0001564590-21-000853 | 10-Q | XBRL Viewer

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Document and Entity Information Document - shares	9 Months Ended
Document and Entity Information Document - shares	Nov. 30, 2020	Jan. 08, 2021
Document Information [Line Items]
Entity Registrant Name	VOXX International Corporation
Title of 12(b) Security	Class A Common Stock $.01 par value
Entity Trading Symbol	VOXX
Security Exchange Name	NASDAQ
Entity Central Index Key	0000807707
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--02-28
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Nov. 30, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Address, State or Province	FL
Entity File Number	0-28839
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-1964841
Entity Address, Address Line One	2351 J Lawson Blvd
Entity Address, City or Town	Orlando
Entity Address, Postal Zip Code	32824
City Area Code	800
Local Phone Number	645-7750
Document Quarterly Report	true
Document Transition Report	false
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		21,666,976
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,260,954

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2020	Feb. 29, 2020
Current assets:
Cash and cash equivalents	$ 21,337	$ 37,425
Accounts receivable, net	155,322	69,714
Inventory	138,607	99,110
Receivables from vendors	251	230
Prepaid expenses and other current assets	17,880	10,885
Income tax receivable	454	456
Total current assets	333,851	217,820
Investment securities	1,827	2,282
Equity investment	22,182	21,924
Property, plant and equipment, net	52,124	51,424
Operating lease, right of use asset	4,811	3,143
Goodwill	58,928	55,000
Intangible assets, net	92,797	88,288
Deferred income tax assets	56	52
Other assets	1,413	1,638
Total assets	567,989	441,571
Current liabilities:
Accounts payable	80,177	22,096
Accrued expenses and other current liabilities	55,695	34,046
Income taxes payable	3,166	1,523
Accrued sales incentives	27,883	12,250
Contract liabilities, current	3,396	0
Current portion of long-term debt	500	1,107
Total current liabilities	170,817	71,022
Long-term debt, net of debt issuance costs	5,973	6,099
Finance lease liabilities, less current portion	386	720
Operating lease liabilities, less current portion	3,813	2,391
Contract liabilities, less current portion	1,016	0
Deferred compensation	1,827	2,282
Deferred income tax liabilities	7,975	3,828
Other tax liabilities	1,123	1,225
Other long-term liabilities	5,570	3,294
Total liabilities	198,500	90,861
Commitments and contingencies (see Note 25)	0	0
Redeemable equity (see Note 8)	2,959	2,481
Stockholders' equity:
Preferred stock:	0	0
Paid-in capital	300,107	299,228
Retained earnings	139,458	122,139
Accumulated other comprehensive loss	(16,046)	(19,055)
Less: Treasury stock, at cost, 2,749,218 shares of Class A Common Stock at both November 30, 2020 and February 29, 2020	(23,918)	(23,918)
Less: Redeemable equity	(2,959)	(2,481)
Total VOXX International Corporation stockholders' equity	396,909	376,179
Non-controlling interest	(30,379)	(27,950)
Total stockholders' equity	366,530	348,229
Total liabilities, redeemable equity, and stockholders' equity	567,989	441,571
Common Class A [Member]
Stockholders' equity:
Common stock	245	244
Common Class B [Member]
Stockholders' equity:
Common stock	$ 22	$ 22

Consolidated Balance Sheets (Parenthetical) - $ / shares	Nov. 30, 2020	Feb. 29, 2020
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Treasury stock, shares	2,749,218	2,749,218
Common Class A [Member]
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	60,000,000	60,000,000
Common stock, shares issued	24,416,194	24,306,194
Common stock, shares outstanding	21,666,976	21,556,976
Common Class B [Member]
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	10,000,000	10,000,000
Common stock, shares issued	2,260,954	2,260,954
Common stock, shares outstanding	2,260,954	2,260,954

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Income Statement [Abstract]
Net sales	$ 201,065	$ 110,112	$ 401,084	$ 293,812
Cost of sales	142,937	78,648	284,905	212,570
Gross profit	58,128	31,464	116,179	81,242
Operating expenses:
Selling	12,761	9,580	30,190	28,162
General and administrative	21,128	16,689	51,668	51,896
Engineering and technical support	5,676	5,059	14,942	15,901
Total operating expenses	39,565	31,328	96,800	95,959
Operating income (loss)	18,563	136	19,379	(14,717)
Other (expense) income:
Interest and bank charges	(471)	(751)	(2,334)	(2,635)
Equity in income of equity investee	1,761	967	4,506	3,672
Gain on sale of real property (see Note 19)		4,057		4,057
Investment gain (see Note 4)	42		42	775
Other, net	(121)	(322)	21	1,869
Total other income, net	1,211	3,951	2,235	7,738
Income (loss) before income taxes	19,774	4,087	21,614	(6,979)
Income tax expense	2,334	2,720	6,724	1,190
Net income (loss)	17,440	1,367	14,890	(8,169)
Less: net loss attributable to non-controlling interest	(811)	(1,097)	(2,429)	(3,521)
Net income (loss) attributable to VOXX International Corporation	18,251	2,464	17,319	(4,648)
Other comprehensive income (loss):
Foreign currency translation adjustments	79	(295)	3,608	(1,321)
Derivatives designated for hedging	(43)	13	(514)	(271)
Pension plan adjustments	(6)	2	(85)	25
Other comprehensive income (loss), net of tax	30	(280)	3,009	(1,567)
Comprehensive income (loss) attributable to VOXX International Corporation	$ 18,281	$ 2,184	$ 20,328	$ (6,215)
Income (loss) per share - basic: Attributable to VOXX International Corporation	$ 0.75	$ 0.10	$ 0.72	$ (0.19)
Income (loss) per share - diluted: Attributable to VOXX International Corporation	$ 0.74	$ 0.10	$ 0.71	$ (0.19)
Weighted-average common shares outstanding (basic)	24,197,786	24,418,313	24,196,393	24,458,926
Weighted-average common shares outstanding (diluted)	24,677,525	24,625,410	24,532,329	24,458,926

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Non-controlling Interests [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock [Member]	Redeemable Equity [Member]
Stockholders equity, beginning of period at Feb. 28, 2019	$ 395,101	$ (12,571)	$ 264	$ 296,946	$ 148,582	$ (16,944)	$ (21,176)	$ 0
Net loss	(2,372)	(1,224)	0	0	(1,148)	0	0	0
Other comprehensive income (loss), net of tax	(904)	0	0	0	0	(904)	0	0
Stock-based compensation expense	159	0	0	159	0	0	0	0
Stockholders equity, end of period at May. 31, 2019	391,984	(13,795)	264	297,105	147,434	(17,848)	(21,176)	0
Stockholders equity, beginning of period at Feb. 28, 2019	395,101	(12,571)	264	296,946	148,582	(16,944)	(21,176)	0
Net loss	(8,169)
Other comprehensive income (loss), net of tax	(1,567)
Reclassifications of stockholders' equity to redeemable equity (see Note 8)	745
Stockholders equity, end of period at Nov. 30, 2019	383,017	(16,092)	266	298,760	143,934	(18,511)	(23,216)	(2,124)
Stockholders equity, beginning of period at May. 31, 2019	391,984	(13,795)	264	297,105	147,434	(17,848)	(21,176)	0
Net loss	(7,164)	(1,200)	0	0	(5,964)	0	0	0
Other comprehensive income (loss), net of tax	(383)	0	0	0	0	(383)	0	0
Stock-based compensation expense	161	0	2	1,184	0	0	0	(1,025)
Reclassifications of stockholders' equity to redeemable equity (see Note 8)	(745)	0	0	0	0	0	0	(745)
Repurchase of common stock	(983)	0	0	0	0	0	(983)	0
Stockholders equity, end of period at Aug. 31, 2019	382,870	(14,995)	266	298,289	141,470	(18,231)	(22,159)	(1,770)
Net loss	1,367	(1,097)	0	0	2,464	0	0	0
Other comprehensive income (loss), net of tax	(280)	0	0	0	0	(280)	0	0
Stock-based compensation expense	117	0	0	471	0	0	0	(354)
Repurchase of common stock	(1,057)	0	0	0	0	0	(1,057)	0
Stockholders equity, end of period at Nov. 30, 2019	383,017	(16,092)	266	298,760	143,934	(18,511)	(23,216)	(2,124)
Stockholders equity, beginning of period at Feb. 29, 2020	348,229	(27,950)	266	299,228	122,139	(19,055)	(23,918)	(2,481)
Net loss	(9,105)	(833)	0	0	(8,272)	0	0	0
Other comprehensive income (loss), net of tax	313	0	0	0	0	313	0	0
Stock-based compensation expense	151	0	1	351	0	0	0	(201)
Stockholders equity, end of period at May. 31, 2020	339,588	(28,783)	267	299,579	113,867	(18,742)	(23,918)	(2,682)
Stockholders equity, beginning of period at Feb. 29, 2020	348,229	(27,950)	266	299,228	122,139	(19,055)	(23,918)	(2,481)
Net loss	14,890
Other comprehensive income (loss), net of tax	3,009
Reclassifications of stockholders' equity to redeemable equity (see Note 8)	478
Stockholders equity, end of period at Nov. 30, 2020	366,530	(30,379)	267	300,107	139,458	(16,046)	(23,918)	(2,959)
Stockholders equity, beginning of period at May. 31, 2020	339,588	(28,783)	267	299,579	113,867	(18,742)	(23,918)	(2,682)
Net loss	6,555	(785)	0	0	7,340	0	0	0
Other comprehensive income (loss), net of tax	2,666	0	0	0	0	2,666	0	0
Settlement of SERP restricted stock units	(575)	0	0	(575)	0	0	0	0
Stock-based compensation expense	250	0	0	335	0	0	0	(85)
Stockholders equity, end of period at Aug. 31, 2020	348,484	(29,568)	267	299,339	121,207	(16,076)	(23,918)	(2,767)
Net loss	17,440	(811)	0	0	18,251	0	0	0
Other comprehensive income (loss), net of tax	30	0	0	0	0	30	0	0
Stock-based compensation expense	576	0	0	768	0	0	0	(192)
Stockholders equity, end of period at Nov. 30, 2020	$ 366,530	$ (30,379)	$ 267	$ 300,107	$ 139,458	$ (16,046)	$ (23,918)	$ (2,959)

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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+ Details

Consolidated Statements of Stockholders' Equity (Parenthetical) (Unaudited) - shares	3 Months Ended
	Nov. 30, 2019	Aug. 31, 2019
Common Stock [Member]
Treasury Stock, Shares, Acquired	218,453	208,312

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019
Cash flows from operating activities:
Net income (loss)	$ 14,890	$ (8,169)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	8,224	9,229
Amortization of debt discount	508	617
Bad debt (recovery) expense	(385)	303
Reduction in the carrying amount of the right of use asset	836	668
Loss (gain) on forward contracts	61	(347)
Equity in income of equity investees	(4,506)	(3,672)
Distribution of income from equity investees	4,248	4,169
Deferred income tax expense (benefit)	4,187	(338)
Non-cash compensation adjustment	(455)	(51)
Stock based compensation expense	1,454	1,816
Gain on sale of property, plant, and equipment		(3,788)
Changes in operating assets and liabilities:
Accounts receivable	(78,692)	(20,880)
Inventory	(31,406)	(9,353)
Receivables from vendors	(19)	790
Prepaid expenses and other	(6,465)	528
Investment securities-trading	455	304
Accounts payable, accrued expenses, accrued sales incentives, contract liabilities, and other liabilities	83,049	3,379
Income taxes payable	1,388	908
Net cash used in operating activities	(2,628)	(23,887)
Cash flows from investing activities:
Purchases of property, plant, and equipment	(3,510)	(2,192)
Purchase of acquired business, less cash received	(11,000)
Proceeds from sale of property, plant, and equipment		11,951
Net cash (used in) provided by investing activities	(14,510)	9,759
Cash flows from financing activities:
Principal payments on finance lease obligation	(470)	(477)
Repayment of bank obligations	(20,375)	(9,046)
Borrowings on bank obligations	20,000
Deferred financing costs	(260)
Settlement of restricted stock units	(575)
Purchase of treasury stock		(2,040)
Net cash used in financing activities	(1,680)	(11,563)
Effect of exchange rate changes on cash	2,730	(389)
Net decrease in cash and cash equivalents	(16,088)	(26,080)
Cash and cash equivalents at beginning of period	37,425	58,236
Cash and cash equivalents at end of period	$ 21,337	$ 32,156

Basis of Presentation

9 Months Ended

Nov. 30, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Basis of Presentation

(1)	Basis of Presentation

The accompanying unaudited interim consolidated financial statements of VOXX International Corporation and Subsidiaries ("Voxx" or the "Company") have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission as defined in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 270 for interim financial information, and in accordance with accounting principles generally accepted in the United States of America (“GAAP”), and include all adjustments (consisting of normal recurring adjustments), which, in the opinion of management, are necessary to present fairly the consolidated financial position, results of operations, changes in stockholders’ equity, and cash flows for all periods presented. The results of operations are not necessarily indicative of the results to be expected for the full fiscal year or any interim period. These unaudited consolidated financial statements do not include all disclosures associated with consolidated financial statements prepared in accordance with GAAP. Accordingly, these statements should be read in conjunction with the Company's audited consolidated financial statements and notes thereto contained in the Company's Form 10-K for the fiscal year ended February 29, 2020. Certain amounts in the prior year have been reclassified to conform to the current year presentation.

We operate in three reportable segments: Automotive Electronics, Consumer Electronics, and Biometrics. See Note 23 for the Company's segment reporting disclosures.

Acquisitions

9 Months Ended

Nov. 30, 2020

Acquisitions And Dispositions [Abstract]

Acquisitions

(2)	Acquisitions

Directed LLC and Directed Electronics Canada, Inc. Acquisition

On July 1, 2020, the Company completed the acquisition of certain assets and liabilities, which comprise the aftermarket vehicle remote start and security systems and connected car solutions (telematics) businesses of Directed LLC and Directed Electronics Canada Inc. (collectively, with Directed LLC, “Directed”) via an asset purchase agreement. The acquired assets include inventory, accounts receivable, certain fixed assets, IT systems, and intellectual property. The cash purchase price was $11,000. Net sales from the Company’s newly formed subsidiaries, VOXX DEI LLC and VOXX DEI Canada, Ltd. (collectively, with VOXX DEI LLC, “DEI”), included in our consolidated results for the three and nine months ended November 30, 2020 represented approximately 11.8% and 7.1%, respectively, of our consolidated net sales. DEI’s results of operations are included in the consolidated financial statements of Voxx in our Automotive Electronics segment. The purpose of this acquisition was to expand the Company’s market share within the automotive electronics industry.

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		-			7,054
Accounts receivable		5,173		67			5,240
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		55			3,345
Total assets acquired	$	28,393	$	22		$	28,415

Liabilities assumed:
Accounts payable		8,144		-			8,144
Accrued expenses		1,406		11			1,417
Contract liabilities		4,872		11			4,883
Warranty accrual		1,200		-			1,200
Operating lease liability		1,771		-			1,771
Total	$	17,393	$	22		$	17,415
Total purchase price	$	11,000	$	-		$	11,000

The purchase allocation presented above is preliminary. We are in the process of refining the valuation of acquired assets and liabilities, including goodwill, and expect to finalize the purchase price allocation prior to June 30, 2021. During the three and nine months ended November 30, 2020, the Company recorded a cumulative net measurement period adjustment that increased goodwill by $55, as presented in the table above. The measurement period adjustment would have resulted in an insignificant decrease in amortization expense related to the customer relationships in the previous quarter. The Company made these measurement period adjustments to reflect facts and circumstances that existed as of the acquisition date and did not result from intervening events subsequent to such date. Goodwill was determined as the excess of the purchase price over the fair value of the assets acquired (including the identifiable intangible assets) and represents synergies expected.

Vehicle Safety Holdings Corp.

On January 31, 2020, the Company acquired certain assets and liabilities of Vehicle Safety Holdings Corp. (“VSHC”) via an asset purchase agreement for a preliminary purchase price of $16,610, which included $16,500 in cash and contingent consideration with a fair value of $110. Contingent consideration of up to a maximum of $750 is payable based upon the achievement of specified operating results, or the occurrence of certain events over the twelve-month period following the completion of the acquisition. Net sales from the Company’s newly formed subsidiary, VSM-Rostra, LLC (“VSM”) included in our consolidated results for the three and nine months ended November 30, 2020 represented approximately 3.2% and 4.3% of our consolidated net sales, respectively. VSM’s results of operations are included in the consolidated financial statements of Voxx in our Automotive Electronics segment. The purpose of this acquisition was to expand the Company’s product offerings and market share, as VSM is a leading developer, manufacturer, and distributor of safety electronics.

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:

	January 31, 2020		Measurement Period Adjustments			January 31, 2020 (as adjusted)
Assets acquired:
Inventory	$	6,982		(489	)		6,493
Accounts receivable		3,415		-			3,415
Right of use assets		483		-			483
Other current assets		145		-			145
Property and equipment		714		-			714
Customer relationships		5,460		-			5,460
Trademarks		560		-			560
Patented technology		280		-			280
Goodwill		215		583			798
Other non-current assets		3		-			3
Total assets acquired	$	18,257	$	94		$	18,351

Liabilities assumed:
Accounts payable		757		-			757
Accrued expenses		219		94			313
Lease liabilities		483		-			483
Warranty accrual		188		-			188
Total	$	1,647	$	94		$	1,741
Total purchase price	$	16,610	$	-		$	16,610

The purchase allocation presented above is preliminary. We are in the process of refining the valuation of acquired assets and liabilities, including goodwill, and expect to finalize the purchase price allocation prior to January 30, 2021. During the three and nine months ended November 30, 2020, the Company recorded a cumulative net measurement period adjustment that increased goodwill by $583, as presented in the table above. The measurement period adjustment had no impact on the results of the previous quarters. The Company made these measurement period adjustments to reflect facts and circumstances that existed as of the acquisition date and did not result from intervening events subsequent to such date. Goodwill was determined as the excess of the purchase price over the fair value of the assets acquired (including the identifiable intangible assets) and represents synergies expected.

