Ennis (EBF) 10-Q 5 Jan 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Nov. 30, 2021	Dec. 29, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2021
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Trading Symbol	EBF
Entity Registrant Name	ENNIS, INC.
Entity Central Index Key	0000033002
Current Fiscal Year End Date	--02-28
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		26,018,706
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	1-5807
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	75-0256410
Entity Address, Address Line One	2441 Presidential Pkwy
Entity Address, City or Town	Midlothian
Entity Address, State or Province	TX
Entity Address, Country	US
Entity Address, Postal Zip Code	76065
City Area Code	972
Local Phone Number	775-9801
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock, par value $2.50 per share
Security Exchange Name	NYSE

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2021	Feb. 28, 2021
Current assets
Cash	$ 80,969	$ 75,190
Accounts receivable, net of allowance for doubtful receivables of $1,265 at November 30, 2021 and $961 at February 28, 2021	38,576	37,891
Prepaid expenses	1,962	1,605
Inventories	40,365	32,906
Assets held for sale		482
Total current assets	161,872	148,074
Property, plant and equipment
Plant, machinery and equipment	157,903	157,737
Land and buildings	57,513	56,185
Computer equipment and software	18,868	19,336
Other	4,519	4,808
Total property, plant and equipment	238,803	238,066
Less accumulated depreciation	184,917	182,682
Net property, plant and equipment	53,886	55,384
Operating lease right-of-use assets	17,062	19,187
Goodwill	88,677	88,647
Intangible assets, net	47,817	52,712
Other assets	385	384
Total assets	369,699	364,388
Current liabilities
Accounts payable	15,950	14,759
Accrued expenses	16,707	14,955
Current portion of operating lease liabilities	5,604	5,338
Total current liabilities	38,261	35,052
Liability for pension benefits	5,299	6,299
Deferred income taxes	8,140	7,677
Operating lease liabilities, net of current portion	11,322	13,567
Other liabilities	733	1,244
Total liabilities	63,755	63,839
Commitments and contingencies
Shareholders’ equity
Preferred stock $10 par value, authorized 1,000,000 shares; none issued
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at November 30, 2021 and February 28, 2021	75,134	75,134
Additional paid-in capital	123,744	123,017
Retained earnings	197,847	194,436
Accumulated other comprehensive loss:
Minimum pension liability, net of taxes	(18,800)	(20,282)
Treasury stock	(71,981)	(71,756)
Total shareholders’ equity	305,944	300,549
Total liabilities and shareholders' equity	$ 369,699	$ 364,388

Unaudited Consolidated Balanc_2

Unaudited Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2021	Feb. 28, 2021
Statement Of Financial Position [Abstract]
Allowance for doubtful receivables	$ 1,265	$ 961
Preferred stock, par value	$ 10	$ 10
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 2.50	$ 2.50
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	30,053,443	30,053,443

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020
Income Statement [Abstract]
Net sales	$ 102,968	$ 92,443	$ 300,349	$ 268,051
Type of revenue [extensible list]	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember
Cost of goods sold	$ 73,768	$ 64,355	$ 213,062	$ 190,901
Type of cost, good or service [extensible list]	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember
Gross profit margin	$ 29,200	$ 28,088	$ 87,287	$ 77,150
Selling, general and administrative	17,513	16,690	54,523	51,348
Gain from disposal of assets	1	(159)	(275)	(571)
Income from operations	11,686	11,557	33,039	26,373
Other expense
Interest expense	(3)	(2)	(7)	(8)
Other, net	(878)	(253)	(1,136)	(731)
Total other expense	(881)	(255)	(1,143)	(739)
Earnings before income taxes	10,805	11,302	31,896	25,634
Income tax expense	3,242	2,939	9,569	6,665
Net earnings	$ 7,563	$ 8,363	$ 22,327	$ 18,969
Weighted average common shares outstanding
Basic	26,020,210	25,974,006	26,053,898	25,978,461
Diluted	26,020,210	25,974,006	26,151,480	25,978,461
Earnings per share
Basic	$ 0.29	$ 0.32	$ 0.86	$ 0.73
Diluted	0.29	0.32	0.85	0.73
Cash dividends per share	$ 0.250	$ 0.225	$ 0.725	$ 0.675

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 7,563	$ 8,363	$ 22,327	$ 18,969
Adjustment to pension, net of taxes	885	433	1,482	1,299
Comprehensive income	$ 8,448	$ 8,796	$ 23,809	$ 20,268

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Changes in Shareholders' Equity - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]
Beginning balance at Feb. 29, 2020	$ 294,329,000	$ 75,134,000	$ 123,052,000	$ 193,809,000	$ (25,206,000)	$ (72,460,000)
Beginning balance common stock, shares at Feb. 29, 2020		30,053,443
Beginning balance, treasury stock, shares at Feb. 29, 2020						(4,136,286)
Net earnings	18,969,000			18,969,000
Adjustment to pension, net of deferred tax of $295, $494, $145 and $289 respectively	1,299,000				1,299,000
Dividends paid ($0.25, $0.475, $0.225 and $0.45 per share respectively)	(17,601,000)			(17,601,000)
Stock based compensation	933,000		933,000
Exercise of stock options and restricted stock			(1,286,000)			$ 1,286,000
Exercise of stock options and restricted stock, shares						73,413
Common stock repurchases	(1,235,000)					$ 1,235,000
Common stock repurchases, shares						(77,996)
Ending balance at Nov. 30, 2020	296,694,000	$ 75,134,000	122,699,000	195,177,000	(23,907,000)	$ (72,409,000)
Ending balance common stock, shares at Nov. 30, 2020		30,053,443
Ending balance treasury stock, shares at Nov. 30, 2020						(4,140,869)
Beginning balance at Aug. 31, 2020	294,312,000	$ 75,134,000	122,430,000	192,685,000	(24,340,000)	$ (71,597,000)
Beginning balance common stock, shares at Aug. 31, 2020		30,053,443
Beginning balance, treasury stock, shares at Aug. 31, 2020						(4,089,345)
Net earnings	8,363,000			8,363,000
Adjustment to pension, net of deferred tax of $295, $494, $145 and $289 respectively	433,000				433,000
Dividends paid ($0.25, $0.475, $0.225 and $0.45 per share respectively)	(5,871,000)			(5,871,000)
Stock based compensation	269,000		269,000
Exercise of stock options and restricted stock			0			$ 0
Exercise of stock options and restricted stock, shares						0
Common stock repurchases	(812,000)
Common stock repurchases, shares						51,524
Ending balance at Nov. 30, 2020	296,694,000	$ 75,134,000	122,699,000	195,177,000	(23,907,000)	$ (72,409,000)
Ending balance common stock, shares at Nov. 30, 2020		30,053,443
Ending balance treasury stock, shares at Nov. 30, 2020						(4,140,869)
Beginning balance at Feb. 28, 2021	$ 300,549,000	$ 75,134,000	123,017,000	194,436,000	(20,282,000)	$ (71,756,000)
Beginning balance common stock, shares at Feb. 28, 2021	30,053,443	30,053,443
Beginning balance, treasury stock, shares at Feb. 28, 2021						(4,103,630)
Net earnings	$ 22,327,000			22,327,000
Adjustment to pension, net of deferred tax of $295, $494, $145 and $289 respectively	1,482,000				1,482,000
Dividends paid ($0.25, $0.475, $0.225 and $0.45 per share respectively)	(18,916,000)			(18,916,000)
Stock based compensation	2,444,000		2,444,000
Exercise of stock options and restricted stock			(1,717,000)			$ 1,717,000
Exercise of stock options and restricted stock, shares						98,188
Common stock repurchases	$ (1,942,000)					$ (1,942,000)
Common stock repurchases, shares	(102,757)					(102,757)
Ending balance at Nov. 30, 2021	$ 305,944,000	$ 75,134,000	123,744,000	197,847,000	(18,800,000)	$ (71,981,000)
Ending balance common stock, shares at Nov. 30, 2021	30,053,443	30,053,443
Ending balance treasury stock, shares at Nov. 30, 2021						(4,108,199)
Beginning balance at Aug. 31, 2021	$ 305,321,000	$ 75,134,000	123,116,000	196,809,000	(19,685,000)	$ (70,053,000)
Beginning balance common stock, shares at Aug. 31, 2021		30,053,443
Beginning balance, treasury stock, shares at Aug. 31, 2021						(4,006,268)
Net earnings	7,563,000			7,563,000
Adjustment to pension, net of deferred tax of $295, $494, $145 and $289 respectively	885,000				885,000
Dividends paid ($0.25, $0.475, $0.225 and $0.45 per share respectively)	(6,525,000)			(6,525,000)
Stock based compensation	642,000		642,000
Exercise of stock options and restricted stock			(14,000)			$ 14,000
Exercise of stock options and restricted stock, shares						826
Common stock repurchases	(1,942,000)					$ (1,942,000)
Common stock repurchases, shares						(102,757)
Ending balance at Nov. 30, 2021	$ 305,944,000	$ 75,134,000	$ 123,744,000	$ 197,847,000	$ (18,800,000)	$ (71,981,000)
Ending balance common stock, shares at Nov. 30, 2021	30,053,443	30,053,443
Ending balance treasury stock, shares at Nov. 30, 2021						(4,108,199)

