XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2021
Feb. 28, 2021
Current assets:    
Cash and cash equivalents $ 21,162 $ 59,404
Accounts receivable, net 131,811 106,165
Inventory 166,361 130,793
Receivables from vendors 398 277
Prepaid expenses and other current assets 24,935 22,266
Income tax receivable 431 434
Total current assets 345,098 319,339
Investment securities 1,440 1,777
Equity investment 22,628 23,267
Property, plant and equipment, net 50,692 52,026
Operating lease, right of use asset 4,010 4,572
Goodwill 66,913 58,311
Intangible assets, net 111,293 90,104
Deferred income tax assets 95 99
Other assets 946 1,323
Total assets 603,115 550,818
Current liabilities:    
Accounts payable 78,274 61,826
Accrued expenses and other current liabilities 64,782 53,392
Income taxes payable 1,172 1,587
Accrued sales incentives 31,450 25,313
Interim arbitration award payable (see Note 24) 39,444 0
Contract liabilities, current 3,713 4,178
Current portion of long-term debt 2,091 500
Total current liabilities 220,926 146,796
Long-term debt, net of debt issuance costs 9,925 5,962
Finance lease liabilities, less current portion 117 302
Operating lease liabilities, less current portion 3,073 3,582
Deferred compensation 1,440 1,777
Contingent consideration, less current portion (see Note 2) 5,582 0
Deferred income tax liabilities 6,128 6,645
Other tax liabilities 1,002 1,170
Other long-term liabilities 5,790 5,255
Total liabilities 253,983 171,489
Commitments and contingencies (see Note 24)
Redeemable equity (see Note 8) 3,448 3,260
Redeemable non-controlling interest (see Note 2) 1,355 0
Stockholders' equity:    
Preferred stock: 0 0
Paid-in capital 300,240 300,402
Retained earnings 123,812 148,906
Accumulated other comprehensive loss (17,249) (14,977)
Less: Treasury stock, at cost, 2,862,218 and 2,749,218 shares of Class A Common Stock at November 31, 2021 and February 28, 2021, respectively (25,138) (23,918)
Less: Redeemable equity (3,448) (3,260)
Total VOXX International Corporation stockholders' equity 378,484 407,420
Non-controlling interest (34,155) (31,351)
Total stockholders' equity 344,329 376,069
Total liabilities, redeemable equity, redeemable non-controlling interest, and stockholders' equity 603,115 550,818
Common Class A [Member]    
Stockholders' equity:    
Common stock 245 245
Common Class B [Member]    
Stockholders' equity:    
Common stock $ 22 $ 22