Net Income (Loss) Per Common Share

9 Months Ended

Nov. 30, 2020

Net Income Per Common Share [Abstract]

Net Income (Loss) Per Common Share

(3)	Net Income (Loss) Per Common Share

Basic net income (loss) per common share, net of non-controlling interest, is based upon the weighted-average common shares outstanding during the period. Diluted net income (loss) per common share, net of non-controlling interest, reflects the potential dilution that would occur if common stock equivalent securities or other contracts to issue common stock were exercised or converted into common stock.

There are no reconciling items which impact the numerator of basic and diluted net income (loss) per common share. A reconciliation between the denominator of basic and diluted net income (loss) per common share is as follows:

	Three months ended November 30,				Nine months ended November 30,
	2020		2019		2020		2019
Weighted-average common shares outstanding (basic)		24,197,786		24,418,313		24,196,393		24,458,926
Effect of dilutive securities:
Restricted stock and stock grants		479,739		207,097		335,936		—
Weighted-average common shares and potential common shares outstanding (diluted)		24,677,525		24,625,410		24,532,329		24,458,926

Restricted stock and stock grants totaling 0 and 43,374 for the three months ended November 30, 2020 and 2019, respectively, and 17,009 and 672,531 for the nine months ended November 30, 2020 and 2019, respectively, were not included in the net income (loss) per diluted share calculation because the grant price of the restricted stock and stock grants was greater than the average market price of the Company’s common stock during these periods, or the inclusion of these components would have been anti-dilutive.

Investment Securities

9 Months Ended

Nov. 30, 2020

Investment Securities [Abstract]

Investment Securities

(4)	Investment Securities

As of November 30, 2020, and February 29, 2020, the Company had the following investments:

	November 30, 2020
	Fair Value
Investment Securities
Marketable Equity Securities
Mutual funds	$	1,827
Total Marketable Equity Securities		1,827
Total Investment Securities	$	1,827

	February 29, 2020
	Fair Value
Investment Securities
Marketable Equity Securities
Mutual funds	$	2,282
Total Marketable Securities		2,282
Total Investment Securities	$	2,282

Equity Securities

Mutual Funds

The Company’s mutual funds are held in connection with its deferred compensation plan. Changes in the carrying value of these securities are offset by changes in the corresponding deferred compensation liability.

Other Long-Term Investments

In July 2017, the Company sold its investment in RxNetworks, a non-controlled corporation, consisting of shares of the investee’s preferred stock. Voxx recognized a gain of $1,416 during Fiscal 2018 for the sale of this investment. A portion of the cash proceeds for the sale was subject to a hold-back provision, which was not included in the calculation of the gain recognized in Fiscal 2018, as it was considered a gain contingency. During the second quarter of Fiscal 2020, the hold-back provision expired, and the Company received additional proceeds from the sale in August 2019, recording an investment gain of $775 for the nine months ended November 30, 2019. In November 2020, a final disbursement of all remaining proceeds from the sale of RxNetworks attributable to Voxx was received in the amount of $42, which was recorded as an investment gain for the three and nine months ended November 30, 2020.

Fair Value Measurements and Derivatives

9 Months Ended

Nov. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurements and Derivatives

(5)	Fair Value Measurements and Derivatives

The Company applies the authoritative guidance on “Fair Value Measurements," which among other things, requires enhanced disclosures about assets and liabilities that are measured and reported at fair value. This guidance establishes a hierarchal disclosure framework that prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is impacted by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available active quoted prices, or for which fair value can be measured from actively quoted prices, generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.

Investments measured and reported at fair value are classified and disclosed in one of the following categories:

Level 1 - Quoted market prices in active markets for identical assets or liabilities.

Level 2 - Inputs other than Level 1 inputs that are either directly or indirectly observable.

Level 3 - Unobservable inputs developed using the Company's estimates and assumptions, which reflect those that market participants would use.

At November 30, 2020 and February 29, 2020, the Company did not have any assets or liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3).

The following table presents financial assets measured at fair value on a recurring basis at November 30, 2020:

				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash and cash equivalents:
Cash and money market funds	$	21,337		$	21,337	$	—
Derivatives:
Designated for hedging	$	(1,026	)	$	—	$	(1,026	)
Investment securities:
Mutual funds	$	1,827		$	1,827	$	—
Total investment securities	$	1,827		$	1,827	$	—

The following table presents financial assets and liabilities measured at fair value on a recurring basis at February 29, 2020:

				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash and cash equivalents:
Cash and money market funds	$	37,425		$	37,425	$	—
Derivatives:
Designated for hedging	$	(476	)	$	—	$	(476	)
Investment securities:
Mutual funds	$	2,282		$	2,282	$	—
Total investment securities	$	2,282		$	2,282	$	—

At November 30, 2020, the carrying value of the Company's accounts receivable, short-term debt, accounts payable, accrued expenses, bank obligations and long-term debt approximates fair value because of either (i) the short-term nature of the financial instrument; (ii) the interest rate on the financial instrument being reset every quarter to reflect current market rates; or (iii) the stated or implicit interest rate approximates the current market rates or are not materially different from market rates.

Derivative Instruments

The Company’s derivative instruments include forward foreign currency contracts and an interest rate swap agreement. The forward foreign currency contracts are utilized to hedge a portion of the Company’s foreign currency inventory purchases. The forward foreign currency derivatives qualifying for hedge accounting are designated as cash flow hedges and valued using observable forward rates for the same or similar instruments (Level 2). The duration of open forward foreign currency contracts ranges from 1 month to 15 months and are classified in the balance sheet according to their terms. The Company’s interest rate swap agreement hedges interest rate exposure related to the outstanding balance of its Florida Mortgage, with monthly payments due through March 2026. The swap agreement locks the interest rate on the debt at 3.48% (inclusive of credit spread) through the maturity date of the loan. Interest rate swap agreements qualifying for hedge accounting are designated as cash flow hedges and valued based on a

comparison of the change in fair value of the actual swap contracts designated as the hedging instruments and the change in fair value of a hypothetical swap contract (Level 2). We calculate the fair value of our interest rate swap agreement quarterly based on the quoted market price for the same or similar financial instruments. Interest rate swaps are classified in the balance sheet as either assets or liabilities based on the fair value of the instruments at the end of the period.

Financial Statement Classification

The following table discloses the fair value as of November 30, 2020 and February 29, 2020 of the Company’s derivative instruments:

	Derivative Assets and Liabilities
		Fair Value
	Account	November 30, 2020			February 29, 2020
Designated derivative instruments
Foreign currency contracts	Prepaid expenses and other current assets	$	236		$	—
	Accrued expenses and other current liabilities		(710	)		—
Interest rate swap agreement	Other long-term liabilities		(552	)		(476	)
Total derivatives		$	(1,026	)	$	(476	)

Cash Flow Hedges

The Company's policy is to enter into derivative instrument contracts with terms that coincide with the underlying exposure being hedged. As such, the Company’s derivative instruments are expected to be highly effective. For derivative instruments that are designated and qualify as cash flow hedges, the entire change in fair value of the hedging instrument included in the assessment of the hedge ineffectiveness is recorded to Other comprehensive income (loss). When the amounts recorded in Other comprehensive income (loss) are reclassified to earnings, they are presented in the same income statement line item as the effect of the hedged item.

During the first quarter of Fiscal 2021, the Company entered into forward foreign currency contracts, which have a current outstanding notional value of $13,160 and are designated as cash flow hedges at November 30, 2020. During Fiscal 2020, the Company did not enter into any forward foreign currency contracts and all previous contracts were settled through February 29, 2020. The current outstanding notional value of the Company's interest rate swap at November 30, 2020 is $7,239. For cash flow hedges, the gain or loss is reported as a component of Other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The net (loss) income recognized in Other comprehensive income (loss) for foreign currency contracts is expected to be recognized in Cost of sales during the next eighteen months. No amounts were excluded from the assessment of hedge effectiveness during the respective periods. The gain or loss on the Company’s interest rate swap is recorded in Other comprehensive income (loss) and subsequently reclassified into Interest and bank charges in the period in which the hedged transaction affects earnings. As of November 30, 2020, no interest rate swaps originally designated for hedge accounting were de-designated or terminated.

Activity related to cash flow hedges recorded during the three and nine months ended November 30, 2020 and 2019 was as follows:

	Three months ended						Nine months ended
	November 30, 2020						November 30, 2020
	Pretax Gain (Loss) Recognized in Other Comprehensive Income			Pretax Loss Reclassified from Accumulated Other Comprehensive Income			Pretax Loss Recognized in Other Comprehensive Income			Pretax Loss Reclassified from Accumulated Other Comprehensive Income
Cash flow hedges
Foreign currency contracts	$	(242	)	$	(121	)	$	(707	)	$	(69	)
Interest rate swaps		39			—			(76	)		—

	Three months ended				Nine months ended
	November 30, 2019				November 30, 2019
	Pretax Gain Recognized in Other Comprehensive Income		Pretax Gain Reclassified from Accumulated Other Comprehensive Income		Pretax Gain (Loss) Recognized in Other Comprehensive Income			Pretax Gain Reclassified from Accumulated Other Comprehensive Income
Cash flow hedges
Foreign currency contracts	$	41	$	134	$	357		$	362
Interest rate swaps		79		—		(260	)		—

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Nov. 30, 2020

Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income (Loss)

(6)	Accumulated Other Comprehensive Income (Loss)

The Company’s accumulated other comprehensive income (loss) consists of the following:

	Foreign Currency Translation Losses			Pension plan adjustments, net of tax			Derivatives designated in a hedging relationship, net of tax			Total
Balance at February 29, 2020	$	(17,739	)	$	(887	)	$	(429	)	$	(19,055	)
Other comprehensive income (loss) before reclassifications		3,608			(85	)		(609	)		2,914
Reclassified from accumulated other comprehensive loss		—			—			95			95
Net current-period other comprehensive income (loss)		3,608			(85	)		(514	)		3,009
Balance at November 30, 2020	$	(14,131	)	$	(972	)	$	(943	)	$	(16,046	)

During the three and nine months ended November 30, 2020, the Company recorded other comprehensive income (loss), net of the associated tax impact of $38 and $200, respectively, related to derivatives designated in a hedging relationship, and $0 in both periods related to pension plan adjustments.

The other comprehensive income (loss) before reclassification of $3,608 includes the remeasurement of intercompany transactions of a long-term investment nature of $(983) with certain subsidiaries whose functional currency is not the U.S. dollar, and $4,591 from translating the financial statements of the Company's non-U.S. dollar functional currency subsidiaries into our reporting currency, which is the U.S. dollar.

Supplemental Cash Flow Information

9 Months Ended

Nov. 30, 2020

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

(7)	Supplemental Cash Flow Information

The following is supplemental information relating to the Unaudited Consolidated Statements of Cash Flows:

	Nine months ended November 30,
	2020		2019
Non-cash investing and financing activities:
Issuance of redeemable equity	$	-	$	1,379
Reclassification of stockholders' equity to redeemable equity		478		745
Increase in goodwill due to measurement period adjustments, net		638		-
Settlement of debt with receivables		607		-
Right of use assets obtained in exchange for operating lease obligations		735		1,214
Right of use assets obtained in exchange for finance lease obligations		-		1,024
Right of use assets recorded in exchange for operating lease obligations upon the adoption of ASC 842		-		2,227
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	836	$	668
Operating cash flows from finance leases		23		36
Finance cash flows from finance leases		470		477
Cash paid during the period:
Interest (excluding bank charges)	$	831	$	726
Income taxes (net of refunds)		1,139		565

Accounting for Stock-Based Compensation

9 Months Ended

Nov. 30, 2020

Accounting For Stock Based Compensation [Abstract]

Accounting for Stock-Based Compensation

(8)	Accounting for Stock-Based Compensation

The Company has various stock-based compensation plans, which are more fully described in Note 1 of the Notes to the Consolidated Financial Statements contained in the Company’s Form 10-K for the fiscal year ended February 29, 2020.

Restricted stock awards are granted pursuant to the Company's 2012 Equity Incentive Plan (the "2012 Plan"). A restricted stock award is an award of common stock that is subject to certain restrictions during a specified period. Restricted stock awards are independent of option grants and are subject to forfeiture if employment terminates for a reason other than death, disability, or retirement prior to the release of the restrictions.

The Company's Omnibus Equity Incentive Plan was established in 2014 (the "2014 Plan"). Pursuant to the 2014 Plan, Restricted Stock Units ("RSUs") may be awarded by the Company to any individual who is employed by, provides services to, or serves as a director of the Company or its affiliates. RSUs vest on the later of three years from the date of grant, or the grantee reaching the age of 65 years. The RSU awards will also vest upon the sale of all of the Company's issued and outstanding stock, the sale of all, or substantially all, of the assets of a subsidiary of which the grantee serves as CEO and/or President, or the termination of the grantee's employment without cause, provided that the grantee at the time of termination has been employed for at least 10 years. When vested, RSU awards may be settled in shares of common stock or in cash, at the Company's sole option. There are no market conditions inherent in an RSU award, only the employee performance requirement for performance awards, and the service requirement that the respective employee continues employment with the Company through the vesting date. In July 2020, the Company granted 48,269 RSU awards to employees under the 2014 Plan. The Company expenses the cost of RSU awards on a straight-line basis over the requisite service period of each grantee. For these purposes, the fair market value of each RSU is determined based on the mean of the high and low price of the Company's common stock on the grant date. The fair market value of each RSU granted in July 2020 was $5.76. In October 2020, the Company granted 40,000 fully vested RSU awards to its non-employee directors. The fair market value of each of these RSU’s was $8.89.

Grant of Shares to Chief Executive Officer

On July 8, 2019, the Board of Directors approved a five-year Employment Agreement (the “Employment Agreement”), effective March 1, 2019, by and between the Company and Patrick M. Lavelle, the Company’s President and Chief Executive Officer. Under the terms of the Employment Agreement, in addition to a $1,000 annual salary and a cash bonus based on the Company’s Adjusted EBITDA, Mr. Lavelle agreed to receive certain stock-based compensation as discussed below:

An initial stock grant of 200,000 fully vested shares of Class A Common Stock issued in July 2019 under the 2012 Plan.

Additional stock grants of 100,000 shares of Class A Common Stock to be issued on each of March 1, 2020, March 1, 2021, and March 1, 2022. Compensation expense of $102 and $308 was recognized during the three and nine months ended November 30, 2020, respectively, based upon the grant fair value of $4.15 per share using the graded vesting attribution method.

Grant of market stock units (“MSU’s”) up to a maximum value of $5,000, based upon the achievement of a 90-calendar day average stock price of no less than $5.49 over the performance period ending on the third and fifth anniversary of the effective date of the Employment Agreement. The value of the MSU award increases based upon predetermined targeted 90-calendar day average stock prices with a maximum of $5,000 if the 90-calendar day average high stock price equals or exceeds $15.00. The number of shares to be issued related to the MSUs based upon achievement of the maximum award value of $5,000, and if issued at $15.00 per share, is estimated at 333,333 shares. Actual results may differ based upon when the high average stock price is achieved and settled. We recognized stock-based compensation expense of $60 and $182 during the three and nine months ended November 30, 2020, respectively, related to these MSU’s using the graded vesting attribution method over the performance period. As of November 30, 2020, all of the MSU’s remain outstanding.

All stock grants under the Employment Agreement are subject to a hold requirement as specified in the Employment Agreement. The Employment Agreement gave Mr. Lavelle, in certain limited change of control situations, the right to require the Company to purchase the shares in connection with the Employment Agreement, shares personally acquired by Mr. Lavelle, and shares issued to him under other incentive compensation arrangements. Accordingly, the stock awards issued in connection with the Employment Agreement are presented as redeemable equity on the Consolidated Balance Sheet at grant-date fair value. RSUs previously held by Mr. Lavelle under the 2014 Plan and shares personally purchased by Mr. Lavelle have been reclassified from permanent equity to redeemable equity. As the contingent events that would allow Mr. Lavelle to redeem the shares are not probable at this time, remeasurement of the amounts in redeemable equity have not been recorded. The Employment Agreement contains certain restrictive and non-solicitation covenants.

The following table presents a summary of the activity related to the initial stock grant, additional stock grants under the Employment Agreement, and RSU grants under the 2014 Plan for the nine months ended November 30, 2020:

	Number of Shares		Weighted Average Grant Date Fair Value
Unvested award balance at February 29, 2020		715,152	$	5.07
Granted		88,269		7.18
Vested		99,697		7.21
Vested and settled		100,000		4.15
Unvested award balance at November 30, 2020		603,724	$	5.18

At November 30, 2020, there were 278,318 vested and unsettled RSU awards under the Company’s 2014 Plan with a weighted average fair value of $7.71. In July 2020, the vested RSU awards for two of the Company’s former employees, totaling 105,123 award units, were settled in cash in an amount totaling $575.

During the three and nine months ended November 30, 2020, the Company recorded $768 and $1,454, respectively, in total stock-based compensation related to the 2014 Plan, as well as additional stock grants and MSU’s under the Employment Agreement. As of November 30, 2020, there was approximately $1,760 of unrecognized stock-based compensation expense related to unvested RSU awards, stock grants, and MSU’s.