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020
Statement Of Stockholders Equity [Abstract]
Deferred tax adjusted to pension	$ 295	$ 145	$ 494	$ 289
Dividends paid per share	$ 0.250	$ 0.225	$ 0.725	$ 0.675

Unaudited Consolidated Statem_5

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2021	Nov. 30, 2020
Cash flows from operating activities:
Net earnings	$ 22,327	$ 18,969
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	7,752	7,289
Amortization of intangible assets	6,137	5,978
Gain from disposal of assets	(275)	(571)
Bad debt expense, net of recoveries	408	933
Stock based compensation	2,444	933
Net pension expense	945	1,732
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable	(569)	8,354
Prepaid expenses and income taxes	(357)	(971)
Inventories	(6,227)	2,836
Other assets	(15)	1
Accounts payable and accrued expenses	2,090	(4,561)
Other liabilities	(365)	(143)
Net cash provided by operating activities	34,295	40,779
Cash flows from investing activities:
Capital expenditures	(4,143)	(2,541)
Purchase of businesses, net of cash acquired	(4,340)	0
Proceeds from disposal of plant and property	825	1,698
Net cash used in investing activities	(7,658)	(843)
Cash flows from financing activities:
Dividends paid	(18,916)	(17,601)
Common stock repurchases	(1,942)	(1,235)
Net cash used in financing activities	(20,858)	(18,836)
Net change in cash and cash equivalents	5,779	21,100
Cash and cash equivalents at beginning of period	75,190	68,258
Cash and cash equivalents at end of period	$ 80,969	$ 89,358

Significant Accounting Policies

Significant Accounting Policies and General Matters	9 Months Ended
	Nov. 30, 2021
Accounting Policies [Abstract]
Significant Accounting Policies and General Matters	1. Significant Accounting Policies and General Matters Basis of Presentation These unaudited consolidated financial statements of Ennis, Inc. and its subsidiaries (collectively referred to as the “Company,” “Registrant,” “Ennis,” or “we,” “us,” or “our”) for the period ended November 30, 2021 have been prepared in accordance with generally accepted accounting principles for interim financial reporting. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended February 28, 2021, from which the accompanying consolidated balance sheet at February 28, 2021 was derived. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the interim financial information have been included and are of a normal recurring nature. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the disclosure and reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company evaluates these estimates and judgments on an ongoing basis, including those related to bad debts, inventory valuations, property, plant and equipment, intangible assets, pension plan, accrued liabilities, and income taxes. The Company bases estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances. The results of operations for any interim period are not necessarily indicative of the results of operations for a full year, especially in light of the uncertainties surrounding the impact of the novel coronavirus (COVID-19) pandemic. Recent Accounting Pronouncements Recently Adopted Accounting Updates In December 2019, the Financial Accounting Standards Board (“ FASB ”) issued Accounting Standards Update (“ASU” No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ ASU 2019-12 ”), as part of its overall simplification initiative to reduce costs and complexity of applying accounting standards while maintaining or improving the usefulness of the information provided to users of financial statements. Amendments include removal of certain exceptions to the general principles of Topic 740, Income Taxes , and simplification in several other areas. ASU 2019-12 is effective for annual reporting periods beginning after December 15, 2020, and interim periods therein. The Company adopted ASU 2019-12 as of March 1, 2021, and the adoption of this standard did not have a material impact on the Company’s consolidated financial statements. Recently Issued Accounting Updates In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of Effects of Reference Rate Reform on Financial Reporting (“ ASU 2020-04 ”), which provides companies with optional guidance, including expedients and exceptions for applying generally accepted accounting principles to contracts and other transactions affected by reference rate reform, such as the London Interbank Offered Rate (“ LIBOR ”), which is scheduled to be discontinued December 31, 2021. This new standard was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. The Company does not expect ASU 2020-04 to have a significant impact on its consolidated financial statements.

Revenue

Revenue	9 Months Ended
	Nov. 30, 2021
Revenue From Contract With Customer [Abstract]
Revenue	2. Revenue Nature of Revenues Substantially all of the Company’s revenue is generated from contracts with customers for the sale of commercial printing products in the continental United States and is primarily recognized at a point in time in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods. Revenue from the sale of commercial printing products, including shipping and handling fees billed to customers, is recognized upon the transfer of control to the customer, which is generally upon shipment to the customer when the terms of the sale are freight on board (“FOB”) shipping point, or, to a lesser extent, upon delivery to the customer if the terms of the sale are FOB destination. In a small number of cases and upon customer request, the Company prints and stores commercial printing product for customer specified future delivery, generally within the same year as the product is manufactured. In this case, revenue is recognized upon the transfer of control when manufacturing is complete and title and risk of ownership is passed to the customer. Storage revenue for certain customers may be recognized over time rather than at a point in time. As of the date of this report, the amount of storage revenue is immaterial to the Company’s financial statements. The output method for measure of progress is determined to be appropriate. The Company recognizes storage revenue in the amount for which it has the right to invoice for revenue that is recognized over time and for which it demonstrates that the invoiced amount corresponds directly with the value to the customer for the performance completed to date. The Company does not disaggregate revenue and operates in one sales category consisting of commercial printed product revenue, which is reported as net sales on the consolidated statements of operations. The Company does not have material contract assets and contract liabilities as of November 30, 2021. Significant Judgments Generally, the Company’s contracts with customers are comprised of a written quote and customer purchase order or statement of work, and governed by the Company’s trade terms and conditions. In certain instances, it may be further supplemented by separate pricing agreements and customer incentive arrangements, which typically only affect the contract’s transaction price. Contracts do not contain a significant financing component as payment terms on invoiced amounts are typically between 30 to 60 days , based on the Company’s credit assessment of individual customers, as well as industry expectations. Product returns are not significant. From time to time, the Company may offer incentives to its customers considered to be variable consideration including volume-based rebates or early payment discounts. Customer incentives considered to be variable consideration are recorded as a reduction to revenue as part of the transaction price at contract inception when there is a basis to reasonably estimate the amount of the incentive and only to the extent that it is probable that a significant reversal of any incremental revenue will not occur. Customer incentives are allocated entirely to the single performance obligation of transferring printed product to the customer. For customers with terms of FOB shipping point, the Company accounts for shipping and handling activities performed after the control of the printed product has been transferred to the customer as a fulfillment cost. The Company accrues for the costs of shipping and handling activities if revenue is recognized before contractually agreed shipping and handling activities occur. The Company’s contracts with customers are generally short-term in nature. Accordingly, the Company does not disclose the value of unsatisfied performance obligations nor the timing of revenue recognition.

