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Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Nov. 30, 2021
Nov. 30, 2020
Income Statement [Abstract]        
Net sales $ 191,871 $ 201,065 $ 472,040 $ 401,084
Cost of sales 140,167 142,937 346,455 284,905
Gross profit 51,704 58,128 125,585 116,179
Operating expenses:        
Selling 13,864 13,176 37,169 30,976
General and administrative 20,049 21,104 56,609 51,398
Engineering and technical support 9,706 5,676 23,824 14,942
Acquisition costs 287 24 3,279 270
Total operating expenses 43,906 39,980 120,881 97,586
Operating (loss) income 7,798 18,148 4,704 18,593
Other (expense) income:        
Interest and bank charges (730) (471) (1,840) (2,280)
Equity in income of equity investee 2,206 1,761 6,964 4,506
Interim arbitration award (see Note 24) (39,444)   (39,444)  
Investment gain (see Note 4)   42   42
Other, net (143) 294 675 753
Total other (expense) income, net (38,111) 1,626 (33,645) 3,021
(Loss) income before income taxes (30,313) [1] 19,774 (28,941) [1] 21,614
Income tax (benefit) expense (641) 2,334 (374) 6,724
Net (loss) income (29,672) 17,440 (28,567) 14,890
Less: net loss attributable to non-controlling interest (1,551) (811) (3,473) (2,429)
Net (loss) income attributable to VOXX International Corporation (28,121) 18,251 (25,094) 17,319
Other comprehensive income (loss):        
Foreign currency translation adjustments (1,835) 79 (2,797) 3,608
Derivatives designated for hedging 184 (43) 466 (514)
Pension plan adjustments 36 (6) 59 (85)
Other comprehensive (loss) income, net of tax (1,615) 30 (2,272) 3,009
Comprehensive (loss) income attributable to VOXX International Corporation $ (29,736) $ 18,281 $ (27,366) $ 20,328
(Loss) income per share - basic: Attributable to VOXX International Corporation $ (1.16) $ 0.75 $ (1.03) $ 0.72
(Loss) income per share - diluted: Attributable to VOXX International Corporation $ (1.16) $ 0.74 $ (1.03) $ 0.71
Weighted-average common shares outstanding (basic) 24,289,909 24,197,786 24,279,084 24,196,393
Weighted-average common shares outstanding (diluted) 24,289,909 24,677,525 24,279,084 24,532,329
[1]

Included within Corporate/Eliminations for the three and nine months ended November 30, 2021 is a charge of $39,444 recorded for an interim arbitration award unfavorable to the Company (see Note 24).