proceedings) (Details) - USD ($)	3 Months Ended	6 Months Ended
	Feb. 29, 2016	Aug. 31, 2016
Loss Contingencies [Line Items]
Amount of damages sought		$ 10,000,000
Amount of payment		5,000,000
Damages awarded	$ 2,900,000	1,900,000
Maximum potential amount of future payments		4,200,000
Accrual under guarantee		$ 73,000