Accounts Receivable and Allowan

Accounts Receivable and Allowance for Doubtful Receivables	9 Months Ended
	Nov. 30, 2021
Receivables [Abstract]
Accounts Receivable and Allowance for Doubtful Receivables	3. Accounts Receivable and Allowance for Doubtful Receivables Accounts receivable are reduced by an allowance for an estimate of amounts that are uncollectible. Substantially all of the Company’s receivables are due from customers in the United States. The Company extends credit to its customers based upon its evaluation of the following factors: (i) the customer’s financial condition, (ii) the amount of credit the customer requests, and (iii) the customer’s actual payment history (which includes disputed invoice resolution). The Company does not typically require its customers to post a deposit or supply collateral. The Company’s allowance for doubtful receivables is based on an analysis that estimates the amount of its total customer receivable balance that is not collectible. This analysis includes the pooling of receivables based on risk assessment and then assessing a default probability to these pooled balances, which can be influenced by several factors including (i) current market conditions, (ii) historical experience, (iii) reasonable forecast, and (iv) review of customer receivable aging and payment trends. The Company writes off accounts receivable when they become uncollectible, and payments subsequently received on such receivables are credited to the allowance in the period the payment is received. The following table presents the activity in the Company’s allowance for doubtful receivables (in thousands): Three months ended Nine months ended November 30, November 30, 2021 2020 2021 2020 Balance at beginning of period $ 1,016 $ 874 $ 961 $ 715 Bad debt expense, net of recoveries 249 153 408 933 Accounts written off - ( 76 ) ( 104 ) ( 697 ) Balance at end of period $ 1,265 $ 951 $ 1,265 $ 951

Inventories

Inventories	9 Months Ended
	Nov. 30, 2021
Inventory Disclosure [Abstract]
Inventories	4. Inventories With the exception of approximately 13.8 % and 12.6 % of its inventories valued at the lower of last-in first-out (“ LIFO ”) for the periods ended November 30, 2021 and February 28, 2021, respectively, the Company values its inventories at the lower of first-in, first-out (“ FIFO ”) cost or net realizable value. The Company regularly reviews inventories on hand, using specific aging categories, and writes down the carrying value of its inventories for excess and potentially obsolete inventories based on historical usage and estimated future usage. In assessing the ultimate realization of its inventories, the Company is required to make judgments as to future demand requirements. As actual future demand or market conditions may vary from those projected by the Company, adjustments to inventories may be required. The following table summarizes the components of inventories at the different stages of production as of the dates indicated (in thousands): November 30, February 28, 2021 2021 Raw material $ 26,900 $ 19,699 Work-in-process 5,664 3,762 Finished goods 7,801 9,445 $ 40,365 $ 32,906

Acquisitions

Acquisitions	9 Months Ended
	Nov. 30, 2021
Business Combinations [Abstract]
Acquisitions	5. Acquisitions The Company applies the acquisition method of accounting for business combinations. Under the acquisition method, the acquiring entity in a business combination recognizes 100 % of the assets acquired and liabilities assumed at their acquisition date fair values. Management utilizes valuation techniques appropriate for the asset or liability being measured in determining these fair values. Any excess of the purchase price over amounts allocated to assets acquired, including identifiable intangible assets and liabilities assumed, is recorded as goodwill. Where amounts allocated to assets acquired and liabilities assumed is greater than the purchase price, a bargain purchase gain is recognized. Acquisition-related costs are expensed as incurred. On December 31, 2020, the Company acquired the assets of Infoseal LLC (“ Infoseal ”), which is based in Roanoke, Virginia, for $ 19.2 million in cash plus the assumption of trade payables, subject to certain adjustments. Since the acquisition, the Company has incurred approximately $ 0.4 million of costs (including legal and accounting fees) related to the acquisition. Goodwill of $ 5.6 million recognized as a part of the acquisition is deductible for tax purposes. The Company also recorded intangible assets with definite lives of approximately $ 4.3 million in connection with the transaction. The acquisition of Infoseal, which prior to the acquisition generated approximately $ 19.2 million in sales for its fiscal year ended December 31, 2020, creates additional capabilities within our pressure seal and tax form products. The following is a summary of the purchase price allocation for Infoseal (in thousands): Accounts receivable $ 1,966 Inventories 1,758 Right-of-use asset 3,865 Property, plant & equipment 7,000 Goodwill and intangibles 9,889 Accounts payable and accrued liabilities ( 1,411 ) Operating lease liability ( 3,865 ) $ 19,202 On June 1, 2021, the Company acquired the assets and business from AmeriPrint Corporation ("AmeriPrint"), which is based in Harvard, Illinois, for $ 3.9 million in cash plus the assumption of trade payables, subject to certain adjustments. Goodwill of $ 0.5 million recognized as a part of the acquisition is deductible for tax purposes. The Company also recorded intangible assets with definite lives of approximately $ 1.1 million in connection with the transaction. The acquisition of AmeriPrint which prior to the acquisition generated approximately $ 6.5 million in sales for its fiscal year ended December 31, 2020, brings added capabilities and expertise to our expanding product offering including barcoding and variable imaging. The following is a summary of the purchase price allocation for AmeriPrint (in thousands): Accounts receivable $ 417 Inventories 732 Property, plant & equipment 2,000 Goodwill and intangibles 1,607 Accounts payable and accrued liabilities ( 834 ) $ 3,922 The results of operations for Infoseal and AmeriPrint are included in the Company’s consolidated financial statements from the date of acquisition. The following table sets forth certain operating information on a pro forma basis as though all Infoseal and AmeriPrint operations had been acquired as of March 1, 2020, after the estimated impact of adjustments such as amortization of intangible assets, depreciation expense and interest expense and related tax effects (in thousands, except per share amounts). Three months ended Nine months ended Nov 30, 2021 Nov 30, 2020 Nov 30, 2021 Nov 30, 2020 Pro forma net sales $ 102,968 $ 98,871 $ 302,017 $ 287,336 Pro forma net earnings 7,563 8,584 22,290 19,633 Pro forma earnings per share - diluted $ 0.29 $ 0.33 $ 0.85 $ 0.76 The pro forma results are not necessarily indicative of what would have occurred if the acquisitions had been in effect for the period presented.

Leases

Leases	9 Months Ended
	Nov. 30, 2021
Leases [Abstract]
Leases	6. Leases The Company leases certain of its facilities and equipment under operating leases, which are recorded as right-of-use assets and lease liabilities. The Company’s leases generally have terms of 1 – 5 years, with certain leases including renewal options to extend the leases for additional periods at the Company’s discretion. At lease inception, all renewal options reasonably certain to be exercised are considered when determining the lease term. The Company currently does not have leases that include options to purchase or provisions that would automatically transfer ownership of the leased property to the Company. Operating lease expense is recognized on a straight-line basis over the lease term, and variable lease payments are expensed as incurred. The Company had no variable lease costs for the nine months ended November 30, 2021 and November 30, 2020. The Company determines whether a contract is or contains a lease at the inception of the contract. A contract will be deemed to be or contain a lease if the contract conveys the right to control and direct the use of identified property, plant, or equipment for a period of time in exchange for consideration. The Company generally must also have the right to obtain substantially all of the economic benefits from the use of the property, plant, and equipment. Operating lease assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. To determine the present value of lease payments not yet paid, the Company estimates incremental borrowing rates based on the BBB Corporate Bond Rate at lease commencement date as rates are not implicitly stated in most leases. Components of lease expense for the three and nine months ended November 30, 2021 and November 30, 2020 were as follows (in thousands): Three months ended Nine months ended November 30, 2021 November 30, 2020 November 30, 2021 November 30, 2020 Operating lease cost $ 1,454 $ 1,572 $ 4,688 $ 4,773 Supplemental cash flow information related to leases was as follows: Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 1,459 $ 1,568 $ 4,675 $ 4,743 Right-of-use assets obtained in exchange for lease obligations Operating leases $— $ 138 $ 3,441 $ 194 Weighted Average Remaining Lease Terms Operating leases 3 Years Weighted Average Discount Rate Operating leases 3.64 % Future minimum lease commitments under non-cancelable operating leases for each of the fiscal years ending are as follows (in thousands): Operating Lease Commitments 2022 (remaining 3 months) $ 1,106 2023 5,813 2024 4,420 2025 3,651 2026 2,160 2027 890 Thereafter 3 Total future minimum lease payments $ 18,043 Less imputed interest 1,117 Present value of lease liabilities $ 16,926

