Other Long-Term Liabiltiies

12 Months Ended

Feb. 28, 2017

Other Liabilities, Noncurrent [Abstract]

Other Liabilities Disclosure [Text Block]

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following:

	February 28, 2017		February 29, 2016
Commissions	$	598	$	818
Employee compensation	21,483		21,514
Professional fees and accrued settlements	1,909		3,405
Future warranty	5,760		8,806
Freight and duty	2,651		2,935
Payroll and other taxes	1,603		2,071
Royalties, advertising and other	8,472		11,199
Total accrued expenses and other current liabilities	$	42,476	$	50,748

In August 2003, the Company entered into a call/put option agreement with certain employees of Voxx Germany, whereby these employees could acquire up to a maximum of 20% of the Company's stated share capital in Voxx Germany at a call price equal to the same proportion of the actual price paid by the Company for Voxx Germany. The agreement was amended in April 2014, fixing the put price at €3,000 and the call price at €0, with the put subject only to downward adjustments for losses incurred by Voxx Germany, beginning in Fiscal 2015. The put options become immediately exercisable upon (i) the sale of Voxx Germany or (ii) the termination of employment or death of the employee. Beginning in Fiscal 2015 and for each fiscal year thereafter, the employees will also receive a dividend equal to 20% of Voxx Germany's net after tax profits. Accordingly, the Company recognizes compensation expense based on 20% of the after tax net profits of Voxx Germany, subject to certain tax treatment adjustments as defined in the agreement, representing the annual dividend. The balance of the call/put option included in Accrued Expenses and Other Current Liabilities on the Consolidated Balance Sheets at February 28, 2017 and February 29, 2016 was $3,586 and $3,614, respectively, and is included within employee compensation in the table above. Compensation expense for these options amounted to $405, $357 and $451 for the years ended February 28, 2017, February 29, 2016 and February 28, 2015, respectively.

Other Long-Term Liabilities

Included in other long-term liabilities are the non-current portions of a pension liability for an employer defined pension plan covering certain eligible Hirschmann employees (see Note 11(f)), as well as a retirement incentive accrual for certain Hirschmann employees.