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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2023
Feb. 28, 2023
Current assets:    
Cash and cash equivalents $ 10,393 $ 6,134
Accounts receivable, net of allowances of $2,005 and $2,515 at August 31, 2023 and February 28, 2023, respectively 91,631 82,753
Inventory 146,244 175,129
Receivables from vendors 1,668 112
Due from GalvanEyes LLC (Note 20) $ 2,547  
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember  
Prepaid expenses and other current assets $ 20,259 19,817
Income tax receivable 1,354 1,076
Total current assets 274,096 285,021
Investment securities 909 1,053
Equity investment 21,523 22,018
Property, plant and equipment, net 45,857 47,044
Operating lease, right of use assets 3,082 3,632
Goodwill 64,122 65,308
Intangible assets, net 84,760 90,437
Deferred income tax assets 1,209 1,218
Other assets 2,831 3,720
Total assets 498,389 519,451
Current liabilities:    
Accounts payable 35,818 35,099
Accrued expenses and other current liabilities 41,073 41,856
Income taxes payable 170 2,276
Accrued sales incentives 24,036 21,778
Contingent consideration, current (Note 2) 0 4,500
Final arbitration award payable (Note 23) 46,738 43,388
Contract liabilities, current 3,341 3,990
Current portion of long-term debt 500 500
Total current liabilities 151,676 153,387
Long-term debt, net of debt issuance costs 47,088 37,513
Finance lease liabilities, less current portion 319 63
Operating lease liabilities, less current portion 2,192 2,509
Deferred compensation 909 1,053
Deferred income tax liabilities 4,777 4,855
Other tax liabilities 768 966
Prepaid ownership interest in EyeLock LLC due to GalvanEyes LLC (Note 20) 9,817 7,317
Other long-term liabilities 2,120 2,947
Total liabilities 219,666 210,610
Commitments and contingencies (Note 23)
Redeemable equity (Note 8) 4,087 4,018
Redeemable non-controlling interest (Note 2) (2,691) 232
Stockholders' equity:    
Preferred stock:
Paid-in capital 297,220 296,577
Retained earnings 79,232 97,997
Accumulated other comprehensive loss (17,405) (18,680)
Less: Treasury stock, at cost, 4,009,575 and 3,370,657 shares of Class A Common Stock at August 31, 2023 and February 28, 2023, respectively (38,940) (30,285)
Less: Redeemable equity (4,087) (4,018)
Total VOXX International Corporation stockholders' equity 316,288 341,859
Non-controlling interest (38,961) (37,268)
Total stockholders' equity 277,327 304,591
Total liabilities, redeemable equity, redeemable non-controlling interest, and stockholders' equity 498,389 519,451
Common Class A [Member]    
Stockholders' equity:    
Common stock 246 246
Common Class B [Member]    
Stockholders' equity:    
Common stock $ 22 $ 22