CalAmp (CAMP) 10-Q 21 Dec 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Nov. 30, 2017	Dec. 18, 2017
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	Nov. 30, 2017
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		35,624,615

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Nov. 30, 2017	Feb. 28, 2017
Current assets:
Cash and cash equivalents	$ 138,095	$ 93,706
Short-term marketable securities	13,144	6,722
Accounts receivable, net	70,190	67,403
Inventories	39,115	29,279
Prepaid expenses and other current assets	11,433	9,595
Total current assets	271,977	206,705
Property, equipment and improvements, net	21,217	21,162
Deferred income tax assets	35,923	27,504
Goodwill	72,980	72,980
Other intangible assets, net	56,098	67,223
Other assets	17,203	12,565
Total assets	475,398	408,139
Current liabilities:
Accounts payable	42,399	30,266
Accrued payroll and employee benefits	8,831	7,955
Deferred revenue	15,843	14,662
Other current liabilities	31,398	24,958
Total current liabilities	98,471	77,841
1.625% convertible senior unsecured notes	152,378	146,827
Other non-current liabilities	23,471	20,229
Total liabilities	274,320	244,897
Commitments and contingencies (see Note 15)
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; 35,619 and 35,330 shares issued and outstanding at November 30, 2017 and February 28, 2017, respectively	356	353
Additional paid-in capital	215,541	211,187
Accumulated deficit	(14,692)	(47,757)
Accumulated other comprehensive loss	(127)	(541)
Total stockholders' equity	201,078	163,242
Total Liabilities and Stockholders' Equity	$ 475,398	$ 408,139

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares shares in Thousands	Nov. 30, 2017	Feb. 28, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	3,000	3,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	80,000	80,000
Common stock, shares issued	35,619	35,330
Common stock, shares outstanding	35,619	35,330

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2017	Nov. 30, 2016
Revenues:
Products	$ 77,528	$ 67,580	$ 223,165	$ 219,985
Application subscriptions and other services	16,141	15,770	48,352	44,991
Total revenues	93,669	83,350	271,517	264,976
Cost of revenues:
Products	47,075	40,764	134,141	135,139
Application subscriptions and other services	8,407	7,469	24,908	22,272
Total cost of revenues	55,482	48,233	159,049	157,411
Gross profit	38,187	35,117	112,468	107,565
Operating expenses:
Research and development	6,296	5,297	18,853	17,273
Selling and marketing	12,981	12,818	38,167	36,809
General and administrative	10,993	11,352	38,159	38,619
Intangible asset amortization	3,710	3,857	11,278	11,203
Total operating expenses	33,980	33,324	106,457	103,904
Operating income	4,207	1,793	6,011	3,661
Non-operating income (expense):
Investment income	619	201	1,348	1,109
Interest expense	(2,573)	(2,479)	(7,658)	(7,377)
Gain on legal settlement (see Note 15)	13,301		28,333
Other income (expense)	12	(587)	442	(174)
Total non-operating income (expense)	11,359	(2,865)	22,465	(6,442)
Income (loss) before income taxes and equity in net loss of affiliate	15,566	(1,072)	28,476	(2,781)
Income tax benefit (provision)	(3,351)	(135)	(5,970)	120
Income (loss) before equity in net loss of affiliate	12,215	(1,207)	22,506	(2,661)
Equity in net loss of affiliate	(409)	(320)	(1,122)	(1,004)
Net income (loss)	$ 11,806	$ (1,527)	$ 21,384	$ (3,665)
Earnings (loss) per share:
Basic	$ 0.33	$ (0.04)	$ 0.61	$ (0.10)
Diluted	$ 0.33	$ (0.04)	$ 0.59	$ (0.10)
Shares used in computing earnings (loss) per share:
Basic	35,347	35,731	35,206	36,196
Diluted	36,247	35,731	36,064	36,196
Comprehensive income (loss):
Net income (loss)	$ 11,806	$ (1,527)	$ 21,384	$ (3,665)
Other comprehensive loss:
Foreign currency translation adjustments	123	444	(56)	(180)
Unrealized gain (loss) on available-for-sale securities, net of tax	419	(70)	470	(78)
Total comprehensive income (loss)	$ 12,348	$ (1,153)	$ 21,798	$ (3,923)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 21,384	$ (3,665)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation expense	5,953	6,034
Intangible assets amortization expense	11,278	11,203
Stock-based compensation expense	6,664	5,669
Tax benefits on vested and exercised equity awards	328
Amortization of convertible debt issue costs and discount	5,551	5,221
Unrealized foreign currency transaction gains	(404)
Deferred tax assets, net	2,873	(511)
Equity in net loss of affiliate	1,122	1,004
Impairment of internal use software		1,364
Other	59	(12)
Changes in operating assets and liabilities:
Accounts receivable	(5,120)	3,496
Inventories	(9,449)	(1,785)
Prepaid expenses and other assets	(3,977)	1,904
Accounts payable	12,035	(1,245)
Accrued liabilities	8,783	(9,742)
Deferred revenue	1,651	860
NET CASH PROVIDED BY OPERATING ACTIVITIES	58,731	19,795
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities of marketable securities	11,273	88,742
Purchases of marketable securities	(17,209)	(25,699)
Capital expenditures	(5,970)	(5,818)
Acquisition of LoJack, net of cash acquired		(116,982)
Advances to affiliate	(1,312)	(1,401)
Other	(152)	(51)
NET CASH USED IN INVESTING ACTIVITIES	(13,370)	(61,209)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchases of common stock		(21,923)
Taxes paid related to net share settlement of vested equity awards	(2,452)	(1,614)
Proceeds from exercise of stock options	145	834
NET CASH USED IN FINANCING ACTIVITIES	(2,307)	(22,703)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	1,335	(124)
Net change in cash and cash equivalents	44,389	(64,241)
Cash and cash equivalents at beginning of period	93,706	139,388
Cash and cash equivalents at end of period	$ 138,095	$ 75,147

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Nov. 30, 2017
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. (referred to herein as “CalAmp”, “the Company”, “we”, “our”, or “us”) is a telematics pioneer leading transformation in a global connected economy. We help reinvent businesses and improve lives around the globe with technology solutions that streamline complex Internet of Things (“IoT”) deployments and bring intelligence to the edge. Our software applications, scalable cloud services, and intelligent devices collect and assess critical data from mobile and fixed assets for enterprises and consumers. CalAmp is a global organization that is headquartered in Irvine, California. In March 2016, we acquired LoJack Corporation (“LoJack”), which provides us with a vast U.S. auto dealer channel as well as an established international licensee network. Historically, our business activities were organized into two reportable segments – Wireless DataCom and Satellite. Effective August 31, 2016, we ceased operations of the Satellite business and through the first quarter of fiscal 2018 operated under one reportable segment: Wireless DataCom. In the quarter ended August 31, 2017, in order to streamline our operations and product line development resources, we realigned our operations and we now operate under two reportable segments: Telematics Systems and Software & Subscription Services. Certain notes and other information included in the audited financial statements in our Annual Report on Form 10-K for the year ended February 28, 2017 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 our 2017 Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on May 15, 2017. In the opinion of our management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary to present fairly our financial position at November 30, 2017 and our results of operations for the three and nine months ended November 30, 2017 and 2016. The results of operations for such periods are not necessarily indicative of results to be expected for the full fiscal year. All intercompany transactions and accounts have been eliminated in consolidation. Revenue Recognition We recognize 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. For product sales that are not bundled with an application service or for which we have no continuing service obligations, the revenue recognition criteria are generally met at the time product is shipped or installed by the end customer. For product shipments made on the basis of “FOB Destination” terms, revenue is recorded when the shipment reaches the customer. Customers generally do not have a right of return except for defective products returned during the warranty period. We record estimated commitments related to customer incentive programs as reductions of revenues. In addition to product sales, we provide Software-as-a-Service (“SaaS”) and Platform-as-a-Service (“PaaS”) subscriptions for our fleet management, vehicle finance and certain other verticals 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 us. We also enter into arrangements which combine various hardware devices as well as installation and notification services that are provided over a stipulated service period. These arrangements represent multiple element arrangements under ASC 605 Subtopic 25 entitled Revenue Recognition: Multiple-Element Arrangements (“ASC 605”). Generally, we defer the recognition of revenue for the products that are sold with application subscriptions and other services because the products are not functional without the application services, and they do not represent a separate basis of accounting under the applicable accounting guidance. 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, respectively, on a straight-line basis over minimum contractual subscription or service periods of one to five years. Revenues from renewals of data communication services after the initial contract term are recognized as application subscriptions revenue over the period 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. Revenue from the sales of products to international licensees is recognized when shipment of the products to the licensee has occurred and collection is reasonably assured. We offer extended warranty contracts in the United States related to certain products for which an independent third-party insurer is the primary obligor. Although we are not the primary obligor, we have reviewed the criteria in ASC 605, and have determined that gross revenue recognition is appropriate in these transactions. Accordingly, we recognize gross revenue at the time of the sale of the extended warranty with related costs being included in cost of goods sold. Cash and Cash Equivalents We consider all highly liquid investments with remaining maturities at date of purchase of three months or less to be cash equivalents. Accounts Receivable Accounts receivable consists of trade receivables and other receivables offset by an allowance for doubtful accounts. We reserve for the estimated accounts receivable that will not be collected based on an analysis of historical bad debts, customer concentrations, customer creditworthiness, current economic trends and changes in the customers’ payment terms and their economic condition. Collection of accounts receivable can be affected by changes in economic or other industry conditions and may impact our overall credit risk. The allowance for doubtful accounts totaled $1.2 million and $1.0 million as of November 30, 2017 and February 28, 2017, respectively. Fair Value Measurements We apply 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. We define 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 arm’s-length transaction between market participants at the measurement date. Fair value is estimated by using the following hierarchy: 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. We have elected the fair value option for our investments in marketable securities on a contract-by-contract basis at the time each contract is initially recognized in the financial statements or upon an event that gives rise to a new basis of accounting for the items. Recently 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 was 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. We adopted this standard effective March 1, 2017 and recorded a cumulative adjustment of $11.7 million for the excess tax benefit from the exercise of stock options and vesting of restricted stock awards and restricted stock units that occurred in prior fiscal years as an increase in deferred income tax assets and a reduction of the accumulated deficit. For the nine months ended November 30, 2017, we recorded $0.3 million of excess tax benefits on vested and exercised equity awards. The excess tax benefits recognized on stock-based compensation expense are classified as an operating activity in our consolidated statements of cash flows. Upon adoption of ASU 2016-09, we also elected to account for forfeitures as they occur, rather than estimating expected forfeitures over the course of a vesting period. In May 2017, the FASB issued Accounting Standards Update 2017-09, Compensation – Stock Compensation: Scope of Modification Accounting (“ASU 2017-09”). The amendments in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in ASC 718 Compensation – Stock Compensation . The adoption of ASU 2017-09, which will become effective for annual periods beginning after December 15, 2017, is not expected to have a material impact on our consolidated financial statements. In January 2017, the FASB issued Accounting Standards Update 2017-04, Simplifying the Test for Goodwill Impairment . The new guidance eliminates Step 2 from the goodwill impairment test and instead requires that an entity measure the impairment of goodwill assigned to a reporting unit if the carrying value of assets and liabilities assigned to the reporting unit, including goodwill, exceed the reporting unit's fair value. The new guidance must be adopted for annual and interim goodwill tests in fiscal years beginning after December 15, 2019. After the adoption of this standard, which will be applied prospectively, we will follow a one-step model for goodwill impairment. We do not anticipate this pronouncement will have a significant impact on our consolidated financial statements upon adoption. 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 an 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 capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements at the time of adoption, with certain practical expedients available. Early adoption is permitted. We have not completed the assessment of the impact on our consolidated financial statements, but we do expect to record an ROU asset and lease liability upon adoption. 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 a 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. We are currently evaluating the impact of this standard on our consolidated financial statements. In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers . The new revenue recognition standard (“ASC 606”) provides a five-step analytical framework for 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. The new standard is effective for annual reporting periods beginning after December 15, 2017; therefore, we are required to adopt this standard effective March 1, 2018. The two permitted transition methods under the new standard are the full retrospective method or the modified retrospective method. We are still in the process of evaluating which transition method to adopt. to

