Equity Investments Level 1 (Notes)

9 Months Ended

Nov. 30, 2014

Equity Method Investments Disclosure [Text Block]

Equity Investment

As of November 30, 2014 and February 28, 2014, 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, 2014		February 28, 2014
Current assets	$	45,441	$	41,820
Non-current assets	5,338		5,171
Current liabilities	8,085		5,735
Members' equity	42,694		41,256
	Nine Months Ended November 30,
	2014		2013
Net sales	$	71,974	$	71,504
Gross profit	21,187		21,942
Operating income	8,834		9,503
Net income	9,262		9,544

The Company's share of income from ASA was $1,245 and $1,520 for the three months ended November 30, 2014 and 2013, respectively, and $4,631 and $4,772 for the nine months ended November 30, 2014 and 2013, 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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