Financial and Product Information About Foreign and Domestic Operations

12 Months Ended

Feb. 28, 2017

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Financial and Product Information About Foreign and Domestic Operations

Segment

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, distributesand 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, distributesand 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) compatible devices.

Our Consumer Accessories segment designs, markets and distributes remote controls; wireless and Bluetooth speakers; karaoke products; action cameras; iris identification and security related products; personal sound amplifiers; infant/nursery products; and A/V connectivity, portable/home charging, reception and digital consumer products.

Each operating segment is individually reviewed and evaluated by our Chief Operating Decision Maker (CODM), who allocates resources and assesses performance of each segment individually. The Company's Chief Executive Officer has been identified as the CODM. The CODM evaluates performance and allocates resources based upon a number of factors, the primary profit measure being income before income taxesof each segment. Certain costs and royalty income are not allocated to the segments and are reported as Corporate/Eliminations. Costs not allocated to the segments include professional fees, public relations costs, acquisition costs and costs associated with executive and corporate management departments including salaries, benefits, depreciation, rent and insurance.

The segments share many common resources, infrastructures and assets in the normal course of business. Thus, the Company does not report assets or capital expenditures by segment to the CODM.

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
Fiscal Year Ended February 28, 2017
Net sales	$	337,241	$	166,789		$	176,216		$	796		$	681,042
Equity in income of equity investees	6,797		—			—			—			6,797
Interest expense and bank charges	3,492		5,295			4,716			(6,015		)	7,488
Depreciation and amortization expense	7,230		3,688			4,702			2,674			18,294
Income (loss) before income taxes	21,358		8,316			(20,300		)	(10,817		)	(1,443		)
Fiscal Year Ended February 29, 2016
Net sales	$	351,665	$	140,508		$	187,272		$	1,301		$	680,746
Equity in income of equity investees	6,538		—			—			—			6,538
Interest expense and bank charges	5,811		8,979			5,766			(12,481		)	8,075
Depreciation and amortization expense	7,327		3,477			2,904			2,130			15,838
Income (loss) before income taxes (a)	17,857		(8,945		)	(17,044		)	334			(7,798		)
Fiscal Year Ended February 28, 2015
Net sales	$	396,422	$	165,812		$	194,104		$	1,160		$	757,498
Equity in income of equity investees	5,866		—			—			—			5,866
Interest expense and bank charges	6,310		9,079			6,431			(14,969		)	6,851
Depreciation and amortization expense	8,646		3,651			1,192			2,076			15,565
Income (loss) before income taxes (b)	2,196		2,979			(3,840		)	(639		)	696

(a) Included in the income (loss) before taxes for the year ended February 29, 2016 within the Consumer Accessories segment is the $4,679 gain on bargain purchase recognized in conjunction with the EyeLock transaction, as well as an impairment loss on intangible assets totaling $2,860. Included in the income (loss) before taxes for the year ended February 29, 2016 within the Premium Audio segment is an impairment loss on intangible assets totaling $6,210.

(b) Included in the income (loss) before taxes for the year ended February 28, 2015 within the Automotive segment is the $(7,396) re-measurement loss related to the Company's Venezuela government issued sovereign bonds and the impairment charge of $(9,304) related to investment properties in Venezuela.

No one customer accounted for more than 10% of consolidated net sales during the years ended February 28, 2017, February 29, 2016 or February 28, 2015.

Geographic net sales information in the table below is based on the location of the selling entity. Long-lived assets, primarily fixed assets, are reported below based on the location of the asset.

	United States		Germany		Other		Total
Fiscal Year Ended February 28, 2017
Net sales	$	449,865	$	226,368	$	4,809	$	681,042
Long-lived assets	49,937		27,700		3,964		81,601
Fiscal Year Ended February 29, 2016
Net sales	$	461,606	$	211,701	$	7,439	$	680,746
Long-lived assets	47,092		28,341		3,989		79,422
Fiscal Year Ended February 28, 2015
Net sales	$	500,847	$	246,173	$	10,478	$	757,498
Long-lived assets	35,835		29,952		3,996		69,783