CASH, CASH EQUIVALENTS AND INVE

CASH, CASH EQUIVALENTS AND INVESTMENTS	9 Months Ended
	Nov. 30, 2017
Cash and Cash Equivalents [Abstract]
CASH, CASH EQUIVALENTS AND INVESTMENTS	NOTE 2 – CASH, CASH EQUIVALENTS AND INVESTMENTS The following tables summarize our financial instrument assets (in thousands): As of November 30, 2017 Balance Sheet Classification of Fair Value Unrealized Cash and Short-Term Adjusted Gains Fair Cash Marketable Other Cost (Losses) Value Equivalents Securities Assets Cash $ 46,528 $ - $ 46,528 $ 46,528 $ - $ - Level 1: Money market funds 1,985 - 1,985 1,985 - - Mutual funds (1) 5,709 121 5,830 - - 5,830 International equities 2,982 509 3,491 3,171 320 Level 2: Repurchase agreements 62,100 - 62,100 62,100 - - Corporate bonds 37,465 (10 ) 37,455 27,482 9,973 - Total $ 156,769 $ 620 $ 157,389 $ 138,095 $ 13,144 $ 6,150 As of February 28, 2017 Balance Sheet Classification of Fair Value Unrealized Cash and Short-Term Adjusted Gains Fair Cash Marketable Other Cost (Losses) Value Equivalents Securities Assets Cash $ 39,322 $ - $ 39,322 $ 39,322 $ - $ - Level 1: Money market funds 3,406 - 3,406 3,406 - - Mutual funds (1) 5,429 372 5,801 - - 5,801 International equities 296 (54 ) 242 - - 242 Level 2: Repurchase agreements 24,000 - 24,000 24,000 - - Corporate bonds 33,708 (8 ) 33,700 26,978 6,722 - Total $ 106,161 $ 310 $ 106,471 $ 93,706 $ 6,722 $ 6,043 (1) Amounts represent various equity, bond and money market mutual funds that are held in a “Rabbi Trust” and are restricted for payment obligations to non-qualified deferred compensation plan participants.

INVENTORIES

INVENTORIES	9 Months Ended
	Nov. 30, 2017
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 3 - INVENTORIES Inventories consist of the following (in thousands): November 30, February 28, 2017 2017 Raw materials $ 20,087 $ 15,822 Work in process 536 294 Finished goods 18,492 13,163 $ 39,115 $ 29,279

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS	9 Months Ended
	Nov. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
OTHER INTANGIBLE ASSETS	NOTE 4 – OTHER INTANGIBLE ASSETS Other intangible assets consist of the following (in thousands): Gross Accumulated Amortization Net Useful Feb. 28, Nov. 30 Feb. 28, Nov. 30 Nov. 30 Feb. 28, Life 2017 Additions 2017 2017 Expense 2017 2017 2017 Supply contract 5 years $ 2,220 $ - $ 2,220 $ 2,112 $ 108 $ 2,220 $ - $ 108 Developed technology 2-7 years 22,280 - 22,280 10,323 2,972 13,295 8,985 11,957 Tradenames 7-10 years 37,643 84 37,727 5,226 2,889 8,115 29,612 32,417 Customer lists 4-7 years 22,950 - 22,950 15,018 3,462 18,480 4,470 7,932 Dealer relationships 7 years 16,850 - 16,850 2,308 1,809 4,117 12,733 14,542 Covenants not to compete 5 years 170 - 170 162 8 170 - 8 Patents 5 years 347 69 416 88 30 118 298 259 $ 102,460 $ 153 $ 102,613 $ 35,237 $ 11,278 $ 46,515 $ 56,098 $ 67,223 Estimated future amortization expense as of November 30, 2017 is as follows (in thousands): 2018 (remainder) $ 3,721 2019 11,690 2020 9,683 2021 7,860 2022 6,222 Thereafter 16,922 $ 56,098

OTHER ASSETS

OTHER ASSETS	9 Months Ended
	Nov. 30, 2017
Other Assets, Noncurrent Disclosure [Abstract]
OTHER ASSETS	NOTE 5 – OTHER ASSETS Other assets consist of the following (in thousands): November 30, February 28, 2017 2017 Deferred compensation plan assets $ 5,830 $ 5,801 Investment in international licensees 2,360 2,282 Equity investment in and loan to ThinxNet GmbH 2,674 - Loans to UK affiliate 2,982 2,402 Other 3,357 2,080 $ 17,203 $ 12,565 Our investment in international licensees at November 30, 2017 consists principally of a 12.5% equity interest in a Mexican licensee of $1.7 million as well as other smaller interests in Benelux and French licensees. The investment in these licensees are accounted for using the cost method of accounting and carried at cost as we do not exercise significant influence over these investees. The dividend income from our equity investment in our Mexican licensee amounted $0.2 million for both the three and nine months ended November 2017. No dividend was declared in prior fiscal year. In September 2015, we invested £1,400,000 for a 49% minority ownership interest in Smart Driver Club Limited (“Smart Driver Club”), a technology and insurance startup company located in the United Kingdom. This investment is accounted for under the equity method since we have significant influence over the investee. To date we have made loans aggregating £3,000,000, of which £1,000,000 was made in the current fiscal year, to Smart Driver Club bearing interest at an annual interest rate of 8%, with all principal and all unpaid interest due in 2021. The foreign currency translation adjustment for this equity investment and loans amounted to $0.3 million as of November 30, 2017 and is included as a component of Accumulated Other Comprehensive Loss in the consolidated balance sheet as of that date. Our equity in the net loss of Smart Driver Club amounted to $1.1 million and $1.0 million in the nine months ended November 30, 2017 and 2016, respectively. To date, our equity in the net loss of Smart Driver Club amounted $3.2 million. Effective August 24, 2017, we acquired an ownership interest valued at $1.4 million in ThinxNet GmbH, a company headquartered in Munich, Germany (“ThinxNet”). ThinxNet is an early stage company focused on commercializing cloud-based mobile device and applications in the automotive sector throughout Europe. This represents a cost basis investment as we cannot exercise significant influence over the investee. Contemporaneously, we executed an unsecured convertible note receivable for $1.27 million with an interest rate of 6% which has a fixed term of 12 months, after which the loan can be converted to equity in ThinxNet or a loan payable on demand at our option. The equity investment and note receivable were consideration we received in exchange for our outstanding accounts receivable from ThinxNet. No gain or loss was recorded on this exchange. The assets received in this exchange are included in Other Assets in the consolidated balance sheet as of November 30, 2017. Our cost method and equity method investments are included in other assets on our condensed consolidated balance sheet and adjusted only for other-than-temporary declines in fair value. We have concluded that there are no indicators of impairment to the fair value of these investments for all periods presented.

