Acquisitions (Tables)

9 Months Ended

Nov. 30, 2021

Directed LLC and Directed Electronics Canada Inc [Member]

Summary of Allocation of Purchase Price for Fair Value of Assets Acquired and Liabilities Assumed

The following summarizes the allocation of the purchase price based upon the fair value of the assets acquired and liabilities assumed at the date of acquisition:

	July 1, 2020		Measurement Period Adjustments			July 1, 2020 (as adjusted)
Assets acquired:
Inventory	$	7,054		956			8,010
Accounts receivable		5,173		357			5,530
Other current assets		160		-			160
Property and equipment		2,815		-			2,815
Operating lease, right of use asset		1,771		-			1,771
Customer relationships		2,600		(100	)		2,500
Trademarks		4,500		-			4,500
Patented technology		1,030		-			1,030
Goodwill		3,290		(1,690	)		1,600
Total assets acquired	$	28,393	$	(477	)	$	27,916
Liabilities assumed:
Accounts payable		8,144		-			8,144
Accrued expenses		1,406		(136	)		1,270
Contract liabilities		4,872		11			4,883
Warranty accrual		1,200		(352	)		848
Operating lease liability		1,771		-			1,771
Total	$	17,393	$	(477	)	$	16,916
Total purchase price	$	11,000	$	-		$	11,000

Onkyo Home Entertainment Corporation [Member]

Summary of Allocation of Purchase Price for Fair Value of Assets Acquired and Liabilities Assumed

The following summarizes the preliminary allocation of the purchase price based upon the fair value of the assets acquired at the date of acquisition:

	September 8, 2021
Purchase price:
Cash paid	$	21,989
Assignment of notes and interest receivable		8,417
Fair value of contingent consideration		6,710
Total transaction consideration	$	37,116
Allocation:
Intangible assets	$	26,929
Goodwill		10,187
Total assets acquired	$	37,116

Rollforward of the Redeemable Non-controlling Interest

The following table provides the rollforward of the redeemable non-controlling interest for the nine months ended November 30, 2021:

	Redeemable Non-controlling Interest
Balance at February 28, 2021	$	-
Initial investment by Sharp		2,069
Net loss attributable to non-controlling interest		(714	)
Balance at November 30, 2021	$	1,355