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Nov. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	7. Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over the fair value of net assets of acquired businesses and is not amortized. Goodwill and other intangible assets are tested for impairment at a reporting unit level. The annual impairment test of goodwill and intangible assets is performed as of December 1 of each fiscal year. The Company uses qualitative factors to determine whether it is more likely than not (likelihood of more than 50%) that the fair value of a reporting unit exceeds its carrying amount, including goodwill. Some of the qualitative factors used in applying this test include consideration of macroeconomic conditions, industry and market conditions, cost factors affecting the business, overall financial performance of the business, and performance of the share price of the Company. If qualitative factors are not deemed sufficient to conclude that the fair value of the reporting unit more likely than not exceeds its carrying value, then a one-step approach is applied in making an evaluation. The evaluation utilizes multiple valuation methodologies, including a market approach (market price multiples of comparable companies) and an income approach (discounted cash flow analysis). The computations require management to make significant estimates and assumptions, including, among other things, selection of comparable publicly traded companies, the discount rate applied to future earnings reflecting a weighted average cost of capital, and earnings growth assumptions. A discounted cash flow analysis requires management to make various assumptions about future sales, operating margins, capital expenditures, working capital, and growth rates. If the evaluation results in the fair value of the goodwill for the reporting unit being lower than the carrying value, an impairment charge is recorded. Definite-lived intangible assets are amortized over their estimated useful lives and tested for impairment if events or changes in circumstances indicate that the asset may be impaired. The carrying amount and accumulated amortization of the Company’s intangible assets at each balance sheet date are as follows (in thousands): Weighted Average Remaining Gross Life Carrying Accumulated As of November 30, 2021 (in years) Amount Amortization Net Amortized intangible assets Trademarks and trade names 11.3 $ 28,207 $ 9,805 $ 18,402 Customer lists 6.3 76,458 47,163 29,295 Non-compete 3.5 877 757 120 Patent — 783 783 — Total 8.2 $ 106,325 $ 58,508 $ 47,817 As of February 28, 2021 Amortized intangible assets Trademarks and trade names 11.9 $ 27,561 $ 8,194 $ 19,367 Customer lists 6.8 75,862 42,726 33,136 Non-compete 3.1 877 668 209 Patent — 783 783 — Total 8.7 $ 105,083 $ 52,371 $ 52,712 Aggregate amortization expense for the nine months ended November 30, 2021 and November 30, 2020 was $ 6.1 million and $ 6.0 million, respectively. The Company’s estimated amortization expense for the current and next four fiscal years is as follows (in thousands): 2022 $ 8,082 2023 7,066 2024 7,024 2025 6,849 2026 6,235 Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands): Balance as of March 1, 2020 $ 82,527 Goodwill acquired 6,120 Goodwill impairment — Balance as of February 28, 2021 88,647 Goodwill acquired 30 Goodwill impairment — Balance as of November 30, 2021 $ 88,677 During fiscal year 2021, $ 6.1 million was added to goodwill related to the acquisition of Infoseal.

Accrued Expenses

Accrued Expenses	9 Months Ended
	Nov. 30, 2021
Payables And Accruals [Abstract]
Accrued Expenses	8. Accrued Expenses The following table summarizes the components of accrued expenses as of the dates indicated (in thousands): November 30, February 28, 2021 2021 Employee compensation and benefits $ 12,501 $ 11,742 Taxes other than income 881 467 Accrued legal and professional fees 309 272 Accrued interest 44 79 Accrued utilities 108 90 Accrued acquisition related obligations 82 164 Income taxes payable 1,427 1,528 Other accrued expenses 1,355 613 $ 16,707 $ 14,955

Long-Term Debt

Long-Term Debt	9 Months Ended
	Nov. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	9. Long-Term Debt The Company did not renew its Credit Agreement, which expired November 11, 2021 . The Company has had no outstanding long term debt under the revolving credit line since paid August 2019. As of November 30, 2021, the Company had $ 0.6 million outstanding under a standby letters of credit arrangement secured by a cash collateral bank account.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Nov. 30, 2021
Equity [Abstract]
Shareholders' Equity	10. Shareholders’ Equity The Company’s board of directors (the “ Board ”) has authorized the repurchase of the Company’s outstanding common stock through a stock repurchase program, which authorized amount is currently up to $ 40.0 million in the aggregate. Under the repurchase program, purchases may be made from time to time in the open market or through privately negotiated transactions depending on market conditions, share price, trading volume and other factors. Such purchases, if any, will be made in accordance with applicable insider trading and other securities laws and regulations. These repurchases may be commenced or suspended at any time or from time to time without prior notice. During the nine months ended November 30, 2021, the Company repurchased 102,757 shares of common stock under the program at an average price of $ 18.90 . Since the program’s inception in October 2008, there have been 1,997,107 common shares repurchased at an average price of $ 16.07 per share. As of November 30, 2021, $ 7.9 million remained available to repurchase shares of the Company’s common stock under the program.

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Nov. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Based Compensation	11. Stock Based Compensation The Company grants stock options, restricted stock and restricted stock units (“RSUs”) to key executives, managerial employees and non-employee directors. Prior to June 30, 2021, the Company had one stock incentive plan, the 2004 Long-Term Incentive Plan of Ennis, Inc., as amended and restated as of May 18, 2008 and was further amended on June 30, 2011 (the “Old Plan”). The Company had 177,436 shares of unissued common stock reserved under the Old Plan for issuance as of May 31, 2021. The Old Plan expired June 30, 2021 and all remaining unused shares expired. Subject to the affirmative vote of the shareholders, the Board adopted the 2021 Long-Term Incentive Plan of Ennis, Inc. (the “New Plan”) on April 16, 2021 authorizing 1,033,648 shares of common stock for awards. The New Plan was approved by the shareholders at the Annual Meeting on July 15, 2021 by a majority vote. The New Plan expires June 30, 2031 and all unissued stock will expire on that date. The exercise price of each stock option granted under either plan equals a referenced price of the Company’s common stock as reported on the New York Stock Exchange on the date of grant, and an option’s maximum term is ten years . Stock options and restricted stock may be granted at different times during the year and vest ratably over various periods, from grant date up to five years . RSUs can be either time vested or vested based upon the attainment of certain performance metrics over a certain time period. Performance conditions generally are tied to attainment of certain financial targets such as return on invested capital, EBITDA or other similar measures. Awards granted under the Old Plan generally have a performance or vesting period of three years from the date of grant. RSUs are eligible to receive tandem dividend equivalent rights that will allow the award holder to receive dividends at the same time other shareholders receive dividends. The Company uses treasury stock to satisfy option exercises and restricted stock awards. The Company recognizes compensation expense based on the grant date fair value of the award for stock options, restricted stock grants and RSUs on a straight-line basis over the requisite service period. The estimated number of shares to be achieved for performance based RSUs is updated each reporting period. For the three months ended November 30, 2021 and November 30, 2020 , the Company included in selling, general and administrative expenses, compensation expense related to share-based compensation of $ 0.6 million and $ 0.2 million, respectively. For the nine months ended November 30, 2021 and November 30, 2020, the Company included in se lling, general and administrative expenses, compensation expense related to share-based compensation of $ 2.4 million and $ 0.9 million , respectively. Stock Options The Company had no outstanding vested or unvested stock options at any time during the nine months ended November 30, 2021 and November 30, 2020 . No stock options were granted during the nine months ended November 30, 2021 and November 30, 2020. Restricted Stock The following activity occurred with respect to the Company’s restricted stock awards for the nine months ended November 30, 2021 of which 18,179 shares were granted under the New Plan: Weighted Average Number of Grant Date Shares Fair Value Outstanding at March 1, 2021 119,729 $ 18.90 Granted 51,920 20.31 Terminated — — Vested ( 98,188 ) 19.78 Outstanding at November 30, 2021 73,461 $ 18.72 As of November 30, 2021 , the total remaining unrecognized compensation cost related to unvested restricted stock granted under the Old Plan was approximately $ 0.9 million. The weighted average remaining requisite service period of the unvested restricted stock awards was 1.5 years . Restricted Stock Units During the nine months ended November 30, 2021 , 177,977 performance-based RSUs and 44,494 time-based RSUs were granted under the Old Plan. The fair value of the time-based RSUs was estimated based on the fair market value of the Company’s stock on the date of grant of $ 20.38 per unit. The fair value of the performance-based RSUs, using a Monte Carlo valuation model was $ 23.17 per unit. The performance measures include a threshold, target and maximum performance level providing the grantees an opportunity to receive more or less shares than targeted depending on actual financial performance. The award will be based on the Company’s return on equity, EBITDA and adjusted for the Company’s Relative Shareholder Return as measured against a defined peer group. The performance-based RSUs vest on the third anniversary from the date of grant and the time-based RSUs vest ratably over three years from the date of grant. The following activity occurred with respect to the Company’s restricted stock units for the nine months ended November 30, 2021: Time-based Performance-based Weighted Weighted Average Average Number of Grant Date Number of Grant Date Shares Fair Value Shares Fair Value Outstanding at March 1, 2021 — $ — — $ — Granted 44,494 20.38 177,977 23.17 Terminated — — — — Vested — — — — Outstanding at November 30, 2021 44,494 $ 20.38 177,977 $ 23.17 As of November 30, 2021, the total remaining unrecognized compensation cost of time-based RSUs was approximatel y $ 0.7 million over a weighted average remaining requisite service period of 2.5 years. The total remaining unrecognized compensation of performance-based RSUs was approximately $ 3.3 million over a weighted average remaining requisite service period of 2.5 years.

