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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2022
Feb. 28, 2022
Current assets:    
Cash and cash equivalents $ 4,326 $ 27,788
Accounts receivable, net 80,375 105,625
Inventory 192,931 174,922
Receivables from vendors 218 363
Prepaid expenses and other current assets 19,569 21,340
Income tax receivable 3,746 734
Total current assets 301,165 330,772
Investment securities 1,225 1,231
Equity investment 22,185 21,348
Property, plant and equipment, net 48,441 49,794
Operating lease, right of use asset 4,106 4,464
Goodwill 71,412 74,320
Intangible assets, net 94,599 101,450
Deferred income tax assets 38 40
Other assets 3,651 3,245
Total assets 546,822 586,664
Current liabilities:    
Accounts payable 50,851 76,665
Accrued expenses and other current liabilities 43,966 54,659
Income taxes payable 2,178 2,714
Accrued sales incentives 20,840 23,755
Interim arbitration award payable (see Note 23) 41,417 39,444
Contract liabilities, current 4,224 4,373
Current portion of long-term debt 500 2,406
Total current liabilities 163,976 204,016
Long-term debt, net of debt issuance costs 36,321 9,786
Finance lease liabilities, less current portion   78
Operating lease liabilities, less current portion 2,924 3,298
Deferred compensation 1,225 1,231
Contingent consideration, less current portion (see Note 2) 4,494 5,750
Deferred income tax liabilities 5,084 5,300
Other tax liabilities 907 1,083
Prepaid ownership interest in EyeLock LLC due to GalvanEyes LLC (see Note 20) 4,921 2,451
Other long-term liabilities 3,177 3,508
Total liabilities 223,029 236,501
Commitments and contingencies (see Note 23)
Redeemable equity (see Note 8) 3,783 3,550
Redeemable non-controlling interest (see Note 2) (321) 511
Stockholders' equity:    
Preferred stock:
Paid-in capital 296,311 300,453
Retained earnings 109,830 126,573
Accumulated other comprehensive loss (20,867) (17,503)
Less: Treasury stock, at cost, 2,862,218 and 2,749,218 shares of Class A Common Stock at August 31, 2022 and February 28, 2022 (25,138) (25,138)
Less: Redeemable equity (3,783) (3,550)
Total VOXX International Corporation stockholders' equity 356,621 381,102
Non-controlling interest (36,290) (35,000)
Total stockholders' equity 320,331 346,102
Total liabilities, redeemable equity, redeemable non-controlling interest, and stockholders' equity 546,822 586,664
Common Class A [Member]    
Stockholders' equity:    
Common stock 246 245
Common Class B [Member]    
Stockholders' equity:    
Common stock $ 22 $ 22