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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2021
Income Statement [Abstract]      
Net sales $ 534,014,000 $ 635,920,000 $ 563,605,000
Cost of sales 399,715,000 466,442,000 405,058,000
Gross profit 134,299,000 169,478,000 158,547,000
Operating expenses:      
Selling 46,967,000 50,507,000 43,786,000
General and administrative 74,508,000 75,955,000 69,798,000
Engineering and technical support 31,464,000 31,540,000 20,897,000
Acquisition costs (36,000) 3,552,000 287,000
Goodwill impairment charge 7,373,000 0 0
Intangible asset impairment charges 1,300,000   1,300,000
Total operating expenses 161,576,000 161,554,000 136,068,000
Operating (loss) income (27,277,000) 7,924,000 22,479,000
Other (expense) income:      
Interest and bank charges (4,643,000) (2,532,000) (2,979,000)
Equity in income of equity investee 6,969,000 7,890,000 7,350,000
Interim arbitration award (Note 15) (3,944,000) (39,444,000)  
Investment gain (Note 1(f))     42,000
Other, net (2,055,000) 323,000 746,000
Total other (expense) income, net (3,673,000) (33,763,000) 5,159,000
(Loss) income before income taxes (30,950,000) [1],[2],[3] (25,839,000) [1] 27,638,000 [4]
Income tax (benefit) expense (39,000) 1,626,000 4,272,000
Net (loss) income (30,911,000) (27,465,000) 23,366,000
Less: net loss attributable to non-controlling interest (2,335,000) (5,132,000) (3,401,000)
Net (loss) income attributable to VOXX International Corporation (28,576,000) (22,333,000) 26,767,000
Other comprehensive (loss) income:      
Foreign currency translation adjustments (1,876,000) (3,317,000) 4,365,000
Derivatives designated for hedging, net of tax 309,000 633,000 (305,000)
Pension plan adjustments, net of tax 390,000 158,000 18,000
Other comprehensive (loss) income, net of tax (1,177,000) (2,526,000) 4,078,000
Comprehensive (loss) income attributable to VOXX International Corporation $ (29,753,000) $ (24,859,000) $ 30,845,000
Net (loss) income per common share attributable to VOXX International Corporation - basic $ (1.17) $ (0.92) $ 1.11
Net (loss) income per common share attributable to VOXX International Corporation - diluted $ (1.17) $ (0.92) $ 1.09
Weighted-average common shares outstanding (basic) 24,325,938 24,287,179 24,201,221
Weighted-average common shares outstanding (diluted) 24,325,938 24,287,179 24,650,106
[1] Included within Income (loss) before income taxes within Corporate/Eliminations for the year ended February 28, 2022 is a charge of $39,444 recorded for an interim arbitration award unfavorable to the Company (see Note 15). Included within Loss before income taxes on Corporate/Eliminations for the year ended February 28, 2023 are interest charges of $3,944 related to the interim arbitration award.
[2] Included within Loss before income taxes within Corporate/Eliminations for the year ended February 28, 2023 are foreign currency losses of $3,267 attributable to the Company's Onkyo subsidiary related to intercompany transactions and financial statement translation adjustments.
[3] Included within Loss before income taxes within the Automotive Electronics segment for the year ended February 28, 2023 is a goodwill impairment charge of $7,373 and an intangible asset impairment charge of $1,300 (see Note 1(k)).
[4] Included within Income (loss) before income taxes within the Consumer Electronics segment for the year ended February 28, 2021 is an intangible asset impairment charge of $1,300 (see Note 1(k)).