Pension Plan

Pension Plan	9 Months Ended
	Nov. 30, 2021
Compensation And Retirement Disclosure [Abstract]
Pension Plan	12. Pension Plan The Company and certain subsidiaries have a noncontributory defined benefit retirement plan (the “ Pension Plan ”), covering approximately 13 % of the Company’s aggregate employees. Benefits are based on years of service and the employee’s average compensation for the highest five compensation years preceding retirement or termination. Pension expense is composed of the following components included in cost of goods sold and selling, general, and administrative expenses in the Company’s consolidated statements of earnings (in thousands): Three months ended Nine months ended November 30, November 30, 2021 2020 2021 2020 Components of net periodic benefit cost Service cost $ 269 $ 318 $ 806 $ 954 Interest cost 420 438 1,261 1,315 Expected return on plan assets ( 931 ) ( 1,019 ) ( 2,792 ) ( 3,056 ) Amortization of: Unrecognized net loss 639 840 1,919 2,519 Settlement Charges 750 - 750 - Net periodic benefit cost $ 1,147 $ 577 $ 1,944 $ 1,732 The Company is required to make contributions to the Pension Plan. These contributions are required under the minimum funding requirements of the Employee Retirement Income Security Act of 1974 (“ ERISA ”). Due to the enactment of the Highway and Transportation Funding Act (HATFA) in August 2014, plan sponsors can calculate the discount rate used to measure the Pension Plan liability using a 25 -year average of interest rates plus or minus a corridor. The Company’s minimum required contribution to the Pension Plan is zero for the Pension Plan year ending February 28, 2022. Assuming a stable funding status, the Company would expect to make a cash contribution to the Pension Plan of between $ 1.0 million and $ 3.0 million per year. However, changes in actual investment returns or in discount rates could change this amount significantly. At November 30, 2021 , we had an unfunded pension liability recorded on our balance sheet of $ 5.3 million. Management estimates the future lump-sum payments will exceed the settlement threshold resulting in a probable pension settlement charge of approximately $ 1.2 million. The Company has recognized $ 0.7 million of this settlement charge as of November 30, 2021 based on lump-sum payments to date. The settlement charges are non-cash charges that accelerate the recognition of unrecognized pension benefit costs, that would have been incurred in subsequent periods, when lump sum payments exceed a threshold of service and interest cost for the period.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Nov. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	13. Earnings Per Share Basic earnings per share have been computed by dividing net earnings by the weighted average number of common shares outstanding during the applicable period. Diluted earnings per share reflect the potential dilution that could occur if stock options or other contracts to issue common shares were exercised or converted into common stock. T he following table sets forth the computation for basic and diluted earnings per share for the periods indicated: Three months ended Nine months ended November 30, November 30, 2021 2020 2021 2020 Basic weighted average common shares outstanding 26,020,210 25,974,006 26,053,898 25,978,461 Effect of dilutive RSUs — — 97,582 — Diluted weighted average common shares outstanding 26,020,210 25,974,006 26,151,480 25,978,461 Earnings per share Net earnings - basic $ 0.29 $ 0.32 $ 0.86 $ 0.73 Net earnings - diluted $ 0.29 $ 0.32 $ 0.85 $ 0.73 Cash dividends $ 0.250 $ 0.225 $ 0.725 $ 0.675 The Company treats unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) as participating securities, which are included in the computation of earnings per share. Our unvested restricted shares participate on an equal basis with common shares; therefore, there is no difference in undistributed earnings allocated to each participating security. Accordingly, the presentation above is prepared on a combined basis. No options were outstanding for the nine months ended November 30, 2021 and November 30, 2020 .

Concentrations of Risk

Concentrations of Risk	9 Months Ended
	Nov. 30, 2021
Risks And Uncertainties [Abstract]
Concentrations of Risk	14. Concentrations of Risk Financial instruments that potentially subject the Company to a concentration of credit risk principally consist of cash and trade receivables. Cash is placed with high-credit quality financial institutions. The Company believes its credit risk with respect to trade receivables is limited due to industry and geographic diversification. As disclosed on the consolidated balance sheets, the Company maintains an allowance for doubtful receivables to cover the Company’s estimate of credit losses associated with accounts receivable. The Company, for quality and pricing reasons, purchases its paper products from a limited number of suppliers. While other sources may be available to the Company to purchase these products, they may not be available at the cost or at the quality the Company has come to expect. For the purposes of the consolidated statements of cash flows, the Company considers cash to include cash on hand and in bank accounts. The Federal Deposit Insurance Corporation insures accounts up to $ 250,000 . At November 30, 2021, cash balances included $ 80.0 million that was not federally insured because it represented amounts in individual accounts above the federally insured limit for each such account. This at-risk amount is subject to fluctuation on a daily basis. While management does not believe there is significant risk with respect to such deposits, no assurance can be made that the Company will not experience losses on the Company’s deposits.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Nov. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	15. Related Party Transactions The Company leases a facility and sells product to an entity controlled by a member of the Board who was the former owner of Integrated Print & Graphics, a business that the Company acquired. The total right-of-use asset and related lease liability as of November 30, 2021 was $ 1.2 million and $ 1.2 million, respectively. During the nine months ended November 30, 2021 , total lease payments made to, and sales made to, the related party were approximately $ 0.3 million and $ 2.3 million, respectively. On October 15, 2021, the Company acquired the assets of a digital operation located in Illinois from an entity controlled by a member of the Board for $ 0.4 million in cash plus the assumption of certain accrued liabilities.

Covid-19 Pandemic

Covid-19 Pandemic	9 Months Ended
	Nov. 30, 2021
Extraordinary And Unusual Items [Abstract]
Covid-19 Pandemic	16. COVID-19 Pandemic On March 11, 2020, the World Health Organization declared the ongoing COVID-19 outbreak to be a global pandemic. In response to the rapid spread of COVID-19 within the United States, federal, state and local governments have imposed varying degrees of restrictions on social and commercial activity to promote social distancing in an effort to slow the spread of the illness. Due to the Company’s involvement in healthcare, government, food and beverage and banking, the Company’s plants have been deemed “essential” and, as such, the Company has continued to operate most of its manufacturing facilities. Due to reduced demand for our products during the pandemic, particularly in our transactional forms, the Company reduced its workforce by approximately 350 employees, ceased operating in two of its owned under-utilized facilities and exited two facilities with expiring leases during fiscal year end February 2021. During the period end November 2021, three additional facilities ( one owned and two with expiring leases) were consolidated and transitioned to other existing facilities. The Company believes the cost cutting measures it has previously implemented will not materially impact its ability to service the increased customer demand as economic conditions continue to improve. While economic activity has picked up significantly, we cannot reasonably estimate the extent to which our business will continue to be affected by the COVID-19 pandemic and to what extent the recent improved trends will continue. The ultimate impacts of the COVID-19 pandemic on our businesses will depend on future developments, including the availability of labor, global supply chain disruptions, the variants of COVID-19, and the global availability and use of vaccines, which are highly uncertain and cannot be predicted. The Company will continue to monitor projected sales and proactively adjust costs as necessary depending on the impact of the spread of coronavirus and its variants including the delta and omicron variant.

Subsequent Events

Subsequent Events	9 Months Ended
	Nov. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	17. Subsequent Events On December 16, 2021 the Board declared a quarterly dividend on the Company's common stock of 25.0 cents per share, which will be paid on February 3, 2022 to shareholders of record as of January 6, 2022 . The expected payout for this dividend is approximately $ 6.5 million.

