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Segment Reporting (Notes)
9 Months Ended
Nov. 30, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
Segment Reporting

The Company operates in three distinct segments based upon our products and our internal organizational structure. The three operating segments, which are also the Company's reportable segments, are Automotive, Premium Audio and Consumer Accessories.

Our Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, automotive security, remote start systems, digital TV tuners, mobile antennas, mobile multimedia devices, aftermarket/OE-styled radios, car link-smartphone telematics application, collision avoidance systems and location-based services.
Our Premium Audio segment designs, manufactures, distributes and markets home theater systems, high-end loudspeakers, outdoor speakers, iPod/computer speakers, business music systems, cinema speakers, flat panel speakers, bluetooth speakers, soundbars, headphones and DLNA (Digital Living Network Alliance).
Our Consumer Accessories segment designs and markets remote controls; rechargeable battery packs; wireless and bluetooth speakers; personal sound amplifiers; and iPod docks/iPod sound, A/V connectivity, portable/home charging, reception, and digital consumer products.
The accounting principles applied at the consolidated financial statement level are generally the same as those applied at the operating segment level and there are no material intersegment sales. The segments are allocated interest expense, based upon a pre-determined formula, which utilizes a percentage of each operating segment's intercompany balance, which is offset in Corporate/Eliminations.

Segment data for each of the Company's segments are presented below:

 
Automotive
 
Premium Audio
 
Consumer Accessories
 
Corporate/ Eliminations
 
Total
Three Months Ended November 30, 2014
 
 
 
 
 
 
 
 
 
Net sales
$
110,237

 
$
54,353

 
$
58,202

 
$
564

 
$
223,356

Equity in income of equity investees
1,245

 

 

 

 
1,245

Interest expense and bank charges
1,654

 
2,372

 
1,460

 
(3,661
)
 
1,825

Depreciation and amortization expense
2,394

 
946

 
331

 
518

 
4,189

Income (loss) before income taxes
8,686

 
5,985

 
2,500

 
(965
)
 
16,206

 
 
 
 
 
 
 
 
 
 
Three Months Ended November 30, 2013
 
 
 
 
 
 
 
 
 
Net sales
$
117,567

 
$
65,562

 
$
62,231

 
$
454

 
$
245,814

Equity in income of equity investees
1,520

 

 

 

 
1,520

Interest expense and bank charges
1,718

 
2,050

 
2,511

 
(4,449
)
 
1,830

Depreciation and amortization expense
2,137

 
978

 
543

 
382

 
4,040

Income (loss) before income taxes
15,618

 
5,688

 
1,392

 
(865
)
 
21,833

 
 
 
 
 
 
 
 
 
 
Nine Months Ended November 30, 2014
 
 
 
 
 
 
 
 
 
Net sales
$
305,564

 
$
128,517

 
$
152,567

 
$
950

 
$
587,598

Equity in income of equity investees
4,631

 

 

 

 
4,631

Interest expense and bank charges
4,623

 
6,892

 
5,000

 
(11,505
)
 
5,010

Depreciation and amortization expense
6,861

 
2,743

 
1,005

 
1,580

 
12,189

Income (loss) before income taxes
11,685

 
2,582

 
(1,989
)
 
(157
)
 
12,121

 
 
 
 
 
 
 
 
 
 
Nine Months Ended November 30, 2013
 
 
 
 
 
 
 
 
 
Net sales
$
318,633

 
$
146,533

 
$
156,165

 
$
1,273

 
$
622,604

Equity in income of equity investees
4,772

 

 

 

 
4,772

Interest expense and bank charges
5,568

 
5,753

 
7,508

 
(13,220
)
 
5,609

Depreciation and amortization expense
6,330

 
2,726

 
1,716

 
1,228

 
12,000

Income (loss) before income taxes
26,025

 
8,294

 
(1,279
)
 
(350
)
 
32,690



(a) Included in the income (loss) before taxes for the nine months ended November 30, 2014 within the Automotive segment is the $6,702 remeasurement loss related to the Company's Venezuela government issued sovereign bonds.