Supply Chain Financing

9 Months Ended

Nov. 30, 2020

Supply Chain Financing [Abstract]

Supply Chain Financing

(9)	Supply Chain Financing

The Company has supply chain financing agreements and factoring agreements that were entered into for the purpose of accelerating receivable collection and better managing cash flow. The balances under the agreements are sold without recourse and are accounted for as sales of accounts receivable. Total receivable balances sold for the three and nine months ended November 30, 2020, net of discounts, were $20,876 and $60,039, respectively, compared to $14,062 and $50,897, respectively, for the three and nine months ended November 30, 2019.

Research and Development

9 Months Ended

Nov. 30, 2020

Research And Development [Abstract]

Research and Development

(10)	Research and Development

Expenditures for research and development are charged to expense as incurred. Such expenditures amounted to $1,892 and $5,413 for the three and nine months ended November 30, 2020, respectively, compared to $1,672 and $5,434, respectively, for the three and nine months ended November 30, 2019. All amounts are net of customer reimbursements and are included within Engineering and technical support expenses on the Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss).

Goodwill and Intangible Assets

9 Months Ended

Nov. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

(11)	Goodwill and Intangible Assets

The change in goodwill by segment is as follows:

Automotive Electronics:	Amount
Beginning balance at March 1, 2020	$	8,467
Activity during the period		3,928
Balance at November 30, 2020	$	12,395
Gross carrying value at November 30, 2020	$	12,395
Accumulated impairment charge		—
Net carrying value at November 30, 2020	$	12,395
Consumer Electronics:
Beginning balance at March 1, 2020	$	46,533
Activity during the period		—
Balance at November 30, 2020	$	46,533
Gross carrying value at November 30, 2020	$	78,696
Accumulated impairment charge		(32,163	)
Net carrying value at November 30, 2020	$	46,533
Total Goodwill, net	$	58,928

The Company's Biometrics segment did not carry a goodwill balance at November 30, 2020 or February 29, 2020.

At November 30, 2020, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	54,604	$	35,312	$	19,292
Trademarks/Tradenames		5,545		681		4,864
Developed technology		14,144		12,448		1,696
Patents		6,729		4,389		2,340
License		1,400		1,400		—
Contracts		1,556		1,556		—
Total finite-lived intangible assets	$	83,978	$	55,786		28,192
Indefinite-lived intangible assets
Trademarks						64,605
Total intangible assets, net					$	92,797

At February 29, 2020, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	51,491	$	31,880	$	19,611
Trademarks/Tradenames		1,045		437		608
Developed technology		14,144		12,244		1,900
Patents		5,651		3,691		1,960
License		1,400		1,400		—
Contracts		1,556		1,556		—
Total finite-lived intangible assets	$	75,287	$	51,208		24,079
Indefinite-lived intangible assets
Trademarks						64,209
Total intangible assets, net					$	88,288

The Company recorded amortization expense of $1,477 and $3,973, respectively, for the three and nine months ended November 30, 2020 and $1,748 and $5,243 for the three and nine months ended November 30, 2019, respectively. The estimated aggregate amortization expense for all amortizable intangibles for November 30 of each of the succeeding years is as follows:

Year	Amount
2021	$	5,741
2022		4,933
2023		4,336
2024		4,115
2025		3,991

Equity Investment

9 Months Ended

Nov. 30, 2020

Equity Method Investment Summarized Financial Information [Abstract]

Equity Investment

(12)	Equity Investment

As of November 30, 2020 and February 29, 2020, the Company has 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, 2020		February 29, 2020
Current assets	$	49,755	$	47,738
Non-current assets		4,755		5,453
Liabilities		10,146		9,343
Members' equity		44,364		43,848

	Nine months ended November 30,
	2020		2019
Net sales	$	67,940	$	75,962
Gross profit		21,514		23,345
Operating income		8,761		7,083
Net income		9,012		7,344

The Company's share of income from ASA was $1,761 and $4,506 for the three and nine months ended November 30, 2020, respectively, and $967 and $3,672 for the three and nine months ended November 30, 2019, respectively.

Income Taxes

9 Months Ended

Nov. 30, 2020

Income Tax Disclosure [Abstract]

Income Taxes

(13)	Income Taxes

The Company’s provision for income taxes consists of federal, foreign, and state taxes necessary to align the Company’s year-to-date tax provision with the annual effective rate that it expects to achieve for the full year. At each interim period, the Company updates its estimate of the annual effective tax rate and records cumulative adjustments, as necessary.

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was enacted in response to the COVID-19 pandemic. The CARES Act made various tax law changes, including among other things (i) increased the limitation under IRC Section 163(j) for 2019 and 2020 to permit additional expensing of interest (ii) enacted technical corrections so that qualified improvement property can be immediately expensed under IRC Section 168(k) and net operating losses arising in tax years beginning in 2017 and ending in 2018 can be carried back two years and carried forward twenty years without a taxable income limitation as opposed to carried forward indefinitely, and (iii) made modifications to the federal net operating loss rules including permitting federal net operating losses incurred in 2018, 2019, and 2020 to be carried back to the five preceding taxable years. With respect to the technical correction to net operating losses, the Company recorded a discrete income tax provision of $4,275 during the nine months ended November 30, 2020, as its valuation allowance related to net operating losses with limited carryforward periods increased.

For the three months ended November 30, 2020, the Company recorded an income tax provision of $2,334, which includes a discrete income tax benefit of $542 related primarily to finalization of the federal and certain state tax return filings. For the three months ended November 30, 2019, the Company recorded an income tax provision of $2,720, which includes a discrete income tax provision of $1,035. The Company recorded a discrete tax provision of $1,153 in connection with excluding the U.S. tax jurisdiction from the estimated annual effective tax rate and a discrete tax benefit of $118 primarily related to the reversal of uncertain tax provision liabilities as a result of the lapse of the applicable statute of limitations, the remeasurement of deferred tax assets and liabilities for enacted state law changes, offset by an income tax provision related to the finalization of federal and state tax filings during the quarter ended November 30, 2019.

The effective tax rates for the three months ended November 30, 2020 and 2019 were an income tax provision of 11.8% on pre-tax income of $19,774 and an income tax provision of 66.6% on pre-tax income of $4,087, respectively. The effective tax rate for the three months ended November 30, 2020 differs from the U.S. statutory rate of 21% primarily due to the anticipated reversal of a portion of the U.S. valuation allowance based on projected current year earnings, immediate U.S. taxation of foreign earnings, non-controlling interest related to EyeLock LLC, state and local income taxes, nondeductible permanent differences, and income taxed in foreign jurisdictions at varying tax rates. The effective tax rate for the three months ended November 30, 2019 differed from the statutory rate of 21% primarily due to the calculation of the U.S. tax provision on a discrete basis, the U.S. taxation of foreign earnings, nondeductible permanent differences, non-controlling interest related to EyeLock LLC, an increase in the valuation allowance, state and local income taxes, and income taxed in foreign jurisdictions at varying tax rates.

For the nine months ended November 30, 2020, the Company recorded an income tax provision of $6,724, which includes a discrete income tax provision of $3,609. The Company recorded a discrete tax provision of $4,275 related to an increase in valuation allowance as a result of the technical correction to net operating losses as provided in the CARES Act, and a discrete income tax benefit of $697 related to the finalization of federal and state filings during the quarter ended November 30 2020, and the reversal of uncertain tax provision liabilities as a result of the lapse of the applicable statute of limitations, offset with a discrete tax provision of $31 related to the accrual for interest for unrecognized tax benefits. For the nine months ended November 30, 2019, the Company recorded an income tax provision of $1,190, which includes a discrete income tax benefit of $345. The Company recorded a discrete tax benefit of $50 in connection with excluding the U.S. tax jurisdiction from the estimated annual effective tax rate, and a discrete income tax benefit of $295 primarily related to the reversal of uncertain tax provision liabilities as a result of the lapse of the applicable statute of limitations, the remeasurement of deferred tax assets and liabilities for enacted state law changes, offset by an income tax provision related to the finalization of federal and state tax filings during the quarter ended November 30, 2019.

The effective tax rates for the nine months ended November 30, 2020 and 2019 were an income tax provision of 31.1% on pre-tax income of $21,614 and an income tax provision of 17.1% on a pre-tax loss of $6,979, respectively. The effective tax rate for the nine months ended November 30, 2020 differs from the U.S. statutory rate of 21% primarily due to the anticipated reversal of a portion of the U.S. valuation allowance based on projected current year earnings, immediate U.S. taxation of foreign earnings, non-controlling interest related to EyeLock LLC, state and local income taxes, nondeductible permanent differences, and income taxed in foreign jurisdictions at

varying tax rates. The effective tax rate for the nine months ended November 30, 2019 differed from the statutory rate of 21% primarily due to the calculation of the U.S. taxation provision on a discrete basis, the U.S. taxation of foreign earnings, non-deductible permanent differences, non-controlling interest related to EyeLock LLC, an increase in the valuation allowance, state and local income taxes, and income taxed in foreign jurisdictions at varying tax rates.

At November 30, 2020, the Company had an uncertain tax position liability of $1,123, including interest and penalties. The unrecognized tax benefits include amounts related to various U.S. federal, state and local, and foreign tax issues.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Inventory

9 Months Ended

Nov. 30, 2020

Inventory Disclosure [Abstract]

Inventory

(14)

Inventory

Inventories by major category are as follows:

	November 30, 2020		February 29, 2020
Raw materials	$	25,124	$	29,115
Work in process		2,080		2,366
Finished goods		111,403		67,629
Inventory	$	138,607	$	99,110

Product Warranties and Product Repair Costs

9 Months Ended

Nov. 30, 2020

Payables And Accruals Warranties [Abstract]

Product Warranties and Product Repair Costs

(15)	Product Warranties and Product Repair Costs

The following table provides a summary of the activity with respect to product warranties and product repair costs. The liability for product warranties is included within Accrued expenses and other current liabilities and the reserve for product repair costs is recorded as a reduction of Inventory on the Consolidated Balance Sheets.

	Three months ended November 30,						Nine months ended November 30,
	2020			2019			2020			2019
Opening balance	$	5,520		$	4,062		$	4,748		$	4,469
Liabilities for warranties accrued during the period		864			1,445			2,339			3,879
Liabilities acquired during acquisition		—			—			1,200			—
Warranty claims settled during the period		(884	)		(1,076	)		(2,787	)		(3,917	)
Ending balance	$	5,500		$	4,431		$	5,500		$	4,431

Accrued Restructuring Expense

9 Months Ended

Nov. 30, 2020

Restructuring And Related Activities [Abstract]

Accrued Restructuring Expense

(16)	Accrued Restructuring Expense

At February 29, 2020, the Company had accrued restructuring charges of $637 included in Accrued expenses and other current liabilities, representing charges incurred in Fiscal 2019 for the realignment of certain businesses within the organization. During the three and nine months ended November 30, 2020, an additional $63 and $532 of the accrual was settled and no additional restructuring expenses were incurred. At November 30, 2020, the remaining restructuring accrual in Accrued expenses and other current liabilities is $105.

Financing Arrangements

9 Months Ended

Nov. 30, 2020

Debt Disclosure [Abstract]

Financing Arrangements

(17)	Financing Arrangements

The Company has the following financing arrangements:

	November 30, 2020		February 29, 2020
Debt
Domestic credit facility (a)	$	—	$	—
Florida mortgage (b)		7,239		7,614
Euro asset-based lending obligation - VOXX Germany (c)		—		—
Euro asset-based lending obligation - Magnat (d)		—		607
Total debt		7,239		8,221
Less: current portion of long-term debt		500		1,107
Long-term debt		6,739		7,114
Less: debt issuance costs		766		1,015
Total long-term debt, net of debt issuance costs	$	5,973	$	6,099

(a)

Domestic Credit Facility

The Company has a senior secured credit facility (the "Credit Facility"), which was amended in June 2020 and provides for a revolving credit facility with committed availability of up to $127,500. The Credit Facility also includes a $30,000 sublimit for letters of credit and a $15,000 sublimit for swingline loans. The availability under the revolving credit line within the Credit Facility is subject to a borrowing base, which is based on eligible accounts receivable, eligible inventory and certain real estate, subject to reserves as determined by the lender, and is also limited by amounts outstanding under the Florida Mortgage (see Note 17(b)). In April 2020, as a precautionary measure to ensure financial flexibility and maintain maximum liquidity in response to the COVID-19 pandemic, the Company borrowed $20,000 from the Credit Facility. This $20,000 precautionary borrowing was repaid in November 2020. The availability under the revolving credit line of the Credit Facility was $107,033 as of November 30, 2020.

All amounts outstanding under the Credit Facility will mature and become due on April 26, 2022; however, it is subject to acceleration upon the occurrence of an Event of Default (as defined in the Credit Agreement). The Company may prepay any amounts outstanding at any time, subject to payment of certain breakage and redeployment costs relating to LIBOR Rate Loans. The commitments under the Credit Facility may be irrevocably reduced at any time, without premium or penalty as set forth in the agreement.

Generally, the Company may designate specific borrowings under the Credit Facility as either Base Rate Loans or LIBOR Rate Loans, except that swingline loans may only be designated as Base Rate Loans. Loans designated as LIBOR Rate Loans bear interest at a rate equal to the then applicable LIBOR rate plus a range of 2.00 - 2.50% (3.0% at November 30, 2020). Loans designated as Base Rate loans bear interest at a rate equal to the applicable margin for Base Rate Loans of 1.00 - 1.50% as defined in the agreement and shall not be lower than 2.00% (4.50% at November 30, 2020).

Provided that the Company is in a Compliance Period (the period commencing on that day in which Excess Availability is less than 20% of the Maximum Revolver Amount and ending on a day in which Excess Availability is equal to or greater than 20% for any consecutive 30-day period thereafter), the Credit Facility requires compliance with a financial covenant calculated as of the last day of each month, consisting of a Fixed Charge Coverage Ratio. The Credit Facility also contains covenants, subject to defined carveouts, that limit the ability of the loan parties and certain of their subsidiaries which are not loan parties to, among other things: (i) incur additional indebtedness; (ii) incur liens; (iii) merge, consolidate or dispose of a substantial portion of their business; (iv) transfer or dispose of assets; (v) change their name, organizational identification number, state or province of organization or organizational identity; (vi) make any material change in their nature of business; (vii) prepay or otherwise acquire indebtedness; (viii) cause any change of control; (ix) make any restricted junior payment; (x) change their fiscal year or method of accounting; (xi) make advances, loans or investments; (xii) enter into or permit any transaction with an affiliate of any borrower or any of their subsidiaries; (xiii) use proceeds for certain items; (xiv) issue or sell any of their stock; or (xv) consign or sell any of their inventory on certain terms. In addition, if excess availability under the Credit Facility were to fall below certain specified levels, as defined in the agreement, the lenders would have the right to assume dominion and control over the Company's cash. As of November 30, 2020, the Company was not in a Compliance Period.

The obligations under the loan documents are secured by a general lien on, and security interest in, substantially all of the assets of the borrowers and certain of the guarantors, including accounts receivable, equipment, real estate, general intangibles, and inventory. The Company has guaranteed the obligations of the borrowers under the Credit Agreement.

Charges incurred on the unused portion of the Credit Facility during the three and nine months ended November 30, 2020 totaled $130 and $371, respectively, compared to $125 and $378 during the three and nine months ended November 30, 2019, respectively. These charges are included within Interest and bank charges on the Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss).

The Company has deferred financing costs related to the Credit Facility and previous amendments and modification of the Credit Facility. In conjunction with the amendment to its Credit Facility in June 2020, the Company incurred additional financing fees of $260 that will be amortized over the remaining term of the facility. The Company accounted for the June 2020 amendment to the Credit Facility as a modification of debt; however, as there were certain changes to the syndicate bank participation, unamortized deferred financing costs of $53 were written off and charged to Interest and bank charges in the Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss) for the nine months ended November 30, 2020. Deferred financing costs are included in Long-term debt on the accompanying Consolidated Balance Sheets as a contra-liability balance and are amortized through Interest and bank charges in the Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss) over the term of the Credit Facility, which expires in April 2022. During the three and nine months ended November 30, 2020, the Company amortized $106 and $432 of these costs, as compared to $198 and $593 during the three and nine months ended November 30, 2019. The net unamortized balance of these deferred financing costs as of November 30, 2020 is $603.

(b)

Florida Mortgage

On July 6, 2015, VOXX HQ LLC, the Company’s wholly owned subsidiary, closed on a $9,995 industrial development revenue tax exempt bond under a loan agreement in favor of the Orange County Industrial Development Authority (the “Authority”) to finance the construction of the Company's manufacturing facility and executive offices in Lake Nona, Florida. Wells Fargo Bank, N.A. ("Wells Fargo") was the purchaser of the bond and U.S. Bank National Association is the trustee under an Indenture of Trust with the Authority. Voxx borrowed the proceeds of the bond purchase from the Authority during construction as a revolving loan, which converted to a permanent mortgage upon completion of the facility in January 2016 (the "Florida Mortgage"). The Company makes principal and interest payments to Wells Fargo, which began March 1, 2016 and will continue through March of 2026. The Florida Mortgage bears interest at 70% of 1-month LIBOR plus 1.54% (1.69% at November 30, 2020) and is secured by a first mortgage on the property, a collateral assignment of leases and rents and a guaranty by the Company. The financial covenants of the Florida Mortgage are as defined in the Company’s Credit Facility with Wells Fargo dated April 26, 2016.

The Company incurred debt financing costs totaling approximately $332 as a result of obtaining the Florida Mortgage, which are recorded as deferred financing costs and included in Long-term debt as a contra-liability balance on the accompanying Consolidated Balance Sheets and are being amortized through Interest and bank charges in the Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss) over the ten-year term of the Florida Mortgage. The Company amortized $8 and $23 of these costs during both the three and nine months ended November 30, 2020 and 2019. The net unamortized balance of these deferred financing costs as of November 30, 2020 is $163.

