Acquisitions Acquisitions Level 1 (Notes)

3 Months Ended

May 31, 2017

Acquisitions [Abstract]

Business Combination Disclosure [Text Block]

(2)    Acquisitions and Divestitures

Rosen Electronics LLC

On April 6, 2017, Voxx acquired the inventory and all intellectual property, including patents and trademarks of Rosen Electronics LLC. As consideration for the Rosen asset purchase, the Company paid $1,814. In addition, the Company agreed to pay a 2% royalty related to future net sales of Rosen products for three years.

Rosen's results of operations have been included in the consolidated financial statements from the date of acquisition. The purpose of this acquisition was to increase the Company's market share and strengthen its intellectual property related to the rear seat entertainment market.

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

Assets acquired:
Inventory	$	2,310
Intangible assets including trademarks, customer relationships and patents	604
Total assets acquired	$	2,914
Liabilities assumed:
Warranty accrual	$	500
Other liabilities acquired	600
Total	$	1,100
Total purchase price	$	1,814

Hirschmann Car Communication GmbH

On June 25, 2017, the Company entered into a definitive agreement to sell Hirschmann Car Communication GmbH and its subsidiaries. See Note 24 for more details of this subsequent event.