Ennis (EBF) 10-Q 7 Jan 25 2025 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Nov. 30, 2024	Dec. 01, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2024
Document Fiscal Year Focus	2025
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		26,012,603
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, 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

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2024	Feb. 29, 2024
Current assets
Cash	$ 55,704	$ 81,597
Short-term investments	12,862	29,325
Accounts receivable, net	40,255	47,209
Inventories, net	39,379	40,037
Prepaid expenses	2,746	2,168
Prepaid income taxes	1,469	1,046
Total current assets	152,415	201,382
Property, plant and equipment
Plant, machinery and equipment	157,749	160,305
Land and buildings	67,772	67,121
Computer equipment and software	10,589	10,680
Other	3,996	4,124
Total property, plant and equipment	240,106	242,230
Less accumulated depreciation	186,911	187,265
Property, plant and equipment, net	53,195	54,965
Operating lease right-of-use assets, net	11,124	9,827
Goodwill	94,349	94,349
Intangible assets, net	34,532	38,327
Net pension asset	80	80
Other assets	360	260
Total assets	346,055	399,190
Current liabilities
Accounts payable	12,077	11,846
Accrued expenses	15,578	17,541
Current portion of operating lease liabilities	4,664	4,414
Total current liabilities	32,319	33,801
Deferred income taxes	9,377	9,305
Operating lease liabilities, net of current portion	6,161	5,160
Other liabilities	502	1,083
Total liabilities	48,359	49,349
Shareholders’ equity
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at November 30, 2024 and February 29, 2024	75,134	75,134
Additional paid-in capital	125,212	126,253
Retained earnings	182,140	236,196
Accumulated other comprehensive loss:
Minimum pension liability, net of taxes	(12,804)	(13,019)
Treasury stock	(71,986)	(74,723)
Total shareholders’ equity	297,696	349,841
Total liabilities and shareholders' equity	$ 346,055	$ 399,190

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Nov. 30, 2024	Feb. 29, 2024
Statement of Financial Position [Abstract]
Common stock, par value	$ 2.5	$ 2.5
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	30,053,443	30,053,443

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Income Statement [Abstract]
Net sales	$ 99,771	$ 104,621	$ 301,917	$ 322,675
Type of revenue [extensible list]	Net sales	Net sales	Net sales	Net sales
Cost of goods sold	$ 70,522	$ 74,090	$ 211,985	$ 225,004
Type of cost, good or service [extensible list]	Cost of goods sold	Cost of goods sold	Cost of goods sold	Cost of goods sold
Gross profit	$ 29,249	$ 30,531	$ 89,932	$ 97,671
Selling, general and administrative	16,341	17,410	50,068	54,094
(Gain) loss from disposal of assets	(138)	1	(95)	53
Income from operations	13,046	13,120	39,959	43,524
Other income (expense)
Interest income	1,390	1,020	4,118	2,714
Other, net	(361)	(324)	(1,044)	(979)
Total other income (expense)	1,029	696	3,074	1,735
Earnings before income taxes	14,075	13,816	43,033	45,259
Income tax expense	3,871	3,910	11,834	12,808
Net earnings	$ 10,204	$ 9,906	$ 31,199	$ 32,451
Weighted average common shares outstanding
Basic	26,013,892	25,894,578	26,028,596	25,826,691
Diluted	26,088,957	26,083,301	26,192,008	25,991,567
Earnings per share
Basic	$ 0.39	$ 0.38	$ 1.2	$ 1.26
Diluted	$ 0.39	$ 0.38	$ 1.19	$ 1.25

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Statement of Comprehensive Income [Abstract]
Net earnings	$ 10,204	$ 9,906	$ 31,199	$ 32,451
Adjustment to pension, net of tax	371	360	215	1,080
Comprehensive income	$ 10,575	$ 10,266	$ 31,414	$ 33,531

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	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. 28, 2023	$ 331,432	$ 75,134	$ 125,887	$ 219,459	$ (14,104)	$ (74,944)
Beginning balance common stock, shares at Feb. 28, 2023		30,053,443
Begining balance, treasury stock , shares at Feb. 28, 2023						(4,266,835)
Net Income (Loss)	32,451			32,451
Adjustment to pension, net of deferred tax	1,080				1,080
Dividends paid	(19,391)			(19,391)
Stock based compensation	$ 2,055		2,055
Exercise of stock options and restricted stock			(807)			$ 807
Exercise of stock options and restricted stock, shares						45,959
Common stock repurchases, shares	0
Ending balance at Nov. 30, 2023	$ 347,627	$ 75,134	127,135	232,519	(13,024)	$ (74,137)
Ending balance common stock, shares at Nov. 30, 2023		30,053,443
Ending balance, treasury stock , shares at Nov. 30, 2023						(4,220,876)
Beginning balance at Aug. 31, 2023	343,146	$ 75,134	126,440	229,082	(13,384)	$ (74,126)
Beginning balance common stock, shares at Aug. 31, 2023		30,053,443
Begining balance, treasury stock , shares at Aug. 31, 2023						(4,220,210)
Net Income (Loss)	9,906			9,906
Adjustment to pension, net of deferred tax	360				360
Dividends paid	(6,469)			(6,469)
Stock based compensation	1,041		1,041
Exercise of stock options and restricted stock	$ (357)		(346)			$ (11)
Exercise of stock options and restricted stock, shares						(666)
Common stock repurchases, shares	0
Ending balance at Nov. 30, 2023	$ 347,627	$ 75,134	127,135	232,519	(13,024)	$ (74,137)
Ending balance common stock, shares at Nov. 30, 2023		30,053,443
Ending balance, treasury stock , shares at Nov. 30, 2023						(4,220,876)
Beginning balance at Feb. 29, 2024	$ 349,841	$ 75,134	126,253	236,196	(13,019)	$ (74,723)
Beginning balance common stock, shares at Feb. 29, 2024	30,053,443	30,053,443
Begining balance, treasury stock , shares at Feb. 29, 2024						(4,250,226)
Net Income (Loss)	$ 31,199			31,199
Adjustment to pension, net of deferred tax	215				215
Dividends paid	(85,255)			(85,255)
Stock based compensation	3,350		3,350
Exercise of stock options and restricted stock	174		(4,391)			$ 4,565
Exercise of stock options and restricted stock, shares						259,642
Common stock repurchases	$ (1,828)					$ (1,828)
Common stock repurchases, shares	(40)					(91,923)
Ending balance at Nov. 30, 2024	$ 297,696	$ 75,134	125,212	182,140	(12,804)	$ (71,986)
Ending balance common stock, shares at Nov. 30, 2024	30,053,443	30,053,443
Ending balance, treasury stock , shares at Nov. 30, 2024						(4,082,507)
Beginning balance at Aug. 31, 2024	$ 358,369	$ 75,134	124,315	244,235	(13,175)	$ (72,140)
Beginning balance common stock, shares at Aug. 31, 2024		30,053,443
Begining balance, treasury stock , shares at Aug. 31, 2024						(4,091,256)
Net Income (Loss)	10,204			10,204
Adjustment to pension, net of deferred tax	371				371
Dividends paid	(72,299)			(72,299)
Stock based compensation	877		877
Exercise of stock options and restricted stock	$ 174		20			$ 154
Exercise of stock options and restricted stock, shares						8,749
Common stock repurchases, shares	0
Ending balance at Nov. 30, 2024	$ 297,696	$ 75,134	$ 125,212	$ 182,140	$ (12,804)	$ (71,986)
Ending balance common stock, shares at Nov. 30, 2024	30,053,443	30,053,443
Ending balance, treasury stock , shares at Nov. 30, 2024						(4,082,507)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Statement of Stockholders' Equity [Abstract]
Deferred tax adjusted to pension	$ 124	$ 120	$ 72	$ 359
Dividends paid per share	$ 2.75	$ 0.25	$ 3.25	$ 0.75

