Equity Investment

12 Months Ended

Feb. 28, 2015

Equity Investment [Abstract]

Equity Method Investments Disclosure [Text Block]

Equity Investment

The Company has 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. ASC 810 requires the Company to evaluate non-consolidated entities periodically, and as circumstances change, to determine if an implied controlling interest exists. During Fiscal 2015, the Company evaluated this equity investment and concluded that this is still a variable interest entity and the Company is not the primary beneficiary.  ASA’s fiscal year end is November 30, 2014, however, the results of ASA as of and through February 28, 2015 have been recorded in the consolidated financial statements.

The Company's share of income from ASA for the years ended February 28, 2015, February 28, 2014 and February 28, 2013 was $5,866, $6,070 and $4,880, respectively.   In addition, the Company received cash distributions from ASA totaling $4,846, $2,960 and $2,256 during the years ended February 28, 2015, February 28, 2014 and February 28, 2013, respectively.

Undistributed earnings from equity investments included in retained earnings amounted to $16,322 and $15,302 at February 28, 2015 and February 28, 2014, respectively.

Net sales transactions between the Company and ASA were $2,565, $949 and $396 for the years ended February 28, 2015, February 28, 2014 and February 28, 2013, respectively. Accounts receivable balances from ASA were $229 and $384 as of February 28, 2015 and February 28, 2014, respectively.