Revenue from Contracts with Customers

12 Months Ended

Feb. 29, 2024

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

14)Revenue from Contracts with Customers

The Company operates in three reportable segments: Automotive Electronics, Consumer Electronics, and Biometrics. ASC Topic 606 requires further disaggregation of an entity’s revenue. In the following table, the Company's net sales are disaggregated by segments and product type for the years ended February 29, 2024, February 28, 2023, and February 28, 2022.

	Year Ended February 29,			Year Ended February 29,		Year Ended February 29,
	2024			2023		2022
Automotive Electronics Segment
OEM Products	$	58,273		$	72,979	$	65,017
Aftermarket Products		84,068			101,832		135,577
Total Automotive Electronics Segment		142,341			174,811		200,594
Consumer Electronics Segment
Premium Audio Products		237,921			274,544		343,991
Other Consumer Electronic Products		88,697			83,214		89,934
Total Consumer Electronics Segment		326,618			357,758		433,925
Biometrics Segment
Biometric Products		531			1,046		882
Total Biometrics Segment		531			1,046		882
Corporate/Eliminations		(579	)		399		519
Total Net Sales	$	468,911		$	534,014	$	635,920

As of February 29, 2024 and February 28, 2023, the balance of the Company's return asset was $1,683 and $2,513, respectively, and the balance of the refund liability was $3,648 and $5,181, respectively, which are presented within Prepaid expenses and other current assets and Accrued expenses and other current liabilities, respectively, on the Consolidated Balance Sheets.

The Company had current and non-current contract liability balances totaling $4,419 at February 29, 2024 related to telematic subscription services. The following table provides a reconciliation of the Company’s contract liabilities as of February 29, 2024:

Balance at February 28, 2023	$	4,818
Subscription payments received		6,559
Revenue recognized		(6,958	)
Balance at February 29, 2024	$	4,419

Contract liabilities totaling $3,990 at February 28, 2023 were recognized during the year ended February 29, 2024. $3,810 of the total contract liability balance at February 29, 2024 will be recognized during the next twelve months. The Company had no contract asset balances at February 29, 2024 or February 28, 2023.