Equity Investment

9 Months Ended

Nov. 30, 2020

Equity Method Investment Summarized Financial Information [Abstract]

Equity Investment

(12) Equity Investment

As of November 30, 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.

	November 30, 2020		February 29, 2020
Current assets	$	49,755	$	47,738
Non-current assets		4,755		5,453
Liabilities		10,146		9,343
Members' equity		44,364		43,848

	Nine months ended November 30,
	2020		2019
Net sales	$	67,940	$	75,962
Gross profit		21,514		23,345
Operating income		8,761		7,083
Net income		9,012		7,344

The Company's share of income from ASA was $1,761 and $4,506 for the three and nine months ended November 30, 2020, respectively, and $967 and $3,672 for the three and nine months ended November 30, 2019, respectively.