Ennis (EBF) 10-Q 29 Sep 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 31, 2015	Sep. 25, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	EBF
Entity Registrant Name	ENNIS, INC.
Entity Central Index Key	33,002
Current Fiscal Year End Date	--02-28
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		25,811,026

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2015	Feb. 28, 2015
Current assets
Cash	$ 18,851	$ 15,346
Accounts receivable, net of allowance for doubtful receivables of $3,448 at August 31, 2015 and $3,559 at February 28, 2015	62,012	62,865
Prepaid expenses	5,649	8,853
Prepaid income taxes	2,119	3,198
Inventories	97,838	119,814
Deferred income taxes	6,272	6,272
Assets held for sale	194	194
Total current assets	192,935	216,542
Property, plant and equipment, at cost
Plant, machinery and equipment	168,263	166,890
Land and buildings	80,502	83,283
Other	23,621	23,574
Total property, plant and equipment	272,386	273,747
Less accumulated depreciation	185,357	180,872
Net property, plant and equipment	87,029	92,875
Goodwill	64,537	64,489
Trademarks and trade names	28,591	28,591
Other intangible assets, net	45,504	47,636
Deferred finance charges, net	149	224
Other assets	2,564	2,905
Total assets	421,309	453,262
Current liabilities
Accounts payable	24,760	21,275
Accrued expenses
Employee compensation and benefits	14,864	15,964
Taxes other than income	1,176	656
Income taxes payable	866
Other	2,913	2,352
Total current liabilities	44,579	40,247
Long-term debt	63,000	106,500
Liability for pension benefits	10,955	9,852
Deferred income taxes	8,242	10,248
Other liabilities	1,266	1,735
Total liabilities	$ 128,042	$ 168,582
Commitments and contingencies
Shareholders' equity
Preferred stock $10 par value, authorized 1,000,000 shares; none issued
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at August 31 and February 28, 2015	$ 75,134	$ 75,134
Additional paid-in capital	120,992	121,687
Retained earnings	199,618	188,413
Accumulated other comprehensive income (loss):
Foreign currency translation, net of taxes	(7,902)	(4,627)
Minimum pension liability, net of taxes	(17,570)	(17,570)
Total accumulated other comprehensive income (loss)	(25,472)	(22,197)
Treasury stock	(77,005)	(78,357)
Total shareholders' equity	293,267	284,680
Total liabilities and shareholders' equity	$ 421,309	$ 453,262

Unaudited Consolidated Balance3

Unaudited Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 31, 2015	Feb. 28, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful receivables	$ 3,448	$ 3,559
Preferred stock, par value	$ 10	$ 10
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 2.50	$ 2.50
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	30,053,443	30,053,443

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Income Statement [Abstract]
Net sales	$ 150,761	$ 151,841	$ 301,337	$ 293,027
Cost of goods sold	110,131	113,653	223,163	219,451
Gross profit margin	40,630	38,188	78,174	73,576
Selling, general and administrative	23,448	21,824	46,122	43,619
Gain from disposal of assets	(8)	(3)	(10)	(4)
Income from operations	17,190	16,367	32,062	29,961
Other income (expense)
Interest expense	(382)	(525)	(860)	(1,027)
Other, net	724	57	888	(286)
Total other expense	342	(468)	28	(1,313)
Earnings before income taxes	17,532	15,899	32,090	28,648
Provision for income taxes	6,486	5,883	11,873	10,600
Net earnings	$ 11,046	$ 10,016	$ 20,217	$ 18,048
Weighted average common shares outstanding
Basic	25,662,828	25,990,496	25,636,203	25,991,444
Diluted	25,693,256	26,002,701	25,657,519	26,004,549
Per share amounts
Net earnings - basic	$ 0.43	$ 0.39	$ 0.79	$ 0.69
Net earnings - diluted	0.43	0.39	0.79	0.69
Cash dividends per share	$ 0.175	$ 0.175	$ 0.350	$ 0.350

Unaudited Consolidated Stateme5

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Statement of Comprehensive Income [Abstract]
Net earnings	$ 11,046	$ 10,016	$ 20,217	$ 18,048
Foreign currency translation adjustment, net of deferred taxes	(2,611)	(445)	(3,275)	535
Comprehensive income	$ 8,435	$ 9,571	$ 16,942	$ 18,583

Unaudited Consolidated Stateme6

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Cash flows from operating activities:
Net earnings	$ 20,217	$ 18,048
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	5,594	5,221
Amortization of deferred finance charges	75	75
Amortization of trade names, customer lists, and patent	2,990	2,836
Gain from disposal of assets	(10)	(4)
Bad debt expense	614	231
Stock based compensation	657	685
Deferred income taxes	9
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable	80	(1,016)
Prepaid expenses	3,605	(887)
Inventories	21,678	5,695
Other assets	342	(45)
Accounts payable and accrued expenses	4,190	882
Other liabilities	(469)	70
Liability for pension benefits	1,103	547
Net cash provided by operating activities	60,675	32,338
Cash flows from investing activities:
Capital expenditures	(2,520)	(927)
Purchase of businesses, net of cash acquired	(331)	(10,500)
Proceeds from disposal of plant and property	27	13
Net cash used in investing activities	(2,824)	(11,414)
Cash flows from financing activities:
Borrowings on debt		11,000
Repayment of debt	(43,500)	(12,500)
Dividends	(9,012)	(9,141)
Purchase of treasury stock		(2,051)
Proceeds from exercise of stock options		54
Net cash used in financing activities	(52,512)	(12,638)
Effect of exchange rate changes on cash	(1,834)	180
Net change in cash	3,505	8,466
Cash at beginning of period	15,346	5,316
Cash at end of period	$ 18,851	$ 13,782