Significant Accounting Polici_2

Significant Accounting Policies and General Matters (Policies)	9 Months Ended
	Nov. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These unaudited consolidated financial statements of Ennis, Inc. and its subsidiaries (collectively referred to as the “Company,” “Registrant,” “Ennis,” or “we,” “us,” or “our”) for the period ended November 30, 2021 have been prepared in accordance with generally accepted accounting principles for interim financial reporting. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended February 28, 2021, from which the accompanying consolidated balance sheet at February 28, 2021 was derived. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the interim financial information have been included and are of a normal recurring nature. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the disclosure and reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company evaluates these estimates and judgments on an ongoing basis, including those related to bad debts, inventory valuations, property, plant and equipment, intangible assets, pension plan, accrued liabilities, and income taxes. The Company bases estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances. The results of operations for any interim period are not necessarily indicative of the results of operations for a full year, especially in light of the uncertainties surrounding the impact of the novel coronavirus (COVID-19) pandemic.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted Accounting Updates In December 2019, the Financial Accounting Standards Board (“ FASB ”) issued Accounting Standards Update (“ASU” No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ ASU 2019-12 ”), as part of its overall simplification initiative to reduce costs and complexity of applying accounting standards while maintaining or improving the usefulness of the information provided to users of financial statements. Amendments include removal of certain exceptions to the general principles of Topic 740, Income Taxes , and simplification in several other areas. ASU 2019-12 is effective for annual reporting periods beginning after December 15, 2020, and interim periods therein. The Company adopted ASU 2019-12 as of March 1, 2021, and the adoption of this standard did not have a material impact on the Company’s consolidated financial statements. Recently Issued Accounting Updates In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of Effects of Reference Rate Reform on Financial Reporting (“ ASU 2020-04 ”), which provides companies with optional guidance, including expedients and exceptions for applying generally accepted accounting principles to contracts and other transactions affected by reference rate reform, such as the London Interbank Offered Rate (“ LIBOR ”), which is scheduled to be discontinued December 31, 2021. This new standard was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. The Company does not expect ASU 2020-04 to have a significant impact on its consolidated financial statements.

Accounts Receivable and Allow_2

Accounts Receivable and Allowance for Doubtful Receivables (Tables)	9 Months Ended
	Nov. 30, 2021
Receivables [Abstract]
Allowance for Doubtful Receivables	The following table presents the activity in the Company’s allowance for doubtful receivables (in thousands): Three months ended Nine months ended November 30, November 30, 2021 2020 2021 2020 Balance at beginning of period $ 1,016 $ 874 $ 961 $ 715 Bad debt expense, net of recoveries 249 153 408 933 Accounts written off - ( 76 ) ( 104 ) ( 697 ) Balance at end of period $ 1,265 $ 951 $ 1,265 $ 951

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Nov. 30, 2021
Inventory Disclosure [Abstract]
Components of Inventories	The following table summarizes the components of inventories at the different stages of production as of the dates indicated (in thousands): November 30, February 28, 2021 2021 Raw material $ 26,900 $ 19,699 Work-in-process 5,664 3,762 Finished goods 7,801 9,445 $ 40,365 $ 32,906

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Nov. 30, 2021
Business Acquisition [Line Items]
Summary of Operating Information on a Pro Forma Basis	The following table sets forth certain operating information on a pro forma basis as though all Infoseal and AmeriPrint operations had been acquired as of March 1, 2020, after the estimated impact of adjustments such as amortization of intangible assets, depreciation expense and interest expense and related tax effects (in thousands, except per share amounts). Three months ended Nine months ended Nov 30, 2021 Nov 30, 2020 Nov 30, 2021 Nov 30, 2020 Pro forma net sales $ 102,968 $ 98,871 $ 302,017 $ 287,336 Pro forma net earnings 7,563 8,584 22,290 19,633 Pro forma earnings per share - diluted $ 0.29 $ 0.33 $ 0.85 $ 0.76
Infoseal LLC [Member]
Business Acquisition [Line Items]
Summary of Purchase Price Allocation	The following is a summary of the purchase price allocation for Infoseal (in thousands): Accounts receivable $ 1,966 Inventories 1,758 Right-of-use asset 3,865 Property, plant & equipment 7,000 Goodwill and intangibles 9,889 Accounts payable and accrued liabilities ( 1,411 ) Operating lease liability ( 3,865 ) $ 19,202
AmeriPrint Corporation [Member]
Business Acquisition [Line Items]
Summary of Purchase Price Allocation	The following is a summary of the purchase price allocation for AmeriPrint (in thousands): Accounts receivable $ 417 Inventories 732 Property, plant & equipment 2,000 Goodwill and intangibles 1,607 Accounts payable and accrued liabilities ( 834 ) $ 3,922

Leases (Tables)

Leases (Tables)	9 Months Ended
	Nov. 30, 2021
Leases [Abstract]
Components of Lease Expense	Components of lease expense for the three and nine months ended November 30, 2021 and November 30, 2020 were as follows (in thousands): Three months ended Nine months ended November 30, 2021 November 30, 2020 November 30, 2021 November 30, 2020 Operating lease cost $ 1,454 $ 1,572 $ 4,688 $ 4,773 Supplemental cash flow information related to leases was as follows: Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 1,459 $ 1,568 $ 4,675 $ 4,743 Right-of-use assets obtained in exchange for lease obligations Operating leases $— $ 138 $ 3,441 $ 194 Weighted Average Remaining Lease Terms Operating leases 3 Years Weighted Average Discount Rate Operating leases 3.64 %
Summary of Future Minimum Lease Commitments Under Non-cancelable Operating Leases	Future minimum lease commitments under non-cancelable operating leases for each of the fiscal years ending are as follows (in thousands): Operating Lease Commitments 2022 (remaining 3 months) $ 1,106 2023 5,813 2024 4,420 2025 3,651 2026 2,160 2027 890 Thereafter 3 Total future minimum lease payments $ 18,043 Less imputed interest 1,117 Present value of lease liabilities $ 16,926

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Nov. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Carrying Amount and Accumulated Amortization of Intangible Assets	The carrying amount and accumulated amortization of the Company’s intangible assets at each balance sheet date are as follows (in thousands): Weighted Average Remaining Gross Life Carrying Accumulated As of November 30, 2021 (in years) Amount Amortization Net Amortized intangible assets Trademarks and trade names 11.3 $ 28,207 $ 9,805 $ 18,402 Customer lists 6.3 76,458 47,163 29,295 Non-compete 3.5 877 757 120 Patent — 783 783 — Total 8.2 $ 106,325 $ 58,508 $ 47,817 As of February 28, 2021 Amortized intangible assets Trademarks and trade names 11.9 $ 27,561 $ 8,194 $ 19,367 Customer lists 6.8 75,862 42,726 33,136 Non-compete 3.1 877 668 209 Patent — 783 783 — Total 8.7 $ 105,083 $ 52,371 $ 52,712
Estimated Amortization Expense	The Company’s estimated amortization expense for the current and next four fiscal years is as follows (in thousands): 2022 $ 8,082 2023 7,066 2024 7,024 2025 6,849 2026 6,235
Changes in Net Carrying Amount of Goodwill	Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands): Balance as of March 1, 2020 $ 82,527 Goodwill acquired 6,120 Goodwill impairment — Balance as of February 28, 2021 88,647 Goodwill acquired 30 Goodwill impairment — Balance as of November 30, 2021 $ 88,677

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Nov. 30, 2021
Payables And Accruals [Abstract]
Components of Accrued Expenses	The following table summarizes the components of accrued expenses as of the dates indicated (in thousands): November 30, February 28, 2021 2021 Employee compensation and benefits $ 12,501 $ 11,742 Taxes other than income 881 467 Accrued legal and professional fees 309 272 Accrued interest 44 79 Accrued utilities 108 90 Accrued acquisition related obligations 82 164 Income taxes payable 1,427 1,528 Other accrued expenses 1,355 613 $ 16,707 $ 14,955

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Nov. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Restricted Stock Awards and Restricted Stock Units Activity	The following activity occurred with respect to the Company’s restricted stock awards for the nine months ended November 30, 2021 of which 18,179 shares were granted under the New Plan: Weighted Average Number of Grant Date Shares Fair Value Outstanding at March 1, 2021 119,729 $ 18.90 Granted 51,920 20.31 Terminated — — Vested ( 98,188 ) 19.78 Outstanding at November 30, 2021 73,461 $ 18.72 The following activity occurred with respect to the Company’s restricted stock units for the nine months ended November 30, 2021: Time-based Performance-based Weighted Weighted Average Average Number of Grant Date Number of Grant Date Shares Fair Value Shares Fair Value Outstanding at March 1, 2021 — $ — — $ — Granted 44,494 20.38 177,977 23.17 Terminated — — — — Vested — — — — Outstanding at November 30, 2021 44,494 $ 20.38 177,977 $ 23.17

Pension Plan (Tables)