CONVERTIBLE SENIOR UNSECURED NO

CONVERTIBLE SENIOR UNSECURED NOTES	9 Months Ended
	Nov. 30, 2017
Debt Disclosure [Abstract]
CONVERTIBLE SENIOR UNSECURED NOTES	NOTE 6 – CONVERTIBLE SENIOR UNSECURED NOTES As of November 30, 2017, we had outstanding $172.5 million aggregate principal amount of convertible senior unsecured notes (“Notes”). The Notes are senior unsecured obligations and bear interest at a rate of 1.625% per year payable in cash on May 15 and November 15 of each year. The Notes mature on May 15, 2020 unless earlier converted or repurchased in accordance with their terms. We may not redeem the Notes prior to their stated maturity date and they will be convertible into cash, shares of our common stock or a combination of cash and shares of common stock, at our election, based on an initial conversion rate of 36.2398 shares of common stock per $1,000 principal amount. This ratio 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. Our intent is to settle the principal amount of the Notes in cash upon conversion. If the conversion value exceeds the principal amount, we would deliver shares of common stock in respect to the remainder of the 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 our common stock during each period. As of November 30, 2017, the conditions allowing holders of the Notes to convert have not been met. If we undergo a fundamental change (as defined in the Indenture), holders of the Notes may require us to repurchase their Notes at a repurchase price of 100% of the principal amount, plus any accrued and unpaid interest, if any, up to but not including the fundamental change repurchase date. In addition, following certain corporate events that occur prior to maturity, we 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): November 30, February 28, 2017 2017 Principal $ 172,500 $ 172,500 Less: Unamortized debt discount (17,846 ) (22,770 ) Unamortized debt issuance costs (2,276 ) (2,903 ) Net carrying amount of the Notes $ 152,378 $ 146,827 The Notes are carried at their principal amount, net of unamortized debt discount and issuance costs, and are not adjusted to fair value each period. 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 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 May 15, 2020. The approximate fair value of the Notes as of November 30, 2017 was $185.4 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.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Nov. 30, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 7 - INCOME TAXES Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and for income tax purposes. We evaluate the realizable nature of our deferred income tax assets and the need for a valuation allowance, as we deem necessary. In assessing the need for a valuation allowance, we review historical and future expected operating results and other factors, including 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. We file income tax returns in the U.S. federal jurisdiction, various U.S. states and Puerto Rico, Canada, Ireland, Italy, the United Kingdom, the Netherlands, Brazil and New Zealand. Certain income tax returns for fiscal years 2013 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. Most of our foreign subsidiaries’ tax returns for 2013 to present remain open for examination by the tax authorities in the countries in which they are filed. In Italy and the Netherlands, tax returns filed from 2011 to present remain open for examination. In Ireland, tax returns filed from 2010 to the present remain open. The effective income tax rate was 21.0% in the nine months ended November 30, 2017 compared to 4.3% in the same period of the prior year. This increase in the effective tax rate is primarily attributable to the former LoJack battery supplier settlement described in Note 15 for which over half was apportioned to the U.S. We are evaluating the impact of the current corporate tax reform recently passed by the U.S. Congress. current legislation, will We expect all is

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Nov. 30, 2017
Earnings (loss) per share:
EARNINGS PER SHARE	NOTE 8 - EARNINGS PER SHARE Basic earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period, plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The calculation of the basic and diluted income (loss) per share of common stock is as follows (in thousands, except per share value): Three Months Ended Nine Months Ended November 30, November 30, 2017 2016 2017 2016 Numerator: Net income (loss) $ 11,806 $ (1,527 ) $ 21,384 $ (3,665 ) Denominator: Basic weighted average number of common shares outstanding 35,347 35,731 35,206 36,196 Effect of stock options and restricted stock units computed on treasury stock method 900 - 858 - Diluted weighted average number of common shares outstanding 36,247 35,731 36,064 36,196 Income (loss) per common share: Basic $ 0.33 $ (0.04 ) $ 0.61 $ (0.10 ) Diluted $ 0.33 $ (0.04 ) $ 0.59 $ (0.10 ) All outstanding options and restricted stock units for the three and nine months ended November 30, 2016 were excluded from the computation of diluted earnings per share because we reported net losses for these periods presented and the effect of inclusion would be antidilutive. As described in Note 6, we have the option to pay cash, issue shares of common stock or any combination thereof for the aggregate amount due upon conversion of the Notes. Our 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 amount of the Notes would be included in diluted earnings per share. From the time of the issuance of Notes, the average market price of our common stock has been less than the initial conversion price, and consequently no shares have been included in diluted earnings per share for the conversion value of the Notes.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Nov. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	NOTE 9 – STOCK-BASED COMPENSATION Stock-based compensation expense is included in the following captions of the condensed consolidated statements of comprehensive income (loss) (in thousands): Three Months Ended Nine Months Ended November 30, November 30, 2017 2016 2017 2016 Cost of revenues $ 198 $ 118 $ 477 $ 250 Research and development 427 274 1,045 811 Selling and marketing 677 536 1,610 1,234 General and administrative 1,318 1,136 3,532 3,374 $ 2,620 $ 2,064 $ 6,664 $ 5,669 Changes in our outstanding stock options during the nine months ended November 30, 2017 were as follows (options in thousands): Weighted Number of Average Options Exercise Price Outstanding at February 28, 2017 955 $ 8.60 Granted 165 19.31 Exercised (53 ) 2.74 Forfeited or expired - - Outstanding at November 30, 2017 1,067 $ 10.54 Exercisable at November 30, 2017 677 $ 6.85 The weighted average remaining contractual term and the aggregate intrinsic value of outstanding options as of November 30, 2017 was 3.9 years and $13.1 Changes in our outstanding restricted stock shares, performance stock units (“PSUs”) and restricted stock units (“RSUs”) during the nine months ended November 30, 2017 were as follows (restricted shares, PSUs and RSUs in thousands): Number of Restricted Weighted Shares, PSUs Average Grant and RSUs Date Fair Value Outstanding at February 28, 2017 1,239 $ 15.94 Granted 731 19.35 Vested (375 ) 15.80 Forfeited (134 ) 17.37 Outstanding at November 30, 2017 1,461 $ 17.55 During the nine months ended November 30, 2017 and 2016, we retained 127,151 and 110,815 shares of the vested restricted shares, RSUs and PSUs, respectively, to satisfy the minimum required statutory amount of employee withholding taxes. As of November 30, 2017, there was $24.3 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 2.9 years.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	9 Months Ended
	Nov. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
COMPREHENSIVE INCOME	NOTE 10 – COMPREHENSIVE INCOME Comprehensive income consists of two components, net income and Other Comprehensive Income (“OCI”). OCI refers to revenue, expenses, and gains and losses that under GAAP are recorded as an element of shareholders’ equity but are excluded from net income. Our 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 equity investments and marketable securities classified as available-for-sale. The following table shows the changes in Accumulated Other Comprehensive Income (“AOCI”) by component for the nine months ended November 30, 2017 (in thousands): Cumulative Foreign Currency Unrealized Translation Gains/(Losses) Total Balance at February 28, 2017 $ (506 ) $ (35 ) $ (541 ) Other comprehensive income (loss) (56 ) 563 507 Tax effect (93 ) (93 ) Balance at November 30, 2017 $ (562 ) $ 435 $ (127 )

CONCENTRATION OF RISK

CONCENTRATION OF RISK	9 Months Ended
	Nov. 30, 2017
Risks and Uncertainties [Abstract]
CONCENTRATION OF RISK	NOTE 11 - CONCENTRATION OF RISK One customer in the heavy equipment industry accounted for 14% and 12% of our consolidated revenue for the three and nine months ended November 30, 2017, and 17% and 12% of our consolidated accounts receivable at November 30, 2017 and February 28, 2017, respectively. We have contract manufacturing arrangements with electronic manufacturing service providers for Mobile Resource Management (“MRM”) devices, LoJack Stolen Vehicle Recovery (“SVR”) products, certain other products, transmission towers and certain components and subassemblies. One supplier accounted for 33% and 31% of our total inventory purchases in the three and nine months ended November 30, 2017 and 27% and 37% in the three and nine months ended November 30, 2016, respectively. As of November 30, 2017, this supplier accounted for 38% of our total accounts payable. Another supplier accounted for 15% of our total inventory purchases in both the three and nine months ended November 30, 2017 and 17% and 13% in the three and nine months ended November 30, 2016, respectively, and 19% of our total accounts payable as of November 30, 2017. Some of our products and subassemblies are purchased from sole source suppliers.

PRODUCT WARRANTIES

PRODUCT WARRANTIES	9 Months Ended
	Nov. 30, 2017
Product Warranties Disclosures [Abstract]
PRODUCT WARRANTIES	NOTE 12 - PRODUCT WARRANTIES We generally provide a warranty for our products against defects over periods ranging from 12 to 24 months, depending upon the product. 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, we adjust our liability for warranty claims based on actual warranty claims experience as a percentage of revenues for the preceding one to two years, and we also consider the impact of known operational issues that may have a greater or lesser impact than historical trends. The warranty reserve is included in Other Current Liabilities in the consolidated balance sheets. Activity in the accrued warranty costs liability is as follows (in thousands): Nine Months Ended November 30, 2017 2016 Balance at beginning of period $ 6,518 $ 1,892 Assumed from acquisition of LoJack - 1,883 Charged to costs and expenses 1,245 916 Deductions (1,618 ) (2,127 ) Balance at end of period $ 6,145 $ 2,564