Significant Accounting Policies

Significant Accounting Policies and General Matters	6 Months Ended
	Aug. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies and General Matters	1. Significant Accounting Policies and General Matters Basis of Presentation These unaudited consolidated financial statements of Ennis, Inc. and its subsidiaries (collectively referred to as the “Company,” “Registrant,” “Ennis,” or “we,” “us,” or “our”) for the period ended August 31, 2015 have been prepared in accordance with generally accepted accounting principles for interim financial reporting. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended February 28, 2015, from which the accompanying consolidated balance sheet at February 28, 2015 was derived. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the interim financial information have been included and are of a normal recurring nature. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the disclosure and reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company evaluates these estimates and judgments on an ongoing basis, including those related to bad debts, inventory valuations, property, plant and equipment, intangible assets, pension plan, accrued liabilities, and income taxes. The Company bases estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances. The results of operations for any interim period are not necessarily indicative of the results of operations for a full year. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-09, “ Revenue from Contracts with Customers (Topic 606)

Accounts Receivable and Allowan

Accounts Receivable and Allowance for Doubtful Receivables	6 Months Ended
	Aug. 31, 2015
Receivables [Abstract]
Accounts Receivable and Allowance for Doubtful Receivables	2. Accounts Receivable and Allowance for Doubtful Receivables Accounts receivable are reduced by an allowance for an estimate of amounts that are uncollectible. Substantially all of the Company’s receivables are due from customers in 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 doubtful receivables 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 doubtful receivables (in thousands): Three months ended August 31, Six months ended August 31, 2015 2014 2015 2014 Balance at beginning of period $ 3,717 $ 3,718 $ 3,559 $ 3,672 Bad debt expense 307 87 614 231 Recoveries 11 8 35 19 Accounts written off (587 ) (229 ) (760 ) (338 ) Balance at end of period $ 3,448 $ 3,584 $ 3,448 $ 3,584

Inventories

Inventories	6 Months Ended
	Aug. 31, 2015
Inventory Disclosure [Abstract]
Inventories	3. Inventories The Company uses the lower of last-in, first-out (LIFO) cost or market to value certain of its business forms inventories and the lower of first-in, first-out (FIFO) cost or market to value its remaining forms and apparel inventories. The Company regularly reviews inventories on hand, using specific aging categories, and writes down the carrying value of its inventories for excess and potentially obsolete inventories based on historical usage and estimated future usage. In assessing the ultimate realization of its inventories, the Company is required to make judgments as to future demand requirements. As actual future demand or market conditions may vary from those projected by the Company, adjustments to inventories may be required. The following table summarizes the components of inventories at the different stages of production as of the dates indicated (in thousands): August 31, February 28, 2015 2015 Raw material $ 19,488 $ 18,153 Work-in-process 9,091 7,195 Finished goods 69,259 94,466 $ 97,838 $ 119,814