Pension Plan (Tables)	9 Months Ended
	Nov. 30, 2021
Compensation And Retirement Disclosure [Abstract]
Summary of Pension Expense Composed of Components Included in Cost of Goods Sold and Selling, General and Administrative Expenses	Pension expense is composed of the following components included in cost of goods sold and selling, general, and administrative expenses in the Company’s consolidated statements of earnings (in thousands): Three months ended Nine months ended November 30, November 30, 2021 2020 2021 2020 Components of net periodic benefit cost Service cost $ 269 $ 318 $ 806 $ 954 Interest cost 420 438 1,261 1,315 Expected return on plan assets ( 931 ) ( 1,019 ) ( 2,792 ) ( 3,056 ) Amortization of: Unrecognized net loss 639 840 1,919 2,519 Settlement Charges 750 - 750 - Net periodic benefit cost $ 1,147 $ 577 $ 1,944 $ 1,732

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Nov. 30, 2021
Earnings Per Share [Abstract]
Computation for Basic and Diluted Earnings Per Share	T he following table sets forth the computation for basic and diluted earnings per share for the periods indicated: Three months ended Nine months ended November 30, November 30, 2021 2020 2021 2020 Basic weighted average common shares outstanding 26,020,210 25,974,006 26,053,898 25,978,461 Effect of dilutive RSUs — — 97,582 — Diluted weighted average common shares outstanding 26,020,210 25,974,006 26,151,480 25,978,461 Earnings per share Net earnings - basic $ 0.29 $ 0.32 $ 0.86 $ 0.73 Net earnings - diluted $ 0.29 $ 0.32 $ 0.85 $ 0.73 Cash dividends $ 0.250 $ 0.225 $ 0.725 $ 0.675

Revenue - Additional Informatio

Revenue - Additional Information (Detail)	9 Months Ended
	Nov. 30, 2021
Disaggregation Of Revenue [Line Items]
Revenue unsatisfied performance obligation, practical expedient	true
Minimum [Member]
Disaggregation Of Revenue [Line Items]
Contract with customer, customer payment terms	30 days
Maximum [Member]
Disaggregation Of Revenue [Line Items]
Contract with customer, customer payment terms	60 days

Accounts Receivable and Allow_3

Accounts Receivable and Allowance for Doubtful Receivables - Allowance for Doubtful Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020
Receivables [Abstract]
Balance at beginning of period	$ 1,016	$ 874	$ 961	$ 715
Bad debt expense, net of recoveries	249	153	408	933
Accounts written off	0	(76)	(104)	(697)
Balance at end of period	$ 1,265	$ 951	$ 1,265	$ 951

Inventories - Additional Inform

Inventories - Additional Information (Detail)	Nov. 30, 2021	Feb. 28, 2021
Inventory Disclosure [Abstract]
Percentage of Inventories valued at LIFO	13.80%	12.60%

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Nov. 30, 2021	Feb. 28, 2021
Inventory Disclosure [Abstract]
Raw material	$ 26,900	$ 19,699
Work-in-process	5,664	3,762
Finished goods	7,801	9,445
Inventories	$ 40,365	$ 32,906

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Nov. 30, 2021	Oct. 15, 2021	Jun. 01, 2021	Feb. 28, 2021	Feb. 29, 2020
Business Acquisition [Line Items]
Percentage of assets acquired and liabilities assumed at their acquisition date fair values		100.00%
Goodwill		$ 88,677			$ 88,647	$ 82,527
Infoseal LLC [Member]
Business Acquisition [Line Items]
Total purchase consideration	$ 19,202
Acquisition related costs incurred	400
Goodwill	5,600
Intangible assets	4,300
Net sales	19,200
AmeriPrint Corporation [Member]
Business Acquisition [Line Items]
Total purchase consideration				$ 3,922
Goodwill				500
Intangible assets				$ 1,100
Net sales	$ 6,500
Digital Operation [Member]
Business Acquisition [Line Items]
Total purchase consideration			$ 400

Acquisitions - Summary of Purch

Acquisitions - Summary of Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Jun. 01, 2021	Dec. 31, 2020
Infoseal LLC [Member]
Business Acquisition [Line Items]
Accounts receivable		$ 1,966
Inventories		1,758
Right-of-use asset		3,865
Property, plant & equipment		7,000
Goodwill and intangibles		9,889
Accounts payable and accrued liabilities		(1,411)
Operating lease liability		(3,865)
Total purchase consideration		$ 19,202
AmeriPrint Corporation [Member]
Business Acquisition [Line Items]
Accounts receivable	$ 417
Inventories	732
Property, plant & equipment	2,000
Goodwill and intangibles	1,607
Accounts payable and accrued liabilities	(834)
Total purchase consideration	$ 3,922

Acquisitions - Summary of Opera

Acquisitions - Summary of Operating Information on Pro Forma Basis (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020
Business Combinations [Abstract]
Pro forma net sales	$ 102,968	$ 98,871	$ 302,017	$ 287,336
Pro forma net earnings	$ 7,563	$ 8,584	$ 22,290	$ 19,633
Pro forma earnings per share - diluted	$ 0.29	$ 0.33	$ 0.85	$ 0.76

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2021	Nov. 30, 2020
Lessee Lease Description [Line Items]
Leases description	The Company leases certain of its facilities and equipment under operating leases, which are recorded as right-of-use assets and lease liabilities. The Company’s leases generally have terms of 1 – 5 years, with certain leases including renewal options to extend the leases for additional periods at the Company’s discretion. At lease inception, all renewal options reasonably certain to be exercised are considered when determining the lease term. The Company currently does not have leases that include options to purchase or provisions that would automatically transfer ownership of the leased property to the Company.
Leases, renewal options, description	The Company’s leases generally have terms of 1 – 5 years, with certain leases including renewal options to extend the leases for additional periods at the Company’s discretion.
Lessee operating lease, existence of option to extend	true
Variable lease cost	$ 0	$ 0
Minimum [Member]
Lessee Lease Description [Line Items]
Leases terms	1 year
Maximum [Member]
Lessee Lease Description [Line Items]
Leases terms	5 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020
Lease Cost [Abstract]
Operating lease cost	$ 1,454	$ 1,572	$ 4,688	$ 4,773
Supplemental cash flow information related to leases was as follows:
Cash paid for amounts included in the measurement of lease liabilities, Operating cash flows from operating leases	1,459	1,568	4,675	4,743
Right-of-use assets obtained in exchange for lease obligations, Operating leases		$ 138	$ 3,441	$ 194
Weighted Average Remaining Lease Terms, Operating leases	3 years		3 years
Weighted Average Discount Rate, Operating leases	3.64%		3.64%

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Lease Commitments Under Non-cancelable Operating Leases (Detail) $ in Thousands	Nov. 30, 2021USD ($)
Operating Lease Liabilities Payments Due [Abstract]
2022 (remaining 6 months)	$ 1,106
2023	5,813
2024	4,420
2025	3,651
2026	2,160
2027	890
Thereafter	3
Total future minimum lease payments	18,043
Less imputed interest	1,117
Present value of lease liabilities	$ 16,926

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Carrying Amount and Accumulated Amortization of Intangible Assets (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Nov. 30, 2021	Feb. 28, 2021
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	8 years 2 months 12 days	8 years 8 months 12 days
Gross Carrying Amount	$ 106,325	$ 105,083
Accumulated Amortization	58,508	52,371
Amortized intangible assets, Net	$ 47,817	$ 52,712
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	11 years 3 months 18 days	11 years 10 months 24 days
Gross Carrying Amount	$ 28,207	$ 27,561
Accumulated Amortization	9,805	8,194
Amortized intangible assets, Net	$ 18,402	$ 19,367
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	6 years 3 months 18 days	6 years 9 months 18 days
Gross Carrying Amount	$ 76,458	$ 75,862
Accumulated Amortization	47,163	42,726
Amortized intangible assets, Net	$ 29,295	$ 33,136
Non-Compete [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	3 years 6 months	3 years 1 month 6 days
Gross Carrying Amount	$ 877	$ 877
Accumulated Amortization	757	668
Amortized intangible assets, Net	120	209
Patent [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	783	783
Accumulated Amortization	$ 783	$ 783

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Nov. 30, 2021	Nov. 30, 2020	Feb. 28, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization of trade names, customer lists, and patent	$ 6,137	$ 5,978
Goodwill acquired	30		$ 6,120
Infoseal LLC [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired	$ 6,100