OTHER FINANCIAL INFORMATION

OTHER FINANCIAL INFORMATION	9 Months Ended
	Nov. 30, 2017
OTHER FINANCIAL INFORMATION [Abstract]
OTHER FINANCIAL INFORMATION	NOTE 13 – OTHER FINANCIAL INFORMATION Supplemental Balance Sheet Information Other current liabilities consist of the following (in thousands): November 30, February 28, 2017 2017 Warranty reserves $ 6,145 $ 6,518 Litigation reserve 17,241 10,144 Other 8,012 8,296 $ 31,398 $ 24,958 Other non-current liabilities consist of the following (in thousands): November 30, February 28, 2017 2017 Deferred revenue $ 15,317 $ 12,257 Deferred compensation plan liability 5,849 5,825 Acquisition-related contingent consideration 722 636 Deferred rent 207 378 Other 1,376 1,133 $ 23,471 $ 20,229 Supplemental Statement of Operations Information Interest expense consists of the following (in thousands): November 30 November 30 2017 2016 2017 2016 Interest expense on convertible senior unsecured notes: Stated interest at 1.625% per annum $ 701 $ 701 $ 2,106 $ 2,103 Amortization of note discount 1,661 1,562 4,924 4,631 Amortization of debt issue costs 211 199 627 590 2,573 2,462 7,657 7,324 Other interest expense - 17 1 53 Total interest expense $ 2,573 $ 2,479 $ 7,658 $ 7,377 Supplemental Cash Flow Information “Net cash provided by operating activities” includes cash payments for interest expense and income taxes as follows (in thousands): Nine Months Ended November 30, 2017 2016 Interest expense paid $ 2,847 $ 2,851 Income tax paid $ 1,113 $ 1,202 The following is the supplemental schedule of non-cash investing and financing activities (in thousands): Nine Months Ended November 30, 2017 2016 Equity investment in and loan to ThinxNet (see Note 5) $ 2,674 $ -

SEGMENT INFORMATION AND GEOGRAP

SEGMENT INFORMATION AND GEOGRAPHIC DATA	9 Months Ended
	Nov. 30, 2017
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 14 - SEGMENT INFORMATION AND GEOGRAPHIC DATA Historically, our business activities were organized into two reportable segments – Wireless DataCom and Satellite. Effective August 31, 2016, we ceased operations of the Satellite business and reported through the first quarter of fiscal 2018 under one reportable segment: Wireless DataCom. In the quarter ended August 31, 2017, we realigned our operations and now operate under two reportable segments: Telematics Systems and Software & Subscription Services. Our organizational structure is based on a number of factors that our CEO, the Chief Operating Decision Maker (“CODM”), uses to evaluate and operate the business, which include, but are not limited to, customer base, homogeneity of products, and technology. We have recast the first quarter of our current fiscal year and certain prior period amounts to conform to the way we internally manage and monitor segment performance. The Telematics Systems segment offers a portfolio of wireless data communications products which includes asset tracking units, mobile telematics devices, fixed and mobile wireless gateways and routers. These wireless networking devices underpin a wide range of our own and third party software and service solutions worldwide and are critical for applications demanding secure, reliable and business-critical communications. The Software & Subscription Services segment offers cloud-based, application enablement and telematics service platforms that facilitate integration of our own applications, as well as those of third parties, through open Applications Programing Interfaces (“APIs”) to deliver full-featured IoT solutions to a wide range of customers and markets. Our scalable proprietary SaaS offerings enable rapid and cost-effective deployment of high-value solutions for customers all around the globe. Segment information for the three and nine months ended November 30, 2017 and 2016 is as follows (in thousands): Three Months Ended November 30, 2017 Three Months Ended November 30, 2016 Operating Segments Operating Segments Software & Software & Telematics Subscription Corporate Telematics Subscription Corporate Systems Services Expenses Total Systems Services Satellite Expenses Total Revenues $ 77,775 $ 15,894 $ - $ 93,669 $ 67,463 $ 15,887 $ - $ - $ 83,350 Adjusted EBITDA $ 12,668 $ 2,028 $ (858 ) $ 13,838 $ 10,080 $ 1,288 $ 55 $ (1,468 ) $ 9,955 Nine Months Ended November 30, 2017 Nine Months Ended November 30, 2016 Operating Segments Operating Segments Software & Software & Telematics Subscription Corporate Telematics Subscription Corporate Systems Services Expenses Total Systems Services Satellite Expenses Total Revenues $ 223,841 $ 47,676 $ - $ 271,517 $ 203,402 $ 46,505 $ 15,069 $ - $ 264,976 Adjusted EBITDA $ 36,993 $ 5,301 $ (2,974 ) $ 39,320 $ 35,018 $ 1,968 $ 2,464 $ (2,913 ) $ 36,537 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. Our CODM evaluates each segment based on Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA), and we therefore consider Adjusted EBITDA to be a primary measure of operating performance of our operating segments. We define Adjusted EBITDA as earnings before investment income, interest expense, taxes, depreciation, amortization and stock-based compensation and other adjustments as identified below. The adjustments to our results prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to calculate Adjusted EBITDA are itemized below (in thousands): Three Months Ended Nine Months Ended November 30, November 30, 2017 2016 2017 2016 Net income (loss) $ 11,806 $ (1,527 ) $ 21,384 $ (3,665 ) Investment income (619 ) (201 ) (1,348 ) (1,109 ) Interest expense 2,573 2,479 7,658 7,377 Income tax provision (benefits) 3,351 135 5,970 (120 ) Depreciation 1,970 2,002 5,953 6,034 Amortization of intangible assets 3,710 3,857 11,278 11,203 Stock-based compensation 2,620 2,064 6,664 5,669 Equity in net loss of affiliate 409 320 1,122 1,004 Acquisition and integration expenses - 630 - 4,169 Non-cash COGS from inventory fair value write-up - - - 4,319 Legal expenses for LoJack battery performance issue 652 196 1,579 1,656 Litigation provision 324 - 6,810 - Gain on LoJack battery performance legal Settlement (13,301 ) - (28,333 ) - Other 343 - 583 - Adjusted EBITDA $ 13,838 $ 9,955 $ 39,320 $ 36,537 It is not practicable for us to report identifiable assets by segment because these businesses share resources, functions and facilities. Revenues by geographic area are as follows (in thousands): Nine Months Ended November 30, 2017 2016 United States $ 197,185 $ 196,322 Europe, Middle East and Africa 33,805 40,352 South America 9,018 7,815 Canada 11,833 6,446 Asia and Pacific Rim 9,593 5,819 All other 10,083 8,222 $ 271,517 $ 264,976 Revenues by geographic area are based upon the country of billing. The geographic location of distributors and OEM customers may be different from the geographic location of the ultimate end users of the products and services provided by us. No single non-U.S. country accounted for more than 10% of our revenue in the three and nine months ended November 30, 2017 and 2016.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	9 Months Ended
	Nov. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
LEGAL PROCEEDINGS	NOTE 15 – LEGAL PROCEEDINGS EVE battery claim On October 27, 2014, LoJack and LoJack Equipment Ireland DAC (“LJEI”), a wholly owned subsidiary of LoJack, commenced arbitration proceedings against EVE Energy Co., Ltd. (“EVE”). LoJack and LJEI alleged that EVE breached representations and warranties made in supply agreements relating to the quality and performance of battery packs supplied by EVE. On June 2, 2017, we were notified that the Hong Kong International Arbitration Centre rendered a decision and awarded damages to us (the “Damage Award”) for EVE’s breach of contract. On June 9, 2017, we entered into a settlement agreement with EVE and its controlling shareholder EVE Holdings Limited to resolve the Damage Award by having EVE Holdings Limited, the parent company of EVE, make payments to us in the aggregate amount of approximately $46 million, which amount is net of attorneys’ fees and insurance subrogation payment (the “Settlement”). These amounts are reported as other non-operating income in our consolidated statement of income upon receipt. To date, we have received approximately $28 million of the expected $46 million net amount, of which approximately $15 million was received in June 2017 and $13 million was received in November 2017. The Settlement amounts are reported as other non-operating income in our consolidated statement of comprehensive income for the three- and nine-month periods ended November 30, 2017, respectively. Pursuant to the Settlement, there are two remaining installments due to be received by us on February 28, 2018 and June 7, 2018 of approximately $13 million and $5 million, respectively. Other matters As previously disclosed on Form 10-Q for the quarter ended May 31, 2017 that was filed with the U.S. Securities and Exchange Commission on June 27, 2017, we are providing an update to the following other matters: ● We filed motions with the court seeking judgment as a matter of law and for a new trial in response to the patent infringement lawsuit that Omega Patents, LLC, (“Omega”) filed against us. The court denied these motions; and we then filed an appeal at the Court of Appeals for the Federal Circuit. We continue to believe that our products do not infringe any claims of Omega’s patents. While it is not feasible to predict with certainty the outcome of this litigation, its ultimate resolution could be material to our cash flows or results of operations; ● Tracker Connect (Pty) LTD ("Tracker"), LoJack's international licensee in South Africa, commenced arbitration proceedings against LoJack's Irish subsidiary by filing a notice of arbitration. The filing alleges breaches of the parties' license agreement, misrepresentations, and other violation. Tracker seeks monetary damages and recovery of attorneys' fees. On March 3, 2017, LoJack's Irish subsidiary filed its response to the notice, and counterclaims against Tracker for material breaches of the parties' license agreement and bad faith conduct. The arbitral tribunal has been selected and a three-week hearing is scheduled for March 2018. 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 us. In particular, in the ordinary course of business, we may receive claims concerning contract performance, or claims that our 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 our consolidated results of operations, financial condition and cash flows.