Acquisitions

Acquisitions	6 Months Ended
	Aug. 31, 2015
Business Combinations [Abstract]
Acquisitions	4. Acquisitions On July 31, 2015, the Company acquired the assets of CMC Group, Inc. for $0.3 million in cash plus the assumption of certain accrued liabilities. Management considers this acquisition immaterial and has omitted further discussion. On December 31, 2014, the Company completed the acquisition of Kay Toledo Tag and Special Service Partners and their related entities (collectively “Kay Toledo”) for $16.2 million, in a stock purchase transaction. An additional $1.0 million is available to be paid to the sellers over the next 3 years under an earn-out provision if certain financial metrics are achieved. The goodwill recognized as a part of this acquisition is not tax deductible. Kay Toledo has locations in Toledo, Ohio and Neenah, Wisconsin through Special Service Partners. Experts in digital printing and customer short-run printing, Kay Toledo produces tags, labels, tickets and commercial printing. Kay Toledo, which generated approximately $25.0 million in unaudited sales during calendar year 2014, will continue to operate under its respective brand names. For the three and six months ended August 31, 2015, Kay Toledo added $6.6 million and $12.8 million, respectively, in sales and $1.0 million and $1.9 million, respectively, in earnings (pre-tax). The acquisition expands and strengthens the tag and label operations of the Company. The following is a summary of the purchase price allocations for Kay Toledo (in thousands): Accounts receivable $ 1,872 Inventories 2,168 Property, plant & equipment 9,218 Customer lists 2,813 Trade names 1,690 Goodwill 4,249 Accounts payable and accrued liabilities (1,120 ) Deferred taxes (4,652 ) $ 16,238 On October 3, 2014, the Company acquired the assets of Hoosier Data Forms for $0.2 million in cash plus the assumption of certain trade payables. Management considers this acquisition immaterial and has omitted further discussion. On June 16, 2014, the Company acquired the assets of Sovereign Business Forms, and its related entities, TRI-C Business Forms, Inc., Falcon Business Forms, Inc., Forms Manufacturers, Inc., Mutual Graphics, Inc., and Curtis Business Forms, Inc. (collectively “Sovereign”) for $10.6 million in cash plus the assumption of certain trade liabilities. In addition, if certain financial metrics are met, up to an additional $1.0 million is available to be paid to the sellers over the next 4 years under an earn-out provision. The goodwill generated in this acquisition is tax deductible. The cash portion of the purchase price was funded by borrowing under the Company’s line of credit facility. Sovereign, which generated approximately $27.1 million in unaudited sales during the 2013 calendar year, will continue to operate under its respective brand names. For the three and six months ended August 31, 2015, Sovereign added $6.7 million and $12.9 million, respectively, in sales and $1.1 million and $2.1 million, respectively, in earnings (pre-tax). The acquisition expanded the geographic locations of producing business forms for the Company. The following is a summary of the purchase price allocations for Sovereign (in thousands): Accounts receivable $ 2,477 Inventories 1,305 Other assets 653 Property, plant & equipment 3,300 Customer lists 1,550 Trade names 1,403 Goodwill 993 Accounts payable and accrued liabilities (1,048 ) $ 10,633 The results of operations for Sovereign and Kay Toledo are included in the Company’s consolidated financial statements from the dates of acquisition. The following table represents certain operating information on a pro forma basis as though all operations had been acquired as of March 1, 2014, after the estimated impact of adjustments such as amortization of intangible assets, interest expense, interest income, and related tax effects (in thousands, except per share amounts): Three months ended Six months ended Pro forma net sales $ 158,790 $ 312,737 Pro forma net earnings 10,011 18,546 Pro forma earnings per share - diluted 0.39 0.71 The pro forma results are not necessarily indicative of what would have occurred if the acquisitions had been in effect for the periods presented.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Aug. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	5. Goodwill and Other 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 indefinite-lived intangibles are evaluated for impairment on an annual basis as of November 30 of each year, or more frequently if impairment indicators arise, using a fair-value-based test that compares the fair value of the asset to its carrying value. Goodwill and other intangible assets are tested for impairment at a reporting unit level, which the Company has determined is at the Print Segment and Apparel Segment level. The impairment test for goodwill uses a two-step approach. Step one compares the fair value of the reporting unit to which goodwill is assigned to its carrying amount. If the carrying amount exceeds its estimated value, a potential impairment is indicated and step two is performed. Step two compares the carrying amount of the reporting unit’s goodwill to its implied fair value. In calculating the implied fair value of reporting unit goodwill, the fair value of the reporting unit is allocated to all of the assets and liabilities, including unrecognized intangible assets of that reporting unit based on their fair values, similar to the allocation that occurs in a business combination. The excess of the fair value of a reporting unit over the amount assigned to its other assets and liabilities is the implied fair value of goodwill. If the carrying value of goodwill exceeds its implied fair value, an impairment charge is recognized in an amount equal to that excess. If the implied fair value of goodwill exceeds the carrying amount, goodwill is not impaired. The Company must make assumptions regarding estimated future cash flows and other factors to determine the fair value of the respective assets in assessing the recoverability of its goodwill and other intangibles. If these estimates or the related assumptions change, the Company may be required to record additional impairment charges relating to these assets in the future. The cost of intangible assets is based on fair values at the date of acquisition. Intangible assets with determinable lives are amortized on a straight-line basis over their estimated useful life (between 1 and 15 years). Trademarks and trade names with indefinite lives are evaluated for impairment on an annual basis, or more frequently if impairment indicators arise. The Company assesses the recoverability of its definite-lived intangible assets primarily based on its current and anticipated future undiscounted cash flows. The carrying amount and accumulated amortization of the Company’s intangible assets at each balance sheet date are as follows (in thousands): As of August 31, 2015 Weighted (in years) Gross Accumulated Net Amortized intangible assets Trade names — $ 1,234 $ 1,234 $ — Customer lists 9.1 75,518 30,399 45,119 Noncompete 2.3 75 17 58 Patent 2.5 783 456 327 Total 9.1 $ 77,610 $ 32,106 $ 45,504 As of February 28, 2015 Weighted Average Remaining Life (in years) Gross Carrying Accumulated Net Amortized intangible assets Trade names — $ 1,234 $ 1,234 $ — Customer lists 9.6 74,670 27,486 47,184 Noncompete 2.8 75 4 71 Patent 3.0 773 392 381 Total 9.5 $ 76,752 $ 29,116 $ 47,636 August 31, 2015 February 28, 2015 Non-amortizing intangible assets Trademarks and trade names $ 28,591 $ 28,591 Amortizing and non-amortizing intangible assets by segment as of the date indicated are as follows (in thousands): August 31, 2015 Category Print Apparel Total Amortizing intangibles, net $ 39,271 $ 6,233 $ 45,504 Non-amortizing intangibles 15,291 13,300 28,591 Total $ 54,562 $ 19,533 $ 74,095 February 28, 2015 Category Print Apparel Total Amortizing intangibles, net $ 40,670 $ 6,966 $ 47,636 Non-amortizing intangibles 15,291 13,300 28,591 Total $ 55,961 $ 20,266 $ 76,227 Aggregate amortization expense for the six months ended August 31, 2015 and August 31, 2014 was $3.0 million ($2.3 million – Print and $0.7 million – Apparel) and $2.8 million ($2.1 million – Print and $0.7 million – Apparel), respectively. The Company’s estimated amortization expense for the next five fiscal years ending in February of the stated calendar year is as follows (in thousands): Print Apparel Total 2017 $ 4,666 $ 1,467 $ 6,133 2018 4,452 1,467 5,919 2019 3,935 1,467 5,402 2020 3,847 1,099 4,946 2021 3,778 — 3,778 Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands): Print Apparel Segment Segment Total Balance as of March 1, 2014 $ 59,284 $ 55,923 $ 115,207 Goodwill acquired 5,205 — 5,205 Goodwill impairment — (55,923 ) (55,923 ) Balance as of February 28, 2015 64,489 — 64,489 Goodwill acquired 48 — 48 Goodwill impairment — — — Balance as of August 31, 2015 $ 64,537 $ — $ 64,537 During the fiscal year ended February 28, 2015, $12,000 was added to goodwill related to the adjustment of the fair values of certain Wisco assets, $945,000 was added to goodwill related to the acquisition of Sovereign, $4.2 million was added to goodwill related to the acquisition of Kay Toledo, and an adjustment of ($55.9 million) reflects an impairment charge related to goodwill recorded in the Apparel segment. During the six months ended August 31, 2015, $48,000 was added to goodwill related to the acquisition of Sovereign.

Other Accrued Expenses

Other Accrued Expenses	6 Months Ended
	Aug. 31, 2015
Text Block [Abstract]
Other Accrued Expenses	6. Other Accrued Expenses The following table summarizes the components of other accrued expenses as of the dates indicated (in thousands): August 31, February 28, 2015 2015 Accrued taxes $ 156 $ 380 Accrued legal and professional fees 569 558 Accrued interest 231 425 Accrued utilities 112 131 Accrued acquisition related obligations 672 127 Accrued credit card fees 319 277 Other accrued expenses 854 454 $ 2,913 $ 2,352