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Cash flows from operating activities:
Net earnings	$ 31,199	$ 32,451
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	6,703	7,465
Amortization of intangible assets	5,807	5,830
(Gain) loss from disposal of assets	(95)	53
Amortization of discount on short-term investments	(944)	(102)
Bad debt expense, net of recoveries	152	373
Stock based compensation	3,350	2,055
Net pension expense	1,488	1,439
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable	8,147	8,228
Prepaid expenses and income taxes	(1,001)	(4,126)
Inventories	2,484	6,828
Cash paid to pension plan	(1,200)	0
Other assets	0	81
Accounts payable and accrued expenses	(2,365)	(7,763)
Other liabilities	(628)	(312)
Net cash provided by operating activities	53,097	52,500
Cash flows from investing activities:
Capital expenditures	(4,250)	(4,884)
Purchase of businesses, net of cash acquired	(5,537)	(19,907)
Purchase of short-term investments	(10,093)	(18,393)
Maturity of short-term investments	27,500	0
Proceeds from disposal of plant and property	299	9
Net cash provided by (used in) investing activities	7,919	(43,175)
Cash flows from financing activities:
Dividends paid	(85,255)	(19,391)
Common stock repurchases	(1,828)	0
Proceeds from exercise of stock options	174	0
Net cash used in financing activities	(86,909)	(19,391)
Net change in cash	(25,893)	(10,066)
Cash at beginning of period	81,597	93,968
Cash at end of period	$ 55,704	$ 83,902

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 10,204	$ 9,906	$ 31,199	$ 32,451

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Nov. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Significant Accounting Policies

Significant Accounting Policies and General Matters	9 Months Ended
	Nov. 30, 2024
Accounting Policies [Abstract]
Significant Accounting Policies and General Matters	1. Significant Accounting Policies and General Matters Basis of Presentation These unaudited condensed 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, 2024 have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP') and pursuant to the rules and regulations of the Securities and Exchange Commission pertaining to interim financial statements. Accordingly, they do not include all of the information and footnotes required by GAAP 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 29, 2024, from which the accompanying consolidated balance sheet at February 29, 2024 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. The preparation of the condensed consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the disclosure and reported amounts of assets and liabilities at the date of the condensed consolidated 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. Recent Accounting Pronouncements Issued Accounting Standards Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which aims to improve disclosures about a public entity’s reportable segments. This update addresses requests from investors for more detailed information about a reportable segment’s expenses in order to improve understanding of a public entity’s business activities, overall performance, and potential future cash flows. The amendments in this ASU include a requirement for public business entities to disclose, on an annual and interim basis, significant segment expenses that are regularly provided to the chief operating decision maker ("CODM") and are included within each reported measure of segment profit or loss. This update is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years starting after December 15, 2024. This ASU must be applied retrospectively to all prior periods presented. Management expects the adoption of the pronouncement will result in additional segment disclosures in its Consolidated Financial Statements for fiscal year 2025. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in a public entity’s income tax rate reconciliation table and other disclosures regarding cash taxes paid both in the U.S. and foreign jurisdictions. This ASU is effective for annual periods beginning after December 15, 2024 (fiscal 2026 for the Company), but early adoption is permitted. This ASU should be applied on a prospective basis, although retrospective application is permitted. The Company is assessing the effect of this update on its Consolidated Financial Statements and related disclosures. Proposed Accounting Standards In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The guidance requires disclosures about specific expense categories, including but not limited to, purchases of inventory, employee compensation, depreciation, amortization and selling expenses. The ASU is effective for annual reporting periods beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027. The Company is currently assessing the effect that adoption of this guidance will have on its Consolidated Financial Statements.

Revenue

Revenue	9 Months Ended
	Nov. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	2. Revenue Nature of Revenues Substantially all of the Company’s revenue is derived from the sale of commercial printing products in the continental United States of America and is primarily recognized at a point in time in an amount that reflects the consideration the Company expects to be provided in exchange for those goods. Revenue from the sale of commercial printing products, including shipping and handling fees billed to customers, is recognized when the performance obligation is met 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. Net sales represent gross sales invoiced to customers, less certain related charges, including sales tax, discounts, returns and other allowances. Returns, discounts and other allowances have historically been insignificant. 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 not significant to the Company’s condensed consolidated 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 reportable segment consisting of commercial printed product revenue, which is reported as net sales on the condensed consolidated statements of operations. The Company does not have material contract assets and contract liabilities as of November 30, 2024. 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 90 days , based on the Company’s credit assessment of individual customers, as well as industry expectations. Product returns are not significant as the bulk of our sales are custom in nature. 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 and are not considered material. 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.

Short-term Investments and Fair

Short-term Investments and Fair Value Measurements	9 Months Ended
	Nov. 30, 2024
Short-Term Investments [Abstract]
Short-term Investments and Fair Value Measurements	3. Short-term Investments and Fair Value Measurements Short-term investments are securities with original maturities of greater than three months but less than twelve months and are comprised of U.S. Treasury Bills. The Company determines the classification of these securities as trading, available for sale or held to maturity at the time of purchase and re-evaluates these determinations at each balance sheet date. The Company's short-term investments are classified as held-to-maturity for the period presented as it has the positive intent and ability to hold these investments to maturity. The Company's held-to-maturity investments are stated at amortized cost with a zero credit loss allowance because the probability of default is virtually zero due to the high credit rating, long history of no credit losses and the widely recognized risk free nature of these investments. Amortized cost and estimated fair value of investment securities classified as held-to-maturity were as follows at November 30, 2024 and February 29, 2024 (in thousands): November 30, 2024 Gross Gross Cost or Unrealized Unrealized Estimated Amortized Holding Holding Fair Cost Gains Losses Value November 30, 2024 Investment securities due in less than one year $ 12,862 $ 9 $ — $ 12,871 February 29, 2024 Investment securities due in less than one year $ 29,325 $ — $ 45 $ 29,280 The Company’s short-term investments in investment securities are Level 1 fair value measure. The Company did not hold any Level 2 or 3 financial assets or liabilities measured at fair value on a recurring basis. There were no transfers between levels during the three and nine months ended November 30, 2024 .

Accounts Receivable and Allowan

Accounts Receivable and Allowance for Credit Losses	9 Months Ended
	Nov. 30, 2024
Receivables [Abstract]
Accounts Receivable and Allowance for Credit Losses	4. Accounts Receivable and Allowance for Credit Losses 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 North America. 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 credit losses is based on an analysis that estimates the amount of its total customer receivable balance that is not collectible. This analysis includes assessing a default probability to customers’ receivable balances, which is influenced by several factors including (i) current market conditions, (ii) periodic review of customer credit worthiness, and (iii) 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. Credit losses from continuing operations have consistently been within management’s expectations. The following table presents the activity in the Company’s allowance for credit losses (in thousands): Three months ended Nine months ended November 30, November 30, 2024 2023 2024 2023 Balance at beginning of period $ 1,776 $ 1,866 $ 1,707 $ 1,710 Bad debt expense, net of recoveries ( 25 ) 138 152 373 Accounts written off ( 33 ) ( 46 ) ( 141 ) ( 125 ) Balance at end of period $ 1,718 $ 1,958 $ 1,718 $ 1,958 The following table summarizes the components of accounts receivable as of the dates indicated (in thousands): November 30, February 29, 2024 2024 Trade receivables, net of allowance for credit losses $ 34,389 $ 39,665 Vendor rebates 1,442 3,109 Note receivable 4,395 4,435 Other 29 — $ 40,255 $ 47,209 The note receivable relates to the sale of an unused manufacturing facility and was originally structured to be paid in 12 consecutive monthly installments, with a fixed interest rate of 5.95 % per annum and a balloon payment due upon completion of the final payment. In accordance with the note receivable agreement, the note receivable has been extended beyond the one-year maturity date due to regulatory delays in clearing the facility for third-party financing. The note receivable continues to be classified as current as the Company believes the regulatory delays will be resolved in the next twelve months.

