VOXX International (VOXX) 10-Q 12 Jul 21 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	May 31, 2021	Jul. 09, 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	May 31, 2021
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
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		21,727,629
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,260,954

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2021	Feb. 28, 2021
Current assets:
Cash and cash equivalents	$ 36,710	$ 59,404
Accounts receivable, net	95,498	106,165
Inventory	137,723	130,793
Receivables from vendors	357	277
Prepaid expenses and other current assets	26,864	22,266
Income tax receivable	440	434
Total current assets	297,592	319,339
Investment securities	1,685	1,777
Equity investment	23,145	23,267
Property, plant and equipment, net	51,659	52,026
Operating lease, right of use asset	4,559	4,572
Goodwill	57,408	58,311
Intangible assets, net	88,699	90,104
Deferred income tax assets	101	99
Other assets	990	1,323
Total assets	525,838	550,818
Current liabilities:
Accounts payable	46,320	61,826
Accrued expenses and other current liabilities	47,893	53,392
Income taxes payable	1,868	1,587
Accrued sales incentives	21,029	25,313
Contract liabilities, current	4,005	4,178
Current portion of long-term debt	500	500
Total current liabilities	121,615	146,796
Long-term debt, net of debt issuance costs	5,260	5,962
Finance lease liabilities, less current portion	229	302
Operating lease liabilities, less current portion	3,540	3,582
Deferred compensation	1,685	1,777
Deferred income tax liabilities	7,010	6,645
Other tax liabilities	1,079	1,170
Other long-term liabilities	4,422	5,255
Total liabilities	144,840	171,489
Commitments and contingencies (see Note 25)
Redeemable equity (see Note 8)	3,226	3,260
Stockholders' equity:
Preferred stock:	0	0
Paid-in capital	299,782	300,402
Retained earnings	151,622	148,906
Accumulated other comprehensive loss	(14,485)	(14,977)
Less: Treasury stock, at cost, 2,749,218 shares of Class A Common Stock at both May 31, 2021 and February 28, 2021	(23,918)	(23,918)
Less: Redeemable equity	(3,226)	(3,260)
Total VOXX International Corporation stockholders' equity	410,042	407,420
Non-controlling interest	(32,270)	(31,351)
Total stockholders' equity	377,772	376,069
Total liabilities, redeemable equity, and stockholders' equity	525,838	550,818
Common Class A [Member]
Stockholders' equity:
Common stock	245	245
Common Class B [Member]
Stockholders' equity:
Common stock	$ 22	$ 22

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	May 31, 2021	Feb. 28, 2021
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	24,476,847	24,416,194
Common stock, shares outstanding	21,727,629	21,666,976
Treasury stock, shares	2,749,218	2,749,218
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 Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020
Income Statement [Abstract]
Net sales	$ 137,060	$ 71,987
Cost of sales	100,365	52,012
Gross profit	36,695	19,975
Operating expenses:
Selling	11,467	8,567
General and administrative	19,352	14,995
Engineering and technical support	6,232	4,485
Total operating expenses	37,051	28,047
Operating loss	(356)	(8,072)
Other (expense) income:
Interest and bank charges	(528)	(799)
Equity in income of equity investee	2,723	862
Other, net	442	685
Total other income, net	2,637	748
Income (loss) before income taxes	2,281	(7,324)
Income tax expense	484	1,781
Net income (loss)	1,797	(9,105)
Less: net loss attributable to non-controlling interest	(919)	(833)
Net income (loss) attributable to VOXX International Corporation	2,716	(8,272)
Other comprehensive income (loss):
Foreign currency translation adjustments	372	504
Derivatives designated for hedging	119	(177)
Pension plan adjustments	1	(14)
Other comprehensive income, net of tax	492	313
Comprehensive income (loss) attributable to VOXX International Corporation	$ 3,208	$ (7,959)
Income (loss) per share - basic: Attributable to VOXX International Corporation	$ 0.11	$ (0.34)
Income (loss) per share - diluted: Attributable to VOXX International Corporation	$ 0.11	$ (0.34)
Weighted-average common shares outstanding (basic)	24,266,242	24,224,478
Weighted-average common shares outstanding (diluted)	24,925,974	24,224,478

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Non-controlling Interests [Member]	Treasury Stock [Member]	Redeemable Equity [Member]
Stockholders equity, beginning of period at Feb. 29, 2020	$ 348,229	$ 266	$ 299,228	$ 122,139	$ (19,055)	$ (27,950)	$ (23,918)	$ (2,481)
Net income (loss)	(9,105)	0	0	(8,272)	0	(833)	0	0
Other comprehensive income, net of tax	313	0	0	0	313	0	0	0
Stock-based compensation expense	151	1	351	0	0	0	0	(201)
Stockholders equity, end of period at May. 31, 2020	339,588	267	299,579	113,867	(18,742)	(28,783)	(23,918)	(2,682)
Stockholders equity, beginning of period at Feb. 28, 2021	376,069	267	300,402	148,906	(14,977)	(31,351)	(23,918)	(3,260)
Net income (loss)	1,797	0	0	2,716	0	(919)	0	0
Other comprehensive income, net of tax	492	0	0	0	492	0	0	0
Net settlement of 60,693 shares of common stock upon vesting of stock awards	(856)	0	(856)	0	0	0	0	0
Stock-based compensation expense	270	0	236	0	0	0	0	34
Stockholders equity, end of period at May. 31, 2021	$ 377,772	$ 267	$ 299,782	$ 151,622	$ (14,485)	$ (32,270)	$ (23,918)	$ (3,226)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) (Unaudited)	3 Months Ended
	May 31, 2021USD ($)
Statement Of Stockholders Equity [Abstract]
Shares issued upon vesting of stock awards	$ 60,693,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020
Cash flows from operating activities:
Net income (loss)	$ 1,797	$ (9,105)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	2,807	2,543
Amortization of debt discount	83	206
Bad debt expense (recovery)	19	(7)
Reduction in the carrying amount of the right of use asset	341	243
Loss (gain) on forward contracts	174	(67)
Equity in income of equity investees	(2,723)	(862)
Distribution of income from equity investees	2,845	1,502
Deferred income tax expense	318	644
Non-cash compensation adjustment	(92)	(541)
Stock based compensation expense	236	351
Changes in operating assets and liabilities:
Accounts receivable	10,803	14,842
Inventory	(5,827)	(6,059)
Receivables from vendors	(80)	(4)
Prepaid expenses and other	(1,223)	(255)
Investment securities-trading	92	541
Accounts payable, accrued expenses, accrued sales incentives, contract liabilities, and other liabilities	(26,777)	7,638
Income taxes payable	164	675
Net cash (used in) provided by operating activities	(17,043)	12,285
Cash flows from investing activities:
Purchases of property, plant, and equipment	(927)	(586)
Issuance of promissory note	(3,000)
Net cash used in investing activities	(3,927)	(586)
Cash flows from financing activities:
Principal payments on finance lease obligation	(114)	(169)
Repayment of bank obligations	(125)	(125)
Borrowings on bank obligations		20,000
Deferred financing costs	(660)
Withholding taxes paid on net issuance of stock award	(856)
Net cash (used in) provided by financing activities	(1,755)	19,706
Effect of exchange rate changes on cash	31	209
Net (decrease) increase in cash and cash equivalents	(22,694)	31,614
Cash and cash equivalents at beginning of period	59,404	37,425
Cash and cash equivalents at end of period	$ 36,710	$ 69,039

Basis of Presentation

Basis of Presentation	3 Months Ended
	May 31, 2021
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 28, 2021. 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.

Acquisition and Pending Acquisi

Acquisition and Pending Acquisition Transaction	3 Months Ended
	May 31, 2021
Acquisitions And Dispositions [Abstract]
Acquisition and Pending Acquisition Transaction	(2) Acquisition and Pending Acquisition Transaction 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 included 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 months ended May 31, 2021, represented approximately 8.8% 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 $ 7,054 956 8,010 Accounts receivable 5,173 214 5,387 Other current assets 160 - 160 Property and equipment 2,815 - 2,815 Operating lease, right of use asset 1,771 - 1,771 Customer relationships 2,600 (100 ) 2,500 Trademarks 4,500 - 4,500 Patented technology 1,030 - 1,030 Goodwill 3,290 (1,240 ) 2,050 Total assets acquired $ 28,393 $ (170 ) $ 28,223 Liabilities assumed: Accounts payable 8,144 - 8,144 Accrued expenses 1,406 (181 ) 1,225 Contract liabilities 4,872 11 4,883 Warranty accrual 1,200 - 1,200 Operating lease liability 1,771 - 1,771 Total $ 17,393 $ (170 ) $ 17,223 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 Fiscal 2021 and during the three months ended May 31, 2021, the Company recorded a cumulative net measurement period adjustment that decreased goodwill by $1,240, 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 prior year. 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. Onkyo Home Entertainment Corporation On April 29, 2021, the Company signed a Letter of Intent to acquire the home audio/video business of Onkyo Home Entertainment Corporation (“Onkyo”), along with Sharp Corporation (“Sharp”) as the Company’s partner. On May 28, 2021, the Company and Sharp signed an asset purchase agreement to jointly acquire Onkyo for a total purchase price of $30,800, plus the assumption of certain liabilities. The agreement was approved by Onkyo’s shareholders at its ordinary general meeting of shareholders on June 25, 2021 and on June 28, 2021, the Company announced that it has entered into a joint venture with Sharp in order to execute the transaction. Finalization of the transaction is subject to customary and regulatory closing conditions and is expected to be completed on or about August 30, 2021. In conjunction with the signing of the Letter of Intent on April 29, 2021, Onkyo signed a promissory note with the Company in the amount of $3,000 for the purpose of funding certain operating requirements of the business, including compensation related expenses and payment of accounts payable during the negotiation process and through the completion date of the transaction. The note was amended on June 22, 2021 to provide for additional borrowings of $2,250. The note bears interest at 4.00% and is due on August 30, 2021, or will be deducted from the cash purchase price paid by the Company upon completion of the transaction. As of May 31, 2021, the outstanding balance of the note was $3,000 and is included within Prepaid expenses and other current assets in the Consolidated Balance Sheet. As collateral for the amounts borrowed under the promissory note, Onkyo has granted a security interest in certain of its trademarks and other assets included in the asset purchase agreement, as defined in the Security Agreement signed on April 29, 2021 and amended on June 22, 2021.