Long-Term Debt

Long-Term Debt	6 Months Ended
	Aug. 31, 2015
Debt Disclosure [Abstract]
Long-Term Debt	7. Long-Term Debt Long-term debt consisted of the following as of the dates indicated (in thousands): August 31, February 28, 2015 2015 Revolving credit facility $ 63,000 $ 106,500 On September 19, 2013, the Company entered into the Third Amendment and Consent to Second Amended and Restated Credit Agreement (the “Agreement”) with a syndicate of lenders led by Bank of America, N.A. (the “Facility”). The Amendment amends and restates the financial covenant relating to Minimum Tangible Net Worth. The amended covenant requires a Minimum Tangible Net Worth of $100.0 million, with step-ups equal to 25% of consolidated net income. The Facility provides the Company access to $150.0 million in revolving credit, which the Company may increase to $200.0 million in certain circumstances, and matures on August 18, 2016. During the period the Company has received a binding commitment from its primary lender to extend the maturity date on the above Facility to September 18, 2017 for an amount in excess of the amount outstanding under the same terms and conditions. As a result of this agreement, the Company’s debt is classified as long-term. The Facility bears interest at the London Interbank Offered Rate (“LIBOR”) plus a spread ranging from 1.0% to 2.25% (LIBOR + 1.5% or 1.7% at August 31, 2015 and 1.7% at August 31, 2014), depending on the Company’s ratio of total funded debt to the sum of net earnings plus interest, tax, depreciation and amortization (“EBITDA”). As of August 31, 2015, the Company had $63.0 million of borrowings under the revolving credit line and $2.8 million outstanding under standby letters of credit arrangements, leaving the Company availability of approximately $84.2 million. The Facility contains financial covenants, including restrictions on capital expenditures, acquisitions, asset dispositions, and additional debt, as well as other customary covenants, such as a minimum tangible equity level and the total funded debt to EBITDA ratio. The Company was in compliance with these covenants as of August 31, 2015. The Facility is secured by substantially all of the Company’s domestic assets as well as all capital securities of each of the Company’s U.S. subsidiaries and 65% of all capital securities of each of the Company’s direct foreign subsidiaries.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Aug. 31, 2015
Equity [Abstract]
Shareholders' Equity	8. Shareholders’ Equity Changes in shareholders’ equity accounts for the six months ended August 31, 2015 are as follows (in thousands, except share amounts): Common Stock Additional Retained Accumulated Treasury Stock Shares Amount Capital Earnings Income (Loss) Shares Amount Total Balance March 1, 2015 30,053,443 $ 75,134 $ 121,687 $ 188,413 $ (22,197 ) (4,514,905 ) $ (78,357 ) $ 284,680 Net earnings — — — 20,217 — — — 20,217 Foreign currency translation, net of deferred tax of $2,006 — — — — (3,275 ) — — (3,275 ) Dividends paid ($.35 per share) — — — (9,012 ) — — — (9,012 ) Stock based compensation — — 657 — — — — 657 Exercise of stock options and restricted stock grants — — (1,352 ) — — 77,900 1,352 — Balance August 31, 2015 30,053,443 $ 75,134 $ 120,992 $ 199,618 $ (25,472 ) (4,437,005 ) $ (77,005 ) $ 293,267 On October 20, 2008, the Board of Directors authorized the repurchase of up to $5.0 million of the common stock through a stock repurchase program. Under the Board-approved repurchase program, share 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. The Board increased the authorized amount available to repurchase the Company’s shares by an additional $5.0 million on April 20, 2012 and by another $10.0 million on December 19, 2014. There were no repurchases of common stock during the six months ended August 31, 2015 and have been 718,511 common shares repurchased under the program since its inception at an average price of $13.74 per share. There is currently $10.1 million available to repurchase the Company’s common stock under the program.

Stock Option Plan and Stock Bas

Stock Option Plan and Stock Based Compensation	6 Months Ended
	Aug. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Plan and Stock Based Compensation	9. Stock Option Plan and Stock Based Compensation The Company grants stock options and restricted stock to key executives and managerial employees and non-employee directors. At August 31, 2015, the Company had one stock option plan, the 2004 Long-Term Incentive Plan of Ennis, Inc., as amended and restated as of June 30, 2011, formerly the 1998 Option and Restricted Stock Plan amended and restated as of May 14, 2008 (the “Plan”). The Company has 638,693 shares of unissued common stock reserved under the Plan for issuance as of August 31, 2015. The exercise price of each stock option granted under the Plan equals a referenced price of the Company’s common stock as reported on the New York Stock Exchange on the date of grant, and an option’s maximum term is ten years. Stock options and restricted stock may be granted at different times during the year and vest ratably over various periods, from grant date up to five years. The Company uses treasury stock to satisfy option exercises and restricted stock awards. The Company recognizes compensation expense for stock options and restricted stock grants on a straight-line basis over the requisite service period. For the three months ended August 31, 2015 and August 31, 2014, the Company included compensation expense related to share-based compensation in selling, general and administrative expenses, compensation expense of $0.4 million ($0.2 million net of tax), and $0.3 million ($0.2 million net of tax), respectively. For the six months ended August 31, 2015 and August 31, 2014, the Company included compensation expense related to share-based compensation of $0.7 million ($0.4 million net of tax), and $0.7 million ($0.4 million net of tax), respectively, in selling, general and administrative expenses. Stock Options The Company had the following stock option activity for the six months ended August 31, 2015: Number of Shares (exact quantity) Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Aggregate Intrinsic Value(a) (in thousands) Outstanding at March 1, 2015 374,823 $ 15.95 5.7 $ 210 Granted 43,426 13.69 Terminated (20,000 ) 16.42 Exercised — — Outstanding at August 31, 2015 398,249 $ 15.68 6.0 $ 587 Exercisable at August 31, 2015 321,824 $ 16.00 5.2 $ 433 (a) Intrinsic value is measured as the excess fair market value of the Company’s common stock as reported on the New York Stock Exchange over the applicable exercise price. The following is a summary of the assumptions used and the weighted average grant-date fair value of the stock options granted during the six months ended August 31, 2015 and August 31, 2014: August 31, 2015 2014 Expected volatility 24.06% 29.25% Expected term (years) 3 3 Risk free interest rate 0.89% 0.91% Dividend yield 4.92% 4.11% Weighted average grant-date fair value $2.24 $2.70 A summary of the stock options exercised and tax benefits realized from stock based compensation is presented below (in thousands): Three months ended August 31, Six months ended August 31, 2015 2014 2015 2014 Total cash received $ — $ — $ — $ 54 Income tax benefits — — — — Total grant-date fair value — — — 9 Intrinsic value — — — 36 A summary of the status of the Company’s unvested stock options at August 31, 2015 and the changes during the six months ended August 31, 2015 are presented below: Number Weighted Unvested at March 1, 2015 79,760 $ 2.51 New grants 43,426 2.24 Vested (46,761 ) 2.58 Forfeited — — Unvested at August 31, 2015 76,425 $ 2.32 As of August 31, 2015, 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 2.0 years. Restricted Stock The Company had the following restricted stock grant activity for the six months ended August 31, 2015: Number Weighted Outstanding at March 1, 2015 153,648 $ 15.30 Granted 113,648 13.69 Terminated — — Vested (77,900 ) 15.24 Outstanding at August 31, 2015 189,396 $ 14.36 As of August 31, 2015, the total remaining unrecognized compensation cost related to unvested restricted stock granted under the Plan was approximately $2.3 million. The weighted average remaining requisite service period of the unvested restricted stock awards was 2.1 years.

