Net Income (Loss) Per Common Share

9 Months Ended

Nov. 30, 2024

Net Income Per Common Share [Abstract]

(4) Net Income (Loss) Per Common Share

Basic net (loss) income per common share attributable to VOXX International Corporation is calculated by dividing net income (loss) 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) income 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) income per common share is as follows:


	Three months ended November 30,				Nine months ended November 30,
	2024		2023		2024		2023
Weighted-average common shares outstanding (basic)		23,160,541		23,270,834		23,141,960		23,510,578
Effect of dilutive securities:
Restricted stock units, market stock units, and stock grants		—		196,188		-		-
Weighted-average common shares and potential common shares outstanding (diluted)		23,160,541		23,467,022		23,141,960		23,510,578

Restricted stock units, market stock units, and stock grants of 457,234 and 9,266 for the three months ended November 30, 2024 and 2023, respectively, and 328,468 and 304,260 for the nine months ended November 30, 2024 and 2023, respectively, were not included in the net (loss) income 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.