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share	3 Months Ended
	May 31, 2021
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 May 31, 2021 2020 Weighted-average common shares outstanding (basic) 24,266,242 24,224,478 Effect of dilutive securities: Restricted stock and stock grants 659,732 — Weighted-average common shares and potential common shares outstanding (diluted) 24,925,974 24,224,478 Restricted stock and stock grants 0 and 596,379 for the three months ended May 31, 2021 and 2020, 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

Investment Securities	3 Months Ended
	May 31, 2021
Investment Securities [Abstract]
Investment Securities	( 4 ) Investment Securities As of May 31, 2021, and February 28, 2021, the Company had the following investments: May 31, 2021 Fair Value Investment Securities Marketable Equity Securities Mutual funds $ 1,685 Total Marketable Equity Securities 1,685 Total Investment Securities $ 1,685 February 28, 2021 Fair Value Investment Securities Marketable Equity Securities Mutual funds $ 1,777 Total Marketable Securities 1,777 Total Investment Securities $ 1,777 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.

Fair Value Measurements and Der

Fair Value Measurements and Derivatives	3 Months Ended
	May 31, 2021
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 May 31, 2021 and February 28, 2021, 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 and liabilities measured at fair value on a recurring basis at May 31, 2021: Fair Value Measurements at Reporting Date Using Total Level 1 Level 2 Cash and cash equivalents: Cash and money market funds $ 36,710 $ 36,710 $ — Derivatives: Designated for hedging $ (646 ) $ — $ (646 ) Investment securities: Mutual funds $ 1,685 $ 1,685 $ — The following table presents financial assets and liabilities measured at fair value on a recurring basis at February 28, 2021: Fair Value Measurements at Reporting Date Using Total Level 1 Level 2 Cash and cash equivalents: Cash and money market funds $ 59,404 $ 59,404 $ — Derivatives: Designated for hedging $ (765 ) $ — $ (765 ) Investment securities: Mutual funds $ 1,777 $ 1,777 $ — At May 31, 2021, 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 9 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 May 31, 2021 and February 28, 2021 of the Company’s derivative instruments: Derivative Assets and Liabilities Fair Value Account May 31, 2021 February 28, 2021 Designated derivative instruments Foreign currency contracts Prepaid expenses and other current assets $ 542 $ 412 Accrued expenses and other current liabilities (760 ) (731 ) Interest rate swap agreement Other long-term liabilities (428 ) (446 ) Total derivatives $ (646 ) $ (765 ) 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 Fiscal 2021, the Company entered into forward foreign currency contracts, which have a current outstanding notional value of $8,100 and are designated as cash flow hedges at May 31, 2021. The current outstanding notional value of the Company's interest rate swap at May 31, 2021 is $6,989. 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 twelve 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 May 31, 2021, no interest rate swaps originally designated for hedge accounting were de-designated or terminated. Activity related to cash flow hedges recorded during the three months ended May 31, 2021 and 2020 was as follows: Three months ended May 31, 2021 Pretax Gain (Loss) Recognized in Other Comprehensive Income Pretax Loss Reclassified from Accumulated Other Comprehensive Income Cash flow hedges Foreign currency contracts $ (28 ) $ (176 ) Interest rate swaps 18 — Three months ended May 31, 2020 Pretax Loss Recognized in Other Comprehensive Income Pretax Gain Reclassified from Accumulated Other Comprehensive Income Cash flow hedges Foreign currency contracts $ — $ 68 Interest rate swaps (130 ) —

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	May 31, 2021
Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Loss	( 6 ) Accumulated Other Comprehensive Loss The Company’s accumulated other comprehensive 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 28, 2021 $ (13,374 ) $ (869 ) $ (734 ) $ (14,977 ) Other comprehensive income (loss) before reclassifications 372 1 (2 ) 371 Reclassified from accumulated other comprehensive loss — — 121 121 Net current-period other comprehensive income 372 1 119 492 Balance at May 31, 2021 $ (13,002 ) $ (868 ) $ (615 ) $ (14,485 ) During the three months ended May 31, 2021, the Company recorded other comprehensive income (loss), net of the associated tax impact of $46 related to derivatives designated in a hedging relationship, and $0 related to pension plan adjustments. The other comprehensive income (loss) before reclassification of $372 includes the remeasurement of intercompany transactions of a long-term investment nature of $(272) with certain subsidiaries whose functional currency is not the U.S. dollar, and $644 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 Informat

Supplemental Cash Flow Information	3 Months Ended
	May 31, 2021
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: Three months ended May 31, 2021 2020 Non-cash investing and financing activities: Change in redeemable equity $ (34 ) $ 201 Change in goodwill due to measurement period adjustments, net (903 ) - Right of use assets obtained in exchange for operating lease obligations - 276 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 341 $ 243 Operating cash flows from finance leases 4 9 Finance cash flows from finance leases 114 169 Cash paid during the period: Interest (excluding bank charges) $ 128 $ 291 Income taxes (net of refunds) 1,553 466

Accounting for Stock-Based Comp

Accounting for Stock-Based Compensation	3 Months Ended
	May 31, 2021
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 28, 2021. 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. Grant of Shares to Chief Executive Officer On July 8, 2019, the Board of Directors approved a five-year - 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 $40 and $103 was recognized during the three months ended May 31, 2021 and May 31, 2020, respectively, based upon the grant fair value of $4.15 per share using the graded vesting attribution method. On March 1, 2020, 100,000 of these stock grants vested, resulting in 100,000 shares of the Company’s Class A Common Stock issued to Mr. Lavelle. On March 1, 2021, an additional 100,000 of these stock grants vested, resulting in shares of Class A Common Stock issued to Mr. Lavelle and 39,347 withheld for taxes. - 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 $61 during both the three months ended May 31, 2021 and May 31, 2020 related to these MSU’s using the graded vesting attribution method over the performance period. As of May 31, 2021, 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 Sheets 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 three months ended May 31, 2021: Number of Shares Weighted Average Grant Date Fair Value Unvested award balance at February 28, 2021 603,724 $ 5.18 Granted — — Vested and settled (100,000 ) 4.15 Unvested award balance at May 31, 2021 503,724 $ 5.39 At May 31, 2021, there were 278,318 vested and unsettled stock grants and RSU awards under the Company’s 2014 Plan with a weighted average fair value of $7.71. During the three months ended May 31, 2021 and May 31, 2020, the Company recorded $236 and $351, 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 May 31, 2021, there was approximately $1,233 of unrecognized stock-based compensation expense related to unvested RSU awards, stock grants, and MSU’s.

Supply Chain Financing

Supply Chain Financing	3 Months Ended
	May 31, 2021
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 months ended May 31, 2021, net of discounts, were $12,201 compared to $18,875 for the three months ended May 31, 2020.

Research and Development

Research and Development	3 Months Ended
	May 31, 2021
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 $2,321 for the three months ended May 31, 2021 compared to $1,855 for the three months ended May 31, 2020. 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.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	May 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	(1 1 ) Goodwill and Intangible Assets The change in goodwill by segment is as follows: Automotive Electronics: Amount Beginning balance at March 1, 2021 $ 11,778 Activity during the period (903 ) Balance at May 31, 2021 $ 10,875 Gross carrying value at May 31, 2021 $ 10,875 Accumulated impairment charge — Net carrying value at May 31, 2021 $ 10,875 Consumer Electronics: Beginning balance at March 1, 2021 $ 46,533 Activity during the period — Balance at May 31, 2021 $ 46,533 Gross carrying value at May 31, 2021 $ 78,696 Accumulated impairment charge (32,163 ) Net carrying value at May 31, 2021 $ 46,533 Total Goodwill, net $ 57,408 The Company's Biometrics segment did not carry a goodwill balance at May 31, 2021 or February 28, 2021. At May 31, 2021, intangible assets consisted of the following: Gross Carrying Value Accumulated Amortization Total Net Book Value Finite-lived intangible assets: Customer relationships $ 54,697 $ 37,400 $ 17,297 Trademarks/Tradenames 5,545 941 4,604 Developed technology 14,144 12,583 1,561 Patents 6,736 4,863 1,873 License 1,400 1,400 — Contracts 1,556 1,556 — Total finite-lived intangible assets $ 84,078 $ 58,743 25,335 Indefinite-lived intangible assets Trademarks 63,364 Total intangible assets, net $ 88,699 At February 28, 2021, intangible assets consisted of the following: Gross Carrying Value Accumulated Amortization Total Net Book Value Finite-lived intangible assets: Customer relationships $ 54,688 $ 36,412 $ 18,276 Trademarks/Tradenames 5,545 811 4,734 Developed technology 14,144 12,516 1,628 Patents 6,736 4,629 2,107 License 1,400 1,400 — Contracts 1,556 1,556 — Total finite-lived intangible assets $ 84,069 $ 57,324 26,745 Indefinite-lived intangible assets Trademarks 63,359 Total intangible assets, net $ 90,104 The Company recorded amortization expense of $1,411 for the three months ended May 31, 2021 and $1,169 for the three months ended May 31, 2020, respectively. The estimated aggregate amortization expense for all amortizable intangibles for May 31 of each of the succeeding years is as follows: Year Amount 2022 $ 5,417 2023 4,545 2024 4,226 2025 4,052 2026 3,320

Equity Investment

Equity Investment	3 Months Ended
	May 31, 2021
Equity Method Investment Summarized Financial Information [Abstract]
Equity Investment	(1 2 ) Equity Investment As of May 31, 2021 and February 28, 2021, 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. May 31, 2021 February 28, 2021 Current assets $ 51,128 $ 49,956 Non-current assets 4,669 4,757 Liabilities 9,507 8,179 Members' equity 46,290 46,534 Three months ended May 31, 2021 2020 Net sales $ 33,225 $ 16,441 Gross profit 8,645 4,137 Operating income 5,429 1,604 Net income 5,446 1,724 The Company's share of income from ASA was $2,723 for the three months ended May 31, 2021 and $862 for the three months ended May 31, 2020.