DESCRIPTION OF BUSINESS AND S21

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Nov. 30, 2017
Accounting Policies [Abstract]
Description of Business	Description of Business CalAmp Corp. (referred to herein as “CalAmp”, “the Company”, “we”, “our”, or “us”) is a telematics pioneer leading transformation in a global connected economy. We help reinvent businesses and improve lives around the globe with technology solutions that streamline complex Internet of Things (“IoT”) deployments and bring intelligence to the edge. Our software applications, scalable cloud services, and intelligent devices collect and assess critical data from mobile and fixed assets for enterprises and consumers. CalAmp is a global organization that is headquartered in Irvine, California. In March 2016, we acquired LoJack Corporation (“LoJack”), which provides us a vast U.S. auto dealer channel as well as an established international licensee network. Historically, our business activities were organized into two reportable segments – Wireless DataCom and Satellite. Effective August 31, 2016, we ceased operations of the Satellite business and through the first quarter of fiscal 2018 operated under one reportable segment: Wireless DataCom. In the quarter ended August 31, 2017, in order to streamline our operations and product line development resources, we realigned our operations and we now operate under two reportable segments: Telematics Systems and Software & Subscription Services. Certain notes and other information included in the audited financial statements in our Annual Report on Form 10-K for the year ended February 28, 2017 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 our 2017 Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on May 15, 2017. In the opinion of our management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary to present fairly our financial position at November 30, 2017 and our results of operations for the three and nine months ended November 30, 2017 and 2016. The results of operations for such periods are not necessarily indicative of results to be expected for the full fiscal year. All intercompany transactions and accounts have been eliminated in consolidation.
Revenue Recognition	Revenue Recognition We recognize 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. For product sales that are not bundled with an application service or for which we have no continuing service obligations, the revenue recognition criteria are generally met at the time product is shipped or installed by the end customer. For product shipments made on the basis of “FOB Destination” terms, revenue is recorded when the shipment reaches the customer. Customers generally do not have a right of return except for defective products returned during the warranty period. We record estimated commitments related to customer incentive programs as reductions of revenues. In addition to product sales, we provide Software-as-a-Service (“SaaS”) and Platform-as-a-Service (“PaaS”) subscriptions for our fleet management, vehicle finance and certain other verticals 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 us. We also enter into arrangements which combine various hardware devices as well as installation and notification services that are provided over a stipulated service period. These arrangements represent multiple element arrangements under ASC 605 Subtopic 25 entitled Revenue Recognition: Multiple-Element Arrangements (“ASC 605”). Generally, we defer the recognition of revenue for the products that are sold with application subscriptions and other services because the products are not functional without the application services, and they do not represent a separate basis of accounting under the applicable accounting guidance. 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, respectively, on a straight-line basis over minimum contractual subscription or service periods of one to five years. Revenues from renewals of data communication services after the initial contract term are recognized as application subscriptions revenue over the period 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. Revenue from the sales of products to international licensees is recognized when shipment of the products to the licensee has occurred and collection is reasonably assured. We offer extended warranty contracts in the United States related to certain products for which an independent third-party insurer is the primary obligor. Although we are not the primary obligor, we have reviewed the criteria in ASC 605, and have determined that gross revenue recognition is appropriate in these transactions. Accordingly, we recognize gross revenue at the time of the sale of the extended warranty with related costs being included in cost of goods sold.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all highly liquid investments with remaining maturities at date of purchase of three months or less to be cash equivalents.
Accounts Receivable	Accounts Receivable Accounts receivable consists of trade receivables and other receivables offset by an allowance for doubtful accounts. We reserve for the estimated accounts receivable that will not be collected based on an analysis of historical bad debts, customer concentrations, customer creditworthiness, current economic trends and changes in the customers’ payment terms and their economic condition. Collection of accounts receivable can be affected by changes in economic or other industry conditions and may impact our overall credit risk. The allowance for doubtful accounts totaled $1.2 million and $1.0 million as of November 30, 2017 and February 28, 2017, respectively.
Fair Value Measurements	Fair Value Measurements We apply 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. We define 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 arm’s-length transaction between market participants at the measurement date. Fair value is estimated by using the following hierarchy: 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. We have elected the fair value option for our investments in marketable securities on a contract-by-contract basis at the time each contract is initially recognized in the financial statements or upon an event that gives rise to a new basis of accounting for the items.
Recently 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 was 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. We adopted this standard effective March 1, 2017 and recorded a cumulative adjustment of $11.7 million for the excess tax benefit from the exercise of stock options and vesting of restricted stock awards and restricted stock units that occurred in prior fiscal years as an increase in deferred income tax assets and a reduction of the accumulated deficit. For the nine months ended November 30, 2017, we recorded $0.3 million of excess tax benefits on vested and exercised equity awards. The excess tax benefits recognized on stock-based compensation expense are classified as an operating activity in our consolidated statements of cash flows. Upon adoption of ASU 2016-09, we also elected to account for forfeitures as they occur, rather than estimating expected forfeitures over the course of a vesting period. In May 2017, the FASB issued Accounting Standards Update 2017-09, Compensation – Stock Compensation: Scope of Modification Accounting (“ASU 2017-09”). The amendments in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in ASC 718 Compensation – Stock Compensation . The adoption of ASU 2017-09, which will become effective for annual periods beginning after December 15, 2017, is not expected to have a material impact on our consolidated financial statements. In January 2017, the FASB issued Accounting Standards Update 2017-04, Simplifying the Test for Goodwill Impairment . The new guidance eliminates Step 2 from the goodwill impairment test and instead requires that an entity measure the impairment of goodwill assigned to a reporting unit if the carrying value of assets and liabilities assigned to the reporting unit, including goodwill, exceed the reporting unit's fair value. The new guidance must be adopted for annual and interim goodwill tests in fiscal years beginning after December 15, 2019. After the adoption of this standard, which will be applied prospectively, we will follow a one-step model for goodwill impairment. We do not anticipate this pronouncement will have a significant impact on our consolidated financial statements upon adoption. 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 an 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 capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements at the time of adoption, with certain practical expedients available. Early adoption is permitted. We have not completed the assessment of the impact on our consolidated financial statements, but we do expect to record an ROU asset and lease liability upon adoption. 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 a 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. We are currently evaluating the impact of this standard on our consolidated financial statements. In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers . The new revenue recognition standard (“ASC 606”) provides a five-step analytical framework for 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. The new standard is effective for annual reporting periods beginning after December 15, 2017; therefore, we are required to adopt this standard effective March 1, 2018. The two permitted transition methods under the new standard are the full retrospective method or the modified retrospective method. We are still in the process of evaluating which transition method to adopt. to

CASH, CASH EQUIVALENTS AND IN22

CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables)	9 Months Ended
	Nov. 30, 2017
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Marketable Securities	The following tables summarize our financial instrument assets (in thousands): As of November 30, 2017 Balance Sheet Classification of Fair Value Unrealized Cash and Short-Term Adjusted Gains Fair Cash Marketable Other Cost (Losses) Value Equivalents Securities Assets Cash $ 46,528 $ - $ 46,528 $ 46,528 $ - $ - Level 1: Money market funds 1,985 - 1,985 1,985 - - Mutual funds (1) 5,709 121 5,830 - - 5,830 International equities 2,982 509 3,491 3,171 320 Level 2: Repurchase agreements 62,100 - 62,100 62,100 - - Corporate bonds 37,465 (10 ) 37,455 27,482 9,973 - Total $ 156,769 $ 620 $ 157,389 $ 138,095 $ 13,144 $ 6,150 As of February 28, 2017 Balance Sheet Classification of Fair Value Unrealized Cash and Short-Term Adjusted Gains Fair Cash Marketable Other Cost (Losses) Value Equivalents Securities Assets Cash $ 39,322 $ - $ 39,322 $ 39,322 $ - $ - Level 1: Money market funds 3,406 - 3,406 3,406 - - Mutual funds (1) 5,429 372 5,801 - - 5,801 International equities 296 (54 ) 242 - - 242 Level 2: Repurchase agreements 24,000 - 24,000 24,000 - - Corporate bonds 33,708 (8 ) 33,700 26,978 6,722 - Total $ 106,161 $ 310 $ 106,471 $ 93,706 $ 6,722 $ 6,043 (1) Amounts represent various equity, bond and money market mutual funds that are held in a “Rabbi Trust” and are restricted for payment obligations to non-qualified deferred compensation plan participants.

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Nov. 30, 2017
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following (in thousands): November 30, February 28, 2017 2017 Raw materials $ 20,087 $ 15,822 Work in process 536 294 Finished goods 18,492 13,163 $ 39,115 $ 29,279

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Nov. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets	Other intangible assets consist of the following (in thousands): Gross Accumulated Amortization Net Useful Feb. 28, Nov. 30 Feb. 28, Nov. 30 Nov. 30 Feb. 28, Life 2017 Additions 2017 2017 Expense 2017 2017 2017 Supply contract 5 years $ 2,220 $ - $ 2,220 $ 2,112 $ 108 $ 2,220 $ - $ 108 Developed technology 2-7 years 22,280 - 22,280 10,323 2,972 13,295 8,985 11,957 Tradenames 7-10 years 37,643 84 37,727 5,226 2,889 8,115 29,612 32,417 Customer lists 4-7 years 22,950 - 22,950 15,018 3,462 18,480 4,470 7,932 Dealer relationships 7 years 16,850 - 16,850 2,308 1,809 4,117 12,733 14,542 Covenants not to compete 5 years 170 - 170 162 8 170 - 8 Patents 5 years 347 69 416 88 30 118 298 259 $ 102,460 $ 153 $ 102,613 $ 35,237 $ 11,278 $ 46,515 $ 56,098 $ 67,223
Schedule of Estimated Future Amortization Expense	Estimated future amortization expense as of November 30, 2017 is as follows (in thousands): 2018 (remainder) $ 3,721 2019 11,690 2020 9,683 2021 7,860 2022 6,222 Thereafter 16,922 $ 56,098