Inventories

Inventories	9 Months Ended
	Nov. 30, 2024
Inventory Disclosure [Abstract]
Inventories	5. Inventories With the exception of approximately 8.4 % and 7.0 % of its inventories valued at the lower of last-in first-out (" LIFO ") for the periods ended November 30, 2024 and February 29, 2024, 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. Reserves for excess and obsolete inventory at November 30, 2024 and February 29, 2024 were $ 1.8 million and $ 1.8 million, respectively. The following table summarizes the components of inventories at the different stages of production as of the dates indicated (in thousands): November 30, February 29, 2024 2024 Raw material $ 21,111 $ 21,764 Work-in-process 4,702 5,621 Finished goods 13,566 12,652 $ 39,379 $ 40,037

Acquisitions

Acquisitions	9 Months Ended
	Nov. 30, 2024
Business Combinations [Abstract]
Acquisitions	6. 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 with certain limited exceptions permitted under US GAAP. 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 in the period incurred. Acquisition of Printing Technologies On June 26, 2024, the Company acquired the assets and business of Printing Technologies, Inc. ("PTI"), which is based in Indianapolis, Indiana, for approximately $ 5.5 million in cash. The Company performed an allocation of the total estimated consideration and recorded the underlying assets acquired (including certain identified intangible assets) and liabilities assumed based on the estimated fair values using the information available as of the acquisition date. The Company recorded intangible assets with definite lives of approximately $ 2.0 million in connection with the transaction, which are deductible for tax purposes. The acquisition of PTI strengthens our production capabilities and diversifies our product offerings to enable us to better serve our broad customer base. The following table summarizes the Company's purchase price allocation for PTI subsequent to the acquisition date (in thousands): Accounts receivable $ 1,339 Inventories 1,826 Other assets 100 Right-of-use asset 847 Property, plant and equipment 887 Intangibles 2,012 Operating lease liability ( 847 ) Accounts payable and accrued liabilities ( 633 ) Acquisition price $ 5,531 Acquisition of Eagle Graphics and Diamond Graphics On October 11, 2023, the Company acquired the assets and business of Eagle Graphics, Inc. ("Eagle"), which is based in Annville, Pennsylvania, and Diamond Graphics, Inc. ("Diamond"), which is based in Bensalem, Pennsylvania, for approximately $ 7.9 million in cash. The Company performed an allocation of the total estimated consideration and recorded the underlying assets acquired (including certain identified intangible assets) and liabilities assumed based on the estimated fair values prepared by management using the information available as of the acquisition date. All goodwill of $ 0.2 million recognized as a part of this acquisition is deductible for tax purposes. The Company also recorded intangible assets with definite lives of approximately $ 0.8 million in connection with the transaction, which are also deductible for tax purposes. The acquisition of Eagle and Diamond strengthens our production capabilities to serve our customers in the Northeast United States. The following table summarizes the Company's purchase price allocation for Eagle and Diamond as of the acquisition date (in thousands): Accounts receivable $ 838 Inventories 917 Property, plant and equipment 5,304 Goodwill and intangibles 971 Accounts payable and accrued liabilities ( 159 ) Acquisition price $ 7,871 Acquisition of UMC Print On June 2, 2023, the Company acquired the assets and business of UMC Print ("UMC"), which is based in Overland Park, Kansas, for approximately $ 7.5 million in cash plus the assumption of trade payables of approximately $ 0.8 million. The Company performed an allocation of the total estimated consideration and recorded the underlying assets acquired (including certain identified intangible assets) and liabilities assumed based on the estimated fair values prepared by management using the information available as of the acquisition date. In January 2024, the Company received an indemnity claim from escrow related to a piece of equipment in the amount of $ 0.2 million. All goodwill of $ 2.2 million recognized as a part of this acquisition is deductible for tax purposes. The Company also recorded intangible assets with definite lives of approximately $ 2.7 million in connection with the transaction, which are also deductible for tax purposes. The acquisition of UMC brings the Company expanded commercial print capabilities serving customers throughout the Midwest United States. The following table summarizes the Company's purchase price allocation for UMC as of the acquisition date (in thousands): Cash $ 758 Accounts receivable 1,839 Inventories 553 Property, plant and equipment 2,137 Goodwill and intangibles 2,971 Accounts payable and accrued liabilities ( 789 ) Acquisition price $ 7,469 Acquisition of Stylecraft Printing On May 23, 2023, the Company acquired the real estate and operations of Stylecraft Printing Company ("Stylecraft"), which is based in Canton, Michigan, for $ 5.0 million plus the assumption of trade payables. The Company performed an allocation of the total estimated consideration and recorded the underlying assets acquired (including certain identified intangible assets) and liabilities assumed based on their estimated fair values using the information available as of the acquisition date. All goodwill of $ 0.2 million recognized as a part of this acquisition is deductible for tax purposes. The Company also recorded intangible assets with definite lives of approximately $ 0.3 million in connection with the transaction, which are also deductible for tax purposes. The acquisition of Stylecraft expands the Company's product lines and footprint specializing in business forms, integrated products and commercial printing. The following table summarizes the Company's purchase price allocation for Stylecraft as of the acquisition date (in thousands): Accounts receivable $ 554 Inventories 849 Right-of-use asset 28 Property, plant and equipment 3,160 Goodwill and intangibles 476 Operating lease liability ( 28 ) Accounts payable and accrued liabilities ( 12 ) Acquisition price $ 5,027 The results of operations for Stylecraft, UMC, Eagle and PTI are included in the Company’s consolidated financial statements from the respective dates of acquisition. The following table sets forth certain operating information on a pro forma basis as though each acquisition had occurred as of the beginning of the comparable prior period (that is, March 1, 2023). The following pro forma information includes 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 November 30, November 30, November 30, November 30, Pro forma net sales $ 99,771 $ 108,830 $ 306,582 $ 344,268 Pro forma net earnings 10,204 10,235 31,274 34,543 Pro forma earnings per share - diluted $ 0.39 $ 0.39 $ 1.19 $ 1.33 The pro forma results are not necessarily indicative of what would have occurred if the acquisitions had been in effect for the full duration of the comparative periods presented.

Leases

Leases	9 Months Ended
	Nov. 30, 2024
Leases [Abstract]
Leases	7. 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 material variable lease costs for the three and nine months ended November 30, 2024 and 2023. 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 directs 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 information available 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, 2024 and 2023 were as follows (in thousands): Three months ended Nine months ended November 30, November 30, November 30, November 30, Operating lease cost $ 1,412 $ 1,390 $ 4,148 $ 4,241 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 $ 1,431 $ 1,394 $ 4,210 $ 4,256 Right-of-use assets obtained in exchange for lease obligations Operating leases $ 4,052 $ 214 $ 5,547 $ 993 Weighted Average Remaining Lease Terms Operating leases 3.0 Years 3.0 Years Weighted Average Discount Rate Operating leases 4.56 % 4.03 % Future minimum lease commitments under non-cancelable operating leases for each of the fiscal years ending are as follows (in thousands): Operating Lease Commitments 2025 (remaining 3 months) $ 947 2026 4,807 2027 3,104 2028 1,666 2029 824 2030 297 Total future minimum lease payments $ 11,645 Less imputed interest 820 Present value of lease liabilities $ 10,825

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Nov. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	8. 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 considered 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, 2024 (in years) Amount Amortization Net Definite-lived intangible assets Trademarks and trade names 7.1 $ 30,911 $ 15,991 $ 14,920 Customer lists 4.8 82,653 63,558 19,095 Non-compete 1.1 256 203 53 Technology 5.0 650 186 464 Total 5.8 $ 114,470 $ 79,938 $ 34,532 As of February 29, 2024 Definite-lived intangible assets Trademarks and trade names 7.6 $ 29,817 $ 14,366 $ 15,451 Customer lists 5.1 81,753 59,473 22,280 Non-compete 1.6 238 176 62 Technology 5.8 650 116 534 Total 6.1 $ 112,458 $ 74,131 $ 38,327 Aggregate amortization expense was $ 1.9 million and $ 5.8 million for the three and nine months ended November 30, 2024 and $ 1.9 million and $ 5.8 million for the three and nine months ended November 30, 2023. The Company’s estimated amortization expense for the current and next five fiscal years is as follows (in thousands): 2025 (remaining) $ 1,981 2026 $ 7,158 2027 $ 6,066 2028 $ 4,569 2029 $ 3,934 2030 $ 2,719 Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands): Balance as of March 1, 2023 $ 91,819 Goodwill acquired 2,530 Balance as of February 29, 2024 94,349 Goodwill acquired — Balance as of November 30, 2024 $ 94,349 During fiscal year 2024, $ 2.5 million was added to goodwill related to the acquisition of Stylecraft, UMC, Eagle and Diamond.

Accrued Expenses

Accrued Expenses	9 Months Ended
	Nov. 30, 2024
Payables and Accruals [Abstract]
Accrued Expenses	9. Accrued Expenses The following table summarizes the components of accrued expenses as of the dates indicated (in thousands): November 30, February 29, 2024 2024 Employee compensation and benefits $ 11,507 $ 13,714 Taxes other than income 1,561 1,341 Accrued legal and professional fees 522 510 Accrued utilities 108 108 Accrued acquisition related obligations — 200 Income taxes payable 654 626 Other accrued expenses 1,226 1,042 $ 15,578 $ 17,541

Credit Facility

Credit Facility	9 Months Ended
	Nov. 30, 2024
Debt Disclosure [Abstract]
Credit Facility	10. Credit Facility As of November 30, 2024 , the Company had $ 0.3 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, 2024
Equity [Abstract]
Shareholders' Equity	11. 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 $ 60.0 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, 2024 , the Company repurchased 40 shares of common stock unrelated to the stock repurchase program at an average price of $ 22.62 . During the nine month period ended November 30, 2024 , the Company repurchased 91,883 shares of common stock under the program at an average price of $ 19.79 . The Company did no t repurchase, under the program, any shares for the three months ended November 30, 2024 or for the three and nine months ended November 30, 2023 . Since the program’s inception in October 2008, there have been 2,334,344 common shares repurchased at an average price of $ 16.47 per share. As of November 30, 2024 , $ 21.5 million remained available to repurchase shares of the Company’s common stock under the program. During the quarter, the Company returned $ 72.3 million to shareholders in dividends which included a special dividend of $ 2.50 per share.

