Product Warranties and Product Repair Costs (Tables)

9 Months Ended

Nov. 30, 2024

Payables And Accruals Warranties [Abstract]

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 was $5,884 and $4,965 at November 30, 2024 and February 29, 2024, respectively, on the Consolidated Balance Sheets. The reserve for product repair costs is recorded as a reduction of Inventory and was $599 and $1,628 at November 30, 2024 and February 29, 2024, respectively, on the Consolidated Balance Sheets.


	Three months ended November 30,						Nine months ended November 30,
	2024			2023			2024			2023
Opening balance	$	6,351		$	6,667		$	6,593		$	6,759
Liabilities for warranties and product repair costs accrued during the period		979			548			3,335			2,573
Warranty claims settled and product repair costs expended during the period		(847	)		(899	)		(3,445	)		(3,016	)
Ending balance	$	6,483		$	6,316		$	6,483		$	6,316

VOXX International Corp 10-Q