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Other (Expense) Income
6 Months Ended
Aug. 31, 2020
Other Income And Expenses [Abstract]  
Other (Expense) Income

(18)

Other (Expense) Income

Other (expense) income is comprised of the following:

 

 

 

Three months ended

August 31,

 

 

Six months ended

August 31,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Foreign currency (loss) gain

 

$

(363

)

 

$

130

 

 

$

(479

)

 

$

236

 

Interest income

 

 

(15

)

 

 

225

 

 

 

71

 

 

 

615

 

Rental income

 

 

182

 

 

 

142

 

 

 

368

 

 

 

284

 

Miscellaneous

 

 

(196

)

 

 

50

 

 

 

182

 

 

 

1,056

 

Total other, net

 

$

(392

)

 

$

547

 

 

$

142

 

 

$

2,191

 

 

The decrease in interest income for the three and six months ended August 31, 2020 as compared to the prior year periods primarily relates to the decrease in interest rates applicable to the Company’s short-term money market investments. Included within miscellaneous for the six months ended August 31, 2020 are the proceeds from a key man life insurance policy in the amount of $420 related to a Company executive who passed away during the first quarter of Fiscal 2021. For the six months ended August 31, 2019, miscellaneous included proceeds from a key man life insurance policy in the amount of $1,000 related to a former employee of Klipsch Group, Inc. that Voxx became the beneficiary of in conjunction with the acquisition of Klipsch in Fiscal 2012.