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	9 Months Ended
	Nov. 30, 2017
Other Assets, Noncurrent Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following (in thousands): November 30, February 28, 2017 2017 Deferred compensation plan assets $ 5,830 $ 5,801 Investment in international licensees 2,360 2,282 Equity investment in and loan to ThinxNet GmbH 2,674 - Loans to UK affiliate 2,982 2,402 Other 3,357 2,080 $ 17,203 $ 12,565

CONVERTIBLE SENIOR UNSECURED 26

CONVERTIBLE SENIOR UNSECURED NOTES (Tables)	9 Months Ended
	Nov. 30, 2017
Debt Disclosure [Abstract]
Schedule of Balances Attributable to the Notes	Balances attributable to the Notes consist of the following (in thousands): November 30, February 28, 2017 2017 Principal $ 172,500 $ 172,500 Less: Unamortized debt discount (17,846 ) (22,770 ) Unamortized debt issuance costs (2,276 ) (2,903 ) Net carrying amount of the Notes $ 152,378 $ 146,827

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Nov. 30, 2017
Earnings (loss) per share:
Schedule of Weighted Average Number of Shares	The calculation of the basic and diluted income (loss) per share of common stock is as follows (in thousands, except per share value): Three Months Ended Nine Months Ended November 30, November 30, 2017 2016 2017 2016 Numerator: Net income (loss) $ 11,806 $ (1,527 ) $ 21,384 $ (3,665 ) Denominator: Basic weighted average number of common shares outstanding 35,347 35,731 35,206 36,196 Effect of stock options and restricted stock units computed on treasury stock method 900 - 858 - Diluted weighted average number of common shares outstanding 36,247 35,731 36,064 36,196 Income (loss) per common share: Basic $ 0.33 $ (0.04 ) $ 0.61 $ (0.10 ) Diluted $ 0.33 $ (0.04 ) $ 0.59 $ (0.10 )

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Nov. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock-based Compensation Expense	Stock-based compensation expense is included in the following captions of the condensed consolidated statements of comprehensive income (loss) (in thousands): Three Months Ended Nine Months Ended November 30, November 30, 2017 2016 2017 2016 Cost of revenues $ 198 $ 118 $ 477 $ 250 Research and development 427 274 1,045 811 Selling and marketing 677 536 1,610 1,234 General and administrative 1,318 1,136 3,532 3,374 $ 2,620 $ 2,064 $ 6,664 $ 5,669
Summary of Stock Option Activity	$ 2,620 $ 2,064 $ 6,664 $ 5,669 Changes in our outstanding stock options during the nine months ended November 30, 2017 were as follows (options in thousands): Weighted Number of Average Options Exercise Price Outstanding at February 28, 2017 955 $ 8.60 Granted 165 19.31 Exercised (53 ) 2.74 Forfeited or expired - - Outstanding at November 30, 2017 1,067 $ 10.54 Exercisable at November 30, 2017 677 $ 6.85
Summary of Restricted Stock Shares (RSU's), and Performance Stock Units (PSU's) Activity	Changes in our outstanding restricted stock shares, performance stock units (“PSUs”) and restricted stock units (“RSUs”) during the nine months ended November 30, 2017 were as follows (restricted shares, PSUs and RSUs in thousands): Number of Restricted Weighted Shares, PSUs Average Grant and RSUs Date Fair Value Outstanding at February 28, 2017 1,239 $ 15.94 Granted 731 19.35 Vested (375 ) 15.80 Forfeited (134 ) 17.37 Outstanding at November 30, 2017 1,461 $ 17.55

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Nov. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income	The following table shows the changes in Accumulated Other Comprehensive Income (“AOCI”) by component for the nine months ended November 30, 2017 (in thousands): Cumulative Foreign Currency Unrealized Translation Gains/(Losses) Total Balance at February 28, 2017 $ (506 ) $ (35 ) $ (541 ) Other comprehensive income (loss) (56 ) 563 507 Tax effect (93 ) (93 ) Balance at November 30, 2017 $ (562 ) $ 435 $ (127 )

PRODUCT WARRANTIES (Tables)

PRODUCT WARRANTIES (Tables)	9 Months Ended
	Nov. 30, 2017
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability	The warranty reserve is included in Other Current Liabilities in the consolidated balance sheets. Activity in the accrued warranty costs liability is as follows (in thousands): Nine Months Ended November 30, 2017 2016 Balance at beginning of period $ 6,518 $ 1,892 Assumed from acquisition of LoJack - 1,883 Charged to costs and expenses 1,245 916 Deductions (1,618 ) (2,127 ) Balance at end of period $ 6,145 $ 2,564

OTHER FINANCIAL INFORMATION (Ta

OTHER FINANCIAL INFORMATION (Tables)	9 Months Ended
	Nov. 30, 2017
OTHER FINANCIAL INFORMATION [Abstract]
Schedule of Supplemental Balance Sheet Information	Supplemental Balance Sheet Information Other current liabilities consist of the following (in thousands): November 30, February 28, 2017 2017 Warranty reserves $ 6,145 $ 6,518 Litigation reserve 17,241 10,144 Other 8,012 8,296 $ 31,398 $ 24,958 Other non-current liabilities consist of the following (in thousands): November 30, February 28, 2017 2017 Deferred revenue $ 15,317 $ 12,257 Deferred compensation plan liability 5,849 5,825 Acquisition-related contingent consideration 722 636 Deferred rent 207 378 Other 1,376 1,133 $ 23,471 $ 20,229
Schedule of Interest Expense	Supplemental Statement of Operations Information Interest expense consists of the following (in thousands): November 30 November 30 2017 2016 2017 2016 Interest expense on convertible senior unsecured notes: Stated interest at 1.625% per annum $ 701 $ 701 $ 2,106 $ 2,103 Amortization of note discount 1,661 1,562 4,924 4,631 Amortization of debt issue costs 211 199 627 590 2,573 2,462 7,657 7,324 Other interest expense - 17 1 53 Total interest expense $ 2,573 $ 2,479 $ 7,658 $ 7,377
Schedule of Supplemental Cash Flow Information	“Net cash provided by operating activities” includes cash payments for interest expense and income taxes as follows (in thousands): Nine Months Ended November 30, 2017 2016 Interest expense paid $ 2,847 $ 2,851 Income tax paid $ 1,113 $ 1,202
Schedule of Supplemental Non-Cash Investing and Financing Activities	The following is the supplemental schedule of non-cash investing and financing activities (in thousands): Nine Months Ended November 30, 2017 2016 Equity investment in and loan to ThinxNet (see Note 5) $ 2,674 $ -

SEGMENT INFORMATION AND GEOGR32

SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)	9 Months Ended
	Nov. 30, 2017
Segment Reporting [Abstract]
Summary of Segment Information	Segment information for the three and nine months ended November 30, 2017 and 2016 is as follows (in thousands): Three Months Ended November 30, 2017 Three Months Ended November 30, 2016 Operating Segments Operating Segments Software & Software & Telematics Subscription Corporate Telematics Subscription Corporate Systems Services Expenses Total Systems Services Satellite Expenses Total Revenues $ 77,775 $ 15,894 $ - $ 93,669 $ 67,463 $ 15,887 $ - $ - $ 83,350 Adjusted EBITDA $ 12,668 $ 2,028 $ (858 ) $ 13,838 $ 10,080 $ 1,288 $ 55 $ (1,468 ) $ 9,955 Nine Months Ended November 30, 2017 Nine Months Ended November 30, 2016 Operating Segments Operating Segments Software & Software & Telematics Subscription Corporate Telematics Subscription Corporate Systems Services Expenses Total Systems Services Satellite Expenses Total Revenues $ 223,841 $ 47,676 $ - $ 271,517 $ 203,402 $ 46,505 $ 15,069 $ - $ 264,976 Adjusted EBITDA $ 36,993 $ 5,301 $ (2,974 ) $ 39,320 $ 35,018 $ 1,968 $ 2,464 $ (2,913 ) $ 36,537
Summary of Adjusted EBITDA	The adjustments to our results prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to calculate Adjusted EBITDA are itemized below (in thousands): Three Months Ended Nine Months Ended November 30, November 30, 2017 2016 2017 2016 Net income (loss) $ 11,806 $ (1,527 ) $ 21,384 $ (3,665 ) Investment income (619 ) (201 ) (1,348 ) (1,109 ) Interest expense 2,573 2,479 7,658 7,377 Income tax provision (benefits) 3,351 135 5,970 (120 ) Depreciation 1,970 2,002 5,953 6,034 Amortization of intangible assets 3,710 3,857 11,278 11,203 Stock-based compensation 2,620 2,064 6,664 5,669 Equity in net loss of affiliate 409 320 1,122 1,004 Acquisition and integration expenses - 630 - 4,169 Non-cash COGS from inventory fair value write-up - - - 4,319 Legal expenses for LoJack battery performance issue 652 196 1,579 1,656 Litigation provision 324 - 6,810 - Gain on LoJack battery performance legal Settlement (13,301 ) - (28,333 ) - Other 343 - 583 - Adjusted EBITDA $ 13,838 $ 9,955 $ 39,320 $ 36,537
Summary of Revenues by Geographic Area	Revenues by geographic area are as follows (in thousands): Nine Months Ended November 30, 2017 2016 United States $ 197,185 $ 196,322 Europe, Middle East and Africa 33,805 40,352 South America 9,018 7,815 Canada 11,833 6,446 Asia and Pacific Rim 9,593 5,819 All other 10,083 8,222 $ 271,517 $ 264,976

DESCRIPTION OF BUSINESS AND S33

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Feb. 28, 2017
Accounting Policies [Abstract]
Adjustment of tax benefit from exercise of stock options activity	$ 11,700
Tax benefits on vested and exercised equity awards	328
Allowance for doubtful accounts	$ 1,200		$ 1,000

