Acquisitions (Tables) - Onkyo Home Entertainment Corporation [Member]

3 Months Ended

May 31, 2022

Summary of Allocation of Purchase Price for Fair Value of Assets Acquired and Liabilities Assumed

The following summarizes the preliminary allocation of the purchase price based upon the fair value of the assets acquired at the date of acquisition:

	September 8, 2021		Measurement Period Adjustments			September 8, 2021 (as adjusted)
Purchase price:
Cash paid	$	21,989		-			21,989
Assignment of notes and interest receivable		8,417		-			8,417
Fair value of contingent consideration		6,710		68			6,778
Total transaction consideration	$	37,116		68			37,184
Allocation:
Intangible assets	$	26,929		(7,905	)		19,024
Goodwill		10,187		7,973			18,160
Total assets acquired	$	37,116		68			37,184

During the fourth quarter of Fiscal 2022, the Company recorded a net measurement period adjustment that increased goodwill by $7,973. The measurement period adjustment would have resulted in a decrease in amortization expense related to the tradenames and technology in the third quarter of Fiscal 2022 and was not significant.

Summary of Amounts Assigned to Goodwill and Intangible Assets

The assets acquired include trade names, technology, and goodwill. The amounts assigned to goodwill and intangible assets for the acquisition are as follows:

	September 8, 2021 (as adjusted)		Amortization Period (Years)
Goodwill	$	18,160	N/A
Tradenames		12,468	10
Technology		6,556	5
	$	37,184

Rollforward of the Redeemable Non-controlling Interest

The following table provides the rollforward of the redeemable non-controlling interest for the three months ended May 31, 2022:

	Redeemable Non-controlling Interest
Balance at February 28, 2022	$	511
Net loss attributable to non-controlling interest		(613	)
Comprehensive loss attributable to non-controlling interest		(86	)
Foreign currency translation		(39	)
Balance at May 31, 2022	$	(227	)