LOJACK ACQUISITION (Tables)
 9 Months Ended
Nov. 30, 2016
Business Combinations [Abstract]  
Summary of Purchase Price Allocation

The following is the preliminary purchase price allocation for LoJack (in thousands):

Purchase price             $ 131,735
Less cash acquired, net of debt assumed (9,303 )
       Net cash paid 122,432
Fair value of net assets acquired:
       Current assets other than cash $      41,262
       Property and equipment 12,075
       Developed technology 8,200
       Tradename 35,500
       Customer lists 4,650
       Dealer relationships 16,850
       Other non-current assets 4,208
       Deferred tax liability (2,700 )
       Current liabilities (33,387 )
       Deferred revenue, non-current (8,698 )
       Other non-current liabilities (2,584 )
              Total fair value of net assets acquired 75,376
Goodwill $      47,056
Summary of Pro Forma Information

The following is unaudited pro forma consolidated financial information for the Company presented as if the acquisition of LoJack had occurred on March 1, 2015, the beginning of the Company’s prior fiscal year.

(in thousands except per share amounts)

Pro Forma
Nine Months Ended
November 30,
      2016       2015
Revenues $      270,231 $      309,268
Net income $ 4,782 $ 6,316
 
Earnings per share:
       Basic $ 0.13 $ 0.17
       Diluted $ 0.13 $ 0.17
 
Shares used in computing earnings per share:
       Basic 36,196 36,138
       Diluted 36,651 36,728
Schedule of Adjustments

The following adjustments were included in the unaudited pro forma financial information (in thousands):

      Pro Forma
Nine Months Ended
November 30,
2016       2015
LoJack standalone net income:
       From March 1 to March 14, 2016 $ 973 $ -
       For the nine month period ended December 31, 2015 - 4,846
Increase (decrease) in revenue for fair valuation of
       deferred revenue 1,434 (1,434 )
(Increase) decrease in costs and expenses:
       Amortization of inventory step-up 4,318 (4,318 )
       Amortization of intangible assets and depreciation of
              property, equipment and improvements acquired (309 ) (5,551 )
       Acquisition and integration expenses 4,169 (3,195 )
       Net increase (decrease) in pretax income (loss) 10,585 (9,652 )
Income tax effects (2,138 ) 4,534
Change in net income (loss) 8,447 (5,118 )
Net income (loss) as reported (3,665 ) 11,434
Pro forma net income $      4,782 $      6,316