$VOXX
VOXX International Corp

2021 Q3 Form 10-Q Financial Statement

#000156459021050634 Filed on October 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $143.1M $128.0M
YoY Change 11.78% 41.87%
Cost Of Revenue $105.9M $90.00M
YoY Change 17.69% 35.34%
Gross Profit $37.19M $38.08M
YoY Change -2.34% 60.19%
Gross Profit Margin 25.98% 29.74%
Selling, General & Admin $29.72M $24.60M
YoY Change 20.82% -7.17%
% of Gross Profit 79.93% 64.61%
Research & Development $3.624M $1.666M
YoY Change 117.53% -12.27%
% of Gross Profit 9.75% 4.38%
Depreciation & Amortization $2.765M $2.747M
YoY Change 0.66% -10.29%
% of Gross Profit 7.44% 7.21%
Operating Expenses $39.92M $29.56M
YoY Change 35.07% 1456.56%
Operating Profit -$2.738M $8.517M
YoY Change -132.15% -61.06%
Interest Expense $1.456M -$15.00K
YoY Change -9806.67% -106.67%
% of Operating Profit -0.18%
Other Income/Expense, Net $373.0K -$392.0K
YoY Change -195.15% -171.66%
Pretax Income -$909.0K $9.164M
YoY Change -109.92% -251.5%
Income Tax -$217.0K $2.609M
% Of Pretax Income 28.47%
Net Earnings -$692.0K $7.340M
YoY Change -109.43% -223.07%
Net Earnings / Revenue -0.48% 5.73%
Basic Earnings Per Share $0.01 $0.30
Diluted Earnings Per Share $12.51K $0.30
COMMON SHARES
Basic Shares Outstanding 24.28M 24.22M
Diluted Shares Outstanding 24.86M 24.55M

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.05M $45.90M
YoY Change -10.56% 16.79%
Cash & Equivalents $41.05M $45.90M
Short-Term Investments
Other Short-Term Assets $24.15M $14.30M
YoY Change 68.87% 48.96%
Inventory $145.7M $126.4M
Prepaid Expenses
Receivables $90.35M $104.6M
Other Receivables $9.187M $1.000M
Total Short-Term Assets $310.4M $292.2M
YoY Change 6.24% 25.19%
LONG-TERM ASSETS
Property, Plant & Equipment $55.33M $57.80M
YoY Change -4.27% -7.07%
Goodwill $56.96M $58.38M
YoY Change -2.44%
Intangibles $87.19M $94.35M
YoY Change -7.59%
Long-Term Investments $24.00M $24.10M
YoY Change -0.41% -0.41%
Other Assets $896.0K $1.600M
YoY Change -44.0% -20.0%
Total Long-Term Assets $224.4M $236.3M
YoY Change -5.05% -8.76%
TOTAL ASSETS
Total Short-Term Assets $310.4M $292.2M
Total Long-Term Assets $224.4M $236.3M
Total Assets $534.8M $528.5M
YoY Change 1.2% 7.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.01M $58.40M
YoY Change -0.67% 72.78%
Accrued Expenses $69.06M $62.80M
YoY Change 9.96% 35.34%
Deferred Revenue $3.698M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.328M $959.0K
YoY Change 38.48% -86.86%
Total Short-Term Liabilities $133.8M $129.5M
YoY Change 3.33% 45.67%
LONG-TERM LIABILITIES
Long-Term Debt $6.366M $27.20M
YoY Change -76.59% 268.35%
Other Long-Term Liabilities $10.58M $14.10M
YoY Change -24.97% 78.48%
Total Long-Term Liabilities $6.366M $27.20M
YoY Change -76.59% 268.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $133.8M $129.5M
Total Long-Term Liabilities $6.366M $27.20M
Total Liabilities $140.2M $150.5M
YoY Change -6.86% 59.26%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $2.862M $2.749M
Shareholders Equity $408.1M $378.1M
YoY Change
Total Liabilities & Shareholders Equity $534.8M $528.5M
YoY Change 1.2% 7.33%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$692.0K $7.340M
YoY Change -109.43% -223.07%
Depreciation, Depletion And Amortization $2.765M $2.747M
YoY Change 0.66% -10.29%
Cash From Operating Activities $11.51M -$12.40M
YoY Change -192.85% -27.91%
INVESTING ACTIVITIES
Capital Expenditures -$911.0K -$500.0K
YoY Change 82.2% -16.67%
Acquisitions
YoY Change
Other Investing Activities -$5.390M -$11.00M
YoY Change -51.0%
Cash From Investing Activities -$6.301M -$11.50M
YoY Change -45.21% 1816.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -620.0K -200.0K
YoY Change 210.0% -93.55%
NET CHANGE
Cash From Operating Activities 11.51M -12.40M
Cash From Investing Activities -6.301M -11.50M
Cash From Financing Activities -620.0K -200.0K
Net Change In Cash 4.593M -24.10M
YoY Change -119.06% 15.31%
FREE CASH FLOW
Cash From Operating Activities $11.51M -$12.40M
Capital Expenditures -$911.0K -$500.0K
Free Cash Flow $12.43M -$11.90M
YoY Change -204.41% -28.31%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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IncomeTaxesPaid
402000
us-gaap Income Taxes Paid
IncomeTaxesPaid
742000
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
100000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
100000
CY2021Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
39347
CY2021Q3 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
29975000
us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
42176000
CY2020Q3 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
19320000
us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
39184000
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3624000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5945000
CY2020Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1666000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3521000
CY2021Q3 us-gaap Goodwill
Goodwill
56958000
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
83891000
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
59943000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23948000
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
87192000
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
84069000
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
57324000
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26745000
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
90104000
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1375000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2786000
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1327000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2496000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
5171000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
4432000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
4167000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
4035000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
2710000
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2035000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4758000