Income Taxes

Income Taxes	3 Months Ended
	May 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	(1 3 ) 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 three months ended May 31, 2020, as its valuation allowance related to net operating losses with limited carryforward periods increased. For the three months ended May 31, 2021, the Company recorded an income tax provision of $484, which includes a discrete income tax benefit of $74 related primarily to the reversal of uncertain tax position liabilities as a result of the lapse of the applicable statute of limitations. For the three months ended May 31, 2020, the Company recorded an income tax provision of $1,781, which includes a discrete income tax provision of $4,292. 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 tax provision of $17 related to the accrual of interest for unrecognized tax benefits. The effective tax rates for the three months ended May 31, 2021 and 2020 were an income tax provision of 21.2% on pre-tax income of $2,281 and an income tax provision of 24.3% on pre-tax loss of $7,324, respectively. The effective tax rate for the three months ended May 31, 2021 differs from the U.S. statutory rate of 21% as a result of a number of factors, including the 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, and a tax benefit related to the decrease in the valuation allowance based on current year forecasted earnings. The effective tax rate for the three months ended May 31, 2020 differed from the statutory rate of 21% primarily due to the immediate U.S. taxation of foreign earnings, nondeductible permanent differences, non-controlling interest related to EyeLock LLC, state and local income taxes, and income taxed in foreign jurisdictions at varying tax rates. At May 31, 2021, the Company had an uncertain tax position liability of $1,079, including interest and penalties. The unrecognized tax benefits include amounts related to various U.S. federal, state, and local, and foreign tax issues.

Inventory

Inventory	3 Months Ended
	May 31, 2021
Inventory Disclosure [Abstract]
Inventory	(1 4 ) Inventory Inventories by major category are as follows: May 31, 2021 February 28, 2021 Raw materials $ 20,223 $ 21,228 Work in process 1,673 1,732 Finished goods 115,827 107,833 Inventory $ 137,723 $ 130,793

Product Warranties and Product

Product Warranties and Product Repair Costs	3 Months Ended
	May 31, 2021
Payables And Accruals Warranties [Abstract]
Product Warranties and Product Repair Costs	(1 5 ) 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 May 31, 2021 2020 Opening balance $ 5,290 $ 4,748 Liabilities for warranties accrued during the period 700 791 Warranty claims settled during the period (600 ) (973 ) Ending balance $ 5,390 $ 4,566

Accrued Restructuring Expense

Accrued Restructuring Expense	3 Months Ended
	May 31, 2021
Restructuring And Related Activities [Abstract]
Accrued Restructuring Expense	(1 6 ) Accrued Restructuring Expense At February 28, 2021, the Company had accrued restructuring charges of $31 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 months ended May 31, 2021, these remaining accrued charges were settled.

Financing Arrangements

Financing Arrangements	3 Months Ended
	May 31, 2021
Debt Disclosure [Abstract]
Financing Arrangements	(1 7 ) Financing Arrangements The Company has the following financing arrangements: May 31, 2021 February 28, 2021 Debt Domestic credit facility (a) $ — $ — Florida mortgage (b) 6,989 7,114 Euro asset-based lending obligation - VOXX Germany (c) — — Total debt 6,989 7,114 Less: current portion of long-term debt 500 500 Long-term debt 6,489 6,614 Less: debt issuance costs 1,229 652 Total long-term debt, net of debt issuance costs $ 5,260 $ 5,962 (a) Domestic Credit Facility The Company has a senior secured credit facility (the "Credit Facility"), which was amended on April 19, 2021 to provide for a revolving credit facility with committed availability of up to $140,000. 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)). The availability under the revolving credit line of the Credit Facility was $101,450 as of May 31, 2021. All amounts outstanding under the Credit Facility will mature and become due on April 19, 2026; 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 1.75 – 2.25% (2.00% at May 31, 2021). Loans designated as Base Rate loans bear interest at a rate equal to the applicable margin for Base Rate Loans plus a range of 0.75 - 1.25% as defined in the agreement and shall not be lower than 1.75% (4.00% at May 31, 2021). The amendment to the Credit Facility in April 2021 provided for a Benchmark Replacement that will replace the LIBOR rate for all revolver usage. The Benchmark Replacement is subject to the occurrence of a Benchmark Transition Event, as defined in the Second Amended and Restated Credit Agreement and becomes effective after a five-day transition period following the event. Provided that the Company is in a Compliance Period (the period commencing on that day in which Excess Availability is less than 15% of the Maximum Revolver Amount and ending on a day in which Excess Availability is equal to or greater than 15% 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 May 31, 2021, 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 months ended May 31, 2021 totaled $133 compared to $116 during the three months ended May 31, 2020. These charges are included within Interest and bank charges on the Unaudited Consolidated Statements of Operations and Comprehensive Income. 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 on April 19, 2021, the Company incurred additional financing fees of $660 that will be amortized over the remaining term of the facility. The Company accounted for the April 2021 amendment to the Credit Facility as a modification of debt. 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 over the term of the Credit Facility, which expires on April 19, 2026. During the three months ended May 31, 2021, the Company amortized $75 of these costs, as compared to $198 during the three months ended May 31, 2020. The net unamortized balance of these deferred financing costs as of May 31, 2021 is $1,082. (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% (1.17% at May 31, 2021) 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 over the ten-year 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 May 31, 2021). As of May 31, 2021, there is no balance outstanding under this credit facility.

Other Income (Expense)

Other Income (Expense)	3 Months Ended
	May 31, 2021
Other Income And Expenses [Abstract]
Other Income (Expense)	(1 8 ) Other Income (Expense) Other income (expense) is comprised of the following: Three months ended May 31, 2021 2020 Foreign currency gain (loss) $ 116 $ (116 ) Interest income 7 86 Rental income 164 186 Miscellaneous 155 529 Total other, net $ 442 $ 685

Foreign Currency

Foreign Currency	3 Months Ended
	May 31, 2021
Foreign Currency [Abstract]
Foreign Currency	(1 9 ) 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. The Company’s operations in Venezuela are suspended and net currency exchange gains and losses for the three months ended May 31, 2021 were not sig n ificant. The Company has certain long-lived assets in Venezuela, which are held for investment purposes. These properties had no value at May 31, 2021.

Lease Obligations

Lease Obligations	3 Months Ended
	May 31, 2021
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 months ended May 31, 2021. Refer to Note 7 for supplemental cash flow information related to leases. The components of lease cost for the three months ended May 31, 2021 and 2020 were as follows: Three months ended May 31, 2021 2020 Operating lease cost (a) (c) $ 341 $ 243 Finance lease cost: Amortization of right of use assets (a) 121 169 Interest on lease liabilities (b) 4 9 Total finance lease cost $ 125 $ 178 (a) Recorded within Selling, General and administrative, Engineering and technical support, and Cost of sales on the Unaudited Consolidated Statement of Operations and Comprehensive Income. (b) Recorded within Interest and bank charges on the Unaudited Consolidated Statement of Operations and Comprehensive Income. (c) Includes immaterial amounts related to variable rent expense. Supplemental balance sheet information related to leases is as follows: May 31, 2021 February 28, 2021 Operating Leases Operating lease, right of use assets $ 4,559 $ 4,572 Total operating lease right of use assets $ 4,559 $ 4,572 Accrued expenses and other current liabilities $ 1,162 $ 1,119 Operating lease liabilities, less current portion 3,540 3,582 Total operating lease liabilities $ 4,702 $ 4,701 Finance Leases Property, plant, and equipment, gross $ 2,503 $ 2,503 Accumulated depreciation (1,926 ) (1,805 ) Total finance lease right of use assets $ 577 $ 698 Accrued expenses and other current liabilities $ 366 $ 418 Finance lease liabilities, less current portion 229 302 Total finance lease liabilities $ 595 $ 720 Weighted Average Remaining Lease Term Operating leases 5.9 years 6.0 years Finance leases 1.8 years 1.8 years Weighted Average Discount Rate Operating leases 4.40 % 4.49 % Finance leases 3.87 % 3.87 % Maturities of lease liabilities on May 31 of each of the succeeding years are as follows: Operating Leases Finance Leases 2021 $ 1,319 374 2022 1,022 193 2023 756 40 2024 558 — 2025 397 — Thereafter 1,196 — Total lease payments 5,248 607 Less imputed interest 546 12 Total $ 4,702 595 As of May 31, 2021, 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 May 31, 2021 and February 28, 2021. Rental income earned by the Company for the three months ended May 31, 2021 and 2020 was $164 and $186, respectively, and is recorded within Other income (expense).

Capital Structure

Capital Structure	3 Months Ended
	May 31, 2021
Equity [Abstract]
Capital Structure	( 2 1 ) Capital Structure The Company's capital structure is as follows: Shares Authorized Shares Outstanding Security Par Value May 31, 2021 February 28, 2021 May 31, 2021 February 28, 2021 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 21,727,629 21,666,976 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

Variable Interest Entity	3 Months Ended
	May 31, 2021
Variable Interest Entity [Abstract]
Variable Interest Entity	(2 2 ) 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 April 5, 2021, this promissory note was amended and restated to allow EyeLock LLC to borrow up to $64,600. 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, 2022. 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 $63,114 as of May 31, 2021. 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. On April 29, 2021, EyeLock LLC entered into a three-year 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 May 31, 2021 and February 28, 2021: May 31, 2021 February 28, 2021 Assets (unaudited) Current assets: Cash and cash equivalents $ — $ — Accounts receivable, net 59 167 Inventory, net 2,173 2,245 Prepaid expenses and other current assets 56 30 Total current assets 2,288 2,442 Property, plant and equipment, net 47 39 Intangible assets, net 2,260 2,329 Other assets 60 60 Total assets $ 4,655 $ 4,870 Liabilities and Partners' Deficit Current liabilities: Accounts payable $ 1,357 $ 1,396 Interest payable to VOXX 11,850 11,453 Accrued expenses and other current liabilities 562 824 Due to VOXX 63,114 61,072 Total current liabilities 76,883 74,745 Other long-term liabilities 1,200 1,200 Total liabilities 78,083 75,945 Commitments and contingencies Partners' deficit: Capital 41,416 41,416 Retained losses (114,844 ) (112,491 ) Total partners' deficit (73,428 ) (71,075 ) Total liabilities and partners' deficit $ 4,655 $ 4,870 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 for the three months ended May 31, 2021 and 2020: For the three months ended May 31, 2021 2020 Net sales $ 205 $ 97 Cost of sales 163 119 Gross profit 42 (22 ) Operating expenses: Selling 163 177 General and administrative 344 429 Engineering and technical support 1,487 1,155 Total operating expenses 1,994 1,761 Operating loss (1,952 ) (1,783 ) Other expense: Interest and bank charges (401 ) (354 ) Other, net — — Total other expense, net (401 ) (354 ) Loss before income taxes (2,353 ) (2,137 ) Income tax expense — — Net loss $ (2,353 ) $ (2,137 )

