Equity Investments Level 1 (Notes)

9 Months Ended

Nov. 30, 2013

Equity Method Investments Disclosure [Text Block]

Equity Investments

As of November 30, 2013 and February 28, 2013, the Company had a 50% non-controlling ownership interest in ASA Electronics, LLC and Subsidiary (“ASA") which acts as a distributor of mobile electronics specifically designed for niche markets within the automotive industry, including RV's; buses; and commercial, heavy duty, agricultural, construction, powersport, and marine vehicles.

The following presents summary financial information for ASA. Such summary financial information has been provided herein based upon the individual significance of ASA to the consolidated financial information of the Company.



	November 30, 2013		February 28, 2013
Current assets	$	41,676	$	34,409
Non-current assets	5,136		4,980
Current liabilities	6,634		4,353
Members' equity	40,178		35,036
	Nine Months Ended November 30,
	2013		2012
Net sales	$	71,504	$	67,066
Gross profit	21,942		19,343
Operating income	9,503		7,434
Net income	9,544		7,460

The Company's share of income from ASA was $1,520 and $1,180 for the three months ended November 30, 2013 and 2012, respectively, and $4,772 and $3,730 for the nine months ended November 30, 2013 and 2012, respectively.

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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