Pension Plan

Pension Plan	6 Months Ended
	Aug. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Pension Plan	10. Pension Plan The Company and certain subsidiaries have a noncontributory defined benefit retirement plan (the “Pension Plan”), covering approximately 8% of 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 Six months ended 2015 2014 2015 2014 Components of net periodic benefit cost Service cost $ 326 $ 280 $ 651 $ 561 Interest cost 592 612 1,184 1,224 Expected return on plan assets (982 ) (964 ) (1,964 ) (1,928 ) Amortization of: Prior service cost (22 ) (36 ) (43 ) (72 ) Unrecognized net loss 637 381 1,275 762 Net periodic benefit cost $ 551 $ 273 $ 1,103 $ 547 The Company is required to make contributions to the Pension Plan. These contributions are required under the minimum funding requirements of ERISA. Due to the enactment of the Highway and Transportation Act (HAFTA) in August 2014, plan sponsors can calculate the discount rate used to measure the Pension Plan liability using a 25-year average of interest rates plus or minus a corridor. The Company’s minimum required contribution to the Pension Plan is zero for the Pension Plan year ending February 29, 2016. However, the Company expects to make a cash contribution to the Pension Plan of between $2.0 million and $3.0 million during fiscal year 2016. The Company contributed $3.0 million to the Pension Plan during fiscal year 2015.

Earnings per Share

Earnings per Share	6 Months Ended
	Aug. 31, 2015
Earnings Per Share [Abstract]
Earnings per Share	11. Earnings per Share Basic earnings per share have been computed by dividing net earnings by the weighted average number of common shares outstanding during the applicable period. Diluted earnings per share reflect the potential dilution that could occur if stock options or other contracts to issue common shares were exercised or converted into common stock. For the three and six months ended August 31, 2015, 172,543 and 203,961 shares, respectively, related to stock options were not included in the diluted earnings per share computation because their exercise price exceeded the average fair market value of the Company’s stock. For the three and six months ended August 31, 2014, 332,823 and 296,668 shares, respectively, related to stock options were not included in the diluted earnings per share computation because their exercise price exceeded the average fair market value of the Company’s stock. The following table sets forth the computation for basic and diluted earnings per share for the periods indicated: Three months ended August 31, Six months ended August 31, 2015 2014 2015 2014 Basic weighted average common shares outstanding 25,662,828 25,990,496 25,636,203 25,991,444 Effect of dilutive options 30,428 12,205 21,316 13,105 Diluted weighted average common shares outstanding 25,693,256 26,002,701 25,657,519 26,004,549 Per share amounts: Net earnings – basic $ 0.43 $ 0.39 $ 0.79 $ 0.69 Net earnings – diluted $ 0.43 $ 0.39 $ 0.79 $ 0.69 Cash dividends $ 0.175 $ 0.175 $ 0.350 $ 0.350