Segment Reporting

Segment Reporting	3 Months Ended
	May 31, 2021
Segment Reporting [Abstract]
Segment Reporting	(2 3 ) 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 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 May 31, 2021 Net sales $ 42,657 $ 94,113 $ 205 $ 85 $ 137,060 Equity in income of equity investees 2,723 — — — 2,723 Interest expense and bank charges 373 1,975 401 (2,221 ) 528 Depreciation and amortization expense 783 1,001 76 947 2,807 Income (loss) before income taxes 3,230 5,468 (2,353 ) (4,064 ) 2,281 Three Months Ended May 31, 2020 Net sales $ 17,276 $ 54,514 $ 97 $ 100 $ 71,987 Equity in income of equity investees 862 — — — 862 Interest expense and bank charges 168 2,134 355 (1,858 ) 799 Depreciation and amortization expense 466 965 86 1,026 2,543 Loss before income taxes (3,110 ) (53 ) (2,137 ) (2,024 ) (7,324 )

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	May 31, 2021
Revenue From Contract With Customer [Abstract]
Revenue from Contracts with Customers	(2 4 ) 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 (“OEMs”) 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. 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 C ost of sales in the Unaudited Consolidated Statements of Operations and Comprehensive Income . As of May 31, 2021 and February 28, 2021 , the balance of the return asset was $2,185 and $2,404 , respectively, and the balance of the refund liability was $4,575 and $5,145 , 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 $5,037 at May 31, 2021 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 May 31, 2021 that was included in the contract liability balance of $5,265 at February 28, 2021 was $1,847. The Company had no contract asset balances at May 31, 2021 or February 28, 2021. 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 months ended May 31, 2021 and 2020: Three months ended May 31, 2021 2020 Automotive Electronics Segment OEM Products $ 14,914 $ 7,659 Aftermarket Products 27,743 9,617 Total Automotive Segment 42,657 17,276 Consumer Electronics Segment Premium Audio Products 71,593 34,538 Other Consumer Electronic Products 22,520 19,976 Total Consumer Electronics Segment 94,113 54,514 Biometrics Segment Biometric Products 205 97 Total Biometrics Segment 205 97 Corporate/Eliminations 85 100 Total Net Sales $ 137,060 $ 71,987

Contingencies

Contingencies	3 Months Ended
	May 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Contingencies	(2 5 ) 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

New Accounting Pronouncements	3 Months Ended
	May 31, 2021
Accounting Changes And Error Corrections [Abstract]
New Accounting Pronouncements	(2 6 ) New Accounting Pronouncements Accounting Pronouncements Recently Adopted 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 adoption of ASU 2018-14 did not have a significant effect on the disclosures in the Company’s 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 . 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 adoption of ASU 2020-01 did not have a material impact on the Company’s consolidated financial statements . Standards Issued Not Yet Adopted In March 2020 and January 2021, the FASB issued ASU No. 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” and ASU No. 2021-01, “Reference Rate Reform: Scope,” respectively. Together, these ASU’s provide optional expedients and exceptions for applying U.S. GAAP to contract modifications and hedging relationships that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. ASU 2020-04 provides, among other things, guidance that modifications of contracts within the scope of Topic 470, Debt, should be accounted for by prospectively adjusting the effective interest rate; modifications of contracts within the scope of Topic 840, Leases, should be accounted for as a continuation of the existing contract; and, changes in the critical terms of hedging relationships caused by reference rate reform should not result in the de-designation of the instrument, provided certain criteria are met. ASU 2021-01 clarifies the scope and application of ASU 2020-04 and among other things, permits entities to elect certain optional expedients and exceptions when accounting for derivative contracts and certain hedging relationships affected by changes in the interest rates used for discounting cash flows. The Company’s exposure to LIBOR rates includes its Credit Facility, as well as its Florida Mortgage and related interest swap agreement. The amendments are effective as of March 12, 2020 through December 31, 2022. Adoption is permitted at any time. The Company is currently evaluating the impact this update may have on its consolidated financial statements.

Subsequent Events

Subsequent Events	3 Months Ended
	May 31, 2021
Subsequent Events [Abstract]
Subsequent Events	(27) Subsequent Events The Company evaluated subsequent events and transactions that occurred after the Unaudited Balance Sheet date of May 31, 2021 up to the issuance date of the Company’s Unaudited Consolidated Financial Statements. Except as disclosed in Note 2 related to the pending acquisition of Onkyo Home Entertainment Corporation, there have been no events that have occurred that would require adjustments to the disclosures in the Unaudited Consolidated Financial Statements.

Acquisition and Pending Acqui_2

Acquisition and Pending Acquisition Transaction (Tables)	3 Months Ended
	May 31, 2021
Directed LLC and Directed Electronics Canada Inc [Member]
Summary of Allocation of Purchase Price for Fair Value of Assets Acquired and Liabilities Assumed	The following summarizes the allocation of the purchase price based upon the fair value of the assets acquired and liabilities assumed at the date of acquisition: July 1, 2020 Measurement Period Adjustments July 1, 2020 (as adjusted) Assets acquired: Inventory $ 7,054 956 8,010 Accounts receivable 5,173 214 5,387 Other current assets 160 - 160 Property and equipment 2,815 - 2,815 Operating lease, right of use asset 1,771 - 1,771 Customer relationships 2,600 (100 ) 2,500 Trademarks 4,500 - 4,500 Patented technology 1,030 - 1,030 Goodwill 3,290 (1,240 ) 2,050 Total assets acquired $ 28,393 $ (170 ) $ 28,223 Liabilities assumed: Accounts payable 8,144 - 8,144 Accrued expenses 1,406 (181 ) 1,225 Contract liabilities 4,872 11 4,883 Warranty accrual 1,200 - 1,200 Operating lease liability 1,771 - 1,771 Total $ 17,393 $ (170 ) $ 17,223 Total purchase price $ 11,000 $ - $ 11,000

Net Income (Loss) Per Common _2

Net Income (Loss) Per Common Share (Tables)	3 Months Ended
	May 31, 2021
Net Income Per Common Share [Abstract]
Reconciliation Between Denominator of Basic and Diluted Net Income (Loss) Per Common Share	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 May 31, 2021 2020 Weighted-average common shares outstanding (basic) 24,266,242 24,224,478 Effect of dilutive securities: Restricted stock and stock grants 659,732 — Weighted-average common shares and potential common shares outstanding (diluted) 24,925,974 24,224,478

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	May 31, 2021
Investment Securities [Abstract]
Unrealized Gain (Loss) on Investments	As of May 31, 2021, and February 28, 2021, the Company had the following investments: May 31, 2021 Fair Value Investment Securities Marketable Equity Securities Mutual funds $ 1,685 Total Marketable Equity Securities 1,685 Total Investment Securities $ 1,685 February 28, 2021 Fair Value Investment Securities Marketable Equity Securities Mutual funds $ 1,777 Total Marketable Securities 1,777 Total Investment Securities $ 1,777

Fair Value Measurements and D_2

Fair Value Measurements and Derivatives (Tables)	3 Months Ended
	May 31, 2021
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured on Recurring Basis	The following table presents financial assets and liabilities measured at fair value on a recurring basis at May 31, 2021: Fair Value Measurements at Reporting Date Using Total Level 1 Level 2 Cash and cash equivalents: Cash and money market funds $ 36,710 $ 36,710 $ — Derivatives: Designated for hedging $ (646 ) $ — $ (646 ) Investment securities: Mutual funds $ 1,685 $ 1,685 $ — The following table presents financial assets and liabilities measured at fair value on a recurring basis at February 28, 2021: Fair Value Measurements at Reporting Date Using Total Level 1 Level 2 Cash and cash equivalents: Cash and money market funds $ 59,404 $ 59,404 $ — Derivatives: Designated for hedging $ (765 ) $ — $ (765 ) Investment securities: Mutual funds $ 1,777 $ 1,777 $ —
Fair Value, by Balance Sheet Grouping	The following table discloses the fair value as of May 31, 2021 and February 28, 2021 of the Company’s derivative instruments: Derivative Assets and Liabilities Fair Value Account May 31, 2021 February 28, 2021 Designated derivative instruments Foreign currency contracts Prepaid expenses and other current assets $ 542 $ 412 Accrued expenses and other current liabilities (760 ) (731 ) Interest rate swap agreement Other long-term liabilities (428 ) (446 ) Total derivatives $ (646 ) $ (765 )
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	Activity related to cash flow hedges recorded during the three months ended May 31, 2021 and 2020 was as follows: Three months ended May 31, 2021 Pretax Gain (Loss) Recognized in Other Comprehensive Income Pretax Loss Reclassified from Accumulated Other Comprehensive Income Cash flow hedges Foreign currency contracts $ (28 ) $ (176 ) Interest rate swaps 18 — Three months ended May 31, 2020 Pretax Loss Recognized in Other Comprehensive Income Pretax Gain Reclassified from Accumulated Other Comprehensive Income Cash flow hedges Foreign currency contracts $ — $ 68 Interest rate swaps (130 ) —

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	May 31, 2021
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The Company’s accumulated other comprehensive 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 28, 2021 $ (13,374 ) $ (869 ) $ (734 ) $ (14,977 ) Other comprehensive income (loss) before reclassifications 372 1 (2 ) 371 Reclassified from accumulated other comprehensive loss — — 121 121 Net current-period other comprehensive income 372 1 119 492 Balance at May 31, 2021 $ (13,002 ) $ (868 ) $ (615 ) $ (14,485 )

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
	May 31, 2021
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: Three months ended May 31, 2021 2020 Non-cash investing and financing activities: Change in redeemable equity $ (34 ) $ 201 Change in goodwill due to measurement period adjustments, net (903 ) - Right of use assets obtained in exchange for operating lease obligations - 276 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 341 $ 243 Operating cash flows from finance leases 4 9 Finance cash flows from finance leases 114 169 Cash paid during the period: Interest (excluding bank charges) $ 128 $ 291 Income taxes (net of refunds) 1,553 466