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1883000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2745000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-217000
CY2021Q3 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
70000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2609000
CY2020Q3 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
142000
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.285
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9164000
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
267000
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
144000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4390000
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
4151000
voxx Unrecognized Tax Benefits Period Increase Decrease Excluding Domestic Tax Jurisdiction From Estimated Annual Effective Tax Rate
UnrecognizedTaxBenefitsPeriodIncreaseDecreaseExcludingDomesticTaxJurisdictionFromEstimatedAnnualEffectiveTaxRate
4275000
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
155000
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
31000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.195
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1372000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
2.386
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1840000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
1007000
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
21944000
CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
21228000
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1717000
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1732000
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
122050000
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
107833000
CY2021Q3 us-gaap Inventory Net
InventoryNet
145711000
CY2021Q1 us-gaap Inventory Net
InventoryNet
130793000
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5390000
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4566000
CY2021Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
537000
CY2020Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
684000
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1237000
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1475000
CY2021Q3 voxx Standard Product Warranty Accrual Liabilities Adjusted Acquired From Business Acquisition
StandardProductWarrantyAccrualLiabilitiesAdjustedAcquiredFromBusinessAcquisition
-352000
CY2020Q3 voxx Standard Product Warranty Accrual Liabilities Adjusted Acquired From Business Acquisition
StandardProductWarrantyAccrualLiabilitiesAdjustedAcquiredFromBusinessAcquisition
1200000
voxx Standard Product Warranty Accrual Liabilities Adjusted Acquired From Business Acquisition
StandardProductWarrantyAccrualLiabilitiesAdjustedAcquiredFromBusinessAcquisition
-352000
voxx Standard Product Warranty Accrual Liabilities Adjusted Acquired From Business Acquisition
StandardProductWarrantyAccrualLiabilitiesAdjustedAcquiredFromBusinessAcquisition
1200000
CY2021Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1080000
CY2020Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
930000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1680000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1903000
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4495000
CY2020Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5520000
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4495000
CY2020Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5520000
CY2021Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
7694000
CY2021Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
7114000
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1328000
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
500000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6366000
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6614000
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1174000
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
652000
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
5192000
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
5962000
CY2021Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
107422000
us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
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)
voxx Percentage Of Maximum Revolver Amount
PercentageOfMaximumRevolverAmount
0.15
CY2021Q3 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
190000
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
323000
CY2020Q3 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
125000
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
241000
CY2021Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
667000
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2026-04-19
CY2015Q3 us-gaap Longterm Construction Loan Current And Noncurrent
LongtermConstructionLoanCurrentAndNoncurrent
9995000
srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.70
CY2021Q3 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
332000
CY2015Q3 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.0348
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-479000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
71000
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
368000
us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
500000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
460000
voxx Cumulative Inflation Rate Period
CumulativeInflationRatePeriod
P3Y
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Short Term Lease Cost
ShortTermLeaseCost
0
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
342000
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
265000
us-gaap Operating Lease Cost
OperatingLeaseCost
683000
us-gaap Operating Lease Cost
OperatingLeaseCost
508000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
101000
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
161000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
222000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
326000
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
