Acquisitions (Tables)

9 Months Ended

Nov. 30, 2020

Directed LLC and Directed Electronics Canada Inc [Member]

Summary of Allocation of Purchase Price for Fair Value of Assets Acquired and Liabilities Assumed

The following summarizes the allocation of the purchase price based upon the fair value of the assets acquired and liabilities assumed at the date of acquisition:

	July 1, 2020		Measurement Period Adjustments			July 1, 2020 (as adjusted)
Assets acquired:
Inventory	$	7,054		-			7,054
Accounts receivable		5,173		67			5,240
Other current assets		160		-			160
Property and equipment		2,815		-			2,815
Operating lease, right of use asset		1,771		-			1,771
Customer relationships		2,600		(100	)		2,500
Trademarks		4,500		-			4,500
Patented technology		1,030		-			1,030
Goodwill		3,290		55			3,345
Total assets acquired	$	28,393	$	22		$	28,415
Liabilities assumed:
Accounts payable		8,144		-			8,144
Accrued expenses		1,406		11			1,417
Contract liabilities		4,872		11			4,883
Warranty accrual		1,200		-			1,200
Operating lease liability		1,771		-			1,771
Total	$	17,393	$	22		$	17,415
Total purchase price	$	11,000	$	-		$	11,000

VSHC [Member]

Summary of Allocation of Purchase Price for Fair Value of Assets Acquired and Liabilities Assumed

The following summarizes the allocation of the purchase price based upon the fair value of the assets acquired and liabilities assumed at the date of acquisition:

	January 31, 2020		Measurement Period Adjustments			January 31, 2020 (as adjusted)
Assets acquired:
Inventory	$	6,982		(489	)		6,493
Accounts receivable		3,415		-			3,415
Right of use assets		483		-			483
Other current assets		145		-			145
Property and equipment		714		-			714
Customer relationships		5,460		-			5,460
Trademarks		560		-			560
Patented technology		280		-			280
Goodwill		215		583			798
Other non-current assets		3		-			3
Total assets acquired	$	18,257	$	94		$	18,351
Liabilities assumed:
Accounts payable		757		-			757
Accrued expenses		219		94			313
Lease liabilities		483		-			483
Warranty accrual		188		-			188
Total	$	1,647	$	94		$	1,741
Total purchase price	$	16,610	$	-		$	16,610