XML 58 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Nov. 30, 2014
Nov. 30, 2013
Cash flows from operating activities:    
Net income $ 13,429us-gaap_ProfitLoss $ 22,429us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 12,189us-gaap_DepreciationDepletionAndAmortization 12,000us-gaap_DepreciationDepletionAndAmortization
Amortization of debt discount 838us-gaap_AmortizationOfDebtDiscountPremium 1,033us-gaap_AmortizationOfDebtDiscountPremium
Bad debt expense 371us-gaap_ProvisionForDoubtfulAccounts 632us-gaap_ProvisionForDoubtfulAccounts
Loss on forward contracts 40us-gaap_GainLossOnOilAndGasHedgingActivity 67us-gaap_GainLossOnOilAndGasHedgingActivity
Equity in income of equity investees (4,631)us-gaap_IncomeLossFromEquityMethodInvestments (4,772)us-gaap_IncomeLossFromEquityMethodInvestments
Distribution of income from equity investees 3,912us-gaap_EquityMethodInvestmentDividendsOrDistributions 2,201us-gaap_EquityMethodInvestmentDividendsOrDistributions
Deferred Income Tax Expense (450)us-gaap_DeferredIncomeTaxExpenseBenefit (58)us-gaap_DeferredIncomeTaxExpenseBenefit
Non-cash compensation adjustment 598us-gaap_DeferredCompensationArrangementWithIndividualCompensationExpense 431us-gaap_DeferredCompensationArrangementWithIndividualCompensationExpense
Non-cash stock based compensation expense 291us-gaap_ShareBasedCompensation 552us-gaap_ShareBasedCompensation
Foreign Currency Translation Gain (Loss) (476)voxx_ForeignCurrencyTranslationGainLoss 504voxx_ForeignCurrencyTranslationGainLoss
Gain on sale of property, plant and equipment 255us-gaap_GainLossOnSaleOfPropertyPlantEquipment 12us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Changes in operating assets and liabilities (net of assets and liabilities acquired):    
Accounts receivable 979us-gaap_IncreaseDecreaseInAccountsReceivable (28,212)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory (13,654)us-gaap_IncreaseDecreaseInInventories (483)us-gaap_IncreaseDecreaseInInventories
Receivables from vendors (1,053)us-gaap_IncreaseDecreaseInReceivables 3,549us-gaap_IncreaseDecreaseInReceivables
Prepaid expenses and other (1,568)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (953)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Investment securities-trading (253)us-gaap_IncreaseDecreaseInTradingSecurities (592)us-gaap_IncreaseDecreaseInTradingSecurities
Accounts payable, accrued expenses, accrued sales incentives and other liabilities 17,390us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 32,087us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Income taxes payable (4,988)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 2,410us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Net cash provided by operating activities 30,397us-gaap_NetCashProvidedByUsedInOperatingActivities 42,333us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchases of property, plant and equipment (9,862)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (9,585)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property, plant and equipment 55us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Increase in notes receivable 0us-gaap_IncreaseDecreaseInNotesReceivableCurrent 83us-gaap_IncreaseDecreaseInNotesReceivableCurrent
Purchase of long term investments (6,000)us-gaap_PaymentsToAcquireLongtermInvestments 0us-gaap_PaymentsToAcquireLongtermInvestments
Proceeds from Collection of Notes Receivable 227us-gaap_ProceedsFromCollectionOfNotesReceivable 0us-gaap_ProceedsFromCollectionOfNotesReceivable
Net cash used in investing activities (15,580)us-gaap_NetCashProvidedByUsedInInvestingActivities (9,502)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Principal payments on capital lease obligation (387)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (270)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Repayment of bank obligations (10,764)us-gaap_RepaymentsOfLinesOfCredit (48,249)us-gaap_RepaymentsOfLinesOfCredit
Borrowings on bank obligations 0us-gaap_ProceedsFromBankDebt 7,800us-gaap_ProceedsFromBankDebt
Proceeds from exercise of stock options 32us-gaap_ProceedsFromStockOptionsExercised 5,275us-gaap_ProceedsFromStockOptionsExercised
Payments for Repurchase of Common Stock (2,620)us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash (used in) provided by financing activities (13,739)us-gaap_NetCashProvidedByUsedInFinancingActivities (35,444)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash (625)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (836)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash and cash equivalents 453us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (3,449)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 10,603us-gaap_CashAndCashEquivalentsAtCarryingValue 19,777us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 11,056us-gaap_CashAndCashEquivalentsAtCarryingValue 16,328us-gaap_CashAndCashEquivalentsAtCarryingValue
Bonds [Member]    
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Foreign Currency Translation Gain (Loss) (6,702)voxx_ForeignCurrencyTranslationGainLoss
/ invest_InvestmentAxis
= us-gaap_BondsMember
0voxx_ForeignCurrencyTranslationGainLoss
/ invest_InvestmentAxis
= us-gaap_BondsMember
VENEZUELA    
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Foreign Currency Translation Gain (Loss) $ 6,232voxx_ForeignCurrencyTranslationGainLoss
/ dei_LegalEntityAxis
= country_VE
$ 0voxx_ForeignCurrencyTranslationGainLoss
/ dei_LegalEntityAxis
= country_VE