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Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2022
Aug. 31, 2021
Income Statement [Abstract]        
Net sales $ 125,705 $ 143,109 $ 254,437 $ 280,169
Cost of sales 96,448 105,923 191,941 206,288
Gross profit 29,257 37,186 62,496 73,881
Operating expenses:        
Selling 11,865 11,838 24,150 23,305
General and administrative 19,082 17,884 38,212 36,560
Engineering and technical support 8,284 7,886 16,673 14,118
Acquisition costs 2,316 136 2,992
Total operating expenses 39,231 39,924 79,171 76,975
Operating loss (9,974) (2,738) (16,675) (3,094)
Other (expense) income:        
Interest and bank charges (911) (582) (1,641) (1,110)
Equity in income of equity investee 1,763 2,035 3,351 4,758
Interim arbitration award (see Note 23) (986)   (1,972)  
Other, net (1,519) 376 (3,629) 818
Total other (expense) income, net (1,653) 1,829 (3,891) 4,466
(Loss) income before income taxes (11,627) (909) (20,566) 1,372
Income tax (benefit) expense (708) (217) (1,800) 267
Net (loss) income (10,919) (692) (18,766) 1,105
Less: net loss attributable to non-controlling interest (703) (1,003) (2,023) (1,922)
Net (loss) income attributable to VOXX International Corporation (10,216) 311 (16,743) 3,027
Other comprehensive (loss) income:        
Foreign currency translation adjustments (2,128) (1,334) (3,622) (962)
Derivatives designated for hedging 99 163 186 282
Pension plan adjustments (40) 22 72 23
Other comprehensive loss, net of tax (1,989) (1,149) (3,364) (657)
Comprehensive (loss) income attributable to VOXX International Corporation $ (12,205) $ (838) $ (20,107) $ 2,370
(Loss) income per share - basic: Attributable to VOXX International Corporation $ (0.42) $ 0.01 $ (0.69) $ 0.12
(Loss) income per share - diluted: Attributable to VOXX International Corporation $ (0.42) $ 0.01 $ (0.69) $ 0.12
Weighted-average common shares outstanding (basic) 24,423,577 24,281,220 24,418,020 24,273,731
Weighted-average common shares outstanding (diluted) 24,423,577 24,855,307 24,418,020 24,890,641