Net Loss Per Common Share

3 Months Ended

May 31, 2024

Net Income Per Common Share [Abstract]

Net Loss Per Common Share

(3) Net Loss Per Common Share

Basic net loss per common share attributable to VOXX International Corporation is calculated by dividing net income attributable to Voxx, adjusted to reflect changes in the redemption value of redeemable non-controlling interest, by the weighted-average common shares outstanding during the period. The diluted net loss per common share computation reflects the potential dilution that would occur if common stock equivalent securities or other contracts to issue common stock were exercised or converted into common stock.

A reconciliation between the denominator of basic and diluted net loss per common share is as follows:

	Three months ended May 31,
	2024		2023
Weighted-average common shares outstanding (basic)		23,139,876		23,795,718
Effect of dilutive securities:
Restricted stock units, market stock units, and stock grants		-		-
Weighted-average common shares and potential common shares outstanding (diluted)		23,139,876		23,795,718

Restricted stock units, market stock units, and stock grants of 267,209 and 295,582 for the three months ended May 31, 2024 and 2023, respectively, were not included in the net loss per diluted share calculation because the grant prices of the restricted stock units, market stock units, and stock grants were greater than the average market price of the Company’s common stock during these periods, or the inclusion of these components would have been anti-dilutive.