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Nov. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock Based Compensation	12. Stock Based Compensation The Company grants stock options, restricted stock and restricted stock units (" RSUs ") to key executives and 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 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. At November 30, 2024 , the Company has 227,940 shares of unissued common stock reserved under the New Plan for issuance and uses treasury stock to satisfy option exercises and restricted stock awards. The Company recognizes compensation expense for stock options and restricted stock grants 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, 2024 and November 30, 2023 , the Company included in selling, general and administrative expenses, compensation expense related to stock-based compensation of $ 0.9 million and $ 0.7 million, respectively. For the nine months ended November 30, 2024 and November 30, 2023 , the Company included in selling, general and administrative expenses, compensation expense related to stock-based compensation of $ 3.3 million and $ 2.0 million, respectively. Stock Options The Company had the following stock option activity for the nine months ended November 30, 2024. Weighted Weighted Average Aggregate Number Average Remaining Intrinsic of Shares Exercise Contractual Value(a) (exact quantity) Price Life (in years) (in thousands) Outstanding at March 1, 2024 52,500 $ 19.88 10.0 — Granted — — Terminated ( 2,500 ) 19.88 Exercised ( 8,749 ) 19.88 Outstanding at November 30, 2024 41,251 $ 19.88 8.4 $ 59.8 Exercisable at November 30, 2024 7,915 $ 19.88 8.4 $ 11.5 A summary of the status of the Company’s unvested stock options at November 30, 2024 and the changes during the nine months ended November 30, 2024 are presented below: Weighted Average Number Grant Date of Options Fair Value Unvested at March 1, 2024 52,500 2.47 New grants — — Vested ( 17,497 ) 2.47 Forfeited ( 1,667 ) 2.47 Unvested at November 30, 2024 33,336 2.47 As of November 30, 2024 , there was $ 0.1 million of unrecognized compensation cost related to unvested stock options granted under the Plan. The weighted average remaining requisite service period of the unvested stock options was 1.4 years. Restricted Stock The following activity occurred with respect to the Company’s restricted stock awards for the nine months ended November 30, 2024: Weighted Average Number of Grant Date Shares Fair Value Outstanding at March 1, 2024 42,131 $ 20.11 Granted 19,880 23.24 Terminated — — Vested ( 20,344 ) 20.08 Outstanding at November 30, 2024 41,667 $ 21.61 As of November 30, 2024 , the total remaining unrecognized compensation cost related to unvested restricted stock was approximately $ 0.7 million. The weighted average remaining requisite service period of the unvested restricted stock awards was 1.9 years . Restricted Stock Units During the nine months ended November 30, 2024 , 183,457 performance-based RSUs and 122,303 time-based RSUs were granted under the New 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 $ 19.43 per unit. The fair value of the performance-based RSUs, using a Monte Carlo valuation model, was $ 19.97 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 of the Company. 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. Holders of RSUs receive cash dividends equal to the dividends we declare and pay on our common stock, which are included in dividends paid in the Condensed Consolidated Financial Statements. 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, 2024: 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, 2024 16,639 $ 20.11 152,572 $ 23.17 Granted (1) 122,303 19.43 238,494 19.97 Change due to vested performance achievement — — 61,337 — Terminated — — — — Vested ( 16,639 ) 20.11 ( 213,909 ) 22.72 Outstanding at November 30, 2024 122,303 $ 19.43 238,494 $ 19.97 (1) The number of shares of time-based grants may, upon vesting, convert 50 % into common stock and the remaining 50 % into two incentive stock options for each RSU with an exercise price equal to the closing price of the Company's stock on that date for employees who have not met their stock ownership requirements. The number of shares of performance-based grants includes an estimate 55,037 of additional RSUs at the maximum achievement level of 130 % of target payout. Actual shares that may be issued can range from 0 % to 130 % of target. As of November 30, 2024, the total remaining unrecognized compensation cost of time-based RSUs was approximatel y $ 1.6 million over a weighted average remaining requisite service period of 2.4 years. As of November 30, 2024 , the total remaining unrecognized compensation of performance-based RSUs was approximately $ 3.2 million over a weighted average remaining requisite service period of 2.4 years.

Pension Plan

Pension Plan	9 Months Ended
	Nov. 30, 2024
Retirement Benefits [Abstract]
Pension Plan	13. Pension Plan The Company and certain subsidiaries have a noncontributory defined benefit retirement plan (the " Pension Plan "), covering approximately 12 % 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, 2024 2023 2024 2023 Components of net periodic benefit cost Service cost $ 166 $ 168 $ 498 $ 504 Interest cost 649 614 1,947 1,841 Expected return on plan assets ( 755 ) ( 776 ) ( 2,265 ) ( 2,328 ) Amortization of: Unrecognized net loss 436 474 1,308 1,422 Net periodic benefit cost $ 496 $ 480 $ 1,488 $ 1,439 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 "). The assumptions used to calculate the pension funding deficit are different from the assumptions used to determine the net pension obligation for purposes of our condensed consolidated financial statements. Due to the enactment of the American Rescue Plan (" ARP ") Act of 2021, 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. 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. The Company made a $ 1.2 million contribution during the nine months ended November 30, 2024 and a $ 1.2 million contribution to the Pension Plan during the fiscal year 2024 . As our Pension Plan assets are invested in marketable securities, fluctuations in market values could potentially impact our funding status, associated liabilities recorded and future required minimum contributions. At November 30, 2024 , we had an unfunded pension asset recorded on our condensed consolidated balance sheet of approximately $ 0.1 million.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Nov. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	14. 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, performance-based RSUs or other contracts to issue common shares were exercised or converted into common stock. This is calculated using the treasury stock method. 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, 2024 2023 2024 2023 Basic weighted average common shares outstanding 26,013,892 25,894,578 26,028,596 25,826,691 Effect of dilutive stock options, restricted stock, time-based RSUs and performance-based RSUs 75,065 188,723 163,412 164,876 Diluted weighted average common shares outstanding 26,088,957 26,083,301 26,192,008 25,991,567 Earnings per share Net earnings - basic $ 0.39 $ 0.38 $ 1.20 $ 1.26 Net earnings - diluted $ 0.39 $ 0.38 $ 1.19 $ 1.25 Cash dividends per share $ 2.75 $ 0.25 $ 3.25 $ 0.75 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. For the three and nine months ended November 30, 2024 , 49,787 and 41,251 shares related to stock options were not included in the computation of earnings per diluted share as they were considered anti-dilutive. For the three and nine months ended November 30, 2023 , 52,500 shares related to outstanding stock options were not included in the computation of earnings per diluted share as they were considered anti-dilutive.

Concentrations of Risk

Concentrations of Risk	9 Months Ended
	Nov. 30, 2024
Risks and Uncertainties [Abstract]
Concentrations of Risk	15. 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. For the purposes of the condensed 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, 2024 , cash balances included $ 55.2 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. The Company believes its credit risk with respect to trade receivables is limited due to industry and geographic diversification. As disclosed on the condensed consolidated balance sheets, the Company maintains an allowance for credit losses 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.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Nov. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	16. Related Party Transactions The Company leases a facility and sells product to an entity controlled by a member of the Board. The total right-of-use asset and related lease liability as of November 30, 2024 was $ 0.1 million and $ 0.1 million, respectively. The total right-of-use asset and related lease liability as of November 30, 2023 was $ 0.5 million and $ 0.5 million, respectively. During the three months ended November 30, 2024 , total lease payments and sales made to the related party were approximately $ 0.1 million and $ 0.8 million, respectively. During the nine months ended November 30, 2024 , total lease payments and sales made to the related party were approximately $ 0.4 million and $ 2.2 million, respectively. During the three months ended November 30, 2023 , total lease payments and sales made to the related party were approximately $ 0.1 million and $ 0.8 million, respectively. During the nine months ended November 30, 2023 , total lease payments and sales made to the related party were approximately $ 0.3 million and $ 2.4 million, respectively.

