Revenue from Contracts with Customers

12 Months Ended

Feb. 28, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

14)Revenue from Contracts with Customers

The Company operates in three reportable segments: Automotive Electronics, Consumer Electronics, and Biometrics. ASC Topic 606 requires further disaggregation of an entity’s revenue. In the following table, the Company's net sales are disaggregated by segments and product type for the years ended February 28, 2023, February 28, 2022, and February 28, 2021.

	Year Ended February 28,		Year Ended February 28,		Year Ended February 29,
	2023		2022		2021
Automotive Electronics Segment
OEM Products	$	72,979	$	65,017	$	46,170
Aftermarket Products		101,832		135,577		117,733
Total Automotive Electronics Segment		174,811		200,594		163,903
Consumer Electronics Segment
Premium Audio Products		274,544		343,991		299,908
Other Consumer Electronic Products		83,214		89,934		98,355
Total Consumer Electronics Segment		357,758		433,925		398,263
Biometrics Segment
Biometric Products		1,046		882		836
Total Biometrics Segment		1,046		882		836
Corporate/Eliminations		399		519		603
Total Net Sales	$	534,014	$	635,920	$	563,605

As of February 28, 2023 and February 28, 2022, the balance of the Company's return asset was $2,513 and $2,619, respectively, and the balance of the refund liability was $5,181 and $5,469, respectively, which are presented within Prepaid expenses and other current assets and Accrued expenses and other current liabilities, respectively, on the Consolidated Balance Sheets.

The Company had current and non-current contract liability balances totaling $4,818 at February 28, 2023 related to telematic subscription services. The following table provides a reconciliation of the Company’s contract liabilities as of February 28, 2023:

Balance at February 28, 2022	$	5,412
Subscription payments received		6,775
Revenue recognized		(7,369	)
Balance at February 28, 2023	$	4,818

The Company had no contract asset balances at February 28, 2023 or February 28, 2022.