Accounting for Stock-Based Co_2

Accounting for Stock-Based Compensation (Tables)	3 Months Ended
	May 31, 2021
Share Based Compensation [Abstract]
Summary of Activity Related to Initial Stock Grant Additional Stock Grants under Employment Agreement and RSU Grants under 2014 Plan	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 three months ended May 31, 2021: Number of Shares Weighted Average Grant Date Fair Value Unvested award balance at February 28, 2021 603,724 $ 5.18 Granted — — Vested and settled (100,000 ) 4.15 Unvested award balance at May 31, 2021 503,724 $ 5.39

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	May 31, 2021
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, 2021 $ 11,778 Activity during the period (903 ) Balance at May 31, 2021 $ 10,875 Gross carrying value at May 31, 2021 $ 10,875 Accumulated impairment charge — Net carrying value at May 31, 2021 $ 10,875 Consumer Electronics: Beginning balance at March 1, 2021 $ 46,533 Activity during the period — Balance at May 31, 2021 $ 46,533 Gross carrying value at May 31, 2021 $ 78,696 Accumulated impairment charge (32,163 ) Net carrying value at May 31, 2021 $ 46,533 Total Goodwill, net $ 57,408 The Company's Biometrics segment did not carry a goodwill balance at May 31, 2021 or February 28, 2021.
Schedule of Intangible Assets, Excluding Goodwill	At May 31, 2021, intangible assets consisted of the following: Gross Carrying Value Accumulated Amortization Total Net Book Value Finite-lived intangible assets: Customer relationships $ 54,697 $ 37,400 $ 17,297 Trademarks/Tradenames 5,545 941 4,604 Developed technology 14,144 12,583 1,561 Patents 6,736 4,863 1,873 License 1,400 1,400 — Contracts 1,556 1,556 — Total finite-lived intangible assets $ 84,078 $ 58,743 25,335 Indefinite-lived intangible assets Trademarks 63,364 Total intangible assets, net $ 88,699 At February 28, 2021, intangible assets consisted of the following: Gross Carrying Value Accumulated Amortization Total Net Book Value Finite-lived intangible assets: Customer relationships $ 54,688 $ 36,412 $ 18,276 Trademarks/Tradenames 5,545 811 4,734 Developed technology 14,144 12,516 1,628 Patents 6,736 4,629 2,107 License 1,400 1,400 — Contracts 1,556 1,556 — Total finite-lived intangible assets $ 84,069 $ 57,324 26,745 Indefinite-lived intangible assets Trademarks 63,359 Total intangible assets, net $ 90,104
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated aggregate amortization expense for all amortizable intangibles for May 31 of each of the succeeding years is as follows: Year Amount 2022 $ 5,417 2023 4,545 2024 4,226 2025 4,052 2026 3,320

Equity Investment (Tables)

Equity Investment (Tables)	3 Months Ended
	May 31, 2021
Equity Method Investment Summarized Financial Information [Abstract]
Equity Method Investment, Summarized Financial Information	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. May 31, 2021 February 28, 2021 Current assets $ 51,128 $ 49,956 Non-current assets 4,669 4,757 Liabilities 9,507 8,179 Members' equity 46,290 46,534 Three months ended May 31, 2021 2020 Net sales $ 33,225 $ 16,441 Gross profit 8,645 4,137 Operating income 5,429 1,604 Net income 5,446 1,724

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	May 31, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories by major category are as follows: May 31, 2021 February 28, 2021 Raw materials $ 20,223 $ 21,228 Work in process 1,673 1,732 Finished goods 115,827 107,833 Inventory $ 137,723 $ 130,793

Product Warranties and Produc_2

Product Warranties and Product Repair Costs (Tables)	3 Months Ended
	May 31, 2021
Payables And Accruals Warranties [Abstract]
Schedule of Product Warranty Liability	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 May 31, 2021 2020 Opening balance $ 5,290 $ 4,748 Liabilities for warranties accrued during the period 700 791 Warranty claims settled during the period (600 ) (973 ) Ending balance $ 5,390 $ 4,566

Financing Arrangements (Tables)

Financing Arrangements (Tables)	3 Months Ended
	May 31, 2021
Debt Disclosure [Abstract]
Schedule of Debt	The Company has the following financing arrangements: May 31, 2021 February 28, 2021 Debt Domestic credit facility (a) $ — $ — Florida mortgage (b) 6,989 7,114 Euro asset-based lending obligation - VOXX Germany (c) — — Total debt 6,989 7,114 Less: current portion of long-term debt 500 500 Long-term debt 6,489 6,614 Less: debt issuance costs 1,229 652 Total long-term debt, net of debt issuance costs $ 5,260 $ 5,962 (a) Domestic Credit Facility The Company has a senior secured credit facility (the "Credit Facility"), which was amended on April 19, 2021 to provide for a revolving credit facility with committed availability of up to $140,000. 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)). The availability under the revolving credit line of the Credit Facility was $101,450 as of May 31, 2021. All amounts outstanding under the Credit Facility will mature and become due on April 19, 2026; 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 1.75 – 2.25% (2.00% at May 31, 2021). Loans designated as Base Rate loans bear interest at a rate equal to the applicable margin for Base Rate Loans plus a range of 0.75 - 1.25% as defined in the agreement and shall not be lower than 1.75% (4.00% at May 31, 2021). The amendment to the Credit Facility in April 2021 provided for a Benchmark Replacement that will replace the LIBOR rate for all revolver usage. The Benchmark Replacement is subject to the occurrence of a Benchmark Transition Event, as defined in the Second Amended and Restated Credit Agreement and becomes effective after a five-day transition period following the event. Provided that the Company is in a Compliance Period (the period commencing on that day in which Excess Availability is less than 15% of the Maximum Revolver Amount and ending on a day in which Excess Availability is equal to or greater than 15% 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 May 31, 2021, 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 months ended May 31, 2021 totaled $133 compared to $116 during the three months ended May 31, 2020. These charges are included within Interest and bank charges on the Unaudited Consolidated Statements of Operations and Comprehensive Income. 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 on April 19, 2021, the Company incurred additional financing fees of $660 that will be amortized over the remaining term of the facility. The Company accounted for the April 2021 amendment to the Credit Facility as a modification of debt. 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 over the term of the Credit Facility, which expires on April 19, 2026. During the three months ended May 31, 2021, the Company amortized $75 of these costs, as compared to $198 during the three months ended May 31, 2020. The net unamortized balance of these deferred financing costs as of May 31, 2021 is $1,082. (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% (1.17% at May 31, 2021) 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 over the ten-year 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 May 31, 2021). As of May 31, 2021, there is no balance outstanding under this credit facility.

Other Income (Expense) (Tables)

Other Income (Expense) (Tables)	3 Months Ended
	May 31, 2021
Other Income And Expenses [Abstract]
Schedule of Other Nonoperating Income (Expense)	Other income (expense) is comprised of the following: Three months ended May 31, 2021 2020 Foreign currency gain (loss) $ 116 $ (116 ) Interest income 7 86 Rental income 164 186 Miscellaneous 155 529 Total other, net $ 442 $ 685

Lease Obligations (Tables)

Lease Obligations (Tables)	3 Months Ended
	May 31, 2021
Leases [Abstract]
Schedule of Components of Lease Cost	The components of lease cost for the three months ended May 31, 2021 and 2020 were as follows: Three months ended May 31, 2021 2020 Operating lease cost (a) (c) $ 341 $ 243 Finance lease cost: Amortization of right of use assets (a) 121 169 Interest on lease liabilities (b) 4 9 Total finance lease cost $ 125 $ 178 (a) Recorded within Selling, General and administrative, Engineering and technical support, and Cost of sales on the Unaudited Consolidated Statement of Operations and Comprehensive Income. (b) Recorded within Interest and bank charges on the Unaudited Consolidated Statement of Operations and Comprehensive Income. (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: May 31, 2021 February 28, 2021 Operating Leases Operating lease, right of use assets $ 4,559 $ 4,572 Total operating lease right of use assets $ 4,559 $ 4,572 Accrued expenses and other current liabilities $ 1,162 $ 1,119 Operating lease liabilities, less current portion 3,540 3,582 Total operating lease liabilities $ 4,702 $ 4,701 Finance Leases Property, plant, and equipment, gross $ 2,503 $ 2,503 Accumulated depreciation (1,926 ) (1,805 ) Total finance lease right of use assets $ 577 $ 698 Accrued expenses and other current liabilities $ 366 $ 418 Finance lease liabilities, less current portion 229 302 Total finance lease liabilities $ 595 $ 720 Weighted Average Remaining Lease Term Operating leases 5.9 years 6.0 years Finance leases 1.8 years 1.8 years Weighted Average Discount Rate Operating leases 4.40 % 4.49 % Finance leases 3.87 % 3.87 %
Schedule of Maturities of Leases Liabilities	Maturities of lease liabilities on May 31 of each of the succeeding years are as follows: Operating Leases Finance Leases 2021 $ 1,319 374 2022 1,022 193 2023 756 40 2024 558 — 2025 397 — Thereafter 1,196 — Total lease payments 5,248 607 Less imputed interest 546 12 Total $ 4,702 595

Capital Structure (Tables)

Capital Structure (Tables)	3 Months Ended
	May 31, 2021
Equity [Abstract]
Schedule of Capital Units	The Company's capital structure is as follows: Shares Authorized Shares Outstanding Security Par Value May 31, 2021 February 28, 2021 May 31, 2021 February 28, 2021 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 21,727,629 21,666,976 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 (Table