Income Taxes

Income Taxes	9 Months Ended
	Nov. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	17. Income Taxes The Company is subject to U.S. federal income tax as well as income taxes of multiple state jurisdictions. The quarterly income tax provision was computed based on our estimated annualized effective tax rate and the full-year forecasted income or loss plus the tax impact of unusual, infrequent, or nonrecurring significant items during the period. Our effective tax rate for the nine months ended November 30, 2024 and 2023 was 27.5 % and 28.3 %, respectively. The decrease in our overall tax rate this period as compared to the same period last year is due to a decrease in our overall expected state tax rate due to changes in state apportionment. The Company made cash payments for income taxes, net of income tax refunds, of $ 12.2 million and $ 16.2 million for the nine months ended November 30, 2024 and 2023, respectively.

Other Contingencies

Other Contingencies	9 Months Ended
	Nov. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Other Contingencies	18. Other Contingencies We are subject to a variety of claims and suits that arise from time to time in the ordinary course of our business. Although management currently believes that resolving claims against us, individually or in the aggregate, will not have a material adverse impact in our consolidated financial statements, these matters are subject to inherent uncertainties and management's view of these matters may change in the future.

Subsequent Event

Subsequent Event	9 Months Ended
	Nov. 30, 2024
Subsequent Events [Abstract]
Subsequent Event	19. Subsequent Event On December 19, 2024 , the Board declared a quarterly cash dividend on the Company's common stock of 25.0 cents per share. The dividend is payable on February 6, 2025 to shareholders of record as of January 9, 2025 . 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, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These unaudited condensed 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, 2024 have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP') and pursuant to the rules and regulations of the Securities and Exchange Commission pertaining to interim financial statements. Accordingly, they do not include all of the information and footnotes required by GAAP 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 29, 2024, from which the accompanying consolidated balance sheet at February 29, 2024 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. The preparation of the condensed consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the disclosure and reported amounts of assets and liabilities at the date of the condensed consolidated 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.
Issued Accounting Standards Not Yet Adopted	Issued Accounting Standards Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which aims to improve disclosures about a public entity’s reportable segments. This update addresses requests from investors for more detailed information about a reportable segment’s expenses in order to improve understanding of a public entity’s business activities, overall performance, and potential future cash flows. The amendments in this ASU include a requirement for public business entities to disclose, on an annual and interim basis, significant segment expenses that are regularly provided to the chief operating decision maker ("CODM") and are included within each reported measure of segment profit or loss. This update is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years starting after December 15, 2024. This ASU must be applied retrospectively to all prior periods presented. Management expects the adoption of the pronouncement will result in additional segment disclosures in its Consolidated Financial Statements for fiscal year 2025. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in a public entity’s income tax rate reconciliation table and other disclosures regarding cash taxes paid both in the U.S. and foreign jurisdictions. This ASU is effective for annual periods beginning after December 15, 2024 (fiscal 2026 for the Company), but early adoption is permitted. This ASU should be applied on a prospective basis, although retrospective application is permitted. The Company is assessing the effect of this update on its Consolidated Financial Statements and related disclosures.
Proposed Accounting Standards	Proposed Accounting Standards In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The guidance requires disclosures about specific expense categories, including but not limited to, purchases of inventory, employee compensation, depreciation, amortization and selling expenses. The ASU is effective for annual reporting periods beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027. The Company is currently assessing the effect that adoption of this guidance will have on its Consolidated Financial Statements.

Short-term Investments and Fa_2

Short-term Investments and Fair Value Measurements (Tables)	9 Months Ended
	Nov. 30, 2024
Short-Term Investments [Abstract]
Amortized Cost and Estimated Fair Value of Investment Securities Classified as Held-to-maturity	Amortized cost and estimated fair value of investment securities classified as held-to-maturity were as follows at November 30, 2024 and February 29, 2024 (in thousands): November 30, 2024 Gross Gross Cost or Unrealized Unrealized Estimated Amortized Holding Holding Fair Cost Gains Losses Value November 30, 2024 Investment securities due in less than one year $ 12,862 $ 9 $ — $ 12,871 February 29, 2024 Investment securities due in less than one year $ 29,325 $ — $ 45 $ 29,280

Accounts Receivable and Allow_2

Accounts Receivable and Allowance for Credit Losses (Tables)	9 Months Ended
	Nov. 30, 2024
Receivables [Abstract]
Allowance for Credit Losses	The following table presents the activity in the Company’s allowance for credit losses (in thousands): Three months ended Nine months ended November 30, November 30, 2024 2023 2024 2023 Balance at beginning of period $ 1,776 $ 1,866 $ 1,707 $ 1,710 Bad debt expense, net of recoveries ( 25 ) 138 152 373 Accounts written off ( 33 ) ( 46 ) ( 141 ) ( 125 ) Balance at end of period $ 1,718 $ 1,958 $ 1,718 $ 1,958
Summary Of Accounts Receivable	The following table summarizes the components of accounts receivable as of the dates indicated (in thousands): November 30, February 29, 2024 2024 Trade receivables, net of allowance for credit losses $ 34,389 $ 39,665 Vendor rebates 1,442 3,109 Note receivable 4,395 4,435 Other 29 — $ 40,255 $ 47,209

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Nov. 30, 2024
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 29, 2024 2024 Raw material $ 21,111 $ 21,764 Work-in-process 4,702 5,621 Finished goods 13,566 12,652 $ 39,379 $ 40,037

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Nov. 30, 2024
Business Acquisition [Line Items]
Summary of Operating Information on a Pro Forma Basis	The following pro forma information includes 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 November 30, November 30, November 30, November 30, Pro forma net sales $ 99,771 $ 108,830 $ 306,582 $ 344,268 Pro forma net earnings 10,204 10,235 31,274 34,543 Pro forma earnings per share - diluted $ 0.39 $ 0.39 $ 1.19 $ 1.33
Printing Technologies Inc [Member]
Business Acquisition [Line Items]
Summary of Purchase Price Allocation	The following table summarizes the Company's purchase price allocation for PTI subsequent to the acquisition date (in thousands): Accounts receivable $ 1,339 Inventories 1,826 Other assets 100 Right-of-use asset 847 Property, plant and equipment 887 Intangibles 2,012 Operating lease liability ( 847 ) Accounts payable and accrued liabilities ( 633 ) Acquisition price $ 5,531
Eagle Graphics and Diamond Graphics [Member]
Business Acquisition [Line Items]
Summary of Purchase Price Allocation	The following table summarizes the Company's purchase price allocation for Eagle and Diamond as of the acquisition date (in thousands): Accounts receivable $ 838 Inventories 917 Property, plant and equipment 5,304 Goodwill and intangibles 971 Accounts payable and accrued liabilities ( 159 ) Acquisition price $ 7,871
UMC Print [Member]
Business Acquisition [Line Items]
Summary of Purchase Price Allocation	The following table summarizes the Company's purchase price allocation for UMC as of the acquisition date (in thousands): Cash $ 758 Accounts receivable 1,839 Inventories 553 Property, plant and equipment 2,137 Goodwill and intangibles 2,971 Accounts payable and accrued liabilities ( 789 ) Acquisition price $ 7,469
Acquisition of Stylecraft Printing [Member]
Business Acquisition [Line Items]
Summary of Purchase Price Allocation	The following table summarizes the Company's purchase price allocation for Stylecraft as of the acquisition date (in thousands): Accounts receivable $ 554 Inventories 849 Right-of-use asset 28 Property, plant and equipment 3,160 Goodwill and intangibles 476 Operating lease liability ( 28 ) Accounts payable and accrued liabilities ( 12 ) Acquisition price $ 5,027

Leases (Tables)

Leases (Tables)	9 Months Ended
	Nov. 30, 2024
Leases [Abstract]
Components of Lease Expense	Components of lease expense for the three and nine months ended November 30, 2024 and 2023 were as follows (in thousands): Three months ended Nine months ended November 30, November 30, November 30, November 30, Operating lease cost $ 1,412 $ 1,390 $ 4,148 $ 4,241 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 $ 1,431 $ 1,394 $ 4,210 $ 4,256 Right-of-use assets obtained in exchange for lease obligations Operating leases $ 4,052 $ 214 $ 5,547 $ 993 Weighted Average Remaining Lease Terms Operating leases 3.0 Years 3.0 Years Weighted Average Discount Rate Operating leases 4.56 % 4.03 %
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 2025 (remaining 3 months) $ 947 2026 4,807 2027 3,104 2028 1,666 2029 824 2030 297 Total future minimum lease payments $ 11,645 Less imputed interest 820 Present value of lease liabilities $ 10,825

