Equity Investment

9 Months Ended

Nov. 30, 2021

Equity Method Investment Summarized Financial Information [Abstract]

Equity Investment

(12) Equity Investment

As of November 30, 2021 and February 28, 2021, 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, 2021		February 28, 2021
Current assets	$	50,885	$	49,956
Non-current assets		4,932		4,757
Liabilities		10,561		8,179
Members' equity		45,256		46,534

	Nine months ended November 30,
	2021		2020
Net sales	$	91,153	$	67,940
Gross profit		22,976		16,749
Operating income		13,867		8,761
Net income		13,928		9,012

The Company's share of income from ASA was $2,206 and $6,964 for the three and nine months ended November 30, 2021, respectively, compared to $1,761 and $4,506 for the three and nine months ended November 30, 2020, respectively.