Segment Information and Geograp

Segment Information and Geographic Information	6 Months Ended
	Aug. 31, 2015
Segment Reporting [Abstract]
Segment Information and Geographic Information	12. Segment Information and Geographic Information The Company operates in two segments–the Print Segment and the Apparel Segment. The Print Segment, which represented 67% and 65% of the Company’s consolidated net sales for the three and six months ended August 31, 2015, respectively, is in the business of manufacturing, designing, and selling business forms and other printed business products primarily to distributors located in the United States. The Print Segment operates 58 manufacturing plants throughout the United States in 22 strategically located states. Approximately 96% of the business products manufactured by the Print Segment are custom and semi-custom products, constructed in a wide variety of sizes, colors, number of parts and quantities on an individual job basis depending upon the customers’ specifications. The products sold include snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls and pressure sensitive products in short, medium and long runs under the following labels: Ennis ® ® ® ® SM ® ® ® ® ® ® ® SM ® TM ® SM SM SM SM SM ® ® ® ® SM ® SM SM ® ® ® ® ® ® The Print Segment sells predominantly through private printers and independent distributors. Northstar also sells direct to a small number of customers. Adams McClure sales are generally provided through advertising agencies. Assets in this segment increased in 2015 primarily as a result of the Company’s acquisition of Sovereign Business Forms, Kay Toledo Tag and SSP. The Apparel Segment, which represented for 33% and 35% of the Company’s consolidated net sales for the three and six months ended August 31, 2015, respectively, consists of Alstyle Apparel. This group is primarily engaged in the production and sale of activewear including T-shirts, fleece goods, and other wearables. Alstyle sales are seasonal, with sales in the first and second quarters generally being the highest. Substantially all of the Apparel Segment sales are to customers in the United States. Corporate information is included to reconcile segment data to the consolidated financial statements and includes assets and expenses related to the Company’s corporate headquarters and other administrative costs. Segment data for the three and six months ended August 31, 2015 and August 31, 2014 were as follows (in thousands): Print Apparel Corporate Consolidated Three months ended August 31, 2015: Net sales $ 100,455 $ 50,306 $ — $ 150,761 Depreciation 1,918 891 67 2,876 Amortization of identifiable intangibles 1,132 366 — 1,498 Segment earnings (loss) before income tax 18,463 3,387 (4,318 ) 17,532 Segment assets 243,351 153,922 24,036 421,309 Capital expenditures 1,169 118 14 1,301 Print Apparel Corporate Consolidated Three months ended August 31, 2014: Net sales $ 97,881 $ 53,960 $ — $ 151,841 Depreciation 1,627 945 67 2,639 Amortization of identifiable intangibles 1,053 366 — 1,419 Segment earnings (loss) before income tax 18,295 911 (3,307 ) 15,899 Segment assets 232,178 296,202 17,641 546,021 Capital expenditures 498 119 5 622 Six months ended August 31, 2015: Net sales $ 197,224 $ 104,113 $ — $ 301,337 Depreciation 3,664 1,796 134 5,594 Amortization of identifiable intangibles 2,257 733 — 2,990 Segment earnings (loss) before income tax 35,590 5,126 (8,626 ) 32,090 Segment assets 243,351 153,922 24,036 421,309 Capital expenditures 2,341 162 17 2,520 Six months ended August 31, 2014: Net sales $ 186,265 $ 106,762 $ — $ 293,027 Depreciation 3,191 1,896 134 5,221 Amortization of identifiable intangibles 2,103 733 — 2,836 Segment earnings (loss) before income tax 33,777 2,087 (7,216 ) 28,648 Segment assets 232,178 296,202 17,641 546,021 Capital expenditures 750 166 11 927 Identifiable long-lived assets by country include property, plant, and equipment, net of accumulated depreciation as well as intangible assets, net of accumulated amortization. The Company attributes revenues from external customers to individual geographic areas based on the country where the sale originated. Information about the Company’s operations in different geographic areas as of and for the three and six months ended is as follows (in thousands): United States Canada Mexico Total Three months ended August 31, 2015: Net sales to unaffiliated customers Print Segment $ 100,455 $ — $ — $ 100,455 Apparel Segment 45,242 4,747 317 50,306 $ 145,697 $ 4,747 $ 317 $ 150,761 As of August 31, 2015 Identifiable long-lived assets Print Segment $ 169,402 $ — $ — $ 169,402 Apparel Segment 19,607 51 33,170 52,828 Corporate 3,431 — — 3,431 $ 192,440 $ 51 $ 33,170 $ 225,661 United States Canada Mexico Total Three months ended August 31, 2014: Net sales to unaffiliated customers Print Segment $ 97,881 $ — $ — $ 97,881 Apparel Segment 47,962 5,364 634 53,960 $ 145,843 $ 5,364 $ 634 $ 151,841 As of August 31, 2014 Identifiable long-lived assets Print Segment $ 158,431 $ — $ — $ 158,431 Apparel Segment 114,437 64 42,505 157,006 Corporate 3,651 — — 3,651 $ 276,519 $ 64 $ 42,505 $ 319,088 Six months ended August 31, 2015: Net sales to unaffiliated customers Print Segment $ 197,224 $ — $ — $ 197,224 Apparel Segment 94,067 9,132 914 104,113 $ 291,291 $ 9,132 $ 914 $ 301,337 Six months ended August 31, 2014: Net sales to unaffiliated customers Print Segment $ 186,265 $ — $ — $ 186,265 Apparel Segment 95,964 9,991 807 106,762 $ 282,229 $ 9,991 $ 807 $ 293,027

Concentrations of Risk

Concentrations of Risk	6 Months Ended
	Aug. 31, 2015
Risks and Uncertainties [Abstract]
Concentrations of Risk	13. Concentrations of Risk Financial instruments that potentially subject the Company to a concentration of credit risk principally consist of cash and trade receivables. Cash is placed with high-credit quality financial institutions. The Company believes its credit risk with respect to trade receivables is limited due to industry and geographic diversification. As disclosed on the Consolidated Balance Sheets, the Company maintains an allowance for doubtful receivables to cover the Company’s estimate of credit losses associated with accounts receivable. The Company, for quality and pricing reasons, purchases its paper, cotton and yarn products from a limited number of suppliers. To maintain its high standard of color control associated with its apparel products, the Company purchases its dyeing chemicals from limited sources. While other sources may be available to the Company to purchase these products, they may not be available at the cost or at the quality the Company has come to expect. For the purposes of the Consolidated Statements of Cash Flows, the Company considers cash to include cash on hand and in bank accounts. The Federal Deposit Insurance Corporation (“FDIC”) insures accounts up to $250,000. At August 31, 2015, cash balances included $15.6 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, we cannot be assured that we will not experience losses on our deposits. At August 31, 2015, the Company had $0.7 million in Canadian bank accounts and $1.8 million in Mexican bank accounts.

Subsequent Events

Subsequent Events	6 Months Ended
	Aug. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On September 18, 2015, the Board of Directors of Ennis, Inc. declared a 17 1 2

Significant Accounting Polici21

Significant Accounting Policies and General Matters (Policies)	6 Months Ended
	Aug. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These unaudited consolidated financial statements of Ennis, Inc. and its subsidiaries (collectively referred to as the “Company,” “Registrant,” “Ennis,” or “we,” “us,” or “our”) for the period ended August 31, 2015 have been prepared in accordance with generally accepted accounting principles for interim financial reporting. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended February 28, 2015, from which the accompanying consolidated balance sheet at February 28, 2015 was derived. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the interim financial information have been included and are of a normal recurring nature. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the disclosure and reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company evaluates these estimates and judgments on an ongoing basis, including those related to bad debts, inventory valuations, property, plant and equipment, intangible assets, pension plan, accrued liabilities, and income taxes. The Company bases estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances. The results of operations for any interim period are not necessarily indicative of the results of operations for a full year.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-09, “ Revenue from Contracts with Customers (Topic 606)

Accounts Receivable and Allow22

Accounts Receivable and Allowance for Doubtful Receivables (Tables)	6 Months Ended
	Aug. 31, 2015
Receivables [Abstract]
Allowance for Doubtful Receivables	The following table presents the activity in the Company’s allowance for doubtful receivables (in thousands): Three months ended August 31, Six months ended August 31, 2015 2014 2015 2014 Balance at beginning of period $ 3,717 $ 3,718 $ 3,559 $ 3,672 Bad debt expense 307 87 614 231 Recoveries 11 8 35 19 Accounts written off (587 ) (229 ) (760 ) (338 ) Balance at end of period $ 3,448 $ 3,584 $ 3,448 $ 3,584

