Equity Investments Level 1 (Notes)

3 Months Ended

May 31, 2016

Equity Method Investments Disclosure [Text Block]

Equity Investment

As of May 31, 2016 and February 29, 2016, the Company had 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.



	May 31, 2016		February 29, 2016
Current assets	$	45,481	$	44,097
Non-current assets	5,585		5,658
Current liabilities	6,624		5,857
Members' equity	44,442		43,898
	Three Months Ended May 31,
	2016		2015
Net sales	$	24,975	$	24,882
Gross profit	7,897		7,429
Operating income	3,607		3,226
Net income	3,616		3,236

The Company's share of income from ASA was $1,808 and $1,618 for the three months ended May 31, 2016 and 2015, respectively.