Variable Interest Entity (Tables) - Variable Interest Entity, Primary Beneficiary [Member]	3 Months Ended
	May 31, 2021
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 May 31, 2021 and February 28, 2021: May 31, 2021 February 28, 2021 Assets (unaudited) Current assets: Cash and cash equivalents $ — $ — Accounts receivable, net 59 167 Inventory, net 2,173 2,245 Prepaid expenses and other current assets 56 30 Total current assets 2,288 2,442 Property, plant and equipment, net 47 39 Intangible assets, net 2,260 2,329 Other assets 60 60 Total assets $ 4,655 $ 4,870 Liabilities and Partners' Deficit Current liabilities: Accounts payable $ 1,357 $ 1,396 Interest payable to VOXX 11,850 11,453 Accrued expenses and other current liabilities 562 824 Due to VOXX 63,114 61,072 Total current liabilities 76,883 74,745 Other long-term liabilities 1,200 1,200 Total liabilities 78,083 75,945 Commitments and contingencies Partners' deficit: Capital 41,416 41,416 Retained losses (114,844 ) (112,491 ) Total partners' deficit (73,428 ) (71,075 ) Total liabilities and partners' deficit $ 4,655 $ 4,870
Summary of Revenues and Expenses Included in Consolidated Statements of Operations and Comprehensive Income	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 for the three months ended May 31, 2021 and 2020: For the three months ended May 31, 2021 2020 Net sales $ 205 $ 97 Cost of sales 163 119 Gross profit 42 (22 ) Operating expenses: Selling 163 177 General and administrative 344 429 Engineering and technical support 1,487 1,155 Total operating expenses 1,994 1,761 Operating loss (1,952 ) (1,783 ) Other expense: Interest and bank charges (401 ) (354 ) Other, net — — Total other expense, net (401 ) (354 ) Loss before income taxes (2,353 ) (2,137 ) Income tax expense — — Net loss $ (2,353 ) $ (2,137 )

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	May 31, 2021
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 May 31, 2021 Net sales $ 42,657 $ 94,113 $ 205 $ 85 $ 137,060 Equity in income of equity investees 2,723 — — — 2,723 Interest expense and bank charges 373 1,975 401 (2,221 ) 528 Depreciation and amortization expense 783 1,001 76 947 2,807 Income (loss) before income taxes 3,230 5,468 (2,353 ) (4,064 ) 2,281 Three Months Ended May 31, 2020 Net sales $ 17,276 $ 54,514 $ 97 $ 100 $ 71,987 Equity in income of equity investees 862 — — — 862 Interest expense and bank charges 168 2,134 355 (1,858 ) 799 Depreciation and amortization expense 466 965 86 1,026 2,543 Loss before income taxes (3,110 ) (53 ) (2,137 ) (2,024 ) (7,324 )

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	May 31, 2021
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 months ended May 31, 2021 and 2020: Three months ended May 31, 2021 2020 Automotive Electronics Segment OEM Products $ 14,914 $ 7,659 Aftermarket Products 27,743 9,617 Total Automotive Segment 42,657 17,276 Consumer Electronics Segment Premium Audio Products 71,593 34,538 Other Consumer Electronic Products 22,520 19,976 Total Consumer Electronics Segment 94,113 54,514 Biometrics Segment Biometric Products 205 97 Total Biometrics Segment 205 97 Corporate/Eliminations 85 100 Total Net Sales $ 137,060 $ 71,987

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Details)	3 Months Ended
	May 31, 2021Segment
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of reportable segments	3

Acquisition and Pending Acqui_3

Acquisition and Pending Acquisition Transaction - Additional Information (Details) - USD ($) $ in Thousands	May 28, 2021	Jul. 01, 2020	May 31, 2021	Jun. 22, 2021	Apr. 29, 2021	Feb. 28, 2021
Business Acquisition [Line Items]
Decrease in goodwill by cumulative net measurement period adjustment			$ (903)
Long-term debt, net of debt issuance costs			5,260			$ 5,962
Directed LLC and Directed Electronics Canada Inc [Member]
Business Acquisition [Line Items]
Cash purchase price		$ 11,000
Decrease in goodwill by cumulative net measurement period adjustment		$ (1,240)	$ (1,240)
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			8.80%
Onkyo Home Entertainment Corporation [Member]
Business Acquisition [Line Items]
Business combination, consideration transferred	$ 30,800
Long-term debt, net of debt issuance costs					$ 3,000
Outstanding balance			$ 3,000
Onkyo Home Entertainment Corporation [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Line of credit facility additional borrowing capacity				$ 2,250
Business combination bear interest rate				4.00%

Acquisition and Pending Acqui_4

Acquisition and Pending Acquisition Transaction - Summary of Allocation of Purchase Price for Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jul. 01, 2020	May 31, 2021	Feb. 28, 2021
Business Acquisition [Line Items]
Goodwill, measurement period adjustments		$ (903)
Goodwill		57,408	$ 58,311
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
Inventory, measurement period adjustments	956
Accounts receivable, measurement period adjustments	214
Goodwill, measurement period adjustments	(1,240)	$ (1,240)
Total assets acquired, measurement period adjustments	(170)
Accrued expenses, right of use asset, measurement period adjustments	(181)
Contract liabilities, measurement period adjustments	11
Liabilities assumed, measurement period adjustments	(170)
Inventory	8,010
Accounts receivable	5,387
Other current assets	160
Property and equipment	2,815
Operating lease, right of use asset	1,771
Goodwill	2,050
Total assets acquired	28,223
Accounts payable	8,144
Accrued expenses	1,225
Contract liabilities	4,883
Warranty accrual	1,200
Operating lease liability	1,771
Total	17,223
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

Net Income (Loss) Per Common _3

Net Income (Loss) Per Common Share - Additional Information (Details)	3 Months Ended
	May 31, 2021shares	May 31, 2020shares
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	596,379

Net Income (Loss) Per Common _4

Net Income (Loss) Per Common Share - Reconciliation Between Denominator of Basic and Diluted Net Income (Loss) Per Common Share (Details) - shares	3 Months Ended
	May 31, 2021	May 31, 2020
Net Income Per Common Share [Abstract]
Weighted-average common shares outstanding (basic)	24,266,242	24,224,478
Restricted stock and stock grants	659,732	0
Weighted-average common shares and potential common shares outstanding (diluted)	24,925,974	24,224,478

Investment Securities - Unreali

Investment Securities - Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	May 31, 2021	Feb. 28, 2021
Gain (Loss) on Securities [Line Items]
Marketable Equity Securities	$ 1,685	$ 1,777
Investments, Fair Value Disclosure	1,685	1,777
Mutual Funds [Member]
Gain (Loss) on Securities [Line Items]
Marketable Equity Securities	$ 1,685	$ 1,777

Fair Value Measurements and D_3

Fair Value Measurements and Derivatives - Additional Information (Details)	3 Months Ended
	May 31, 2021USD ($)	Feb. 28, 2021USD ($)	Jul. 20, 2015
Derivative Instruments Gain Loss [Line Items]
Derivative, Fixed Interest Rate			3.48%
Amount excluded from assessment of hedge effectiveness	$ 0
Foreign currency contracts terminated	0
Foreign Exchange Forward [Member]
Derivative Instruments Gain Loss [Line Items]
Current outstanding notional value	$ 8,100,000
Interest Rate Swap [Member]
Derivative Instruments Gain Loss [Line Items]
Current outstanding notional value	$ 6,989,000
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	9 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 D_4

Fair Value Measurements and Derivatives - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	May 31, 2021	Feb. 28, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 36,710	$ 59,404
Foreign Currency Contract, Asset, Fair Value Disclosure	(646)	(765)
Investments, Fair Value Disclosure	1,685	1,777
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	1,685	1,777
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	36,710	59,404
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0
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	1,685	1,777
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	(646)	(765)
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 D_5

Fair Value Measurements and Derivatives - Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Thousands	May 31, 2021	Feb. 28, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Prepaid expenses and other current assets	$ 26,864	$ 22,266
Accrued expenses and other current liabilities	(47,893)	(53,392)
Derivative Assets and Liabilities	(646)	(765)
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	542	412
Accrued expenses and other current liabilities	(760)	(731)
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other long-term liabilities	$ (428)	$ (446)

Fair Value Measurements and D_6

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
	May 31, 2021	May 31, 2020
Foreign Exchange Forward [Member]
Derivative Instruments Gain Loss [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ (28)	$ 0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(176)	68
Interest Rate Swap [Member]
Derivative Instruments Gain Loss [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	18	(130)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 0	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020
Accumulated Other Comprehensive Income Loss [Line Items]
Stockholders equity, beginning of period	$ 376,069	$ 348,229
Other comprehensive income (loss) before reclassifications	371
Reclassified from accumulated other comprehensive loss	121
Other comprehensive income, net of tax	492	313
Stockholders equity, end of period	377,772	339,588
Foreign Currency Translation Losses [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Stockholders equity, beginning of period	(13,374)
Other comprehensive income (loss) before reclassifications	372
Reclassified from accumulated other comprehensive loss	0
Other comprehensive income, net of tax	372
Stockholders equity, end of period	(13,002)
Pension Plan Adjustments, Net of Tax [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Stockholders equity, beginning of period	(869)
Other comprehensive income (loss) before reclassifications	1
Reclassified from accumulated other comprehensive loss	0
Other comprehensive income, net of tax	1
Stockholders equity, end of period	(868)
Derivatives Designated in a Hedging Relationship, Net of Tax [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Stockholders equity, beginning of period	(734)
Other comprehensive income (loss) before reclassifications	(2)
Reclassified from accumulated other comprehensive loss	121
Other comprehensive income, net of tax	119
Stockholders equity, end of period	(615)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Stockholders equity, beginning of period	(14,977)	(19,055)
Other comprehensive income, net of tax	492	313
Stockholders equity, end of period	$ (14,485)	$ (18,742)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Additional Information (Details) $ in Thousands	3 Months Ended
	May 31, 2021USD ($)
Accumulated Other Comprehensive Income Loss [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	$ 46
Other Comprehensive Income (Loss), Defined Benefit Plan, after Reclassification Adjustment, Tax	0
Other comprehensive income (loss) before reclassifications	371
Foreign Currency Translation Losses [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss) before reclassifications	372
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	(272)
Foreign Currency Translation Losses [Member] | Translating Financial Statements [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss) before reclassifications	$ 644

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Schedule of Cash Flow, Supplemental Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020
Supplemental Cash Flow Information [Abstract]
Change in redeemable equity	$ (34)	$ 201
Change in goodwill due to measurement period adjustments, net	(903)
Right of use assets obtained in exchange for operating lease obligations		276
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	341	243
Operating cash flows from finance leases	4	9
Finance cash flows from finance leases	114	169
Non-cash investing activities:
Interest (excluding bank charges)	128	291
Income taxes (net of refunds)	$ 1,553	$ 466