On July 20, 2015, the Company entered into an interest rate swap agreement in order to hedge interest rate exposure related to the Florida Mortgage and pays a fixed rate of 3.48% under the swap agreement (See Note 5).

(c)

Euro Asset-Based Lending Obligation – VOXX Germany

Foreign bank obligations include a Euro Asset-Based Lending ("ABL") credit facility, which has a credit limit of €8,000 for the Company's subsidiary, VOXX Germany, which expires on July 31, 2023. The rate of interest for the ABL is the three-month Euribor plus 2.30% (2.30% at November 30, 2020). As of November 30, 2020, there is no balance outstanding under this credit facility.

(d)

Euro Asset-Based Lending Obligation - Magnat

At February 29, 2020, foreign bank obligations also included an ABL credit facility for the Company's subsidiary, Magnat. The rate of interest for the ABL was the three-month Euribor plus 2.10%. The facility expired on November 30, 2020 and was not renewed.

Other (Expense) Income

9 Months Ended

Nov. 30, 2020

Other Income And Expenses [Abstract]

Other (Expense) Income

(18)	Other (Expense) Income

Other (expense) income is comprised of the following:

	Three months ended November 30,						Nine months ended November 30,
	2020			2019			2020			2019
Foreign currency gain (loss)	$	34		$	61		$	(445	)	$	297
Interest income		6			199			77			814
Rental income		188			176			556			460
Miscellaneous		(349	)		(758	)		(167	)		298
Total other, net	$	(121	)	$	(322	)	$	21		$	1,869

The decrease in interest income for the three and nine months ended November 30, 2020 as compared to the prior year periods primarily relates to the decrease in interest rates applicable to the Company’s short-term money market investments. For the nine months ended November 30, 2019, miscellaneous included proceeds from a key man life insurance policy in the amount of $1,000 related to a former employee of Klipsch Group, Inc. that Voxx became the beneficiary of in conjunction with the acquisition of Klipsch in Fiscal 2012, offset by a payment of $804 in settlement of the final working capital calculation related to the sale of the Company’s former Hirschmann subsidiary in Fiscal 2018. The final working capital settlement impacted both the three and nine months ended November 30, 2019.

Foreign Currency

9 Months Ended

Nov. 30, 2020

Foreign Currency [Abstract]

Foreign Currency

(19)	Foreign Currency

The Company has a subsidiary in Venezuela. Venezuela has experienced significant political and civil unrest, as well as economic instability for several years, and has implemented various foreign currency and price controls. The Company accounts for its Venezuela subsidiary as hyper-inflationary in accordance with the guidelines in ASC 830, "Foreign Currency." A hyper-inflationary economy designation occurs when a country has experienced cumulative inflation of approximately 100 percent or more over a 3-year period. The hyper-inflationary designation requires the local subsidiary in Venezuela to record all transactions as if they were denominated in U.S. dollars. As of November 30, 2020, the DICOM rate for the Sovereign Bolivar was approximately 1,033,000 bolivars to the U.S. dollar compared to 38,109 at November 30, 2019. The Company’s operations in Venezuela are suspended and net currency exchange gains and losses for the three and nine months ended November 30, 2020 were not significant.

The Company has certain long-lived assets in Venezuela, which are held for investment purposes. These properties had no value at November 30, 2020

Lease Obligations

9 Months Ended

Nov. 30, 2020

Leases [Abstract]

Lease Obligations

(20)	Lease Obligations

We account for leases in accordance with ASC 842 “Leases” (“ASC 842”). We determine whether an arrangement is a lease at inception. This determination generally depends on whether the arrangement conveys the right to control the use of an identified fixed asset explicitly or implicitly for a period of time in exchange for consideration.

We have operating leases for office equipment, as well as offices, warehouses, and other facilities used for our operations. We also have finance leases comprised primarily of computer hardware and machinery and equipment. Our leases have remaining lease terms of less than 1 year to 10 years, some of which include renewal options. We consider these renewal options in determining the lease term used to establish our right-of-use assets and lease

liabilities when it is determined that it is reasonably certain that the renewal option will be exercised. The Company had no short-term leases during the three and nine months ended November 30, 2020.

Refer to Note 7 for supplemental cash flow information related to leases.

On September 30, 2019, the Company, through its subsidiary Voxx German Holdings GmbH, executed a sale leaseback transaction, selling its real property in Pulheim, Germany to CLM S.A. RL (“the Purchaser”) for €10,920. Net proceeds received from the transaction were approximately $9,500. The transaction qualified for sale leaseback accounting in accordance with ASC 842. Concurrently with the sale, the Company entered into an operating lease arrangement (“lease”) with the Purchaser for a small portion of the real property to continue to operate the combined Magnat/Klipsch sales office in Germany. The Company recognized a gain related to the execution of the sale transaction of $4,057 for the three and nine months ended November 30, 2019, which is recorded in Other income (expense) on the Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss).

The components of lease cost for the three and nine months ended November 30, 2020 and 2019 were as follows:

	Three months ended November 30,				Nine months ended November 30,
	2020		2019		2020		2019
Operating lease cost (a) (c)	$	328	$	209	$	836	$	668
Finance lease cost:
Amortization of right of use assets (a)		139		167		465		516
Interest on lease liabilities (b)		6		12		23		36
Total finance lease cost	$	145	$	179	$	488	$	552

(a)

Recorded within Selling, General and administrative, Engineering and technical support, and Cost of sales on the Consolidated Statement of Operations and Comprehensive (Loss) Income.

(b)

Recorded within Interest and bank charges on the Consolidated Statement of Operations and Comprehensive Income (Loss).

(c)

Includes immaterial amounts related to variable rent expense.

Supplemental balance sheet information related to leases is as follows:

	November 30, 2020			February 29, 2020
Operating Leases
Operating lease, right of use assets	$	4,811		$	3,143
Total operating lease right of use assets	$	4,811		$	3,143
Accrued expenses and other current liabilities	$	1,111		$	784
Operating lease liabilities, less current portion		3,813			2,391
Total operating lease liabilities	$	4,924		$	3,175
Finance Leases
Property, plant, and equipment, gross	$	2,503		$	2,503
Accumulated depreciation		(1,674	)		(1,209	)
Total finance lease right of use assets	$	829		$	1,294
Accrued expenses and other current liabilities	$	469		$	613
Finance lease liabilities, less current portion		386			720
Total finance lease liabilities	$	855		$	1,333
Weighted Average Remaining Lease Term
Operating leases	6.1 years			4.4 years
Finance leases	2.1 years			3.9 years
Weighted Average Discount Rate
Operating leases		4.54	%		5.98	%
Finance leases		3.87	%		3.87	%

Maturities of lease liabilities on November 30 of each of the succeeding years are as follows:

	Operating Leases		Finance Leases
2021	$	1,303		483
2022		1,119		274
2023		807		118
2024		632		—
2025		456		—
Thereafter		1,228		—
Total lease payments		5,545		875
Less imputed interest		621		20
Total	$	4,924		855

As of November 30, 2020, the Company has not entered into any lease agreements that have not yet commenced.

The Company owns and occupies buildings as part of its operations. Certain space within these buildings may, from time to time, be leased to third parties from which the Company earns rental income as lessor. This leased space is recorded within property, plant and equipment and was not material to the Company's Consolidated Balance Sheets at November 30, 2020 and February 29, 2020. Rental income earned by the Company for the three and nine months ended November 30, 2020 and 2019 was $188 and $556, respectively, and $176 and $460, respectively, which is recorded within Other income (expense).

Capital Structure

9 Months Ended

Nov. 30, 2020

Equity [Abstract]

Capital Structure

(21)	Capital Structure

The Company's capital structure is as follows:

			Shares Authorized				Shares Outstanding
Security	Par Value		November 30, 2020		February 29, 2020		November 30, 2020		February 29, 2020		Voting Rights per Share		Liquidation Rights
Preferred Stock	$	50.00		50,000		50,000		—		—		—	$50 per share
Series Preferred Stock	$	0.01		1,500,000		1,500,000		—		—		—		—
Class A Common Stock	$	0.01		60,000,000		60,000,000		21,666,976		21,556,976		1	Ratably with Class B
Class B Common Stock	$	0.01		10,000,000		10,000,000		2,260,954		2,260,954		10	Ratably with Class A
Treasury Stock at cost	at cost			2,749,218		2,749,218	N/A		N/A		N/A

Variable Interest Entity

9 Months Ended

Nov. 30, 2020

Variable Interest Entity [Abstract]

Variable Interest Entity

(22)	Variable Interest Entity

A variable interest entity ("VIE") is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support, or (ii) has equity investors who lack the characteristics of a controlling financial interest. Under ASC 810 - Consolidation, an entity that holds a variable interest in a VIE and meets certain requirements would be considered to be the primary beneficiary of the VIE and required to consolidate the VIE in its consolidated financial statements. In order to be considered the primary beneficiary of a VIE, an entity must hold a variable interest in the VIE and have both:

•

the power to direct the activities that most significantly impact the economic performance of the VIE; and

•

the right to receive benefits from, or the obligation to absorb losses of, the VIE that could be potentially significant to the VIE.

On September 1, 2015, Voxx acquired a majority voting interest in substantially all of the assets and certain specified liabilities of EyeLock, Inc. and EyeLock Corporation, a market leader of iris-based identity authentication solutions, through a newly-formed entity, EyeLock LLC. The Company issued EyeLock LLC a promissory note for the purposes of repaying protective advances and funding working capital requirements of the entity. On October 9, 2020, this

promissory note was amended and restated to allow EyeLock LLC to borrow up to $60,600. Through March 1, 2019, interest on the outstanding principal of the loan accrued at 10%. From March 1, 2019 forward, interest accrues at 2.5%. The amended and restated promissory note is due on June 30, 2021. The outstanding principal balance of this promissory note is convertible at the sole option of Voxx into units of EyeLock LLC. If Voxx chooses not to convert into equity, the outstanding loan principal of the amended and restated promissory note will be repaid at a multiple of 1.50 based on the repayment date. The agreement includes customary events of default and is collateralized by all of the property of EyeLock LLC.

We determined that we hold a variable interest in EyeLock LLC as a result of:

•

our majority voting interest and ownership of substantially all of the assets and certain liabilities of the entity; and

•

the loan agreement with EyeLock LLC, which has a total outstanding balance of $59,033 as of November 30, 2020.

We concluded that we became the primary beneficiary of EyeLock LLC on September 1, 2015 in conjunction with the acquisition. This was the first date on which we had the power to direct the activities that most significantly impact the economic performance of the entity because we acquired a majority interest in substantially all of the assets and certain liabilities of EyeLock, Inc. and EyeLock Corporation on this date, as well as obtained a majority voting interest as a result of this transaction. Although we are considered to have control over EyeLock LLC under ASC 810, due to our majority ownership interest, the assets of EyeLock LLC can only be used to satisfy the obligations of EyeLock LLC. As a result of our majority ownership interest in the entity and our primary beneficiary conclusion, we consolidated EyeLock LLC within our consolidated financial statements beginning on September 1, 2015.

Assets and Liabilities of EyeLock LLC

The following table sets forth the carrying values of assets and liabilities of EyeLock LLC that were included on our Consolidated Balance Sheets as of November 30, 2020 and February 29, 2020:

	November 30, 2020			February 29, 2020
Assets	(unaudited)
Current assets:
Cash and cash equivalents	$	—		$	—
Accounts receivable, net		210			147
Inventory, net		2,212			2,052
Prepaid expenses and other current assets		253			313
Total current assets		2,675			2,512
Property, plant and equipment, net		27			69
Intangible assets, net		2,397			2,600
Other assets		60			76
Total assets	$	5,159		$	5,257
Liabilities and Partners' Deficit
Current liabilities:
Accounts payable	$	1,427		$	2,086
Interest payable to VOXX		11,077			9,994
Accrued expenses and other current liabilities		1,000			252
Due to VOXX		59,033			54,074
Total current liabilities		72,537			66,406
Other long-term liabilities		1,200			1,200
Total liabilities		73,737			67,606
Commitments and contingencies
Partners' deficit:
Capital		41,416			41,416
Retained losses		(109,994	)		(103,765	)
Total partners' deficit		(68,578	)		(62,349	)
Total liabilities and partners' deficit	$	5,159		$	5,257

Revenue and Expenses of EyeLock LLC

The following table sets forth the revenues and expenses of EyeLock LLC that were included in our Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss) for the three and nine months ended November 30, 2020, respectively:

	For the three months ended November 30,						For the nine months ended November 30,
	2020			2019			2020			2019
Net sales	$	343		$	138		$	703		$	412
Cost of sales		293			178			674			592
Gross profit		50			(40	)		29			(180	)
Operating expenses:
Selling		132			173			434			535
General and administrative		446			1,123			1,303			3,500
Engineering and technical support		1,178			1,232			3,427			3,951
Total operating expenses		1,756			2,528			5,164			7,986
Operating loss		(1,706	)		(2,568	)		(5,135	)		(8,166	)
Other expense:
Interest and bank charges		(372	)		(324	)		(1,094	)		(939	)
Other, net		—			79			—			79
Total other expense, net		(372	)		(245	)		(1,094	)		(860	)
Loss before income taxes		(2,078	)		(2,813	)		(6,229	)		(9,026	)
Income tax expense		—			—			—			—
Net loss	$	(2,078	)	$	(2,813	)	$	(6,229	)	$	(9,026	)

Segment Reporting

9 Months Ended

Nov. 30, 2020

Segment Reporting [Abstract]

Segment Reporting

(23)	Segment Reporting

The Company operates in three distinct segments based on our products and our internal organizational structure. The three operating segments, which are also the Company’s reportable segments, are Automotive Electronics, Consumer Electronics, and Biometrics.

Our Automotive Electronics segment designs, manufactures, markets and distributes rear-seat entertainment devices, remote start systems, automotive security, vehicle access systems, mobile interface modules, mobile multimedia devices, aftermarket/OE-styled radios, car link-smartphone telematics applications, driver distraction products, collision avoidance systems, location-based services, turn signal switches, automotive lighting products, automotive sensing and camera systems, USB ports, cruise control systems, heated seats, and satellite radio products.

Our Consumer Electronics segment designs, manufactures, markets and distributes home theater systems, high-end loudspeakers, outdoor speakers, business music systems, cinema speakers, flat panel speakers, wireless and Bluetooth speakers, soundbars, wired and wireless headphones and ear buds, DLNA (Digital Living Network Alliance) compatible devices, remote controls, karaoke products, personal sound amplifiers, infant/nursery products, activity tracking bands, healthcare wearables, smart-home security and safety products, as well as A/V connectivity, portable/home charging, reception, and digital consumer products.

Our Biometrics segment designs, manufactures, markets, and distributes iris identification and biometric security related products.

The accounting principles applied at the consolidated financial statement level are generally the same as those applied at the operating segment level and there are no material intersegment sales. The segments are allocated interest expense, based upon a pre-determined formula, which utilizes a percentage of each operating segment's intercompany balance, which is offset in Corporate/Eliminations.

Segment data for each of the Company's segments is presented below:

	Automotive Electronics		Consumer Electronics		Biometrics			Corporate/ Eliminations			Total
Three Months Ended November 30, 2020
Net sales	$	61,488	$	139,039	$	343		$	195		$	201,065
Equity in income of equity investees		1,761		—		—			—			1,761
Interest expense and bank charges		537		2,290		372			(2,728	)		471
Depreciation and amortization expense		876		1,002		75			981			2,934
Income (loss) before income taxes		6,601		20,351		(2,078	)		(5,100	)		19,774

Three Months Ended November 30, 2019
Net sales	$	29,985	$	79,914	$	138		$	75		$	110,112
Equity in income of equity investees		967		—		—			—			967
Interest expense and bank charges		137		2,560		324			(2,270	)		751
Depreciation and amortization expense		187		1,093		783			1,038			3,101
Income (loss) before income taxes		92		9,583		(2,813	)		(2,775	)		4,087

Nine Months Ended November 30, 2020
Net sales	$	111,397	$	288,545	$	703		$	439		$	401,084
Equity in income of equity investees		4,506		—		—			—			4,506
Interest expense and bank charges		1,058		6,584		1,094			(6,402	)		2,334
Depreciation and amortization expense		2,050		2,921		247			3,006			8,224
Income (loss) before income taxes		3,730		33,087		(6,229	)		(8,974	)		21,614

Nine Months Ended November 30, 2019
Net sales	$	86,472	$	206,601	$	398		$	341		$	293,812
Equity in income of equity investees		3,672		—		—			—			3,672
Interest expense and bank charges		354		7,427		939			(6,085	)		2,635
Depreciation and amortization expense		567		3,356		2,352			2,954			9,229
Income (loss) before income taxes		869		8,976		(8,835	)		(7,989	)		(6,979	)

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Revenue from Contracts with Customers

9 Months Ended

Nov. 30, 2020

Revenue From Contract With Customer [Abstract]

Revenue from Contracts with Customers

(24)	Revenue from Contracts with Customers

The Company recognizes revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”). The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. We apply the FASB’s guidance on revenue recognition, which requires us to recognize the amount of revenue and consideration that we expect to receive in exchange for goods and services transferred to our customers. To do this, the Company applies the five-step model prescribed by the FASB, which requires us to: (i) identify the contract with the customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when, or as, we satisfy a performance obligation.

Within our Automotive Electronics segment, while the majority of the contracts we enter into with Original Equipment Manufacturers (“OEM”) are long-term supply arrangements, the performance obligations are established by the enforceable contract, which is generally considered to be the purchase order. The purchase orders are of durations less than one year. As such, the Company applies the practical expedient in ASC paragraph 606-10-50-14 and does not disclose information about remaining performance obligations that have original expected durations of one year or less, for which work has not yet been performed.

