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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2019
Feb. 28, 2019
Current assets:    
Cash and cash equivalents $ 32,156 $ 58,236
Accounts receivable, net 93,356 73,391
Inventory, net 111,089 102,379
Receivables from vendors 218 1,009
Prepaid expenses and other current assets 10,623 10,449
Income tax receivable 578 921
Total current assets 248,020 246,385
Investment securities 2,554 2,858
Equity investment 21,389 21,885
Property, plant and equipment, net 51,350 60,493
Operating lease, right of use asset 2,773 0
Goodwill 54,785 54,785
Intangible assets, net 114,006 119,449
Deferred income tax assets 78 79
Other assets 1,695 2,877
Total assets 496,650 508,811
Current liabilities:    
Accounts payable 34,445 31,143
Accrued expenses and other current liabilities 37,158 39,129
Income taxes payable 2,072 1,349
Accrued sales incentives 16,667 13,574
Current portion of long-term debt 1,165 10,021
Total current liabilities 91,507 95,216
Long-term debt, net of debt issuance costs 6,019 5,776
Finance lease liabilities, less current portion 855 516
Operating lease liabilities, less current portion 2,127 0
Deferred compensation 2,554 2,605
Deferred income tax liabilities 4,921 5,284
Other tax liabilities 1,125 1,332
Other long-term liabilities 2,401 2,981
Total liabilities 111,509 113,710
Commitments and contingencies (see Note 24) 0 0
Redeemable equity (see Note 7) 2,124 0
Stockholders' equity:    
Preferred stock: 0 0
Paid-in capital 298,760 296,946
Retained earnings 143,934 148,582
Accumulated other comprehensive loss (18,511) (16,944)
Stockholders equity including treasury stock and redeemable equity 424,449 428,848
Less: Treasury stock, at cost, 2,594,859 and 2,168,094 shares of Class A Common Stock at November 30, 2019 and February 28, 2019, respectively (23,216) (21,176)
Less: Redeemable equity (2,124) 0
Total VOXX International Corporation stockholders' equity 399,109 407,672
Non-controlling interest (16,092) (12,571)
Total stockholders' equity 383,017 395,101
Total liabilities, redeemable equity, and stockholders' equity 496,650 508,811
Common Class A [Member]    
Stockholders' equity:    
Common stock 244 242
Common Class B [Member]    
Stockholders' equity:    
Common stock $ 22 $ 22