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Aug. 31, 2015
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): August 31, February 28, 2015 2015 Raw material $ 19,488 $ 18,153 Work-in-process 9,091 7,195 Finished goods 69,259 94,466 $ 97,838 $ 119,814

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Aug. 31, 2015
Business Combinations [Abstract]
Summary of Preliminary Purchase Price Allocations	The following is a summary of the purchase price allocations for Kay Toledo (in thousands): Accounts receivable $ 1,872 Inventories 2,168 Property, plant & equipment 9,218 Customer lists 2,813 Trade names 1,690 Goodwill 4,249 Accounts payable and accrued liabilities (1,120 ) Deferred taxes (4,652 ) $ 16,238 The following is a summary of the purchase price allocations for Sovereign (in thousands): Accounts receivable $ 2,477 Inventories 1,305 Other assets 653 Property, plant & equipment 3,300 Customer lists 1,550 Trade names 1,403 Goodwill 993 Accounts payable and accrued liabilities (1,048 ) $ 10,633
Summary of Operating Information on a Pro Forma Basis	The following table represents certain operating information on a pro forma basis as though all operations had been acquired as of March 1, 2014, after the estimated impact of adjustments such as amortization of intangible assets, interest expense, interest income, and related tax effects (in thousands, except per share amounts): Three months ended Six months ended Pro forma net sales $ 158,790 $ 312,737 Pro forma net earnings 10,011 18,546 Pro forma earnings per share - diluted 0.39 0.71

Goodwill and Other Intangible25

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Aug. 31, 2015
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): As of August 31, 2015 Weighted (in years) Gross Accumulated Net Amortized intangible assets Trade names — $ 1,234 $ 1,234 $ — Customer lists 9.1 75,518 30,399 45,119 Noncompete 2.3 75 17 58 Patent 2.5 783 456 327 Total 9.1 $ 77,610 $ 32,106 $ 45,504 As of February 28, 2015 Weighted Average Remaining Life (in years) Gross Carrying Accumulated Net Amortized intangible assets Trade names — $ 1,234 $ 1,234 $ — Customer lists 9.6 74,670 27,486 47,184 Noncompete 2.8 75 4 71 Patent 3.0 773 392 381 Total 9.5 $ 76,752 $ 29,116 $ 47,636
Non-amortizing Intangible Assets	August 31, 2015 February 28, 2015 Non-amortizing intangible assets Trademarks and trade names $ 28,591 $ 28,591
Schedule of Amortizing and Non-Amortizing Intangible Assets by Segment	Amortizing and non-amortizing intangible assets by segment as of the date indicated are as follows (in thousands): August 31, 2015 Category Print Apparel Total Amortizing intangibles, net $ 39,271 $ 6,233 $ 45,504 Non-amortizing intangibles 15,291 13,300 28,591 Total $ 54,562 $ 19,533 $ 74,095 February 28, 2015 Category Print Apparel Total Amortizing intangibles, net $ 40,670 $ 6,966 $ 47,636 Non-amortizing intangibles 15,291 13,300 28,591 Total $ 55,961 $ 20,266 $ 76,227
Estimated Amortization Expense	The Company’s estimated amortization expense for the next five fiscal years ending in February of the stated calendar year is as follows (in thousands): Print Apparel Total 2017 $ 4,666 $ 1,467 $ 6,133 2018 4,452 1,467 5,919 2019 3,935 1,467 5,402 2020 3,847 1,099 4,946 2021 3,778 — 3,778
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): Print Apparel Segment Segment Total Balance as of March 1, 2014 $ 59,284 $ 55,923 $ 115,207 Goodwill acquired 5,205 — 5,205 Goodwill impairment — (55,923 ) (55,923 ) Balance as of February 28, 2015 64,489 — 64,489 Goodwill acquired 48 — 48 Goodwill impairment — — — Balance as of August 31, 2015 $ 64,537 $ — $ 64,537

Other Accrued Expenses (Tables)

Other Accrued Expenses (Tables)	6 Months Ended
	Aug. 31, 2015
Text Block [Abstract]
Components of Other Accrued Expenses	The following table summarizes the components of other accrued expenses as of the dates indicated (in thousands): August 31, February 28, 2015 2015 Accrued taxes $ 156 $ 380 Accrued legal and professional fees 569 558 Accrued interest 231 425 Accrued utilities 112 131 Accrued acquisition related obligations 672 127 Accrued credit card fees 319 277 Other accrued expenses 854 454 $ 2,913 $ 2,352

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Aug. 31, 2015
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following as of the dates indicated (in thousands): August 31, February 28, 2015 2015 Revolving credit facility $ 63,000 $ 106,500

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Aug. 31, 2015
Equity [Abstract]
Changes in Shareholders' Equity	Changes in shareholders’ equity accounts for the six months ended August 31, 2015 are as follows (in thousands, except share amounts): Common Stock Additional Retained Accumulated Treasury Stock Shares Amount Capital Earnings Income (Loss) Shares Amount Total Balance March 1, 2015 30,053,443 $ 75,134 $ 121,687 $ 188,413 $ (22,197 ) (4,514,905 ) $ (78,357 ) $ 284,680 Net earnings — — — 20,217 — — — 20,217 Foreign currency translation, net of deferred tax of $2,006 — — — — (3,275 ) — — (3,275 ) Dividends paid ($.35 per share) — — — (9,012 ) — — — (9,012 ) Stock based compensation — — 657 — — — — 657 Exercise of stock options and restricted stock grants — — (1,352 ) — — 77,900 1,352 — Balance August 31, 2015 30,053,443 $ 75,134 $ 120,992 $ 199,618 $ (25,472 ) (4,437,005 ) $ (77,005 ) $ 293,267