Accounting for Stock-Based Co_3

Accounting for Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 01, 2021	Mar. 01, 2020	Jul. 08, 2019	Jul. 31, 2020	May 31, 2021	May 31, 2020	Feb. 28, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense					$ 236	$ 351
Stock grants vested	100,000	100,000
Shares withheld for taxes	39,347
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					$ 61	$ 61
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
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
Grant of initial shares under employment agreement	60,653	100,000
Stock based compensation expense					$ 40	$ 103
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					236	$ 351
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized					$ 1,233
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
Stock grants vested					100,000
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] | 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 Stock Grants and RSU Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock grants vested					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 Co_4

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) - $ / shares	Mar. 01, 2021	Mar. 01, 2020	May 31, 2021
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, Vested and Settled in Period	(100,000)	(100,000)
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, Equity Instruments Other than Options, Nonvested, Number	603,724		603,724
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			0
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			503,724
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 5.18		$ 5.18
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			$ 5.39

Supply Chain Financing - Additi

Supply Chain Financing - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020
Supply Chain Financing [Abstract]
Proceeds from Sale and Collection of Receivables	$ 12,201	$ 18,875

Research and Development - Addi

Research and Development - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020
Research And Development [Abstract]
Research and Development Expense	$ 2,321	$ 1,855

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	3 Months Ended
	May 31, 2021USD ($)
Goodwill [Line Items]
Goodwill	$ 58,311
Goodwill	57,408
Automotive Electronics [Member]
Goodwill [Line Items]
Goodwill	11,778
Activity during the period	(903)
Goodwill	10,875
Goodwill, Gross	10,875
Goodwill, Impaired, Accumulated Impairment Loss	0
Consumer Electronics [Member]
Goodwill [Line Items]
Goodwill	46,533
Activity during the period	0
Goodwill	46,533
Goodwill, Gross	78,696
Goodwill, Impaired, Accumulated Impairment Loss	$ (32,163)

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Details) - USD ($)	3 Months Ended
	May 31, 2021	May 31, 2020	Feb. 28, 2021
Goodwill and Intangible Assets [Line Items]
Goodwill	$ 57,408,000		$ 58,311,000
Amortization of Intangible Assets	1,411,000	$ 1,169,000
Biometrics [Member]
Goodwill and Intangible Assets [Line Items]
Goodwill	$ 0		$ 0

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Intangible Assets, Excluding Goodwill (Details) - USD ($) $ in Thousands	May 31, 2021	Feb. 28, 2021
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 84,078	$ 84,069
Finite-Lived Intangible Assets, Accumulated Amortization	58,743	57,324
Finite-Lived Intangible Assets, Net	25,335	26,745
Intangible assets, net	88,699	90,104
Trademarks [Member]
Goodwill and Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	63,364	63,359
Customer Relationships [Member]
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	54,697	54,688
Finite-Lived Intangible Assets, Accumulated Amortization	37,400	36,412
Finite-Lived Intangible Assets, Net	17,297	18,276
Trademarks and Tradenames [Member]
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	5,545	5,545
Finite-Lived Intangible Assets, Accumulated Amortization	941	811
Finite-Lived Intangible Assets, Net	4,604	4,734
Patented Technology [Member]
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	14,144	14,144
Finite-Lived Intangible Assets, Accumulated Amortization	12,583	12,516
Finite-Lived Intangible Assets, Net	1,561	1,628
Patents [Member]
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	6,736	6,736
Finite-Lived Intangible Assets, Accumulated Amortization	4,863	4,629
Finite-Lived Intangible Assets, Net	1,873	2,107
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 Asset_5

Goodwill and Intangible Assets - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) $ in Thousands	May 31, 2021USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2022	$ 5,417
2023	4,545
2024	4,226
2025	4,052
2026	$ 3,320

Equity Investment - Additional

Equity Investment - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020	Feb. 28, 2021
Schedule of Equity Method Investments [Line Items]
Income (Loss) from Equity Method Investments	$ 2,723	$ 862
ASA Electronics, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%		50.00%

Equity Investment - Equity Meth

Equity Investment - Equity Method Investment, Summarized Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020	Feb. 28, 2021	Feb. 29, 2020
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Summarized Financial Information, Current Assets	$ 297,592		$ 319,339
Equity Method Investment, Summarized Financial Information, Current Liabilities	121,615		146,796
Equity Method Investment Summarized Financial Information, Equity	377,772	$ 339,588	376,069	$ 348,229
Equity Method Investment, Summarized Financial Information, Gross Profit (Loss)	36,695	19,975
Equity Method Investment, Summarized Financial Information, Net Income (Loss)	1,797	(9,105)
ASA Electronics, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Summarized Financial Information, Current Assets	51,128		49,956
Equity Method Investment, Summarized Financial Information, Noncurrent Assets	4,669		4,757
Equity Method Investment, Summarized Financial Information, Current Liabilities	9,507		8,179
Equity Method Investment Summarized Financial Information, Equity	46,290		$ 46,534
Equity Method Investment, Summarized Financial Information, Revenue	33,225	16,441
Equity Method Investment, Summarized Financial Information, Gross Profit (Loss)	8,645	4,137
Equity Method Investment, Summarized Financial Information, Income (Loss) from Continuing Operations	5,429	1,604
Equity Method Investment, Summarized Financial Information, Net Income (Loss)	$ 5,446	$ 1,724

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020	Feb. 28, 2021
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)	484	$ 1,781
Unrecognized tax benefits, period increase (decrease)	74	$ 4,292
Unrecognized tax benefits, period increase (decrease) excluding U.S. tax jurisdiction from estimated annual effective tax rate	4,275
Unrecognized tax benefits, period increase (decrease) due to reversal of uncertain tax provision liabilities resulting from lapse of applicable statute of limitations	$ 17
Effective income tax rate, continuing operations	21.20%	24.30%
Income (loss) from continuing operations before income taxes, noncontrolling interest	$ 2,281	$ (7,324)
Effective income tax rate reconciliation, at federal statutory income tax rate, percent	21.00%	21.00%
Liability for uncertainty in income taxes, noncurrent	$ 1,079		$ 1,170

Inventory - Schedule of Invento

Inventory - Schedule of Inventory, Current (Details) - USD ($) $ in Thousands	May 31, 2021	Feb. 28, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 20,223	$ 21,228
Work in process	1,673	1,732
Finished goods	115,827	107,833
Inventory	$ 137,723	$ 130,793

Product Warranties and Produc_3

Product Warranties and Product Repair Costs - Schedule of Product Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020
Payables And Accruals Warranties [Abstract]
Opening balance	$ 5,290	$ 4,748
Liabilities for warranties accrued during the period	700	791
Warranty claims settled during the period	(600)	(973)
Ending balance	$ 5,390	$ 4,566

Accrued Restructuring Expense -

Accrued Restructuring Expense - Additional Information (Details) $ in Thousands	Feb. 28, 2021USD ($)
Restructuring And Related Activities [Abstract]
Restructuring liability, included accrued expenses and other current liabilities	$ 31

Financing Arrangements - Schedu

Financing Arrangements - Schedule of Debt (Details) - USD ($) $ in Thousands		May 31, 2021	Feb. 28, 2021
Debt, Long-term and Short-term, Combined Amount		$ 6,989	$ 7,114
Less: current portion of long-term debt		500	500
Long-term debt		6,489	6,614
Less: debt issuance costs		1,229	652
Total long-term debt, net of debt issuance costs		5,260	5,962
Mortgages [Member]
Debt, Long-term and Short-term, Combined Amount	[1]	6,989	$ 7,114
Less: debt issuance costs		$ 148
[1]	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% (1.17% at May 31, 2021) 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 over the ten-year 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).

Financing Arrangements - Sche_2

Financing Arrangements - Schedule of Debt (Parenthetical) (Details) € in Thousands	Apr. 19, 2021USD ($)	May 31, 2021USD ($)Rate	May 31, 2020USD ($)	May 31, 2021EUR (€)Rate	Apr. 30, 2021USD ($)	Feb. 28, 2021USD ($)	Jul. 20, 2015	Jul. 06, 2015USD ($)	Oct. 23, 2000EUR (€)
Line of credit facility, maximum borrowing capacity		$ 101,450,000
Line of credit facility, maturity date		Apr. 19, 2026
Percentage of maximum revolver amount		15.00%
Debt instrument compliance description		Company is in a Compliance Period (the period commencing on that day in which Excess Availability is less than 15% of the Maximum Revolver Amount and ending on a day in which Excess Availability is equal to or greater than 15% for any consecutive 30-day period thereafter)
Line of credit facility, commitment fee amount		$ 133,000	$ 116,000
Line of credit facility, additional financing fees					$ 660,000
Debt issuance costs, net		$ 1,229,000				$ 652,000
Industrial revenue bond								$ 9,995,000
Mortgage bears interest rate		70.00%
Debt issuance costs, gross		$ 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		1.17%		1.17%
Amortization of debt issuance costs		$ 8,000	8,000
Debt issuance costs, net		$ 148,000
Debt instrument, term		10 years
London Interbank Offered Rate (LIBOR) [Member]
Debt instrument, interest rate at period end		2.00%		2.00%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt instrument, basis spread on variable rate		1.75%
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt instrument, basis spread on variable rate		2.25%
Base Rate [Member]
Debt instrument, interest rate at period end		4.00%		4.00%
Base Rate [Member] | Minimum [Member]
Debt instrument, basis spread on variable rate		0.75%
Base Rate [Member] | Maximum [Member]
Debt instrument, basis spread on variable rate		1.25%
Debt instrument interest rate during period		1.75%
Loans [Member]
Line of credit facility, maximum borrowing capacity	$ 15,000,000
Revolving Credit Facility [Member]
Line of credit facility, current borrowing capacity	$ 140,000,000
Line of credit facility, maturity date	Apr. 19, 2026
Letter of Credit [Member]
Line of credit facility, maximum borrowing capacity	$ 30,000,000
Line of Credit [Member]
Amortization of debt issuance costs		$ 75,000	$ 198,000
Debt issuance costs, net		$ 1,082,000
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%
Outstanding balance | €				€ 0

Other Income (Expense) - Schedu

Other Income (Expense) - Schedule of Other Nonoperating Income (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020
Other Income And Expenses [Abstract]
Foreign currency gain (loss)	$ 116	$ (116)
Interest income	7	86
Rental income	164	186
Miscellaneous	155	529
Total other, net	$ 442	$ 685

Foreign Currency - Additional I

Foreign Currency - Additional Information (Details)	3 Months Ended
	May 31, 2021USD ($)
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%

Lease Obligations - Additional

Lease Obligations - Additional Information (Details) - USD ($)	3 Months Ended
	May 31, 2021	May 31, 2020
Leases [Line Items]
Short term leases	$ 0
Other Income (Expense) [Member]
Leases [Line Items]
Rental income	$ 164,000	$ 186,000
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

Lease Obligations - Schedule of Components of Lease Cost (Details) - USD ($) $ in Thousands		3 Months Ended
		May 31, 2021	May 31, 2020
Leases [Abstract]
Operating lease cost	[1],[2]	$ 341	$ 243
Finance lease cost:
Amortization of right of use assets	[2]	121	169
Interest on lease liabilities	[3]	4	9
Total finance lease cost		$ 125	$ 178
[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 Unaudited Consolidated Statement of Operations and Comprehensive Income.
[3]	Recorded within Interest and bank charges on the Unaudited Consolidated Statement of Operations and Comprehensive Income.