17000
CY2021Q3 voxx Finance Lease Cost
FinanceLeaseCost
104000
CY2020Q3 voxx Finance Lease Cost
FinanceLeaseCost
169000
voxx Finance Lease Cost
FinanceLeaseCost
229000
voxx Finance Lease Cost
FinanceLeaseCost
343000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4309000
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4572000
CY2021Q3 voxx Aggregate Operating Lease Right Of Use Assets
AggregateOperatingLeaseRightOfUseAssets
4309000
CY2021Q1 voxx Aggregate Operating Lease Right Of Use Assets
AggregateOperatingLeaseRightOfUseAssets
4572000
CY2021Q3 voxx Operating Lease Accrued Expenses And Other Current Liabilities
OperatingLeaseAccruedExpensesAndOtherCurrentLiabilities
1101000
CY2021Q1 voxx Operating Lease Accrued Expenses And Other Current Liabilities
OperatingLeaseAccruedExpensesAndOtherCurrentLiabilities
1119000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3327000
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3582000
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
4428000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4701000
CY2021Q3 voxx Finance Lease Property Plant And Equipment Gross
FinanceLeasePropertyPlantAndEquipmentGross
2503000
CY2021Q1 voxx Finance Lease Property Plant And Equipment Gross
FinanceLeasePropertyPlantAndEquipmentGross
2503000
CY2021Q3 voxx Finance Lease Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
FinanceLeaseAccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2028000
CY2021Q1 voxx Finance Lease Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
FinanceLeaseAccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1805000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
475000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
698000
CY2021Q3 voxx Finance Lease Accrued Expenses And Other Current Liabilities
FinanceLeaseAccruedExpensesAndOtherCurrentLiabilities
335000
CY2021Q1 voxx Finance Lease Accrued Expenses And Other Current Liabilities
FinanceLeaseAccruedExpensesAndOtherCurrentLiabilities
418000
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
155000
CY2021Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
302000
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
490000
CY2021Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
720000
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0424
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0449
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0387
CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0387
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2035000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1241000
CY2021Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
342000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
920000
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
157000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
696000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
492000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
347000
CY2021Q3 voxx Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1243000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4939000
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
499000
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
511000
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
9000
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
4428000
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
490000
CY2021Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
2862218
CY2021Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
2749218
CY2021Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
113000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
113000
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1220000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1220000
CY2021Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
2305876
CY2021Q3 us-gaap Debt Instrument Measurement Input
DebtInstrumentMeasurementInput
1.50
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
143109000
CY2021Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
582000
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2765000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-909000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128032000
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1883000
CY2020Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
1010000
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2747000
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9164000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
280169000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4758000
us-gaap Interest And Debt Expense
InterestAndDebtExpense
1110000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5572000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1840000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
200019000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1372000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
200019000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2745000
us-gaap Interest And Debt Expense
InterestAndDebtExpense
1809000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5290000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128032000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
280169000
CY2021Q1 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
5145000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3766000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1847000
CY2021Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
143109000
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:7.03%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</span></p></td> <td valign="top"> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"><span style="text-decoration:underline;color:#000000;">Contingencies</span></p></td></tr></table></div> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;margin-left:7.03%;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;margin-left:7.03%;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p>

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