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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2023
Feb. 28, 2022
Current assets:    
Cash and cash equivalents $ 6,134 $ 27,788
Accounts receivable, net 82,753 105,625
Inventory, net 175,129 174,922
Receivables from vendors 112 363
Prepaid expenses and other current assets 19,817 21,340
Income tax receivable 1,076 734
Total current assets 285,021 330,772
Investment securities 1,053 1,231
Equity investments 22,018 21,348
Property, plant and equipment, net 47,044 49,794
Operating lease, right of use asset 3,632 4,464
Goodwill 65,308 74,320
Intangible assets, net 90,437 101,450
Deferred income tax assets 1,218 40
Other assets 3,720 3,245
Total assets 519,451 586,664
Current liabilities:    
Accounts payable 35,099 76,665
Accrued expenses and other current liabilities 41,856 53,974
Income taxes payable 2,276 2,714
Accrued sales incentives 21,778 23,755
Contingent consideration, current (Note 2) 4,500 685
Interim arbitration award payable (Note 15) 43,388 39,444
Contract liabilities, current 3,990 4,373
Current portion of long-term debt 500 2,406
Total current liabilities 153,387 204,016
Long-term debt, net of debt issuance costs 37,513 9,786
Finance lease liabilities, less current portion 63 78
Operating lease liabilities, less current portion 2,509 3,298
Deferred compensation 1,053 1,231
Contingent consideration, less current portion (Note 2) 0 5,750
Deferred income tax liabilities 4,855 5,300
Other tax liabilities 966 1,083
Prepaid ownership interest in EyeLock LLC due to GalvanEyes LLC (Note 3) 7,317 2,451
Other long-term liabilities 2,947 3,508
Total liabilities 210,610 236,501
Commitments and contingencies (Note 15)
Redeemable equity (Note 1(u)) 4,018 3,550
Redeemable non-controlling interest (Note 2) 232 511
Stockholders' equity:    
Preferred stock:
Paid-in capital 296,577 300,453
Retained earnings 97,997 126,573
Accumulated other comprehensive loss (18,680) (17,503)
Less: Treasury stock, at cost, 3,370,657 and 2,862,218 shares of Class A Common Stock at February 28, 2023 and February 28, 2022, respectively (30,285) (25,138)
Less: Redeemable equity (4,018) (3,550)
Total VOXX International Corporation stockholders' equity 341,859 381,102
Non-controlling interest (37,268) (35,000)
Total stockholders' equity 304,591 346,102
Total liabilities, redeemable equity, redeemable non-controlling interest, and stockholders' equity 519,451 586,664
Common Class B [Member]    
Stockholders' equity:    
Common stock 22 22
Common Class A [Member]    
Stockholders' equity:    
Common stock $ 246 $ 245