CASH, CASH EQUIVALENTS AND IN34

CASH, CASH EQUIVALENTS AND INVESTMENTS (Details) - USD ($) $ in Thousands		Nov. 30, 2017	Feb. 28, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost		$ 156,769	$ 106,161
Unrealized Gains (Losses)		620	310
Fair Value		157,389	106,471
Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		138,095	93,706
Short Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		13,144	6,722
Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		6,150	6,043
Cash [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost		46,528	39,322
Unrealized Gains (Losses)
Fair Value		46,528	39,322
Cash [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		46,528	39,322
Cash [Member] | Short Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Cash [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost		1,985	3,406
Unrealized Gains (Losses)
Fair Value		1,985	3,406
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		1,985	3,406
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Short Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost	[1]	5,709	5,429
Unrealized Gains (Losses)	[1]	121	372
Fair Value	[1]	5,830	5,801
Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[1]
Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member] | Short Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[1]
Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[1]	5,830	5,801
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost		2,982	296
Unrealized Gains (Losses)		509	(54)
Fair Value		3,491	242
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Short Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		3,171
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		320	242
Repurchase Agreements [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost		62,100	24,000
Unrealized Gains (Losses)
Fair Value		62,100	24,000
Repurchase Agreements [Member] | Fair Value, Inputs, Level 2 [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		62,100	24,000
Repurchase Agreements [Member] | Fair Value, Inputs, Level 2 [Member] | Short Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Repurchase Agreements [Member] | Fair Value, Inputs, Level 2 [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted Cost		37,465	33,708
Unrealized Gains (Losses)		(10)	(8)
Fair Value		37,455	33,700
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		27,482	26,978
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Short Term Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		9,973	6,722
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
[1]	Amounts represent various equity, bond and money market mutual funds that are held in a "Rabbi Trust" and are restricted for payment obligations to non-qualified deferred compensation plan participants.

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Feb. 28, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 20,087	$ 15,822
Work in process	536	294
Finished goods	18,492	13,163
Inventories	$ 39,115	$ 29,279

OTHER INTANGIBLE ASSETS (Schedu

OTHER INTANGIBLE ASSETS (Schedule of Other Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2017	Nov. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Beginning balance			$ 102,460
Additions			153
Ending balance	$ 102,613		102,613
Beginning balance			35,237
Expense	3,710	$ 3,857	11,278	$ 11,203
Ending balance	46,515		46,515
Net ending	56,098		56,098
Net beginning			$ 67,223
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			2,112
Expense			108
Ending balance	2,220		2,220
Net ending
Net beginning			108
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance			22,280
Additions
Ending balance	22,280		22,280
Beginning balance			10,323
Expense			2,972
Ending balance	13,295		13,295
Net ending	8,985		8,985
Net beginning			$ 11,957
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			$ 37,643
Additions			84
Ending balance	37,727		37,727
Beginning balance			5,226
Expense			2,889
Ending balance	8,115		8,115
Net ending	29,612		29,612
Net beginning			$ 32,417
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			$ 22,950
Additions
Ending balance	22,950		22,950
Beginning balance			15,018
Expense			3,462
Ending balance	18,480		18,480
Net ending	4,470		4,470
Net beginning			$ 7,932
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			$ 16,850
Additions
Ending balance	16,850		16,850
Beginning balance			2,308
Expense			1,809
Ending balance	4,117		4,117
Net ending	12,733		12,733
Net beginning			$ 14,542
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			162
Expense			8
Ending balance	170		170
Net ending
Net beginning			$ 8
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period			5 years
Beginning balance			$ 347
Additions			69
Ending balance	416		416
Beginning balance			88
Expense			30
Ending balance	118		118
Net ending	$ 298		298
Net beginning			$ 259

OTHER INTANGIBLE ASSETS (Sche37

OTHER INTANGIBLE ASSETS (Schedule of Future Amortization Expense) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Feb. 28, 2017
Fiscal Year
2018 (remainder)	$ 3,721
2,019	11,690
2,020	9,683
2,021	7,860
2,022	6,222
Thereafter	16,922
Net	$ 56,098	$ 67,223

OTHER ASSETS (Details)

OTHER ASSETS (Details) £ in Thousands, $ in Thousands	1 Months Ended		3 Months Ended		9 Months Ended			27 Months Ended
	Aug. 24, 2017USD ($)	Sep. 30, 2015USD ($)	Nov. 30, 2017USD ($)	Nov. 30, 2016USD ($)	Nov. 30, 2017USD ($)	Nov. 30, 2017GBP (£)	Nov. 30, 2016USD ($)	Nov. 30, 2017USD ($)	Nov. 30, 2017GBP (£)	Feb. 28, 2017USD ($)
Schedule of Equity Method Investments [Line Items]
Investment in equity method investment					$ 1,312		$ 1,401
Equity in net loss of affiliate			$ 409	$ 320	1,122		1,004
Foreign currency cumulative translation adjustment			(123)	$ (444)	56		180
Ownership in cost method investments			2,360		2,360			$ 2,360		$ 2,282
LoJack Mexican Licensee [Member]
Schedule of Equity Method Investments [Line Items]
Ownership in cost method investments			$ 1,700		$ 1,700			$ 1,700
Ownership percentage of cost-method investments			12.50%		12.50%			12.50%	12.50%
ThinxNet [Member]
Schedule of Equity Method Investments [Line Items]
Ownership in cost method investments	$ 1,400
Unsecured convertible note receivable	$ 1,270
Interest rate on notes receivable	6.00%
Notes receivables term	12 months
Smart Driver Club Limited [Member]
Schedule of Equity Method Investments [Line Items]
Investment in equity method investment		$ 1,400				£ 1,000
Ownership percentage of equity-method investments			49.00%		49.00%			49.00%	49.00%
Equity in net loss of affiliate					$ 1,100		$ 1,000	$ 3,200
Debt instrument, face amount | £									£ 3,000
Interest rate on advance					8.00%	8.00%
Foreign currency cumulative translation adjustment					$ 300
Mexican licensee [Member]
Schedule of Equity Method Investments [Line Items]
Dividend income			$ 200		$ 200

OTHER ASSETS (Schedule of Other

OTHER ASSETS (Schedule of Other Assets) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Feb. 28, 2017	Nov. 30, 2016
Other Assets, Noncurrent Disclosure [Abstract]
Deferred compensation plan assets	$ 5,830	$ 5,801
Investment in international licensees	2,360	2,282
Equity investment in and loan to ThinxNet GmbH	2,674
Loans to UK affiliate	2,982	2,402
Other	3,357	2,080
Total	$ 17,203	$ 12,565

CONVERTIBLE SENIOR UNSECURED 40

CONVERTIBLE SENIOR UNSECURED NOTES (Long-term Debt) (Details) - Convertible Senior Notes [Member] $ / shares in Units, $ in Thousands, shares in Millions	9 Months Ended
	Nov. 30, 2017USD ($)$ / sharesshares	Feb. 28, 2017USD ($)	Nov. 30, 2016	May 31, 2015USD ($)
Debt Instrument [Line Items]
Debt instrument, face amount	$ 172,500	$ 172,500
Interest rate (as a percent)	1.625%		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	$ 17,846	$ 22,770		$ 33,600
Effective interest rate	6.20%
Equity component of issuance costs	$ 1
Fair value of the Notes	$ 185,400			$ 138,900

CONVERTIBLE SENIOR UNSECURED 41

CONVERTIBLE SENIOR UNSECURED NOTES (Schedule of Balances Attributable to Notes) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Feb. 28, 2017	May 31, 2015
Liability component:
1.625% convertible senior unsecured notes	$ 152,378	$ 146,827
Convertible Senior Notes [Member]
Liability component:
Term loan amount	172,500	172,500
Less: Unamortized debt discount	(17,846)	(22,770)	$ (33,600)
Unamortized debt issuance costs	(2,276)	(2,903)
1.625% convertible senior unsecured notes	$ 152,378	$ 146,827

INCOME TAXES (Details)

INCOME TAXES (Details)	9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Effective income tax rate	21.00%	4.30%
U.S. federal income tax rate	35.00%

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2017	Nov. 30, 2016
Numerator:
Net income (loss)	$ 11,806	$ (1,527)	$ 21,384	$ (3,665)
Denominator:
Basic weighted average number of common shares outstanding	35,347	35,731	35,206	36,196
Effect of stock options and restricted stock units computed on treasury stock method	900		858
Diluted weighted average number of common shares outstanding	36,247	35,731	36,064	36,196
Income (loss) per common share:
Basic	$ 0.33	$ (0.04)	$ 0.61	$ (0.10)
Diluted	$ 0.33	$ (0.04)	$ 0.59	$ (0.10)

STOCK-BASED COMPENSATION (Narra

STOCK-BASED COMPENSATION (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted average remaining contractual term of outstanding options	3 years 10 months 25 days
Aggregate intrinsic value of outstanding options	$ 13.1
Vested restricted shares, RSUs and PSUs retained to cover the the minimum required statutory amount of withholding taxes (Shares)	127,151	110,815
Unrecognized share-based compensation cost	$ 24.3
Unrecognized compensation cost, recognition period	2 years 10 months 25 days

STOCK-BASED COMPENSATION (Sched

STOCK-BASED COMPENSATION (Schedule of Stock-based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2017	Nov. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 2,620	$ 2,064	$ 6,664	$ 5,669
Cost of revenues [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	198	118	477	250
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	427	274	1,045	811
Selling and marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	677	536	1,610	1,234
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 1,318	$ 1,136	$ 3,532	$ 3,374

