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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2020
Feb. 29, 2020
Current assets:    
Cash and cash equivalents $ 21,337 $ 37,425
Accounts receivable, net 155,322 69,714
Inventory 138,607 99,110
Receivables from vendors 251 230
Prepaid expenses and other current assets 17,880 10,885
Income tax receivable 454 456
Total current assets 333,851 217,820
Investment securities 1,827 2,282
Equity investment 22,182 21,924
Property, plant and equipment, net 52,124 51,424
Operating lease, right of use asset 4,811 3,143
Goodwill 58,928 55,000
Intangible assets, net 92,797 88,288
Deferred income tax assets 56 52
Other assets 1,413 1,638
Total assets 567,989 441,571
Current liabilities:    
Accounts payable 80,177 22,096
Accrued expenses and other current liabilities 55,695 34,046
Income taxes payable 3,166 1,523
Accrued sales incentives 27,883 12,250
Contract liabilities, current 3,396 0
Current portion of long-term debt 500 1,107
Total current liabilities 170,817 71,022
Long-term debt, net of debt issuance costs 5,973 6,099
Finance lease liabilities, less current portion 386 720
Operating lease liabilities, less current portion 3,813 2,391
Contract liabilities, less current portion 1,016 0
Deferred compensation 1,827 2,282
Deferred income tax liabilities 7,975 3,828
Other tax liabilities 1,123 1,225
Other long-term liabilities 5,570 3,294
Total liabilities 198,500 90,861
Commitments and contingencies (see Note 25) 0 0
Redeemable equity (see Note 8) 2,959 2,481
Stockholders' equity:    
Preferred stock: 0 0
Paid-in capital 300,107 299,228
Retained earnings 139,458 122,139
Accumulated other comprehensive loss (16,046) (19,055)
Less: Treasury stock, at cost, 2,749,218 shares of Class A Common Stock at both November 30, 2020 and February 29, 2020 (23,918) (23,918)
Less: Redeemable equity (2,959) (2,481)
Total VOXX International Corporation stockholders' equity 396,909 376,179
Non-controlling interest (30,379) (27,950)
Total stockholders' equity 366,530 348,229
Total liabilities, redeemable equity, and stockholders' equity 567,989 441,571
Common Class A [Member]    
Stockholders' equity:    
Common stock 245 244
Common Class B [Member]    
Stockholders' equity:    
Common stock $ 22 $ 22