Lease Obligations - Schedule _2

Lease Obligations - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	May 31, 2021	Feb. 28, 2021
Operating Leases
Operating lease, right of use assets	$ 4,559	$ 4,572
Total operating lease right of use assets	4,559	4,572
Accrued expenses and other current liabilities	1,162	1,119
Operating lease liabilities, less current portion	3,540	3,582
Total operating lease liabilities	4,702	4,701
Finance Leases
Property, plant, and equipment, gross	2,503	2,503
Accumulated depreciation	(1,926)	(1,805)
Total finance lease right of use assets	577	698
Accrued expenses and other current liabilities	366	418
Finance lease liabilities, less current portion	229	302
Total finance lease liabilities	$ 595	$ 720
Weighted Average Remaining Lease Term
Operating leases	5 years 10 months 24 days	6 years
Finance leases	1 year 9 months 18 days	1 year 9 months 18 days
Weighted Average Discount Rate
Operating leases	4.40%	4.49%
Finance leases	3.87%	3.87%

Lease Obligations - Schedule _3

Lease Obligations - Schedule of Maturities of Leases Liabilities (Details) - USD ($) $ in Thousands	May 31, 2021	Feb. 28, 2021
Operating Leases
2021	$ 1,319
2022	1,022
2023	756
2024	558
2025	397
Thereafter	1,196
Total lease payments	5,248
Less imputed interest	546
Total	4,702	$ 4,701
Finance Leases
2021	374
2022	193
2023	40
Total lease payments	607
Less imputed interest	12
Total	$ 595	$ 720

Capital Structure - Schedule of

Capital Structure - Schedule of Capital Units (Details) - $ / shares	3 Months Ended
	May 31, 2021	Feb. 28, 2021
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
Preferred Stock, Shares Authorized	50,000	50,000
Preferred stock, shares outstanding	0	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
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
Treasury stock, shares	2,749,218	2,749,218
Common Stock, Shares, Outstanding	21,727,629	21,666,976
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 - Addi

Variable Interest Entity - Additional Information (Details) - USD ($)	Apr. 29, 2021	May 31, 2021	Feb. 28, 2019	Feb. 28, 2021
Variable Interest Entity [Line Items]
Line of credit facility, maximum borrowing capacity		$ 101,450,000
Notes, loans and financing receivable, net, noncurrent		1.50
Long-term debt, net of debt issuance costs		$ 5,260,000		$ 5,962,000
EyeLock [Member] | Exclusive Distribution Agreement [Member]
Variable Interest Entity [Line Items]
Distribution agreement term	3 years
EyeLock [Member] | GalvanEyes [Member] | Exclusive Distribution Agreement [Member]
Variable Interest Entity [Line Items]
Annual fee receivable under distribution agreement subject to certain closing conditions	$ 10,000,000
EyeLock [Member] | GalvanEyes [Member] | Maximum [Member] | Exclusive Distribution Agreement [Member]
Variable Interest Entity [Line Items]
Quarterly fee receivable under distribution agreement subject to certain closing conditions	$ 5,000,000
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		$ 64,600,000
Long-term debt, net of debt issuance costs		$ 63,114,000

Variable Interest Entity - Summ

Variable Interest Entity - Summary of Carrying Values of Assets and Liabilities Included in Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	May 31, 2021	Feb. 28, 2021
Variable Interest Entity [Line Items]
Cash and cash equivalents	$ 36,710	$ 59,404
Accounts receivable, net	95,498	106,165
Prepaid expenses and other current assets	26,864	22,266
Total current assets	297,592	319,339
Property, plant and equipment, net	51,659	52,026
Intangible assets, net	88,699	90,104
Other assets	990	1,323
Total assets	525,838	550,818
Current portion of long-term debt	500	500
Total current liabilities	121,615	146,796
Other long-term liabilities	4,422	5,255
Total liabilities	144,840	171,489
Commitments and contingencies
Retained earnings	151,622	148,906
Total liabilities, redeemable equity, and stockholders' equity	525,838	550,818
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Accounts receivable, net	59	167
Inventory, net	2,173	2,245
Prepaid expenses and other current assets	56	30
Total current assets	2,288	2,442
Property, plant and equipment, net	47	39
Intangible assets, net	2,260	2,329
Other assets	60	60
Total assets	4,655	4,870
Accounts payable	1,357	1,396
Interest payable to VOXX	11,850	11,453
Accrued expenses and other current liabilities	562	824
Current portion of long-term debt	63,114	61,072
Total current liabilities	76,883	74,745
Other long-term liabilities	1,200	1,200
Total liabilities	78,083	75,945
Commitments and contingencies
Capital	41,416	41,416
Retained earnings	(114,844)	(112,491)
Total partners' deficit	(73,428)	(71,075)
Total liabilities, redeemable equity, and stockholders' equity	$ 4,655	$ 4,870

Variable Interest Entity - Su_2

Variable Interest Entity - Summary of Revenues and Expenses Included in Consolidated Statements of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020
Variable Interest Entity [Line Items]
Net sales	$ 137,060	$ 71,987
Cost of sales	100,365	52,012
Gross profit	36,695	19,975
Selling	11,467	8,567
General and administrative	19,352	14,995
Engineering and technical support	6,232	4,485
Total operating expenses	37,051	28,047
Operating loss	(356)	(8,072)
Interest and bank charges	(528)	(799)
Other, net	442	685
Total other income, net	2,637	748
Income (loss) before income taxes	2,281	(7,324)
Income tax expense	484	1,781
Net income (loss)	1,797	(9,105)
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Net sales	205	97
Cost of sales	163	119
Gross profit	42	(22)
Selling	163	177
General and administrative	344	429
Engineering and technical support	1,487	1,155
Total operating expenses	1,994	1,761
Operating loss	(1,952)	(1,783)
Interest and bank charges	(401)	(354)
Total other income, net	(401)	(354)
Income (loss) before income taxes	(2,353)	(2,137)
Net income (loss)	$ (2,353)	$ (2,137)

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	3 Months Ended
	May 31, 2021Segment
Segment Reporting [Abstract]
Number of reportable segments	3
Number of operating segments	3

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Reporting Information by Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 137,060	$ 71,987
Equity in income of equity investees	2,723	862
Interest expense and bank charges	528	799
Depreciation and amortization expense	2,807	2,543
Income (loss) before income taxes	2,281	(7,324)
Operating Segments [Member] | Automotive Electronics [Member]
Segment Reporting Information [Line Items]
Net sales	42,657	17,276
Equity in income of equity investees	2,723	862
Interest expense and bank charges	373	168
Depreciation and amortization expense	783	466
Income (loss) before income taxes	3,230	(3,110)
Operating Segments [Member] | Consumer Electronics [Member]
Segment Reporting Information [Line Items]
Net sales	94,113	54,514
Equity in income of equity investees	0	0
Interest expense and bank charges	1,975	2,134
Depreciation and amortization expense	1,001	965
Income (loss) before income taxes	5,468	(53)
Operating Segments [Member] | Biometrics [Member]
Segment Reporting Information [Line Items]
Net sales	205	97
Equity in income of equity investees	0	0
Interest expense and bank charges	401	355
Depreciation and amortization expense	76	86
Income (loss) before income taxes	(2,353)	(2,137)
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Net sales	85	100
Equity in income of equity investees	0	0
Interest expense and bank charges	(2,221)	(1,858)
Depreciation and amortization expense	947	1,026
Income (loss) before income taxes	$ (4,064)	$ (2,024)

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Additional Information (Details)	3 Months Ended
	May 31, 2021USD ($)Segment	Feb. 28, 2021USD ($)
Disaggregation Of Revenue [Line Items]
Contract with customer, right to recover product	$ 2,185,000	$ 2,404,000
Contract with customer, refund liability	4,575,000	5,145,000
Contract with customer, asset, net	0	0
Contract with customer, liability, revenue recognized	$ 1,847,000
Contract with customer, liability		$ 5,265,000
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	$ 5,037,000
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 C_4

Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	May 31, 2020
Disaggregation Of Revenue [Line Items]
Net sales	$ 137,060	$ 71,987
Corporate, Non-Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	85	100
Automotive [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Net sales	42,657	17,276
Automotive [Member] | Operating Segments [Member] | OEM Products [Member]
Disaggregation Of Revenue [Line Items]
Net sales	14,914	7,659
Automotive [Member] | Operating Segments [Member] | Aftermarket Products [Member]
Disaggregation Of Revenue [Line Items]
Net sales	27,743	9,617
Consumer Electronics [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Net sales	94,113	54,514
Consumer Electronics [Member] | Operating Segments [Member] | Premium Audio Products [Member]
Disaggregation Of Revenue [Line Items]
Net sales	71,593	34,538
Consumer Electronics [Member] | Operating Segments [Member] | Other Consumer Electronic Products [Member]
Disaggregation Of Revenue [Line Items]
Net sales	22,520	19,976
Biometrics [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Net sales	205	97
Biometrics [Member] | Operating Segments [Member] | Biometric Products [Member]
Disaggregation Of Revenue [Line Items]
Net sales	$ 205	$ 97

New Accounting Pronouncements -

New Accounting Pronouncements - Additional Information (Details)	May 31, 2021
ASU 2018-14 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, immaterial effect	true
ASU 2019-12 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, immaterial effect	true
ASU 2020-01 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, immaterial effect	true