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Nov. 30, 2024
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, 2024 (in years) Amount Amortization Net Definite-lived intangible assets Trademarks and trade names 7.1 $ 30,911 $ 15,991 $ 14,920 Customer lists 4.8 82,653 63,558 19,095 Non-compete 1.1 256 203 53 Technology 5.0 650 186 464 Total 5.8 $ 114,470 $ 79,938 $ 34,532 As of February 29, 2024 Definite-lived intangible assets Trademarks and trade names 7.6 $ 29,817 $ 14,366 $ 15,451 Customer lists 5.1 81,753 59,473 22,280 Non-compete 1.6 238 176 62 Technology 5.8 650 116 534 Total 6.1 $ 112,458 $ 74,131 $ 38,327
Estimated Amortization Expense	The Company’s estimated amortization expense for the current and next five fiscal years is as follows (in thousands): 2025 (remaining) $ 1,981 2026 $ 7,158 2027 $ 6,066 2028 $ 4,569 2029 $ 3,934 2030 $ 2,719
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, 2023 $ 91,819 Goodwill acquired 2,530 Balance as of February 29, 2024 94,349 Goodwill acquired — Balance as of November 30, 2024 $ 94,349

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Nov. 30, 2024
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 29, 2024 2024 Employee compensation and benefits $ 11,507 $ 13,714 Taxes other than income 1,561 1,341 Accrued legal and professional fees 522 510 Accrued utilities 108 108 Accrued acquisition related obligations — 200 Income taxes payable 654 626 Other accrued expenses 1,226 1,042 $ 15,578 $ 17,541

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Nov. 30, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Stock Option Activity	The Company had the following stock option activity for the nine months ended November 30, 2024. Weighted Weighted Average Aggregate Number Average Remaining Intrinsic of Shares Exercise Contractual Value(a) (exact quantity) Price Life (in years) (in thousands) Outstanding at March 1, 2024 52,500 $ 19.88 10.0 — Granted — — Terminated ( 2,500 ) 19.88 Exercised ( 8,749 ) 19.88 Outstanding at November 30, 2024 41,251 $ 19.88 8.4 $ 59.8 Exercisable at November 30, 2024 7,915 $ 19.88 8.4 $ 11.5
Summary of Unvested Stock Options	A summary of the status of the Company’s unvested stock options at November 30, 2024 and the changes during the nine months ended November 30, 2024 are presented below: Weighted Average Number Grant Date of Options Fair Value Unvested at March 1, 2024 52,500 2.47 New grants — — Vested ( 17,497 ) 2.47 Forfeited ( 1,667 ) 2.47 Unvested at November 30, 2024 33,336 2.47
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, 2024: Weighted Average Number of Grant Date Shares Fair Value Outstanding at March 1, 2024 42,131 $ 20.11 Granted 19,880 23.24 Terminated — — Vested ( 20,344 ) 20.08 Outstanding at November 30, 2024 41,667 $ 21.61 The following activity occurred with respect to the Company’s restricted stock units for the nine months ended November 30, 2024: 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, 2024 16,639 $ 20.11 152,572 $ 23.17 Granted (1) 122,303 19.43 238,494 19.97 Change due to vested performance achievement — — 61,337 — Terminated — — — — Vested ( 16,639 ) 20.11 ( 213,909 ) 22.72 Outstanding at November 30, 2024 122,303 $ 19.43 238,494 $ 19.97 (1) The number of shares of time-based grants may, upon vesting, convert 50 % into common stock and the remaining 50 % into two incentive stock options for each RSU with an exercise price equal to the closing price of the Company's stock on that date for employees who have not met their stock ownership requirements. The number of shares of performance-based grants includes an estimate 55,037 of additional RSUs at the maximum achievement level of 130 % of target payout. Actual shares that may be issued can range from 0 % to 130 % of target.

Pension Plan (Tables)

Pension Plan (Tables)	9 Months Ended
	Nov. 30, 2024
Retirement Benefits [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, 2024 2023 2024 2023 Components of net periodic benefit cost Service cost $ 166 $ 168 $ 498 $ 504 Interest cost 649 614 1,947 1,841 Expected return on plan assets ( 755 ) ( 776 ) ( 2,265 ) ( 2,328 ) Amortization of: Unrecognized net loss 436 474 1,308 1,422 Net periodic benefit cost $ 496 $ 480 $ 1,488 $ 1,439

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Nov. 30, 2024
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, 2024 2023 2024 2023 Basic weighted average common shares outstanding 26,013,892 25,894,578 26,028,596 25,826,691 Effect of dilutive stock options, restricted stock, time-based RSUs and performance-based RSUs 75,065 188,723 163,412 164,876 Diluted weighted average common shares outstanding 26,088,957 26,083,301 26,192,008 25,991,567 Earnings per share Net earnings - basic $ 0.39 $ 0.38 $ 1.20 $ 1.26 Net earnings - diluted $ 0.39 $ 0.38 $ 1.19 $ 1.25 Cash dividends per share $ 2.75 $ 0.25 $ 3.25 $ 0.75

Revenue - Additional Informatio

Revenue - Additional Information (Detail)	9 Months Ended
	Nov. 30, 2024
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	90 days

Short-term Investments and Fa_3

Short-term Investments and Fair Value Measurements - Summary of Amortized Cost and Estimated Fair Value of Investment Securities Classified as Held-to-maturity (Details) - USD ($) $ in Thousands	Nov. 30, 2024	Feb. 29, 2024
Short-Term Investments [Abstract]
Investment securities due in less than one year, cost or amortized cost	$ 12,862	$ 29,325
Investment securities due in less than one year, gross unrealized holding gains	9	0
Investment securities due in less than one year, gross unrealised holding losses	0	45
Investment securities due in less than one year, estimated fair value	$ 12,871	$ 29,280

Accounts Receivable and Allow_3

Accounts Receivable and Allowance for Credit Losses - Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Receivables [Abstract]
Balance at beginning of period	$ 1,776	$ 1,866	$ 1,707	$ 1,710
Bad debt expense, net of recoveries	(25)	138	152	373
Accounts written off	(33)	(46)	(141)	(125)
Balance at end of period	$ 1,718	$ 1,958	$ 1,718	$ 1,958

Accounts Receivable and Allow_4

Accounts Receivable and Allowance for Credit Losses - Additional Information (Detail)	9 Months Ended
	Nov. 30, 2024
Receivables [Abstract]
Accounts receivable frequency of payments	12
Accounts receivable fixed interest rate	5.95%

Accounts Receivable and Allow_5

Accounts Receivable and Allowance for Credit Losses - Summary Of Accounts Receivable (Detail) - USD ($) $ in Thousands	Nov. 30, 2024	Feb. 29, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivable	$ 40,255	$ 47,209
Trade receivables, net of allowance for credit losses
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivable	34,389	39,665
Vendor rebates
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivable	1,442	3,109
Note receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivable	4,395	4,435
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivable	$ 29	$ 0

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Millions	Nov. 30, 2024	Feb. 29, 2024
Inventory Disclosure [Abstract]
Percentage of Inventories valued at LIFO	8.40%	7%
Amount of valuation reserve for excess and obsolete inventory	$ 1.8	$ 1.8

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Nov. 30, 2024	Feb. 29, 2024
Inventory Disclosure [Abstract]
Raw material	$ 21,111	$ 21,764
Work-in-process	4,702	5,621
Finished goods	13,566	12,652
Inventories	$ 39,379	$ 40,037

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended
	Jan. 31, 2024	Nov. 30, 2024	Jun. 26, 2024	Feb. 29, 2024	Oct. 11, 2023	Jun. 02, 2023	May 23, 2023	Feb. 28, 2023
Business Acquisition [Line Items]
Percentage of assets acquired and liabilities assumed at their acquisition date fair values		100%
Goodwill		$ 94,349		$ 94,349				$ 91,819
Eagle Graphics and Diamond Graphics [Member]
Business Acquisition [Line Items]
Total purchase consideration					$ 7,871
Trade payables					159
Goodwill					200
Intangible assets					$ 800
UMC Print [Member]
Business Acquisition [Line Items]
Total purchase consideration						$ 7,469
Indemnity claim from escrow	$ 200
Trade payables						789
Goodwill						2,200
Intangible assets						$ 2,700
Acquisition of Stylecraft Printing [Member]
Business Acquisition [Line Items]
Total purchase consideration							$ 5,027
Trade payables							12
Goodwill							200
Intangible assets							$ 300
Printing Technologies Inc [Member]
Business Acquisition [Line Items]
Total purchase consideration			$ 5,531
Trade payables			633
Intangible assets			$ 2,000