Performance Obligations

The Company’s primary source of revenue is derived from the manufacture and distribution of consumer electronic, automotive electronic, and biometric products. Our consumer electronic products primarily consist of finished goods sold to retail and commercial customers, consisting of premium audio products and other consumer electronic products. Our automotive electronic products, some of which are manufactured by the Company, are sold both to

OEM and aftermarket customers. Our biometrics products, primarily consisting of finished goods, are sold to retail and commercial customers. We recognize revenue for sales to our customers when transfer of control of the related good or service has occurred. The majority of our revenue was recognized under the point in time approach for the three and nine months ended November 30, 2020. Certain telematic subscription revenues generated by our Automotive Electronics segment are recognized over time. Contract terms with certain of our OEM customers could result in additional products and services being transferred over time as a result of the customized nature of some of our products, together with contractual provisions in the customer contracts that provide us with an enforceable right to payment for performance completed to date; however, under typical terms, we do not have the right to consideration until the time of shipment from our manufacturing facilities or distribution centers, or until the time of delivery to our customers. If certain contracts in the future provide the Company with this enforceable right of payment, the timing of revenue recognition from products transferred to customers over time may be slightly accelerated compared to our right to consideration at the time of shipment or delivery.

Under ASC 606, we are required to present a refund liability and a return asset within the Consolidated Balance Sheets. The changes in the refund liability are reported in Net sales, and the changes in the return asset are reported in Cost of sales in the Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss). As of November 30, 2020 and February 29, 2020, the balance of the return asset was $1,822 and $1,544, respectively, and the balance of the refund liability was $4,185 and $3,779, respectively, and are presented within Prepaid expenses and other current assets and Accrued expenses and other current liabilities, respectively, on the Consolidated Balance Sheets.

We warrant our products against certain defects in material and workmanship when used as designed, which primarily range from 30 days to 3 years. We offer limited lifetime warranties on certain products, which limit the customer’s remedy to the repair or replacement of the defective product or part for the designated lifetime of the product, or for the life of the vehicle for the original owner, if it is an automotive product. We do not sell extended warranties.

Contract Balances

Contract assets primarily relate to the Company’s rights to consideration for work completed but not billed at the reporting date on contracts with customers. Contract assets are transferred to receivables when the rights become unconditional. Contract liabilities primarily relate to contracts where advance payments or deposits have been received, but performance obligations have not yet been met, and therefore, revenue has not been recognized. The Company had current and non-current contract liability balances totaling $4,412 at November 30, 2020 related to telematic subscription services of the Company’s DEI subsidiary established in connection with the Company’s acquisition in July 2020 (see Note 2). Revenue recognized for the three months ended November 30, 2020 that was included in the contract liability balance for the Company’s August 31, 2020 quarter-end date was $2,767. There were no contract liability balances at February 29, 2020. The Company had no contract asset balances at November 30, 2020 or February 29, 2020.

Disaggregation of Revenue

The Company operates in three reportable segments: Automotive Electronics, Consumer Electronics, and Biometrics. ASC 606 requires further disaggregation of an entity’s revenue. In the following table, the Company's net sales are disaggregated by segment and product type for the three and nine months ended November 30, 2020 and 2019:

	Three months ended November 30,				Nine months ended November 30,
	2020		2019		2020		2019
Automotive Electronics Segment
OEM Products	$	14,089	$	10,628	$	32,462	$	37,391
Aftermarket Products		47,399		19,357		78,935		49,081
Total Automotive Segment		61,488		29,985		111,397		86,472
Consumer Electronics Segment
Premium Audio Products		112,681		53,250		216,501		128,056
Other Consumer Electronic Products		26,358		26,664		72,044		78,545
Total Consumer Electronics Segment		139,039		79,914		288,545		206,601
Biometrics Segment
Biometric Products		343		138		703		398
Total Biometrics Segment		343		138		703		398
Corporate/Eliminations		195		75		439		341
Total Net Sales	$	201,065	$	110,112	$	401,084	$	293,812

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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-Name Accounting Standards Codification
-Topic 606
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-Section 50
-Paragraph 12
-Subparagraph (d)
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Contingencies

9 Months Ended

Nov. 30, 2020

Commitments And Contingencies Disclosure [Abstract]

Contingencies

(25)	Contingencies

The Company is currently, and has in the past, been a party to various routine legal proceedings incident to the ordinary course of business. If management determines, based on the underlying facts and circumstances of each matter, that it is probable a loss will result from a litigation contingency and the amount of the loss can be reasonably estimated, the estimated loss is accrued for. The Company does not believe that any current outstanding litigation matters will have a material adverse effect on the Company's financial statements, individually, or in the aggregate.

The products the Company sells are continually changing as a result of improved technology. As a result, although the Company and its suppliers attempt to avoid infringing known proprietary rights, the Company may be subject to legal proceedings and claims for alleged infringement by patent, trademark, or other intellectual property owners. Any claims relating to the infringement of third-party proprietary rights, even if not meritorious, could result in costly litigation, divert management’s attention and resources, or require the Company to either enter into royalty or license agreements that are not advantageous to the Company, or pay material amounts of damages.

New Accounting Pronouncements

9 Months Ended

Nov. 30, 2020

Accounting Changes And Error Corrections [Abstract]

New Accounting Pronouncements

(26)	New Accounting Pronouncements

In August 2018, the FASB issued ASU No. 2018-14, "Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans." ASU 2018-14 removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and added additional disclosures. This ASU is effective for public companies for annual reporting periods and interim periods within those annual periods beginning after December 15, 2020. The amendments in ASU 2018-14 must be applied on a retrospective basis. The Company is currently assessing the effect, if any, that ASU 2018-14 will have on the disclosures in its consolidated financial statements.

In December 2019, the FASB issued ASU No. 2019-12, “Simplifying the Accounting for Income Taxes.” This guidance removes certain exceptions related to the approach for intra-period tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. This guidance also clarifies and simplifies other areas of ASC 740. This guidance is effective for fiscal years beginning after December 15, 2020. The guidance in this update has various elements, some of which are applied on a prospective basis and others on a retrospective basis with earlier application permitted. The Company is currently evaluating the effect of this ASU on the Company’s consolidated financial statements and related disclosures.

In January 2020, the FASB issued ASU No. 2020-01, “Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815.” The ASU is based on a consensus of the Emerging Issues Task Force and is expected to increase comparability in accounting for these transactions by clarifying the interaction of the accounting for equity securities under Topic 321 and investments accounted for under the equity method of accounting under Topic 323, and the accounting for certain forward contracts and purchased options accounted for under Topic 815. This ASU is effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of ASU 2020-01 to have a material impact on its consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Acquisitions (Tables)

9 Months Ended

Nov. 30, 2020

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		-			7,054
Accounts receivable		5,173		67			5,240
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		55			3,345
Total assets acquired	$	28,393	$	22		$	28,415

Liabilities assumed:
Accounts payable		8,144		-			8,144
Accrued expenses		1,406		11			1,417
Contract liabilities		4,872		11			4,883
Warranty accrual		1,200		-			1,200
Operating lease liability		1,771		-			1,771
Total	$	17,393	$	22		$	17,415
Total purchase price	$	11,000	$	-		$	11,000

VSHC [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:

	January 31, 2020		Measurement Period Adjustments			January 31, 2020 (as adjusted)
Assets acquired:
Inventory	$	6,982		(489	)		6,493
Accounts receivable		3,415		-			3,415
Right of use assets		483		-			483
Other current assets		145		-			145
Property and equipment		714		-			714
Customer relationships		5,460		-			5,460
Trademarks		560		-			560
Patented technology		280		-			280
Goodwill		215		583			798
Other non-current assets		3		-			3
Total assets acquired	$	18,257	$	94		$	18,351

Liabilities assumed:
Accounts payable		757		-			757
Accrued expenses		219		94			313
Lease liabilities		483		-			483
Warranty accrual		188		-			188
Total	$	1,647	$	94		$	1,741
Total purchase price	$	16,610	$	-		$	16,610

Net Income (Loss) Per Common Share (Tables)

9 Months Ended

Nov. 30, 2020

Net Income Per Common Share [Abstract]

Reconciliation Between Denominator of Basic and Diluted Net Income (Loss) Per Common Share

	Three months ended November 30,				Nine months ended November 30,
	2020		2019		2020		2019
Weighted-average common shares outstanding (basic)		24,197,786		24,418,313		24,196,393		24,458,926
Effect of dilutive securities:
Restricted stock and stock grants		479,739		207,097		335,936		—
Weighted-average common shares and potential common shares outstanding (diluted)		24,677,525		24,625,410		24,532,329		24,458,926

Investment Securities (Tables)

9 Months Ended

Nov. 30, 2020

Investment Securities [Abstract]

Unrealized Gain (Loss) on Investments

As of November 30, 2020, and February 29, 2020, the Company had the following investments:

	November 30, 2020
	Fair Value
Investment Securities
Marketable Equity Securities
Mutual funds	$	1,827
Total Marketable Equity Securities		1,827
Total Investment Securities	$	1,827

	February 29, 2020
	Fair Value
Investment Securities
Marketable Equity Securities
Mutual funds	$	2,282
Total Marketable Securities		2,282
Total Investment Securities	$	2,282

Fair Value Measurements and Derivatives (Tables)

9 Months Ended

Nov. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

The following table presents financial assets measured at fair value on a recurring basis at November 30, 2020:

				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash and cash equivalents:
Cash and money market funds	$	21,337		$	21,337	$	—
Derivatives:
Designated for hedging	$	(1,026	)	$	—	$	(1,026	)
Investment securities:
Mutual funds	$	1,827		$	1,827	$	—
Total investment securities	$	1,827		$	1,827	$	—

The following table presents financial assets and liabilities measured at fair value on a recurring basis at February 29, 2020:

				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash and cash equivalents:
Cash and money market funds	$	37,425		$	37,425	$	—
Derivatives:
Designated for hedging	$	(476	)	$	—	$	(476	)
Investment securities:
Mutual funds	$	2,282		$	2,282	$	—
Total investment securities	$	2,282		$	2,282	$	—

Fair Value, by Balance Sheet Grouping

The following table discloses the fair value as of November 30, 2020 and February 29, 2020 of the Company’s derivative instruments:

	Derivative Assets and Liabilities
		Fair Value
	Account	November 30, 2020			February 29, 2020
Designated derivative instruments
Foreign currency contracts	Prepaid expenses and other current assets	$	236		$	—
	Accrued expenses and other current liabilities		(710	)		—
Interest rate swap agreement	Other long-term liabilities		(552	)		(476	)
Total derivatives		$	(1,026	)	$	(476	)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

Activity related to cash flow hedges recorded during the three and nine months ended November 30, 2020 and 2019 was as follows:

	Three months ended						Nine months ended
	November 30, 2020						November 30, 2020
	Pretax Gain (Loss) Recognized in Other Comprehensive Income			Pretax Loss Reclassified from Accumulated Other Comprehensive Income			Pretax Loss Recognized in Other Comprehensive Income			Pretax Loss Reclassified from Accumulated Other Comprehensive Income
Cash flow hedges
Foreign currency contracts	$	(242	)	$	(121	)	$	(707	)	$	(69	)
Interest rate swaps		39			—			(76	)		—

	Three months ended				Nine months ended
	November 30, 2019				November 30, 2019
	Pretax Gain Recognized in Other Comprehensive Income		Pretax Gain Reclassified from Accumulated Other Comprehensive Income		Pretax Gain (Loss) Recognized in Other Comprehensive Income			Pretax Gain Reclassified from Accumulated Other Comprehensive Income
Cash flow hedges
Foreign currency contracts	$	41	$	134	$	357		$	362
Interest rate swaps		79		—		(260	)		—

Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Nov. 30, 2020

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The Company’s accumulated other comprehensive income (loss) consists of the following:

	Foreign Currency Translation Losses			Pension plan adjustments, net of tax			Derivatives designated in a hedging relationship, net of tax			Total
Balance at February 29, 2020	$	(17,739	)	$	(887	)	$	(429	)	$	(19,055	)
Other comprehensive income (loss) before reclassifications		3,608			(85	)		(609	)		2,914
Reclassified from accumulated other comprehensive loss		—			—			95			95
Net current-period other comprehensive income (loss)		3,608			(85	)		(514	)		3,009
Balance at November 30, 2020	$	(14,131	)	$	(972	)	$	(943	)	$	(16,046	)

Supplemental Cash Flow Information (Tables)

9 Months Ended

Nov. 30, 2020

Supplemental Cash Flow Information [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

The following is supplemental information relating to the Unaudited Consolidated Statements of Cash Flows:

	Nine months ended November 30,
	2020		2019
Non-cash investing and financing activities:
Issuance of redeemable equity	$	-	$	1,379
Reclassification of stockholders' equity to redeemable equity		478		745
Increase in goodwill due to measurement period adjustments, net		638		-
Settlement of debt with receivables		607		-
Right of use assets obtained in exchange for operating lease obligations		735		1,214
Right of use assets obtained in exchange for finance lease obligations		-		1,024
Right of use assets recorded in exchange for operating lease obligations upon the adoption of ASC 842		-		2,227
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	836	$	668
Operating cash flows from finance leases		23		36
Finance cash flows from finance leases		470		477
Cash paid during the period:
Interest (excluding bank charges)	$	831	$	726
Income taxes (net of refunds)		1,139		565

Accounting for Stock-Based Compensation (Tables)

9 Months Ended

Nov. 30, 2020

Share Based Compensation [Abstract]

Summary of Activity Related to Initial Stock Grant Additional Stock Grants under Employment Agreement and RSU Grants under 2014 Plan

	Number of Shares		Weighted Average Grant Date Fair Value
Unvested award balance at February 29, 2020		715,152	$	5.07
Granted		88,269		7.18
Vested		99,697		7.21
Vested and settled		100,000		4.15
Unvested award balance at November 30, 2020		603,724	$	5.18

Goodwill and Intangible Assets (Tables)

9 Months Ended

Nov. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The change in goodwill by segment is as follows:

Automotive Electronics:	Amount
Beginning balance at March 1, 2020	$	8,467
Activity during the period		3,928
Balance at November 30, 2020	$	12,395
Gross carrying value at November 30, 2020	$	12,395
Accumulated impairment charge		—
Net carrying value at November 30, 2020	$	12,395
Consumer Electronics:
Beginning balance at March 1, 2020	$	46,533
Activity during the period		—
Balance at November 30, 2020	$	46,533
Gross carrying value at November 30, 2020	$	78,696
Accumulated impairment charge		(32,163	)
Net carrying value at November 30, 2020	$	46,533
Total Goodwill, net	$	58,928

The Company's Biometrics segment did not carry a goodwill balance at November 30, 2020 or February 29, 2020.

Schedule of Intangible Assets, Excluding Goodwill

At November 30, 2020, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	54,604	$	35,312	$	19,292
Trademarks/Tradenames		5,545		681		4,864
Developed technology		14,144		12,448		1,696
Patents		6,729		4,389		2,340
License		1,400		1,400		—
Contracts		1,556		1,556		—
Total finite-lived intangible assets	$	83,978	$	55,786		28,192
Indefinite-lived intangible assets
Trademarks						64,605
Total intangible assets, net					$	92,797

At February 29, 2020, intangible assets consisted of the following:

	Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Finite-lived intangible assets:
Customer relationships	$	51,491	$	31,880	$	19,611
Trademarks/Tradenames		1,045		437		608
Developed technology		14,144		12,244		1,900
Patents		5,651		3,691		1,960
License		1,400		1,400		—
Contracts		1,556		1,556		—
Total finite-lived intangible assets	$	75,287	$	51,208		24,079
Indefinite-lived intangible assets
Trademarks						64,209
Total intangible assets, net					$	88,288

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated aggregate amortization expense for all amortizable intangibles for November 30 of each of the succeeding years is as follows:

Year	Amount
2021	$	5,741
2022		4,933
2023		4,336
2024		4,115
2025		3,991

Equity Investment (Tables)

9 Months Ended

Nov. 30, 2020

Equity Method Investment Summarized Financial Information [Abstract]

Equity Method Investment, Summarized Financial Information

	November 30, 2020		February 29, 2020
Current assets	$	49,755	$	47,738
Non-current assets		4,755		5,453
Liabilities		10,146		9,343
Members' equity		44,364		43,848

	Nine months ended November 30,
	2020		2019
Net sales	$	67,940	$	75,962
Gross profit		21,514		23,345
Operating income		8,761		7,083
Net income		9,012		7,344

Inventory (Tables)

9 Months Ended

Nov. 30, 2020

Inventory Disclosure [Abstract]

Schedule of Inventory, Current

Inventories by major category are as follows:

	November 30, 2020		February 29, 2020
Raw materials	$	25,124	$	29,115
Work in process		2,080		2,366
Finished goods		111,403		67,629
Inventory	$	138,607	$	99,110

Product Warranties and Product Repair Costs (Tables)

9 Months Ended

Nov. 30, 2020

Payables And Accruals Warranties [Abstract]

Schedule of Product Warranty Liability

	Three months ended November 30,						Nine months ended November 30,
	2020			2019			2020			2019
Opening balance	$	5,520		$	4,062		$	4,748		$	4,469
Liabilities for warranties accrued during the period		864			1,445			2,339			3,879
Liabilities acquired during acquisition		—			—			1,200			—
Warranty claims settled during the period		(884	)		(1,076	)		(2,787	)		(3,917	)
Ending balance	$	5,500		$	4,431		$	5,500		$	4,431

Financing Arrangements (Tables)

9 Months Ended

Nov. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt

The Company has the following financing arrangements:

	November 30, 2020		February 29, 2020
Debt
Domestic credit facility (a)	$	—	$	—
Florida mortgage (b)		7,239		7,614
Euro asset-based lending obligation - VOXX Germany (c)		—		—
Euro asset-based lending obligation - Magnat (d)		—		607
Total debt		7,239		8,221
Less: current portion of long-term debt		500		1,107
Long-term debt		6,739		7,114
Less: debt issuance costs		766		1,015
Total long-term debt, net of debt issuance costs	$	5,973	$	6,099

(a)

Domestic Credit Facility

(b)

Florida Mortgage

(c)

Euro Asset-Based Lending Obligation – VOXX Germany

(d)

Euro Asset-Based Lending Obligation - Magnat

Other (Expense) Income (Tables)

9 Months Ended

Nov. 30, 2020

Other Income And Expenses [Abstract]

Schedule of Other Nonoperating (Expense) Income

Other (expense) income is comprised of the following:

	Three months ended November 30,						Nine months ended November 30,
	2020			2019			2020			2019
Foreign currency gain (loss)	$	34		$	61		$	(445	)	$	297
Interest income		6			199			77			814
Rental income		188			176			556			460
Miscellaneous		(349	)		(758	)		(167	)		298
Total other, net	$	(121	)	$	(322	)	$	21		$	1,869

Lease Obligations (Tables)

9 Months Ended

Nov. 30, 2020

Leases [Abstract]

Schedule of Components of Lease Cost

The components of lease cost for the three and nine months ended November 30, 2020 and 2019 were as follows:

	Three months ended November 30,				Nine months ended November 30,
	2020		2019		2020		2019
Operating lease cost (a) (c)	$	328	$	209	$	836	$	668
Finance lease cost:
Amortization of right of use assets (a)		139		167		465		516
Interest on lease liabilities (b)		6		12		23		36
Total finance lease cost	$	145	$	179	$	488	$	552

(a)

Recorded within Selling, General and administrative, Engineering and technical support, and Cost of sales on the Consolidated Statement of Operations and Comprehensive (Loss) Income.