STOCK-BASED COMPENSATION (Summa

STOCK-BASED COMPENSATION (Summary of Stock Option Activity) (Details) shares in Thousands	9 Months Ended
	Nov. 30, 2017$ / sharesshares
Number of Options
Outstanding, beginning balance | shares	955
Granted | shares	165
Exercised | shares	(53)
Forfeited or expired | shares
Outstanding, ending balance | shares	1,067
Exercisable | shares	677
Weighted Average Exercise Price
Outstanding, beginning balance | $ / shares	$ 8.60
Granted | $ / shares	19.31
Exercised | $ / shares	2.74
Forfeited or expired | $ / shares
Outstanding, ending balance | $ / shares	10.54
Exercisable | $ / shares	$ 6.85

STOCK-BASED COMPENSATION (Sum47

STOCK-BASED COMPENSATION (Summary of Restricted Stock Shares and RSUs Activity) (Details) shares in Thousands	9 Months Ended
	Nov. 30, 2017$ / sharesshares
Number of Restricted Shares, PSUs and RSUs
Outstanding, beginning balance | shares	1,239
Granted | shares	731
Vested | shares	(375)
Forfeited | shares	(134)
Outstanding, ending balance | shares	1,461
Weighted Average Grant Date Fair Value
Outstanding, beginning balance | $ / shares	$ 15.94
Granted | $ / shares	19.35
Vested | $ / shares	15.80
Forfeited | $ / shares	17.37
Outstanding, ending balance | $ / shares	$ 17.55

COMPREHENSIVE INCOME (Schedule

COMPREHENSIVE INCOME (Schedule of Accumulated Other Comprehensive Income) (Details) $ in Thousands	9 Months Ended
	Nov. 30, 2017USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at February 28, 2017	$ (541)
Other comprehensive income (loss)	507
Tax effect	(93)
Balance at November 30, 2017	(127)
Cumulative Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at February 28, 2017	(506)
Other comprehensive income (loss)	(56)
Tax effect
Balance at November 30, 2017	(562)
Unrealized Gains/Losses [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at February 28, 2017	(35)
Other comprehensive income (loss)	563
Tax effect	(93)
Balance at November 30, 2017	$ 435

CONCENTRATION OF RISK (Details)

CONCENTRATION OF RISK (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2017	Nov. 30, 2016	Feb. 28, 2017
Revenue [Member] | Supplier Concentration Risk [Member] | Major Customer One [Member]
Concentration Risk [Line Items]
Concentration percentage	14.00%		12.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Major Customer One [Member]
Concentration Risk [Line Items]
Concentration percentage			17.00%		12.00%
Inventories [Member] | Supplier Concentration Risk [Member] | Supplier One [Member]
Concentration Risk [Line Items]
Concentration percentage	33.00%	27.00%	31.00%	37.00%
Inventories [Member] | Supplier Concentration Risk [Member] | Supplier Two [Member]
Concentration Risk [Line Items]
Concentration percentage	15.00%	17.00%	15.00%	13.00%
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Supplier One [Member]
Concentration Risk [Line Items]
Concentration percentage			38.00%
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Supplier Two [Member]
Concentration Risk [Line Items]
Concentration percentage			19.00%

PRODUCT WARRANTIES (Details)

PRODUCT WARRANTIES (Details) - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Warranty Reserves [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period	$ 6,518	$ 1,892
Assumed from acquisition of LoJack		1,883
Charged to costs and expenses	1,245	916
Deductions	(1,618)	(2,127)
Balance at end of period	$ 6,145	$ 2,564
Minimum [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Warranty Term	12 months	12 months
Maximum [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Warranty Term	24 months	24 months

OTHER FINANCIAL INFORMATION (Sc

OTHER FINANCIAL INFORMATION (Schedule of Other Current Liabilities) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Feb. 28, 2017
Other Financial Information Schedule Of Other Current Liabilities Details
Warranty reserves	$ 6,145	$ 6,518
Litigation reserve	17,241	10,144
Other	8,012	8,296
Total other current liabilities	$ 31,398	$ 24,958

OTHER FINANCIAL INFORMATION (52

OTHER FINANCIAL INFORMATION (Schedule of Other Non-Current Liabilities) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Feb. 28, 2017
OTHER FINANCIAL INFORMATION [Abstract]
Deferred revenue	$ 15,317	$ 12,257
Deferred compensation plan liability	5,849	5,825
Acquisition-related contingent consideration	722	636
Deferred rent	207	378
Other	1,376	1,133
Total other non-current liabilities	$ 23,471	$ 20,229

OTHER FINANCIAL INFORMATION (53

OTHER FINANCIAL INFORMATION (Schedule of Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2017	Nov. 30, 2016
Interest expense on convertible senior unsecured notes:
Stated interest at 1.625% per annum	$ 701	$ 701	$ 2,106	$ 2,103
Amortization of note discount	1,661	1,562	4,924	4,631
Amortization of debt issue costs	211	199	627	590
Interest expense on convertible notes	2,573	2,462	7,657	7,324
Other interest expense		17	1	53
Total interest expense	$ 2,573	$ 2,479	$ 7,658	$ 7,377
Convertible Senior Notes [Member]
Condensed Income Statements, Captions [Line Items]
Interest rate (as a percent)	1.625%	1.625%	1.625%	1.625%

OTHER FINANCIAL INFORMATION (54

OTHER FINANCIAL INFORMATION (Schedule of Cash Payments for Interest and Income Taxes) (Details) - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
OTHER FINANCIAL INFORMATION [Abstract]
Interest expense paid	$ 2,847	$ 2,851
Income tax paid	$ 1,113	$ 1,202

OTHER FINANCIAL INFORMATION (55

OTHER FINANCIAL INFORMATION (Schedule of Supplemental Non-Cash Investing and Financing Activities) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Feb. 28, 2017	Nov. 30, 2016
OTHER FINANCIAL INFORMATION [Abstract]
Equity investment in and loan to ThinxNet (see Note 5)	$ 2,674

SEGMENT INFORMATION AND GEOGR56

SEGMENT INFORMATION AND GEOGRAPHIC DATA (Schedule of Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2017	Nov. 30, 2016
Segment Reporting Information [Line Items]
Revenues	$ 93,669	$ 83,350	$ 271,517	$ 264,976
Adjusted EBITDA	13,838	9,955	39,320	36,537
Operating Segments [Member] | Telematics Systems [Member]
Segment Reporting Information [Line Items]
Revenues	77,775	67,463	223,841	203,402
Adjusted EBITDA	12,668	10,080	36,993	35,018
Operating Segments [Member] | Software & Subscription Services [Member]
Segment Reporting Information [Line Items]
Revenues	15,894	15,887	47,676	46,505
Adjusted EBITDA	2,028	1,288	5,301	1,968
Operating Segments [Member] | Corporate Expenses [Member]
Segment Reporting Information [Line Items]
Revenues
Adjusted EBITDA	$ (858)	(1,468)	$ (2,974)	(2,913)
Operating Segments [Member] | Satellite [Member]
Segment Reporting Information [Line Items]
Revenues				15,069
Adjusted EBITDA		$ 55		$ 2,464

SEGMENT INFORMATION AND GEOGR57

SEGMENT INFORMATION AND GEOGRAPHIC DATA (Summary of Adjusted EBITDA) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2017	Nov. 30, 2016
Segment Information And Geographic Data Summary Of Adjusted Ebitda Details
Net income (loss)	$ 11,806	$ (1,527)	$ 21,384	$ (3,665)
Investment income	(619)	(201)	(1,348)	(1,109)
Interest expense	2,573	2,479	7,658	7,377
Income tax provision (benefits)	3,351	135	5,970	(120)
Depreciation	1,970	2,002	5,953	6,034
Intangible asset amortization	3,710	3,857	11,278	11,203
Stock-based compensation	2,620	2,064	6,664	5,669
Equity in net loss of affiliate	409	320	1,122	1,004
Acquisition and integration expenses		630		4,169
Non-cash COGS from inventory fair value write-up				4,319
Legal expenses for LoJack battery performance issue	652	196	1,579	1,656
Litigation provision	324		6,810
Gain on LoJack battery performance legal Settlement	(13,301)		(28,333)
Other	343		583
Adjusted EBITDA	$ 13,838	$ 9,955	$ 39,320	$ 36,537

SEGMENT INFORMATION AND GEOGR58

SEGMENT INFORMATION AND GEOGRAPHIC DATA (Summary of Revenues by Geographic Area) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2017	Nov. 30, 2016
Segment Reporting Information [Line Items]
Revenues	$ 93,669	$ 83,350	$ 271,517	$ 264,976
United States [Member]
Segment Reporting Information [Line Items]
Revenues			197,185	196,322
Europe, Middle East and Africa [Member]
Segment Reporting Information [Line Items]
Revenues			33,805	40,352
South America [Member]
Segment Reporting Information [Line Items]
Revenues			9,018	7,815
Canada [Member]
Segment Reporting Information [Line Items]
Revenues			11,833	6,446
Asia and Pacific Rim [Member]
Segment Reporting Information [Line Items]
Revenues			9,593	5,819
All other [Member]
Segment Reporting Information [Line Items]
Revenues			$ 10,083	$ 8,222

LEGAL PROCEEDINGS (Legal Procee

LEGAL PROCEEDINGS (Legal Proceedings) (Details) - USD ($) $ in Millions	Jun. 07, 2018	Feb. 28, 2018	Jun. 09, 2017	Nov. 30, 2017	Jun. 30, 2017
LoJack [Member] | Scenario, Forecast [Member]
Gain Contingencies [Line Items]
Proceeds from litigation settlement	$ 5	$ 13
EVE Holdings Limited [Member]
Gain Contingencies [Line Items]
Amount of damages sought by company in litigation matter			$ 46
Proceeds from litigation settlement				$ 13	$ 15