Acquisitions - Summary of Purch

Acquisitions - Summary of Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Jun. 26, 2024	Oct. 11, 2023	Jun. 02, 2023	May 23, 2023
Eagle Graphics and Diamond Graphics [Member]
Business Acquisition [Line Items]
Accounts receivable		$ 838
Inventories		917
Property, plant and equipment		5,304
Goodwill and intangibles		971
Accounts payable and accrued liabilities		(159)
Acquisition price		$ 7,871
UMC Print [Member]
Business Acquisition [Line Items]
Cash			$ 758
Accounts receivable			1,839
Inventories			553
Property, plant and equipment			2,137
Goodwill and intangibles			2,971
Accounts payable and accrued liabilities			(789)
Acquisition price			$ 7,469
Acquisition of Stylecraft Printing [Member]
Business Acquisition [Line Items]
Accounts receivable				$ 554
Inventories				849
Right-of-use asset				28
Property, plant and equipment				3,160
Goodwill and intangibles				476
Operating lease liability				(28)
Accounts payable and accrued liabilities				(12)
Acquisition price				$ 5,027
Printing Technologies Inc [Member]
Business Acquisition [Line Items]
Accounts receivable	$ 1,339
Inventories	1,826
Other assets	100
Right-of-use asset	847
Property, plant and equipment	887
Intangibles	2,012
Operating lease liability	(847)
Accounts payable and accrued liabilities	(633)
Acquisition price	$ 5,531

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, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Business Combinations [Abstract]
Pro forma net sales	$ 99,771	$ 108,830	$ 306,582	$ 344,268
Pro forma net earnings	$ 10,204	$ 10,235	$ 31,274	$ 34,543
Pro forma earnings per share - diluted	$ 0.39	$ 0.39	$ 1.19	$ 1.33

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
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	$ 0	$ 0
Minimum [Member]
Lessee Lease Description [Line Items]
Leases terms	1 year		1 year
Maximum [Member]
Lessee Lease Description [Line Items]
Leases terms	5 years		5 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Lease, Cost [Abstract]
Operating lease cost	$ 1,412	$ 1,390	$ 4,148	$ 4,241
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	1,431	1,394	4,210	4,256
Right-of-use assets obtained in exchange for lease obligations, Operating leases	$ 4,052	$ 214	$ 5,547	$ 993
Weighted Average Remaining Lease Terms, Operating leases	3 years	3 years	3 years	3 years
Weighted Average Discount Rate, Operating leases	4.56%	4.03%	4.56%	4.03%

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Lease Commitments Under Non-cancelable Operating Leases (Detail) $ in Thousands	Nov. 30, 2024 USD ($)
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
2025 (remaining 3 months)	$ 947
2026	4,807
2027	3,104
2028	1,666
2029	824
2030	297
Total future minimum lease payments	11,645
Less imputed interest	820
Present value of lease liabilities	$ 10,825

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Carrying Amount and Accumulated Amortization of Intangible Assets (Detail) - USD ($) $ in Thousands	Nov. 30, 2024	Feb. 29, 2024
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	5 years 9 months 18 days	6 years 1 month 6 days
Gross Carrying Amount	$ 114,470	$ 112,458
Accumulated Amortization	79,938	74,131
Amortized Intangible Assets, Net	$ 34,532	$ 38,327
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	7 years 1 month 6 days	7 years 7 months 6 days
Gross Carrying Amount	$ 30,911	$ 29,817
Accumulated Amortization	15,991	14,366
Amortized Intangible Assets, Net	$ 14,920	$ 15,451
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	4 years 9 months 18 days	5 years 1 month 6 days
Gross Carrying Amount	$ 82,653	$ 81,753
Accumulated Amortization	63,558	59,473
Amortized Intangible Assets, Net	$ 19,095	$ 22,280
Non-Compete [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	1 year 1 month 6 days	1 year 7 months 6 days
Gross Carrying Amount	$ 256	$ 238
Accumulated Amortization	203	176
Amortized Intangible Assets, Net	$ 53	$ 62
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	5 years	5 years 9 months 18 days
Gross Carrying Amount	$ 650	$ 650
Accumulated Amortization	186	116
Amortized Intangible Assets, Net	$ 464	$ 534

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024
Finite-Lived Intangible Assets [Line Items]
Amortization of trade names, customer lists, and patent	$ 1,900	$ 1,900	$ 5,807	$ 5,830
Goodwill acquired			$ 0		$ 2,530
Eagle and Diamond [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired					$ 2,500

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Estimated Amortization Expense (Detail) $ in Thousands	Nov. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 1,981
2026	7,158
2027	6,066
2028	4,569
2029	3,934
2030	$ 2,719

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, 2024	Feb. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Beginning balance	$ 94,349	$ 91,819
Goodwill acquired	0	2,530
Goodwill, Ending balance	$ 94,349	$ 94,349

Accrued Expenses - Components o

Accrued Expenses - Components of Accrued Expenses (Detail) - USD ($) $ in Thousands	Nov. 30, 2024	Feb. 29, 2024
Payables and Accruals [Abstract]
Employee compensation and benefits	$ 11,507	$ 13,714
Taxes other than income	1,561	1,341
Accrued legal and professional fees	522	510
Accrued utilities	108	108
Accrued acquisition related obligations	0	200
Income taxes payable	654	626
Other accrued expenses	1,226	1,042
Accrued expenses, Total	$ 15,578	$ 17,541

Credit Facility - Additional In

Credit Facility - Additional Information (Detail) $ in Millions	Nov. 30, 2024 USD ($)
Third Amendment [Member] | Standby Letters of Credit [Member]
Line of Credit Facility [Line Items]
Long-term debt	$ 0.3

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended		193 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase of common stock	0	0	40	0	2,334,344
Repurchase of common stock, average cost per share			$ 22.62		$ 16.47
Total remaining amount available to repurchase of shares			$ 21.5
Payments of dividends	$ 72.3
Special dividend per share	$ 2.5
Stock Repurchase Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase of common stock			91,883
Repurchase of common stock, average cost per share			$ 19.79
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, authorized aggregate amount	$ 60		$ 60		$ 60

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		9 Months Ended
		Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	Apr. 16, 2021
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense related stock based compensation before tax		$ 0.9	$ 0.7	$ 3.3	$ 2
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
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.
Restricted Stock [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				1 year 10 months 24 days
Restricted stock units granted				19,880
Performance-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation cost		3.2		$ 3.2
Weighted average remaining requisite service period				2 years 4 months 24 days
Restricted stock units granted	[1]			238,494
Time-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation cost		1.6		$ 1.6
Weighted average remaining requisite service period				2 years 4 months 24 days
Restricted stock units granted	[1]			122,303
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation cost		$ 0.1		$ 0.1
Weighted average remaining requisite service period				1 year 4 months 24 days
2021 Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unissued common stock reserved		227,940		227,940
Number of shares authorized						1,033,648
2021 Long-Term Incentive Plan [Member] | Performance-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted				183,457
2021 Long-Term Incentive Plan [Member] | Time-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted				122,303
2021 Long-Term Incentive Plan [Member] | Fair Value Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value, Granted				$ 19.97
2021 Long-Term Incentive Plan [Member] | Fair Value Time Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value, Granted				$ 19.43
[1] The number of shares of time-based grants may, upon vesting, convert 50 % into common stock and the remaining 50 % into two incentive stock options for each RSU with an exercise price equal to the closing price of the Company's stock on that date for employees who have not met their stock ownership requirements. The number of shares of performance-based grants includes an estimate 55,037 of additional RSUs at the maximum achievement level of 130 % of target payout. Actual shares that may be issued can range from 0 % to 130 % of target.

