Equity Investment

6 Months Ended

Aug. 31, 2020

Equity Method Investment Summarized Financial Information [Abstract]

Equity Investment

(12) Equity Investment

As of August 31, 2020 and February 29, 2020, the Company has a 50% non-controlling ownership interest in ASA Electronics, LLC and Subsidiary (“ASA") which acts as a distributor of mobile electronics specifically designed for niche markets within the automotive industry, including RV's; buses; and commercial, heavy duty, agricultural, construction, powersport, and marine vehicles.

The following presents summary financial information for ASA. Such summary financial information has been provided herein based upon the individual significance of ASA to the consolidated financial information of the Company.

	August 31, 2020		February 29, 2020
Current assets	$	48,675	$	47,738
Non-current assets		5,130		5,453
Liabilities		9,195		9,343
Members' equity		44,610		43,848

	Six months ended August 31,
	2020		2019
Net sales	$	40,858	$	50,281
Gross profit		14,150		15,542
Operating income		5,345		5,227
Net income		5,490		5,410

The Company's share of income from ASA was $1,883 and $2,745 for the three and six months ended August 31, 2020, respectively, and $1,265 and $2,705 for the three and six months ended August 31, 2019, respectively.