As of November 30, 2019 and February 28, 2019, 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.

	November 30, 2019		February 28, 2019
Current assets	$	48,585	$	45,135
Non-current assets		5,509		6,124
Liabilities		11,316		7,489
Members' equity		42,778		43,770

	Nine months ended November 30,
	2019		2018
Net sales	$	75,962	$	76,753
Gross profit		23,345		24,753
Operating income		7,083		10,148
Net income		7,344		10,292

The Company's share of income from ASA was $967 and $3,672 for the three and nine months ended November 30, 2019, and $1,695 and $5,146 for the three and nine months ended November 30, 2018. The decrease in ASA’s operating and net income for the three and nine months ended November 30, 2019 compared to the prior year period is primarily a result of the impact of tariffs, an increase in warranty costs, as well as due to certain product recall expenses incurred in the current year that were not present in the prior year.