(b)

Recorded within Interest and bank charges on the Consolidated Statement of Operations and Comprehensive Income (Loss).

(c)

Includes immaterial amounts related to variable rent expense.

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

	November 30, 2020			February 29, 2020
Operating Leases
Operating lease, right of use assets	$	4,811		$	3,143
Total operating lease right of use assets	$	4,811		$	3,143
Accrued expenses and other current liabilities	$	1,111		$	784
Operating lease liabilities, less current portion		3,813			2,391
Total operating lease liabilities	$	4,924		$	3,175
Finance Leases
Property, plant, and equipment, gross	$	2,503		$	2,503
Accumulated depreciation		(1,674	)		(1,209	)
Total finance lease right of use assets	$	829		$	1,294
Accrued expenses and other current liabilities	$	469		$	613
Finance lease liabilities, less current portion		386			720
Total finance lease liabilities	$	855		$	1,333
Weighted Average Remaining Lease Term
Operating leases	6.1 years			4.4 years
Finance leases	2.1 years			3.9 years
Weighted Average Discount Rate
Operating leases		4.54	%		5.98	%
Finance leases		3.87	%		3.87	%

Schedule of Maturities of Leases Liabilities

Maturities of lease liabilities on November 30 of each of the succeeding years are as follows:

	Operating Leases		Finance Leases
2021	$	1,303		483
2022		1,119		274
2023		807		118
2024		632		—
2025		456		—
Thereafter		1,228		—
Total lease payments		5,545		875
Less imputed interest		621		20
Total	$	4,924		855

Capital Structure (Tables)

9 Months Ended

Nov. 30, 2020

Equity [Abstract]

Schedule of Capital Units

The Company's capital structure is as follows:

			Shares Authorized				Shares Outstanding
Security	Par Value		November 30, 2020		February 29, 2020		November 30, 2020		February 29, 2020		Voting Rights per Share		Liquidation Rights
Preferred Stock	$	50.00		50,000		50,000		—		—		—	$50 per share
Series Preferred Stock	$	0.01		1,500,000		1,500,000		—		—		—		—
Class A Common Stock	$	0.01		60,000,000		60,000,000		21,666,976		21,556,976		1	Ratably with Class B
Class B Common Stock	$	0.01		10,000,000		10,000,000		2,260,954		2,260,954		10	Ratably with Class A
Treasury Stock at cost	at cost			2,749,218		2,749,218	N/A		N/A		N/A

Variable Interest Entity (Tables) - Variable Interest Entity, Primary Beneficiary [Member]

9 Months Ended

Nov. 30, 2020

Variable Interest Entity [Line Items]

Summary of Carrying Values of Assets and Liabilities Included in Consolidated Balance Sheets

The following table sets forth the carrying values of assets and liabilities of EyeLock LLC that were included on our Consolidated Balance Sheets as of November 30, 2020 and February 29, 2020:

	November 30, 2020			February 29, 2020
Assets	(unaudited)
Current assets:
Cash and cash equivalents	$	—		$	—
Accounts receivable, net		210			147
Inventory, net		2,212			2,052
Prepaid expenses and other current assets		253			313
Total current assets		2,675			2,512
Property, plant and equipment, net		27			69
Intangible assets, net		2,397			2,600
Other assets		60			76
Total assets	$	5,159		$	5,257
Liabilities and Partners' Deficit
Current liabilities:
Accounts payable	$	1,427		$	2,086
Interest payable to VOXX		11,077			9,994
Accrued expenses and other current liabilities		1,000			252
Due to VOXX		59,033			54,074
Total current liabilities		72,537			66,406
Other long-term liabilities		1,200			1,200
Total liabilities		73,737			67,606
Commitments and contingencies
Partners' deficit:
Capital		41,416			41,416
Retained losses		(109,994	)		(103,765	)
Total partners' deficit		(68,578	)		(62,349	)
Total liabilities and partners' deficit	$	5,159		$	5,257

Summary of Revenues and Expenses Included in Consolidated Statements of Operations and Comprehensive Income (Loss)

	For the three months ended November 30,						For the nine months ended November 30,
	2020			2019			2020			2019
Net sales	$	343		$	138		$	703		$	412
Cost of sales		293			178			674			592
Gross profit		50			(40	)		29			(180	)
Operating expenses:
Selling		132			173			434			535
General and administrative		446			1,123			1,303			3,500
Engineering and technical support		1,178			1,232			3,427			3,951
Total operating expenses		1,756			2,528			5,164			7,986
Operating loss		(1,706	)		(2,568	)		(5,135	)		(8,166	)
Other expense:
Interest and bank charges		(372	)		(324	)		(1,094	)		(939	)
Other, net		—			79			—			79
Total other expense, net		(372	)		(245	)		(1,094	)		(860	)
Loss before income taxes		(2,078	)		(2,813	)		(6,229	)		(9,026	)
Income tax expense		—			—			—			—
Net loss	$	(2,078	)	$	(2,813	)	$	(6,229	)	$	(9,026	)

Segment Reporting (Tables)

9 Months Ended

Nov. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segments

Segment data for each of the Company's segments is presented below:

	Automotive Electronics		Consumer Electronics		Biometrics			Corporate/ Eliminations			Total
Three Months Ended November 30, 2020
Net sales	$	61,488	$	139,039	$	343		$	195		$	201,065
Equity in income of equity investees		1,761		—		—			—			1,761
Interest expense and bank charges		537		2,290		372			(2,728	)		471
Depreciation and amortization expense		876		1,002		75			981			2,934
Income (loss) before income taxes		6,601		20,351		(2,078	)		(5,100	)		19,774

Three Months Ended November 30, 2019
Net sales	$	29,985	$	79,914	$	138		$	75		$	110,112
Equity in income of equity investees		967		—		—			—			967
Interest expense and bank charges		137		2,560		324			(2,270	)		751
Depreciation and amortization expense		187		1,093		783			1,038			3,101
Income (loss) before income taxes		92		9,583		(2,813	)		(2,775	)		4,087

Nine Months Ended November 30, 2020
Net sales	$	111,397	$	288,545	$	703		$	439		$	401,084
Equity in income of equity investees		4,506		—		—			—			4,506
Interest expense and bank charges		1,058		6,584		1,094			(6,402	)		2,334
Depreciation and amortization expense		2,050		2,921		247			3,006			8,224
Income (loss) before income taxes		3,730		33,087		(6,229	)		(8,974	)		21,614

Nine Months Ended November 30, 2019
Net sales	$	86,472	$	206,601	$	398		$	341		$	293,812
Equity in income of equity investees		3,672		—		—			—			3,672
Interest expense and bank charges		354		7,427		939			(6,085	)		2,635
Depreciation and amortization expense		567		3,356		2,352			2,954			9,229
Income (loss) before income taxes		869		8,976		(8,835	)		(7,989	)		(6,979	)

Revenue from Contracts with Customers (Tables)

9 Months Ended

Nov. 30, 2020

Revenue From Contract With Customer [Abstract]

Disaggregation of Revenue

In the following table, the Company's net sales are disaggregated by segment and product type for the three and nine months ended November 30, 2020 and 2019:

	Three months ended November 30,				Nine months ended November 30,
	2020		2019		2020		2019
Automotive Electronics Segment
OEM Products	$	14,089	$	10,628	$	32,462	$	37,391
Aftermarket Products		47,399		19,357		78,935		49,081
Total Automotive Segment		61,488		29,985		111,397		86,472
Consumer Electronics Segment
Premium Audio Products		112,681		53,250		216,501		128,056
Other Consumer Electronic Products		26,358		26,664		72,044		78,545
Total Consumer Electronics Segment		139,039		79,914		288,545		206,601
Biometrics Segment
Biometric Products		343		138		703		398
Total Biometrics Segment		343		138		703		398
Corporate/Eliminations		195		75		439		341
Total Net Sales	$	201,065	$	110,112	$	401,084	$	293,812

Basis of Presentation - Additional Information (Details)	9 Months Ended
	Nov. 30, 2020 Segment
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of reportable segments	3

Acquisitions - Additional Information (Details) - USD ($) $ in Thousands				3 Months Ended	9 Months Ended
	Jul. 01, 2020	Jan. 31, 2020	Jan. 31, 2020	Nov. 30, 2020	Nov. 30, 2020
Business Acquisition [Line Items]
Increase in goodwill by cumulative net measurement period adjustment					$ 638
Business combination, consideration transferred			$ 16,500
Business combination, preliminary purchase price		$ 16,610	16,610
Business combination, contingent consideration, liability		110	$ 110
Business combination, acquisition completion period			12 months
Maximum [Member]
Business Acquisition [Line Items]
Business combination, contingent consideration, liability payable		750	$ 750
Directed LLC and Directed Electronics Canada Inc [Member]
Business Acquisition [Line Items]
Cash purchase price	$ 11,000
Increase in goodwill by cumulative net measurement period adjustment	55			$ 55	$ 55
Business combination, preliminary purchase price	$ 11,000
Directed LLC and Directed Electronics Canada Inc [Member] \| VOXX DEI LLC and VOXX DEI Canada, Ltd. [Member]
Business Acquisition [Line Items]
Percentage of net sales from consolidated net sales				11.80%	7.10%
VSHC [Member]
Business Acquisition [Line Items]
Increase in goodwill by cumulative net measurement period adjustment		583		$ 583	$ 583
Business combination, preliminary purchase price		$ 16,610	$ 16,610
VSHC [Member] \| VSM-Rostra, LLC [Member]
Business Acquisition [Line Items]
Percentage of net sales from consolidated net sales				3.20%	4.30%

Acquisitions - Summary of Allocation of Purchase Price for Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands			3 Months Ended	9 Months Ended
	Jul. 01, 2020	Jan. 31, 2020	Nov. 30, 2020	Nov. 30, 2020	Feb. 29, 2020
Business Acquisition [Line Items]
Goodwill, measurement period adjustments				$ 638
Goodwill			$ 58,928	58,928	$ 55,000
Total purchase price		$ 16,610
Directed LLC and Directed Electronics Canada Inc [Member]
Business Acquisition [Line Items]
Inventory	$ 7,054
Accounts receivable	5,173
Other current assets	160
Property and equipment	2,815
Operating lease, right of use asset	1,771
Goodwill	3,290
Total assets acquired	28,393
Accounts payable	8,144
Accrued expenses	1,406
Contract liabilities	4,872
Warranty accrual	1,200
Operating lease liability	1,771
Total	17,393
Total purchase price	11,000
Accounts receivable, measurement period adjustments	67
Goodwill, measurement period adjustments	55		55	55
Total assets acquired, measurement period adjustments	22
Accrued expenses, right of use asset, measurement period adjustments	11
Contract liabilities, measurement period adjustments	11
Liabilities assumed, measurement period adjustments	22
Inventory	7,054
Accounts receivable	5,240
Other current assets	160
Property and equipment	2,815
Operating lease, right of use asset	1,771
Goodwill	3,345
Total assets acquired	28,415
Accounts payable	8,144
Accrued expenses	1,417
Contract liabilities	4,883
Warranty accrual	1,200
Operating lease liability	1,771
Total	17,415
Total purchase price	11,000
Directed LLC and Directed Electronics Canada Inc [Member] \| Trademarks [Member]
Business Acquisition [Line Items]
Intangible assets other than goodwill	4,500
Intangible assets other than goodwill	4,500
Directed LLC and Directed Electronics Canada Inc [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible assets other than goodwill	2,600
Intangible assets other than goodwill, measurement period adjustments	(100)
Intangible assets other than goodwill	2,500
Directed LLC and Directed Electronics Canada Inc [Member] \| Patented Technology [Member]
Business Acquisition [Line Items]
Intangible assets other than goodwill	1,030
Intangible assets other than goodwill	$ 1,030
VSHC [Member]
Business Acquisition [Line Items]
Inventory		6,982
Accounts receivable		3,415
Other current assets		145
Property and equipment		714
Operating lease, right of use asset		483
Goodwill		215
Other non-current assets		3
Total assets acquired		18,257
Accounts payable		757
Accrued expenses		219
Lease liabilities		483
Warranty accrual		188
Total		1,647
Total purchase price		16,610
Inventory, measurement period adjustments		(489)
Goodwill, measurement period adjustments		583	$ 583	$ 583
Total assets acquired, measurement period adjustments		94
Accrued expenses, right of use asset, measurement period adjustments		94
Liabilities assumed, measurement period adjustments		94
Inventory		6,493
Accounts receivable		3,415
Other current assets		145
Property and equipment		714
Operating lease, right of use asset		483
Goodwill		798
Other non-current assets		3
Total assets acquired		18,351
Accounts payable		757
Accrued expenses		313
Lease liabilities		483
Warranty accrual		188
Total		1,741
Total purchase price		16,610
VSHC [Member] \| Trademarks [Member]
Business Acquisition [Line Items]
Intangible assets other than goodwill		560
Intangible assets other than goodwill		560
VSHC [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible assets other than goodwill		5,460
Intangible assets other than goodwill		5,460
VSHC [Member] \| Patented Technology [Member]
Business Acquisition [Line Items]
Intangible assets other than goodwill		280
Intangible assets other than goodwill		$ 280

Net Income (Loss) Per Common Share - Additional Information (Details)	3 Months Ended		9 Months Ended
	Nov. 30, 2020 shares	Nov. 30, 2019 shares	Nov. 30, 2020 shares	Nov. 30, 2019 shares
Net Income Per Common Share [Abstract]
Reconciling Items to basic and diluted EPS			0
Antidilutive securities excluded from computation of earnings per share, amount	0	43,374	17,009	672,531

Net Income (Loss) Per Common Share - Reconciliation Between Denominator of Basic and Diluted Net Income (Loss) Per Common Share (Details) - shares	3 Months Ended		9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Net Income Per Common Share [Abstract]
Weighted-average common shares outstanding (basic)	24,197,786	24,418,313	24,196,393	24,458,926
Restricted stock and stock grants	479,739	207,097	335,936	0
Weighted-average common shares and potential common shares outstanding (diluted)	24,677,525	24,625,410	24,532,329	24,458,926

Investment Securities - Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Nov. 30, 2020	Feb. 29, 2020
Gain (Loss) on Securities [Line Items]
Marketable Equity Securities	$ 1,827	$ 2,282
Investments, Fair Value Disclosure	1,827	2,282
Mutual Funds [Member]
Gain (Loss) on Securities [Line Items]
Marketable Equity Securities	$ 1,827	$ 2,282

Investment Securities - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Nov. 30, 2020	Nov. 30, 2020	Nov. 30, 2019	Feb. 28, 2018
RxNetworks [Member]
Gain (Loss) on Securities [Line Items]
Cost-method investments, realized gain (loss)	$ 42	$ 42	$ 775	$ 1,416

Fair Value Measurements and Derivatives - Additional Information (Details)	9 Months Ended
	Nov. 30, 2020 USD ($)	Feb. 29, 2020 USD ($)	Jul. 20, 2015
Derivative Instruments Gain Loss [Line Items]
Derivative, Fixed Interest Rate			3.48%
Gain (Loss) from Components Excluded from Assessment of Cash Flow Hedge Effectiveness	$ 0
Foreign currency contracts terminated	0
Foreign Exchange Forward [Member]
Derivative Instruments Gain Loss [Line Items]
Notional Amount of Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 13,160,000
Interest Rate Swap [Member]
Derivative Instruments Gain Loss [Line Items]
Notional Amount of Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 7,239,000
Minimum [Member]
Derivative Instruments Gain Loss [Line Items]
Forward foreign currency contracts, range	1 month
Maximum [Member]
Derivative Instruments Gain Loss [Line Items]
Forward foreign currency contracts, range	15 months
Fair Value Measurements Recurring [Member] \| Level 3 [Member]
Derivative Instruments Gain Loss [Line Items]
Asset measured at fair value	$ 0	$ 0
Liabilities measured at fair value	$ 0	$ 0