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Stock Option Activity (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Nov. 30, 2024	Feb. 29, 2024
Share-Based Payment Arrangement [Abstract]
Number of Shares, Options Outstanding, Beginning Balance	52,500
Number of Shares, Granted	0
Number of Shares, Terminated	(2,500)
Number of Shares, Exercised	(8,749)
Number of Shares, Options Outstanding, Ending Balance	41,251	52,500
Number of Shares, Exercisable	7,915
Weighted Average Exercise Price, Beginning Balance	$ 19.88
Weighted Average Exercise Price, Granted	0
Weighted Average Exercise Price, Terminated	19.88
Weighted Average Exercise Price, Exercised	19.88
Weighted Average Exercise Price, Ending Balance	19.88	$ 19.88
Weighted Average Exercise Price, Exercisable	$ 19.88
Weighted Average Remaining Contractual Life (in years), Outstanding	8 years 4 months 24 days	10 years
Weighted Average Remaining Contractual Life (in years), Exercisable	8 years 4 months 24 days
Aggregate intrinsic value, Outstanding	$ 59,800
Aggregate Intrinsic Value, Exercisable	$ 11,500

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Unvested Stock Options (Detail)	9 Months Ended
	Nov. 30, 2024 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Unvested Beginning Balance, Number of Options | shares	52,500
Unvested Begining Balance, Weighted Average Grant Date Fair Value | $ / shares	$ 2.47
Number of stock options granted | shares	0
New grants, Weighted Average Grant Date Fair Value | $ / shares	$ 0
Vested, Number of Shares | shares	(17,497)
Vested, Weighted Average Grant Date Fair Value | $ / shares	$ 2.47
Forfeited, Number of Shares | shares	(1,667)
Forfeited, Weighted Average Grant Date Fair Value | $ / shares	$ 2.47
Unvested Ending Balance, Number of Options | shares	33,336
Unvested Ending Balance, Weighted Average Grant Date Fair Value | $ / shares	$ 2.47

Stock Based Compensation - Su_3

Stock Based Compensation - Summary of Restricted Stock Awards Activity (Detail) - Restricted Stock [Member]	9 Months Ended
	Nov. 30, 2024 $ / shares shares
Restricted stock grant activity
Outstanding at Beginning, Number of Shares | shares	42,131
Number of Shares, Granted | shares	19,880
Number of Shares, Terminated | shares	0
Number of Shares, Vested | shares	(20,344)
Outstanding at Ending, Number of Shares | shares	41,667
Outstanding at Beginning, Weighted Average Grant Date Fair value | $ / shares	$ 20.11
Weighted Average Grant Date Fair Value, Granted | $ / shares	23.24
Weighted Average Grant Date Fair Value, Terminated | $ / shares	0
Weighted Average Grant Date Fair Value, Vested | $ / shares	20.08
Outstanding at Ending, Weighted Average Grant Date Fair value | $ / shares	$ 21.61

Stock Based Compensation - Su_4

Stock Based Compensation - Summary of Restricted Stock Units Activity (Detail)	9 Months Ended
	Nov. 30, 2024 $ / shares shares
Time-based RSUs [Member]
Restricted stock unit activity
Outstanding at Beginning, Number of Shares	16,639
Number of Shares, Granted	122,303	[1]
Number of Shares, Change due to vested performance achievement	0
Number of Shares, Terminated	0
Number of Shares, Vested	(16,639)
Outstanding at Ending, Number of Shares	122,303
Outstanding at Beginning, Weighted Average Grant Date Fair value | $ / shares	$ 20.11
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 19.43	[1]
Weighted Average Grant Date Fair Value, Change due to vested performance achievement	0
Weighted Average Grant Date Fair Value, Terminated | $ / shares	$ 0
Weighted Average Grant Date Fair Value, Vested | $ / shares	20.11
Outstanding at Ending, Weighted Average Grant Date Fair value | $ / shares	$ 19.43
Performance-based RSUs [Member]
Restricted stock unit activity
Outstanding at Beginning, Number of Shares	152,572
Number of Shares, Granted	238,494	[1]
Number of Shares, Change due to vested performance achievement	61,337
Number of Shares, Terminated	0
Number of Shares, Vested	(213,909)
Outstanding at Ending, Number of Shares	238,494
Outstanding at Beginning, Weighted Average Grant Date Fair value | $ / shares	$ 23.17
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 19.97	[1]
Weighted Average Grant Date Fair Value, Change due to vested performance achievement	0
Weighted Average Grant Date Fair Value, Terminated | $ / shares	$ 0
Weighted Average Grant Date Fair Value, Vested | $ / shares	22.72
Outstanding at Ending, Weighted Average Grant Date Fair value | $ / shares	$ 19.97
[1] The number of shares of time-based grants may, upon vesting, convert 50 % into common stock and the remaining 50 % into two incentive stock options for each RSU with an exercise price equal to the closing price of the Company's stock on that date for employees who have not met their stock ownership requirements. The number of shares of performance-based grants includes an estimate 55,037 of additional RSUs at the maximum achievement level of 130 % of target payout. Actual shares that may be issued can range from 0 % to 130 % of target.

Stock Based Compensation - Su_5

Stock Based Compensation - Summary of Restricted Stock Units Activity (Parenthetical) (Detail)	9 Months Ended
	Nov. 30, 2024 shares
Time Based Restricted Stock Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Percenatge of conversion of shares granted into common stock	50%
Percenatge of conversion of shares granted into incentive stock options	50%
Performance-based RSUs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Additional Restricted stock units granted	55,037
Target award percentage	130%
Maximum [Member] | Performance-based RSUs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target award percentage	130%
Minimum [Member] | Performance-based RSUs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target award percentage	0%

Pension Plan - Additional Infor

Pension Plan - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Nov. 30, 2024	Feb. 29, 2024
Defined Benefit Plan Disclosure [Line Items]
Employees covered under noncontributory Pension Plan	12%
Compensation period preceding retirement and termination	5 years
Period used for calculating Pension Plan liability	25 years
Contribution to avoid a Pension Benefit Guaranty Corporation variable premium	$ 1.2	$ 1.2
Unfunded pension liability	0.1
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contributions	1
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contributions	$ 3

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, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Components of net periodic benefit cost
Service cost	$ 166	$ 168	$ 498	$ 504
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Operating Income (Loss)	Operating Income (Loss)	Operating Income (Loss)	Operating Income (Loss)
Interest cost	$ 649	$ 614	$ 1,947	$ 1,841
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Operating Income (Loss)	Operating Income (Loss)	Operating Income (Loss)	Operating Income (Loss)
Expected return on plan assets	$ (755)	$ (776)	$ (2,265)	$ (2,328)
Amortization of:
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Operating Income (Loss)	Operating Income (Loss)	Operating Income (Loss)	Operating Income (Loss)
Unrecognized net loss	$ 436	$ 474	$ 1,308	$ 1,422
Net periodic benefit cost	$ 496	$ 480	$ 1,488	$ 1,439

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, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	26,013,892	25,894,578	26,028,596	25,826,691
Effect of dilutive stock options, restricted stock, time-based RSUs and performance-based RSUs	75,065	188,723	163,412	164,876
Diluted weighted average common shares outstanding	26,088,957	26,083,301	26,192,008	25,991,567
Earnings per share
Net earnings - basic	$ 0.39	$ 0.38	$ 1.2	$ 1.26
Net earnings - diluted	0.39	0.38	1.19	1.25
Cash dividends per share	$ 2.75	$ 0.25	$ 3.25	$ 0.75

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Undistributed earnings			$ 0
Options outstanding	41,251		41,251		52,500
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	49,787	52,500	41,251	52,500

Concentrations of Risk - Additi

Concentrations of Risk - Additional Information (Detail)	Nov. 30, 2024 USD ($)
Concentration Risk [Line Items]
Cash balances not federally insured	$ 55,200,000
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	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024
Related Party Transaction [Line Items]
Operating lease right-of-use assets	$ 11,124		$ 11,124		$ 9,827
Operating lease liability	10,825		10,825
Operating lease cost	1,412	$ 1,390	4,148	$ 4,241
Integrated Print & Graphics (Integrated) [Member]
Related Party Transaction [Line Items]
Operating lease right-of-use assets	100	500	100	500
Operating lease liability	100	500	100	500
Operating lease cost	100	100	400	300
Sales received from lease	$ 800	$ 800	$ 2,200	$ 2,400

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	27.50%	28.30%
Payment for income taxes	$ 12.2	$ 16.2

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - Subsequent Event [Member] $ / shares in Units, $ in Millions	Dec. 19, 2024 USD ($) $ / shares
Subsequent Event [Line Items]
Expected payout of dividend | $	$ 6.5
O2024Q3 Dividends [Member]
Subsequent Event [Line Items]
Dividends payable, date declared	Dec. 19, 2024
Dividend payable per share | $ / shares	$ 0.25
Dividend payable date	Feb. 06, 2025
Dividend payable, date of record	Jan. 09, 2025