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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2022
Feb. 28, 2022
Current assets:    
Cash and cash equivalents $ 8,477 $ 27,788
Accounts receivable, net 91,882 105,625
Inventory 192,996 174,922
Receivables from vendors 138 363
Prepaid expenses and other current assets 20,397 21,340
Income tax receivable 7,943 734
Total current assets 321,833 330,772
Investment securities 1,167 1,231
Equity investment 22,444 21,348
Property, plant and equipment, net 47,903 49,794
Operating lease, right of use asset 3,905 4,464
Goodwill 72,375 74,320
Intangible assets, net 92,993 101,450
Deferred income tax assets 38 40
Other assets 3,748 3,245
Total assets 566,406 586,664
Current liabilities:    
Accounts payable 48,734 76,665
Accrued expenses and other current liabilities 44,486 54,659
Income taxes payable 2,080 2,714
Accrued sales incentives 25,466 23,755
Interim arbitration award payable (see Note 23) 42,403 39,444
Contract liabilities, current 3,796 4,373
Current portion of long-term debt 500 2,406
Total current liabilities 167,465 204,016
Long-term debt, net of debt issuance costs 45,860 9,786
Finance lease liabilities, less current portion 94 78
Operating lease liabilities, less current portion 2,735 3,298
Deferred compensation 1,167 1,231
Contingent consideration, less current portion (see Note 2) 5,209 5,750
Deferred income tax liabilities 5,228 5,300
Other tax liabilities 929 1,083
Prepaid ownership interest in EyeLock LLC due to GalvanEyes LLC (see Note 20) 6,068 2,451
Other long-term liabilities 3,144 3,508
Total liabilities 237,899 236,501
Commitments and contingencies (see Note 23)
Redeemable equity (see Note 8) 3,996 3,550
Redeemable non-controlling interest (see Note 2) (932) 511
Stockholders' equity:    
Preferred stock:
Paid-in capital 296,456 300,453
Retained earnings 117,251 126,573
Accumulated other comprehensive loss (19,851) (17,503)
Less: Treasury stock, at cost, 2,862,218 shares of Class A Common Stock at both November 30, 2022 and February 28, 2022 (27,913) (25,138)
Less: Redeemable equity (3,996) (3,550)
Total VOXX International Corporation stockholders' equity 362,215 381,102
Non-controlling interest (36,772) (35,000)
Total stockholders' equity 325,443 346,102
Total liabilities, redeemable equity, redeemable non-controlling interest, and stockholders' equity 566,406 586,664
Common Class A [Member]    
Stockholders' equity:    
Common stock 246 245
Common Class B [Member]    
Stockholders' equity:    
Common stock $ 22 $ 22