Fair Value Measurements and Derivatives - Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Nov. 30, 2020	Feb. 29, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 21,337	$ 37,425
Foreign Currency Contract, Asset, Fair Value Disclosure	(1,026)	(476)
Investments, Fair Value Disclosure	1,827	2,282
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	1,827	2,282
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	21,337	37,425
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0
Investments, Fair Value Disclosure	1,827	2,282
Fair Value, Inputs, Level 1 [Member] \| Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	1,827	2,282
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Foreign Currency Contract, Asset, Fair Value Disclosure	(1,026)	(476)
Investments, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 [Member] \| Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 0	$ 0

Fair Value Measurements and Derivatives - Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Nov. 30, 2020	Feb. 29, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Prepaid expenses and other current assets	$ 17,880	$ 10,885
Accrued expenses and other current liabilities	(55,695)	(34,046)
Derivative Assets and Liabilities	(1,026)	(476)
Designated as Hedging Instrument [Member] \| Foreign Exchange Forward [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Prepaid expenses and other current assets	236	0
Accrued expenses and other current liabilities	(710)	0
Designated as Hedging Instrument [Member] \| Interest Rate Swap [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other Liabilities	$ (552)	$ (476)

Fair Value Measurements and Derivatives - Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Foreign Exchange Forward [Member]
Derivative Instruments Gain Loss [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ (242)	$ 41	$ (707)	$ 357
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(121)	134	(69)	362
Interest Rate Swap [Member]
Derivative Instruments Gain Loss [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	39	79	(76)	(260)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 0	$ 0	$ 0	$ 0

Accumulated Other Comprehensive Income (Loss) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Nov. 30, 2020	Aug. 31, 2020	May 31, 2020	Nov. 30, 2019	Aug. 31, 2019	May 31, 2019	Nov. 30, 2020	Nov. 30, 2019
Accumulated Other Comprehensive Income Loss [Line Items]
Stockholders equity, beginning of period	$ 348,484	$ 339,588	$ 348,229	$ 382,870	$ 391,984	$ 395,101	$ 348,229	$ 395,101
Other comprehensive income (loss) before reclassifications							2,914
Reclassified from accumulated other comprehensive loss							95
Other comprehensive income (loss), net of tax	30	2,666	313	(280)	(383)	(904)	3,009	(1,567)
Stockholders equity, end of period	366,530	348,484	339,588	383,017	382,870	391,984	366,530	383,017
Foreign Currency Translation Losses [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Stockholders equity, beginning of period			(17,739)				(17,739)
Other comprehensive income (loss) before reclassifications							3,608
Reclassified from accumulated other comprehensive loss							0
Other comprehensive income (loss), net of tax							3,608
Stockholders equity, end of period	(14,131)						(14,131)
Pension Plan Adjustments, Net of Tax [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Stockholders equity, beginning of period			(887)				(887)
Other comprehensive income (loss) before reclassifications							(85)
Reclassified from accumulated other comprehensive loss							0
Other comprehensive income (loss), net of tax							(85)
Stockholders equity, end of period	(972)						(972)
Derivatives Designated in a Hedging Relationship, Net of Tax [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Stockholders equity, beginning of period			(429)				(429)
Other comprehensive income (loss) before reclassifications							(609)
Reclassified from accumulated other comprehensive loss							95
Other comprehensive income (loss), net of tax							(514)
Stockholders equity, end of period	(943)						(943)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Stockholders equity, beginning of period	(16,076)	(18,742)	(19,055)	(18,231)	(17,848)	(16,944)	(19,055)	(16,944)
Other comprehensive income (loss), net of tax	30	2,666	313	(280)	(383)	(904)
Stockholders equity, end of period	$ (16,046)	$ (16,076)	$ (18,742)	$ (18,511)	$ (18,231)	$ (17,848)	$ (16,046)	$ (18,511)

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

Accumulated Other Comprehensive Income (Loss) - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Nov. 30, 2020	Nov. 30, 2020
Accumulated Other Comprehensive Income Loss [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	$ 38	$ 200
Other Comprehensive Income (Loss), Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 0	0
Other comprehensive income (loss) before reclassifications		2,914
Foreign Currency Translation Losses [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss) before reclassifications		3,608
Foreign Currency Translation Losses [Member] \| Intercompany Transactions Of Long Term Investment Nature [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss) before reclassifications		(983)
Foreign Currency Translation Losses [Member] \| Translating Financial Statements [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss) before reclassifications		$ 4,591

Supplemental Cash Flow Information - Schedule of Cash Flow, Supplemental Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Aug. 31, 2019	Nov. 30, 2020	Nov. 30, 2019
Other Significant Noncash Transactions [Line Items]
Issuance of redeemable equity			$ 1,379
Reclassification of stockholders' equity to redeemable equity	$ (745)	$ 478	745
Increase in goodwill due to measurement period adjustments, net		638
Settlement of debt with receivables		607
Right of use assets obtained in exchange for operating lease obligations		735	1,214
Right of use assets obtained in exchange for finance lease obligations			1,024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		836	668
Operating cash flows from finance leases		23	36
Finance cash flows from finance leases		470	477
Non-cash investing activities:
Interest (excluding bank charges)		831	726
Income taxes (net of refunds)		$ 1,139	565
Adoption of ASC 842 [Member]
Other Significant Noncash Transactions [Line Items]
Right of use assets obtained in exchange for operating lease obligations			$ 2,227

Accounting for Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended		3 Months Ended	9 Months Ended		12 Months Ended
	Jul. 08, 2019	Oct. 31, 2020	Jul. 31, 2020	Nov. 30, 2020	Nov. 30, 2020	Nov. 30, 2019	Feb. 28, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense					$ 1,454	$ 1,816
Patrick M. Lavelle [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Annual salary and cash bonus	$ 1,000
Stock based compensation expense				$ 60	$ 182
Grant of market stock units maximum amount	$ 5,000
Maximum average stock price of grant market stock units	$ 5.49
Maximum increase amount of market stock units award	$ 5,000
Maximum threshold share price increases in value of award	$ 15.00
Estimated Maximum threshold share increases in value of award	333,333
Patrick M. Lavelle [Member] \| Common Class A [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value				$ 4.15	$ 4.15
Award vesting period	5 years
Stock based compensation expense				$ 102	$ 308
Patrick M. Lavelle [Member] \| Common Class A [Member] \| March 1, 2021 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional grant of shares under employment agreement	100,000
Patrick M. Lavelle [Member] \| Common Class A [Member] \| March 1, 2020 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional grant of shares under employment agreement	100,000
Patrick M. Lavelle [Member] \| Common Class A [Member] \| March 1, 2022 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional grant of shares under employment agreement	100,000
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Allocated Share-based Compensation Expense				768	1,454
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized				$ 1,760	$ 1,760
2014 Plan [Member] \| Restricted Stock Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period							3 years
Share-based payment award vesting age of employee							65 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value					$ 7.18
Vested and unsettled awards			105,123		99,697
Vested and unsettled awards, weighted average fair value					$ 7.21
Amount of vested and settled awards in cash			$ 575
2014 Plan [Member] \| Restricted Stock Units [Member] \| Employees [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted			48,269
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 5.76
2014 Plan [Member] \| Restricted Stock Units [Member] \| Non-Employee Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted		40,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 8.89
2014 Plan [Member] \| Restricted Stock Units [Member] \| Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment award vesting required service period							10 years
2014 Plan [Member] \| Unsettled RSU Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vested and unsettled awards					278,318
Vested and unsettled awards, weighted average fair value					$ 7.71
2012 Equity Incentive Plan [Member] \| Patrick M. Lavelle [Member] \| Common Class A [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant of initial shares under employment agreement	200,000

Accounting for Stock-Based Compensation - Summary of Activity Related to Initial Stock Grant Additional Stock Grants under Employment Agreement and RSU Grants under 2014 Plan (Details) - 2014 Plan [Member] - Restricted Stock Units [Member] - $ / shares	1 Months Ended	9 Months Ended
	Jul. 31, 2020	Nov. 30, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		715,152
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		88,269
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	105,123	99,697
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Settled in Period		100,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		603,724
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 5.07
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		7.18
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value		7.21
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Settled Period, Weighted Average Grant Date Fair Value		4.15
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 5.18

Supply Chain Financing - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Supply Chain Financing [Abstract]
Proceeds from Sale and Collection of Receivables	$ 20,876	$ 14,062	$ 60,039	$ 50,897

Research and Development - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Research And Development [Abstract]
Research and Development Expense	$ 1,892	$ 1,672	$ 5,413	$ 5,434

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	9 Months Ended
	Nov. 30, 2020 USD ($)
Goodwill [Line Items]
Goodwill	$ 55,000
Goodwill	58,928
Automotive Electronics [Member]
Goodwill [Line Items]
Goodwill	8,467
Goodwill, Acquired During Period	3,928
Goodwill	12,395
Goodwill, Gross	12,395
Goodwill, Impaired, Accumulated Impairment Loss	0
Consumer Electronics [Member]
Goodwill [Line Items]
Goodwill	46,533
Goodwill, Acquired During Period	0
Goodwill	46,533
Goodwill, Gross	78,696
Goodwill, Impaired, Accumulated Impairment Loss	$ (32,163)

Goodwill and Intangible Assets - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019	Feb. 29, 2020
Goodwill and Intangible Assets [Line Items]
Goodwill	$ 58,928,000		$ 58,928,000		$ 55,000,000
Amortization of Intangible Assets	1,477,000	$ 1,748,000	3,973,000	$ 5,243,000
Biometrics [Member]
Goodwill and Intangible Assets [Line Items]
Goodwill	$ 0		$ 0		$ 0

Goodwill and Intangible Assets - Schedule of Intangible Assets, Excluding Goodwill (Details) - USD ($) $ in Thousands	Nov. 30, 2020	Feb. 29, 2020
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 83,978	$ 75,287
Finite-Lived Intangible Assets, Accumulated Amortization	55,786	51,208
Finite-Lived Intangible Assets, Net	28,192	24,079
Intangible assets, net	92,797	88,288
Trademarks [Member]
Goodwill and Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	64,605	64,209
Customer Relationships [Member]
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	54,604	51,491
Finite-Lived Intangible Assets, Accumulated Amortization	35,312	31,880
Finite-Lived Intangible Assets, Net	19,292	19,611
Trademarks and Tradenames [Member]
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	5,545	1,045
Finite-Lived Intangible Assets, Accumulated Amortization	681	437
Finite-Lived Intangible Assets, Net	4,864	608
Patented Technology [Member]
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	14,144	14,144
Finite-Lived Intangible Assets, Accumulated Amortization	12,448	12,244
Finite-Lived Intangible Assets, Net	1,696	1,900
Patents [Member]
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	6,729	5,651
Finite-Lived Intangible Assets, Accumulated Amortization	4,389	3,691
Finite-Lived Intangible Assets, Net	2,340	1,960
Licensing Agreements [Member]
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,400	1,400
Finite-Lived Intangible Assets, Accumulated Amortization	1,400	1,400
Finite-Lived Intangible Assets, Net	0	0
Contractual Rights [Member]
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,556	1,556
Finite-Lived Intangible Assets, Accumulated Amortization	1,556	1,556
Finite-Lived Intangible Assets, Net	$ 0	$ 0

Goodwill and Intangible Assets - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) $ in Thousands	Nov. 30, 2020 USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2021	$ 5,741
2022	4,933
2023	4,336
2024	4,115
2025	$ 3,991

Equity Investment - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019	Feb. 29, 2020
Schedule of Equity Method Investments [Line Items]
Income (Loss) from Equity Method Investments	$ 1,761	$ 967	$ 4,506	$ 3,672
ASA Electronics, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%		50.00%		50.00%

Equity Investment - Equity Method Investment, Summarized Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Nov. 30, 2020	Aug. 31, 2020	May 31, 2020	Nov. 30, 2019	Aug. 31, 2019	May 31, 2019	Nov. 30, 2020	Nov. 30, 2019	Feb. 29, 2020	Feb. 28, 2019
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Summarized Financial Information, Current Assets	$ 333,851						$ 333,851		$ 217,820
Equity Method Investment, Summarized Financial Information, Current Liabilities	170,817						170,817		71,022
Equity Method Investment Summarized Financial Information, Equity	366,530	$ 348,484	$ 339,588	$ 383,017	$ 382,870	$ 391,984	366,530	$ 383,017	348,229	$ 395,101
Equity Method Investment, Summarized Financial Information, Gross Profit (Loss)	58,128			31,464			116,179	81,242
Equity Method Investment, Summarized Financial Information, Net Income (Loss)	17,440	$ 6,555	$ (9,105)	$ 1,367	$ (7,164)	$ (2,372)	14,890	(8,169)
ASA Electronics, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Summarized Financial Information, Current Assets	49,755						49,755		47,738
Equity Method Investment, Summarized Financial Information, Noncurrent Assets	4,755						4,755		5,453
Equity Method Investment, Summarized Financial Information, Current Liabilities	10,146						10,146		9,343
Equity Method Investment Summarized Financial Information, Equity	$ 44,364						44,364		$ 43,848
Equity Method Investment, Summarized Financial Information, Revenue							67,940	75,962
Equity Method Investment, Summarized Financial Information, Gross Profit (Loss)							21,514	23,345
Equity Method Investment, Summarized Financial Information, Income (Loss) from Continuing Operations							8,761	7,083
Equity Method Investment, Summarized Financial Information, Net Income (Loss)							$ 9,012	$ 7,344

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019	Feb. 29, 2020
Income Tax Disclosure [Abstract]
Net operating loss carried back period			2 years
Net operating loss carried forward period			20 years
Net operating loss, income tax provision			$ 4,275
Income tax provision (benefit)	$ 2,334	$ 2,720	6,724	$ 1,190
Unrecognized tax benefits, period increase (decrease)	542	$ 1,035	3,609	345
Unrecognized tax benefits, period increase (decrease) excluding U.S. tax jurisdiction from estimated annual effective tax rate	1,153			50
Unrecognized tax benefits, period increase (decrease) due to reversal of uncertain tax provision liabilities resulting from lapse of applicable statute of limitations	$ 118		$ 697	$ 295
Effective income tax rate, continuing operations	11.80%	66.60%	31.10%	17.10%
Income (loss) from continuing operations before income taxes, noncontrolling interest	$ 19,774	$ 4,087	$ 21,614	$ (6,979)
Effective income tax rate reconciliation, at federal statutory income tax rate, percent	21.00%	21.00%	21.00%	21.00%
Unrecognized tax benefit, interest expense			$ 31
Liability for uncertainty in income taxes, noncurrent	$ 1,123		$ 1,123		$ 1,225

Inventory - Schedule of Inventory, Current (Details) - USD ($) $ in Thousands	Nov. 30, 2020	Feb. 29, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 25,124	$ 29,115
Work in process	2,080	2,366
Finished goods	111,403	67,629
Inventory	$ 138,607	$ 99,110

Product Warranties and Product Repair Costs - Schedule of Product Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Payables And Accruals Warranties [Abstract]
Opening balance	$ 5,520	$ 4,062	$ 4,748	$ 4,469
Liabilities for warranties accrued during the period	864	1,445	2,339	3,879
Liabilities acquired during acquisition	0	0	1,200	0
Warranty claims settled during the period	(884)	(1,076)	(2,787)	(3,917)
Ending balance	$ 5,500	$ 4,431	$ 5,500	$ 4,431

Accrued Restructuring Expense - Additional Information (Details) - USD ($)	3 Months Ended	9 Months Ended
	Nov. 30, 2020	Nov. 30, 2020	Feb. 29, 2020
Restructuring And Related Activities [Abstract]
Restructuring liability, included accrued expenses and other current liabilities	$ 105,000	$ 105,000	$ 637,000
Additional accruals settled	63,000	532,000
Restructuring expenses	$ 0	$ 0

Financing Arrangements - Schedule of Debt (Details) - USD ($)
$ in Thousands

Nov. 30, 2020

Feb. 29, 2020

Debt, Long-term and Short-term, Combined Amount

$ 7,239

$ 8,221

Current portion of long-term debt

500

1,107

Long-term debt

6,739

7,114

Less: debt issuance costs

766

1,015

Total long-term debt, net of debt issuance costs

5,973

6,099

Mortgages [Member]

Debt, Long-term and Short-term, Combined Amount

^[1]

7,239

7,614

Less: debt issuance costs

$ 163

Magnat [Member] | Foreign Line of Credit [Member]

Debt, Long-term and Short-term, Combined Amount

^[2]

$ 607

[1]

Florida Mortgage

[2]

