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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2020
Feb. 29, 2020
Current assets:    
Cash and cash equivalents $ 45,889 $ 37,425
Accounts receivable, net 104,613 69,714
Inventory 126,407 99,110
Receivables from vendors 567 230
Prepaid expenses and other current assets 14,294 10,885
Income tax receivable 443 456
Total current assets 292,213 217,820
Investment securities 1,838 2,282
Equity investment 22,305 21,924
Property, plant and equipment, net 52,846 51,424
Operating lease, right of use asset 4,990 3,143
Goodwill 58,383 55,000
Intangible assets, net 94,350 88,288
Deferred income tax assets 56 52
Other assets 1,524 1,638
Total assets 528,505 441,571
Current liabilities:    
Accounts payable 58,376 22,096
Accrued expenses and other current liabilities 45,743 34,046
Income taxes payable 2,424 1,523
Accrued sales incentives 17,543 12,250
Contract liabilities, current 4,486 0
Current portion of long-term debt 959 1,107
Total current liabilities 129,531 71,022
Long-term debt, net of debt issuance costs 26,319 6,099
Finance lease liabilities, less current portion 490 720
Operating lease liabilities, less current portion 3,996 2,391
Contract liabilities, less current portion 1,070 0
Deferred compensation 1,838 2,282
Deferred income tax liabilities 6,786 3,828
Other tax liabilities 1,094 1,225
Other long-term liabilities 6,130 3,294
Total liabilities 177,254 90,861
Commitments and contingencies (see Note 25) 0 0
Redeemable equity (see Note 8) 2,767 2,481
Stockholders' equity:    
Preferred stock: 0 0
Paid-in capital 299,339 299,228
Retained earnings 121,207 122,139
Accumulated other comprehensive loss (16,076) (19,055)
Less: Treasury stock, at cost, 2,749,218 shares of Class A Common Stock at both August 31, 2020 and February 29, 2020 (23,918) (23,918)
Less: Redeemable equity (2,767) (2,481)
Total VOXX International Corporation stockholders' equity 378,052 376,179
Non-controlling interest (29,568) (27,950)
Total stockholders' equity 348,484 348,229
Total liabilities, redeemable equity, and stockholders' equity 528,505 441,571
Common Class A [Member]    
Stockholders' equity:    
Common stock 245 244
Common Class B [Member]    
Stockholders' equity:    
Common stock $ 22 $ 22