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Estimated Amortization Expense (Detail) $ in Thousands	Nov. 30, 2021USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2022	$ 8,082
2023	7,066
2024	7,024
2025	6,849
2026	$ 6,235

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Changes in Net Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Nov. 30, 2021	Feb. 28, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill, Beginning balance	$ 88,647	$ 82,527
Goodwill acquired	30	6,120
Goodwill impairment	0	0
Goodwill, Ending balance	$ 88,677	$ 88,647

Accrued Expenses - Components o

Accrued Expenses - Components of Accrued Expenses (Detail) - USD ($) $ in Thousands	Nov. 30, 2021	Feb. 28, 2021
Payables And Accruals [Abstract]
Employee compensation and benefits	$ 12,501	$ 11,742
Taxes other than income	881	467
Accrued legal and professional fees	309	272
Accrued interest	44	79
Accrued utilities	108	90
Accrued acquisition related obligations	82	164
Income taxes payable	1,427	1,528
Other accrued expenses	1,355	613
Accrued expenses, Total	$ 16,707	$ 14,955

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) $ in Thousands	9 Months Ended
	Nov. 30, 2021USD ($)
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility maturity date	Nov. 11, 2021
Long-term debt	$ 0
Third Amendment [Member] | Standby Letters of Credit [Member]
Line of Credit Facility [Line Items]
Long-term debt	$ 600

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) $ / shares in Units, $ in Millions	9 Months Ended	158 Months Ended
	Nov. 30, 2021USD ($)$ / sharesshares	Nov. 30, 2021USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase of common stock | shares	102,757	1,997,107
Repurchase of common stock, average cost per share | $ / shares	$ 18.90	$ 16.07
Total remaining amount available to repurchase of shares	$ 7.9
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, authorized aggregate amount	$ 40	$ 40

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020	May 31, 2021	Apr. 16, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unissued common stock reserved					177,436
Stock option award maximum term			10 years
Share based compensation arrangements by share based payment award vesting period maximum			5 years
Number of outstanding vested and unvested stock options	0	0	0	0
Number of stock options granted			0	0
Remaining unrecognized compensation cost	$ 0.9		$ 0.9
Weighted average remaining requisite service period			1 year 6 months
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense related share based compensation before tax	0.6	$ 0.2	$ 2.4	$ 0.9
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance or vesting period			3 years
Number of stock options granted			18,179
RSUs vesting description			The performance-based RSUs vest on the third anniversary from the date of grant and the time-based RSUs vest ratably over three years from the date of grant.
Performance-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation cost	3.3		$ 3.3
Weighted average remaining requisite service period			2 years 6 months
Restricted stock units granted			177,977
Fair value of restricted stock units granted			$ 23.17
Time-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation cost	$ 0.7		$ 0.7
Weighted average remaining requisite service period			2 years 6 months
Restricted stock units granted			44,494
Fair value of restricted stock units granted			$ 20.38
2021 Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized						1,033,648

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Restricted Stock Awards Activity (Detail) - Restricted Stock [Member]	9 Months Ended
	Nov. 30, 2021$ / sharesshares
Restricted stock grant activity
Outstanding at Beginning, Number of Shares | shares	119,729
Number of Shares, Granted | shares	51,920
Number of Shares, Vested | shares	(98,188)
Outstanding at Ending, Number of Shares | shares	73,461
Outstanding at Beginning, Weighted Average Grant Date Fair value | $ / shares	$ 18.90
Weighted Average Grant Date Fair Value, Granted | $ / shares	20.31
Weighted Average Grant Date Fair Value, Vested | $ / shares	19.78
Outstanding at Ending, Weighted Average Grant Date Fair value | $ / shares	$ 18.72

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Restricted Stock Units Activity (Detail)	9 Months Ended
	Nov. 30, 2021$ / sharesshares
Time-based RSUs [Member]
Restricted stock unit activity
Number of Shares, Granted | shares	44,494
Outstanding at Ending, Number of Shares | shares	44,494
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 20.38
Outstanding at Ending, Weighted Average Grant Date Fair value | $ / shares	$ 20.38
Performance-based RSUs [Member]
Restricted stock unit activity
Number of Shares, Granted | shares	177,977
Outstanding at Ending, Number of Shares | shares	177,977
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 23.17
Outstanding at Ending, Weighted Average Grant Date Fair value | $ / shares	$ 23.17

Pension Plan - Additional Infor

Pension Plan - Additional Information (Detail) - USD ($)	Feb. 28, 2022	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020	Feb. 28, 2021
Defined Benefit Plan Disclosure [Line Items]
Employees covered under noncontributory Pension Plan				13.00%
Compensation period preceding retirement and termination				5 years
Period used for calculating Pension Plan liability				25 years
Unfunded pension liability		$ 5,299,000		$ 5,299,000		$ 6,299,000
Net periodic benefit cost		1,147,000	$ 577,000	1,944,000	$ 1,732,000
Pension settlement charge		750,000		750,000
Probable pension settlement charge		1,200,000
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contributions		1,000,000		1,000,000
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contributions		$ 3,000,000		$ 3,000,000
Scenario Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Minimum required contribution to the plan	$ 0

Pension Plan - Summary of Pensi

Pension Plan - Summary of Pension Expense Composed of Components Included in Cost of Goods Sold and Selling, General and Administrative Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020
Components of net periodic benefit cost
Service cost	$ 269	$ 318	$ 806	$ 954
Interest cost	420	438	1,261	1,315
Expected return on plan assets	(931)	(1,019)	(2,792)	(3,056)
Amortization of:
Unrecognized net loss	639	840	1,919	2,519
Settlement Charges	750		750
Net periodic benefit cost	$ 1,147	$ 577	$ 1,944	$ 1,732

Earnings Per Share - Computatio

Earnings Per Share - Computation for Basic and Diluted Earnings Per Share (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	26,020,210	25,974,006	26,053,898	25,978,461
Effect of dilutive RSUs	0		97,582
Diluted weighted average common shares outstanding	26,020,210	25,974,006	26,151,480	25,978,461
Earnings per share
Net earnings - basic	$ 0.29	$ 0.32	$ 0.86	$ 0.73
Net earnings - diluted	0.29	0.32	0.85	0.73
Common Stock Dividends Per Share Cash Paid	$ 0.250	$ 0.225	$ 0.725	$ 0.675

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - USD ($)	9 Months Ended
	Nov. 30, 2021	Nov. 30, 2020
Earnings Per Share [Abstract]
Undistributed earnings	$ 0
Options outstanding	0	0

Concentrations of Risk - Additi

Concentrations of Risk - Additional Information (Detail)	Nov. 30, 2021USD ($)
Concentration Risk [Line Items]
Cash balances not federally insured	$ 80,000,000
Maximum [Member]
Concentration Risk [Line Items]
Maximum insurance available to depositors under the FDIC's general deposit insurance rules	$ 250,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 15, 2021	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Nov. 30, 2020	Feb. 28, 2021
Related Party Transaction [Line Items]
Operating lease right-of-use assets		$ 17,062		$ 17,062		$ 19,187
Operating lease liability		16,926		16,926
Operating lease cost		1,454	$ 1,572	4,688	$ 4,773
Cash payment to acquire asset	$ 400
Integrated Print & Graphics (Integrated) [Member]
Related Party Transaction [Line Items]
Operating lease right-of-use assets		1,200		1,200
Operating lease liability		$ 1,200		1,200
Operating lease cost				300
Sales received from lease				$ 2,300

Covid-19 Pandemic - Additional

Covid-19 Pandemic - Additional Information (Detail) - COVID-19 [Member]	9 Months Ended	12 Months Ended
	Nov. 30, 2021EmployeeFacility	Feb. 28, 2021Facility
Unusual Or Infrequent Item [Line Items]
Number of employees | Employee	350
Number of under-utilized facilities ceased		2
Number of facilities exited with expiring leases	2	2
Number of facilities	3
Number of facilities owned	1

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member] $ / shares in Units, $ in Millions	Dec. 16, 2021USD ($)$ / shares
Subsequent Event [Line Items]
Dividends payable, date declared	Dec. 16, 2020
Dividend payable date	Feb. 3, 2022
Dividend payable, date of record	Jan. 6, 2022
Expected payout of dividend | $	$ 6.5
Common Stock [Member]
Subsequent Event [Line Items]
Dividend payable per share | $ / shares	$ 0.25