Euro Asset-Based Lending Obligation - Magnat

Financing Arrangements - Schedule of Debt (Parenthetical) (Details) € in Thousands	1 Months Ended			3 Months Ended		9 Months Ended
	Nov. 30, 2020 USD ($) Rate	Jun. 30, 2020 USD ($)	Apr. 30, 2020 USD ($)	Nov. 30, 2020 USD ($) Rate	Nov. 30, 2019 USD ($)	Nov. 30, 2020 USD ($) Rate	Nov. 30, 2019 USD ($)	Nov. 30, 2020 EUR (€) Rate	Feb. 29, 2020 USD ($)	Jul. 20, 2015	Jul. 06, 2015 USD ($)	Oct. 23, 2000 EUR (€)
Line of credit facility, remaining borrowing capacity	$ 107,033,000			$ 107,033,000		$ 107,033,000
Percentage of maximum revolver amount						20.00%
Debt instrument compliance description						Company is in a Compliance Period (the period commencing on that day in which Excess Availability is less than 20% of the Maximum Revolver Amount and ending on a day in which Excess Availability is equal to or greater than 20% for any consecutive 30-day period thereafter)
Line of credit facility, commitment fee amount				130,000	$ 125,000	$ 371,000	$ 378,000
Line of credit facility, additional financing fees		$ 260,000
Amortization of debt issuance costs				106,000	198,000	432,000	593,000
Debt issuance costs, net	766,000			766,000		$ 766,000			$ 1,015,000
Industrial revenue bond											$ 9,995,000
Mortgage bears interest rate						0.70%
Debt issuance costs, gross	$ 332,000			$ 332,000		$ 332,000
Derivative, Fixed Interest Rate										3.48%
Mortgages [Member]
Debt instrument, basis spread on variable rate \| Rate						1.54%
Debt instrument, interest rate at period end \| Rate	1.69%			1.69%		1.69%		1.69%
Amortization of debt issuance costs				$ 8,000	$ 8,000	$ 23,000	$ 23,000
Debt issuance costs, net	$ 163,000			$ 163,000		$ 163,000
Debt instrument, term						10 years
June 2020 Amendment to Credit Facility [Member]
Amortization of debt issuance costs						$ 53,000
London Interbank Offered Rate (LIBOR) [Member]
Debt instrument, interest rate at period end	3.00%			3.00%		3.00%		3.00%
London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Debt instrument, basis spread on variable rate						2.00%
London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Debt instrument, basis spread on variable rate						2.50%
Base Rate [Member]
Debt instrument, interest rate at period end	4.50%			4.50%		4.50%		4.50%
Base Rate [Member] \| Minimum [Member]
Debt instrument, basis spread on variable rate						1.00%
Base Rate [Member] \| Maximum [Member]
Debt instrument, basis spread on variable rate						1.50%
Debt instrument interest rate during period						2.00%
Loans [Member]
Line of credit facility, maximum borrowing capacity	$ 15,000,000			$ 15,000,000		$ 15,000,000
Revolving Credit Facility [Member]
Line of credit facility, current borrowing capacity	127,500,000			127,500,000		127,500,000
Line of credit facility, repaid	20,000,000
Line of credit facility, maturity date		Apr. 26, 2022
Revolving Credit Facility [Member] \| COVID-19 [Member]
Line of credit facility, borrowed			$ 20,000,000
Letter of Credit [Member]
Line of credit facility, maximum borrowing capacity	30,000,000			30,000,000		30,000,000
Line of Credit [Member]
Debt issuance costs, net	$ 603,000			$ 603,000		$ 603,000
Foreign Line of Credit [Member] \| Audiovox Germany [Member]
Line of credit facility, maximum borrowing capacity \| €												€ 8,000
Debt instrument, basis spread on variable rate \| Rate						2.30%
Debt instrument, interest rate at period end \| Rate	2.30%			2.30%		2.30%		2.30%
Line of credit facility, maturity date						Jul. 31, 2023
Line of credit facility, outstanding balance \| €								€ 0
Foreign Line of Credit [Member] \| Magnat [Member]
Debt instrument, basis spread on variable rate \| Rate						2.10%
Line of credit facility, maturity date						Nov. 30, 2020

Other (Expense) Income - Schedule of Other Nonoperating (Expense) Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Other Income And Expenses [Abstract]
Foreign currency gain (loss)	$ 34	$ 61	$ (445)	$ 297
Interest income	6	199	77	814
Rental income	188	176	556	460
Miscellaneous	(349)	(758)	(167)	298
Total other, net	$ (121)	$ (322)	$ 21	$ 1,869

Other (Expense) Income - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019
Payment in settlement of final working capital calculation	$ 804
Klipsch Group Inc [Member]
Proceeds from key man life insurance policy		$ 1,000

Foreign Currency - Additional Information (Details)	9 Months Ended
Foreign Currency - Additional Information (Details)	Nov. 30, 2020 USD ($)	Nov. 30, 2019
Foreign Currency [Line Items]
Cumulative inflation period	3 years
Impairment of long-lived assets held-for-use	$ 0
Minimum [Member]
Foreign Currency [Line Items]
Cumulative inflation rate	100.00%
Venezuelan Bolívar Soberano
Foreign Currency [Line Items]
Foreign currency exchange rate, translation	1,033,000	38,109

Lease Obligations - Additional Information (Details) € in Thousands			3 Months Ended		9 Months Ended
	Sep. 30, 2019 USD ($)	Sep. 30, 2019 EUR (€)	Nov. 30, 2020 USD ($)	Nov. 30, 2019 USD ($)	Nov. 30, 2020 USD ($)	Nov. 30, 2019 USD ($)
Leases [Line Items]
Short term leases			$ 0		$ 0
Gain related to execution of sale transaction				$ 4,057,000		$ 4,057,000
Other Income (Expense) [Member]
Leases [Line Items]
Rental income			$ 188,000	176,000	$ 556,000	460,000
Selling Real Property in Pulheim, Germany to CLM S.A. RL [Member]
Leases [Line Items]
Sale leaseback transaction, selling price \| €		€ 10,920
Net proceeds from sale leaseback transaction	$ 9,500,000
Gain related to execution of sale transaction				$ 4,057,000		$ 4,057,000
Minimum [Member]
Leases [Line Items]
Operating and finance leases remaining lease terms					1 year
Maximum [Member]
Leases [Line Items]
Operating and finance leases remaining lease terms					10 years

Lease Obligations - Schedule of Components of Lease Cost (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Nov. 30, 2020

Nov. 30, 2019

Nov. 30, 2020

Nov. 30, 2019

Leases [Abstract]

Operating lease cost

^[1],[2]

$ 328

$ 209

$ 836

$ 668

Finance lease cost:

Amortization of right of use assets

^[2]

139

167

465

516

Interest on lease liabilities

^[3]

Total finance lease cost

$ 145

$ 179

$ 488

$ 552

[1]	Includes immaterial amounts related to variable rent expense.
[2]	Recorded within Selling, General and administrative, Engineering and technical support, and Cost of sales on the Consolidated Statement of Operations and Comprehensive (Loss) Income.
[3]	Recorded within Interest and bank charges on the Consolidated Statement of Operations and Comprehensive Income (Loss).

Lease Obligations - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Nov. 30, 2020	Feb. 29, 2020
Operating Leases
Operating lease, right of use assets	$ 4,811	$ 3,143
Total operating lease right of use assets	4,811	3,143
Accrued expenses and other current liabilities	1,111	784
Operating lease liabilities, less current portion	3,813	2,391
Total operating lease liabilities	4,924	3,175
Finance Leases
Property, plant, and equipment, gross	2,503	2,503
Accumulated depreciation	(1,674)	(1,209)
Total finance lease right of use assets	829	1,294
Accrued expenses and other current liabilities	469	613
Finance lease liabilities, less current portion	386	720
Total finance lease liabilities	$ 855	$ 1,333
Weighted Average Remaining Lease Term
Operating leases	6 years 1 month 6 days	4 years 4 months 24 days
Finance leases	2 years 1 month 6 days	3 years 10 months 24 days
Weighted Average Discount Rate
Operating leases	4.54%	5.98%
Finance leases	3.87%	3.87%

Lease Obligations - Schedule of Maturities of Leases Liabilities (Details) - USD ($) $ in Thousands	Nov. 30, 2020	Feb. 29, 2020
Operating Leases
2021	$ 1,303
2022	1,119
2023	807
2024	632
2025	456
Thereafter	1,228
Total lease payments	5,545
Less imputed interest	621
Total	4,924	$ 3,175
Finance Leases
2021	483
2022	274
2023	118
Total lease payments	875
Less imputed interest	20
Total	$ 855	$ 1,333

Capital Structure - Schedule of Capital Units (Details) - $ / shares	9 Months Ended
	Nov. 30, 2020	Feb. 29, 2020
Capital Unit [Line Items]
Treasury stock, shares	2,749,218	2,749,218
Preferred stock, shares outstanding	0	0
Preferred Stock [Member]
Capital Unit [Line Items]
Preferred Stock, Par or Stated Value Per Share	$ 50.00
Preferred Stock, Shares Authorized	50,000	50,000
Preferred stock, shares outstanding	0	0
Preferred Stock, Voting Rights	0
Preferred Stock, Liquidation Preference Per Share	$ 50
Series A Preferred Stock [Member]
Capital Unit [Line Items]
Preferred Stock, Par or Stated Value Per Share	$ 0.01
Preferred Stock, Shares Authorized	1,500,000	1,500,000
Preferred stock, shares outstanding	0	0
Preferred Stock, Voting Rights	0
Common Class A [Member]
Capital Unit [Line Items]
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	60,000,000	60,000,000
Common Stock, Shares, Outstanding	21,666,976	21,556,976
Common Stock, Voting Rights	1
Common Class B [Member]
Capital Unit [Line Items]
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	10,000,000	10,000,000
Common Stock, Shares, Outstanding	2,260,954	2,260,954
Common Stock, Voting Rights	10

Variable Interest Entity - Additional Information (Details) - USD ($)	9 Months Ended	12 Months Ended
	Nov. 30, 2020	Feb. 28, 2019	Feb. 29, 2020
Variable Interest Entity [Line Items]
Notes, Loans and Financing Receivable, Net, Noncurrent	1.50
Long-term debt, net of debt issuance costs	$ 5,973,000		$ 6,099,000
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Debt Instrument, Interest Rate During Period	2.50%	10.00%
Line of credit facility, maximum borrowing capacity	$ 60,600,000
Long-term debt, net of debt issuance costs	$ 59,033,000

Variable Interest Entity - Summary of Carrying Values of Assets and Liabilities Included in Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Nov. 30, 2020	Feb. 29, 2020
Variable Interest Entity [Line Items]
Cash and cash equivalents	$ 21,337	$ 37,425
Accounts receivable, net	155,322	69,714
Prepaid expenses and other current assets	17,880	10,885
Total current assets	333,851	217,820
Property, plant and equipment, net	52,124	51,424
Intangible assets, net	92,797	88,288
Other assets	1,413	1,638
Total assets	567,989	441,571
Current portion of long-term debt	500	1,107
Total current liabilities	170,817	71,022
Other long-term liabilities	5,570	3,294
Total liabilities	198,500	90,861
Commitments and contingencies	0	0
Retained earnings	139,458	122,139
Total liabilities, redeemable equity, and stockholders' equity	567,989	441,571
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Accounts receivable, net	210	147
Inventory, net	2,212	2,052
Prepaid expenses and other current assets	253	313
Total current assets	2,675	2,512
Property, plant and equipment, net	27	69
Intangible assets, net	2,397	2,600
Other assets	60	76
Total assets	5,159	5,257
Accounts payable	1,427	2,086
Interest payable to VOXX	11,077	9,994
Accrued expenses and other current liabilities	1,000	252
Current portion of long-term debt	59,033	54,074
Total current liabilities	72,537	66,406
Other long-term liabilities	1,200	1,200
Total liabilities	73,737	67,606
Commitments and contingencies
Capital	41,416	41,416
Retained earnings	(109,994)	(103,765)
Total partners' deficit	(68,578)	(62,349)
Total liabilities, redeemable equity, and stockholders' equity	$ 5,159	$ 5,257

Variable Interest Entity - Summary of Revenues and Expenses Included in Consolidated Statements of Operations and Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Nov. 30, 2020	Aug. 31, 2020	May 31, 2020	Nov. 30, 2019	Aug. 31, 2019	May 31, 2019	Nov. 30, 2020	Nov. 30, 2019
Variable Interest Entity [Line Items]
Net sales	$ 201,065			$ 110,112			$ 401,084	$ 293,812
Cost of sales	142,937			78,648			284,905	212,570
Gross profit	58,128			31,464			116,179	81,242
Selling	12,761			9,580			30,190	28,162
General and administrative	21,128			16,689			51,668	51,896
Engineering and technical support	5,676			5,059			14,942	15,901
Total operating expenses	39,565			31,328			96,800	95,959
Operating income (loss)	18,563			136			19,379	(14,717)
Interest and bank charges	(471)			(751)			(2,334)	(2,635)
Other, net	(121)			(322)			21	1,869
Total other income, net	1,211			3,951			2,235	7,738
Income (loss) before income taxes	19,774			4,087			21,614	(6,979)
Income tax expense	2,334			2,720			6,724	1,190
Net income (loss)	17,440	$ 6,555	$ (9,105)	1,367	$ (7,164)	$ (2,372)	14,890	(8,169)
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Net sales	343			138			703	412
Cost of sales	293			178			674	592
Gross profit	50			(40)			29	(180)
Selling	132			173			434	535
General and administrative	446			1,123			1,303	3,500
Engineering and technical support	1,178			1,232			3,427	3,951
Total operating expenses	1,756			2,528			5,164	7,986
Operating income (loss)	(1,706)			(2,568)			(5,135)	(8,166)
Interest and bank charges	(372)			(324)			(1,094)	(939)
Other, net				79				79
Total other income, net	(372)			(245)			(1,094)	(860)
Income (loss) before income taxes	(2,078)			(2,813)			(6,229)	(9,026)
Net income (loss)	$ (2,078)			$ (2,813)			$ (6,229)	$ (9,026)

Segment Reporting - Additional Information (Details)	9 Months Ended
Segment Reporting - Additional Information (Details)	Nov. 30, 2020 Segment
Segment Reporting [Abstract]
Number of reportable segments	3
Number of operating segments	3

Segment Reporting - Schedule of Segment Reporting Information by Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Segment Reporting Information [Line Items]
Net sales	$ 201,065	$ 110,112	$ 401,084	$ 293,812
Equity in income of equity investees	1,761	967	4,506	3,672
Interest expense and bank charges	471	751	2,334	2,635
Depreciation and amortization expense	2,934	3,101	8,224	9,229
Income (loss) before income taxes	19,774	4,087	21,614	(6,979)
Operating Segments [Member] \| Automotive Electronics [Member]
Segment Reporting Information [Line Items]
Net sales	61,488	29,985	111,397	86,472
Equity in income of equity investees	1,761	967	4,506	3,672
Interest expense and bank charges	537	137	1,058	354
Depreciation and amortization expense	876	187	2,050	567
Income (loss) before income taxes	6,601	92	3,730	869
Operating Segments [Member] \| Consumer Electronics [Member]
Segment Reporting Information [Line Items]
Net sales	139,039	79,914	288,545	206,601
Equity in income of equity investees	0	0	0	0
Interest expense and bank charges	2,290	2,560	6,584	7,427
Depreciation and amortization expense	1,002	1,093	2,921	3,356
Income (loss) before income taxes	20,351	9,583	33,087	8,976
Operating Segments [Member] \| Biometrics [Member]
Segment Reporting Information [Line Items]
Net sales	343	138	703	398
Equity in income of equity investees	0	0	0	0
Interest expense and bank charges	372	324	1,094	939
Depreciation and amortization expense	75	783	247	2,352
Income (loss) before income taxes	(2,078)	(2,813)	(6,229)	(8,835)
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Net sales	195	75	439	341
Equity in income of equity investees	0	0	0	0
Interest expense and bank charges	(2,728)	(2,270)	(6,402)	(6,085)
Depreciation and amortization expense	981	1,038	3,006	2,954
Income (loss) before income taxes	$ (5,100)	$ (2,775)	$ (8,974)	$ (7,989)

Revenue from Contracts with Customers - Additional Information (Details)	3 Months Ended	9 Months Ended
	Nov. 30, 2020 USD ($)	Nov. 30, 2020 USD ($) Segment	Aug. 31, 2020 USD ($)	Feb. 29, 2020 USD ($)
Disaggregation Of Revenue [Line Items]
Contract with customer, right to recover product	$ 1,822,000	$ 1,822,000		$ 1,544,000
Contract with customer, refund liability	4,185,000	4,185,000		3,779,000
Contract with customer, asset, net	0	$ 0		0
Contract with customer, liability, revenue recognized	2,767,000
Contract with customer, liability			$ 2,767,000	$ 0
Number of reportable segments \| Segment		3
Telematic Subscription Services [Member] \| Directed LLC and Directed Electronics Canada Inc [Member]
Disaggregation Of Revenue [Line Items]
Contract with customer, liability	$ 4,412,000	$ 4,412,000
Minimum [Member]
Disaggregation Of Revenue [Line Items]
Warrant period		30 days
Maximum [Member]
Disaggregation Of Revenue [Line Items]
Warrant period		3 years

Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Disaggregation Of Revenue [Line Items]
Net sales	$ 201,065	$ 110,112	$ 401,084	$ 293,812
Corporate, Non-Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	195	75	439	341
Automotive [Member] \| Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Net sales	61,488	29,985	111,397	86,472
Automotive [Member] \| Operating Segments [Member] \| OEM Products [Member]
Disaggregation Of Revenue [Line Items]
Net sales	14,089	10,628	32,462	37,391
Automotive [Member] \| Operating Segments [Member] \| Aftermarket Products [Member]
Disaggregation Of Revenue [Line Items]
Net sales	47,399	19,357	78,935	49,081
Consumer Electronics [Member] \| Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Net sales	139,039	79,914	288,545	206,601
Consumer Electronics [Member] \| Operating Segments [Member] \| Premium Audio Products [Member]
Disaggregation Of Revenue [Line Items]
Net sales	112,681	53,250	216,501	128,056
Consumer Electronics [Member] \| Operating Segments [Member] \| Other Consumer Electronic Products [Member]
Disaggregation Of Revenue [Line Items]
Net sales	26,358	26,664	72,044	78,545
Biometrics [Member] \| Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Net sales	343	138	703	398
Biometrics [Member] \| Operating Segments [Member] \| Biometric Products [Member]
Disaggregation Of Revenue [Line Items]
Net sales	$ 343	$ 138	$ 703	$ 398