Net (Loss) Income Per Common Share

3 Months Ended

May 31, 2022

Net Income Per Common Share [Abstract]

(3) Net (Loss) Income Per Common Share

Basic net (loss) income per common share attributable to VOXX International Corporation is calculated by dividing net income attributable to Voxx, adjusted to reflect changes in the redemption value of redeemable non-controlling interest, by the weighted-average common shares outstanding during the period. The diluted net (loss) income per common share computation reflects the potential dilution that would occur if common stock equivalent securities or other contracts to issue common stock were exercised or converted into common stock. There was no redemption value adjustment of the redeemable non-controlling interest for the three months ended May 31, 2022.

A reconciliation between the denominator of basic and diluted net (loss) income per common share is as follows:


	Three months ended May 31,
	2022		2021
Weighted-average common shares outstanding (basic)		24,412,462		24,266,242
Effect of dilutive securities:
Restricted stock units and market stock units		—		659,732
Weighted-average common shares and potential common shares outstanding (diluted)		24,412,462		24,925,974

Restricted stock units and market stock units of 368,826 and 0 for the three months ended May 31, 2022 and 2021, respectively, were not included in the net (loss) income per diluted share calculation because the grant price of the restricted stock units and market stock units was greater than the average market price of the Company’s common stock during these periods, or the inclusion of these components would have been anti-dilutive.