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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2019
Feb. 28, 2019
Current assets:    
Cash and cash equivalents $ 39,294 $ 58,236
Accounts receivable, net 68,371 73,391
Inventory, net 114,568 102,379
Receivables from vendors 366 1,009
Prepaid expenses and other current assets 9,605 10,449
Income tax receivable 1,239 921
Total current assets 233,443 246,385
Investment securities 2,518 2,858
Equity investment 21,688 21,885
Property, plant and equipment, net 59,864 60,493
Operating lease, right of use asset 2,301 0
Goodwill 54,785 54,785
Intangible assets, net 115,769 119,449
Deferred income tax assets 78 79
Other assets 1,937 2,877
Total assets 492,383 508,811
Current liabilities:    
Accounts payable 33,844 31,143
Accrued expenses and other current liabilities 36,352 39,129
Income taxes payable 1,099 1,349
Accrued sales incentives 10,948 13,574
Current portion of long-term debt 6,665 10,021
Total current liabilities 88,908 95,216
Long-term debt, net of debt issuance costs 5,958 5,776
Finance lease liabilities, less current portion 974 516
Operating lease liabilities, less current portion 1,762 0
Deferred compensation 2,517 2,605
Deferred income tax liabilities 4,015 5,284
Other tax liabilities 1,128 1,332
Other long-term liabilities 2,481 2,981
Total liabilities 107,743 113,710
Commitments and contingencies (see Note 24) 0 0
Redeemable equity (see Note 7) 1,770 0
Stockholders' equity:    
Preferred stock: 0 0
Paid-in capital 298,289 296,946
Retained earnings 141,470 148,582
Accumulated other comprehensive loss (18,231) (16,944)
Stockholders equity including treasury stock and redeemable equity 421,794 428,848
Less: Treasury stock, at cost, 2,376,406 and 2,168,094 shares of Class A Common Stock at August 31, 2019 and February 28, 2019, respectively (22,159) (21,176)
Less: Redeemable equity (1,770) 0
Total VOXX International Corporation stockholders' equity 397,865 407,672
Non-controlling interest (14,995) (12,571)
Total stockholders' equity 382,870 395,101
Total liabilities, redeemable equity, and stockholders' equity 492,383 508,811
Common Class A [Member]    
Stockholders' equity:    
Common stock 244 242
Common Class B [Member]    
Stockholders' equity:    
Common stock $ 22 $ 22