Stock Option Plan and Stock B29

Stock Option Plan and Stock Based Compensation (Tables)	6 Months Ended
	Aug. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Activity	The Company had the following stock option activity for the six months ended August 31, 2015: Number of Shares (exact quantity) Weighted Weighted (in years) Aggregate (in thousands) Outstanding at March 1, 2015 374,823 $ 15.95 5.7 $ 210 Granted 43,426 13.69 Terminated (20,000 ) 16.42 Exercised — — Outstanding at August 31, 2015 398,249 $ 15.68 6.0 $ 587 Exercisable at August 31, 2015 321,824 $ 16.00 5.2 $ 433 (a) Intrinsic value is measured as the excess fair market value of the Company’s common stock as reported on the New York Stock Exchange over the applicable exercise price.
Summary of Assumptions Used and Weighted Average Grant-Date Fair Value of Stock Options Granted	The following is a summary of the assumptions used and the weighted average grant-date fair value of the stock options granted during the six months ended August 31, 2015 and August 31, 2014: August 31, 2015 2014 Expected volatility 24.06% 29.25% Expected term (years) 3 3 Risk free interest rate 0.89% 0.91% Dividend yield 4.92% 4.11% Weighted average grant-date fair value $2.24 $2.70
Summary of Stock Options Exercised and Tax Benefits Realized from Stock Based Compensation	A summary of the stock options exercised and tax benefits realized from stock based compensation is presented below (in thousands): Three months ended Six months ended 2015 2014 2015 2014 Total cash received $ — $ — $ — $ 54 Income tax benefits — — — — Total grant-date fair value — — — 9 Intrinsic value — — — 36
Summary of Unvested Stock Options	A summary of the status of the Company’s unvested stock options at August 31, 2015 and the changes during the six months ended August 31, 2015 are presented below: Number Weighted Unvested at March 1, 2015 79,760 $ 2.51 New grants 43,426 2.24 Vested (46,761 ) 2.58 Forfeited — — Unvested at August 31, 2015 76,425 $ 2.32
Restricted Stock Grants Activity	The Company had the following restricted stock grant activity for the six months ended August 31, 2015: Number of Weighted Outstanding at March 1, 2015 153,648 $ 15.30 Granted 113,648 13.69 Terminated — — Vested (77,900 ) 15.24 Outstanding at August 31, 2015 189,396 $ 14.36

Pension Plan (Tables)

Pension Plan (Tables)	6 Months Ended
	Aug. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Summary of Pension Expense Composed of Components Included in Cost of Goods Sold and Selling, General and Administrative Expenses	Pension expense is composed of the following components included in cost of goods sold and selling, general and administrative expenses in the Company’s consolidated statements of earnings (in thousands): Three months ended Six months ended 2015 2014 2015 2014 Components of net periodic benefit cost Service cost $ 326 $ 280 $ 651 $ 561 Interest cost 592 612 1,184 1,224 Expected return on plan assets (982 ) (964 ) (1,964 ) (1,928 ) Amortization of: Prior service cost (22 ) (36 ) (43 ) (72 ) Unrecognized net loss 637 381 1,275 762 Net periodic benefit cost $ 551 $ 273 $ 1,103 $ 547

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Aug. 31, 2015
Earnings Per Share [Abstract]
Computation for Basic and Diluted Earnings Per Share	The following table sets forth the computation for basic and diluted earnings per share for the periods indicated: Three months ended August 31, Six months ended August 31, 2015 2014 2015 2014 Basic weighted average common shares outstanding 25,662,828 25,990,496 25,636,203 25,991,444 Effect of dilutive options 30,428 12,205 21,316 13,105 Diluted weighted average common shares outstanding 25,693,256 26,002,701 25,657,519 26,004,549 Per share amounts: Net earnings – basic $ 0.43 $ 0.39 $ 0.79 $ 0.69 Net earnings – diluted $ 0.43 $ 0.39 $ 0.79 $ 0.69 Cash dividends $ 0.175 $ 0.175 $ 0.350 $ 0.350

Segment Information and Geogr32

Segment Information and Geographic Information (Tables)	6 Months Ended
	Aug. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Data	Segment data for the three and six months ended August 31, 2015 and August 31, 2014 were as follows (in thousands): Print Apparel Corporate Consolidated Three months ended August 31, 2015: Net sales $ 100,455 $ 50,306 $ — $ 150,761 Depreciation 1,918 891 67 2,876 Amortization of identifiable intangibles 1,132 366 — 1,498 Segment earnings (loss) before income tax 18,463 3,387 (4,318 ) 17,532 Segment assets 243,351 153,922 24,036 421,309 Capital expenditures 1,169 118 14 1,301 Print Apparel Corporate Consolidated Three months ended August 31, 2014: Net sales $ 97,881 $ 53,960 $ — $ 151,841 Depreciation 1,627 945 67 2,639 Amortization of identifiable intangibles 1,053 366 — 1,419 Segment earnings (loss) before income tax 18,295 911 (3,307 ) 15,899 Segment assets 232,178 296,202 17,641 546,021 Capital expenditures 498 119 5 622 Six months ended August 31, 2015: Net sales $ 197,224 $ 104,113 $ — $ 301,337 Depreciation 3,664 1,796 134 5,594 Amortization of identifiable intangibles 2,257 733 — 2,990 Segment earnings (loss) before income tax 35,590 5,126 (8,626 ) 32,090 Segment assets 243,351 153,922 24,036 421,309 Capital expenditures 2,341 162 17 2,520 Six months ended August 31, 2014: Net sales $ 186,265 $ 106,762 $ — $ 293,027 Depreciation 3,191 1,896 134 5,221 Amortization of identifiable intangibles 2,103 733 — 2,836 Segment earnings (loss) before income tax 33,777 2,087 (7,216 ) 28,648 Segment assets 232,178 296,202 17,641 546,021 Capital expenditures 750 166 11 927
Summary of Company's Operations in Different Geographic Areas	Information about the Company’s operations in different geographic areas as of and for the three and six months ended is as follows (in thousands): United States Canada Mexico Total Three months ended August 31, 2015: Net sales to unaffiliated customers Print Segment $ 100,455 $ — $ — $ 100,455 Apparel Segment 45,242 4,747 317 50,306 $ 145,697 $ 4,747 $ 317 $ 150,761 As of August 31, 2015 Identifiable long-lived assets Print Segment $ 169,402 $ — $ — $ 169,402 Apparel Segment 19,607 51 33,170 52,828 Corporate 3,431 — — 3,431 $ 192,440 $ 51 $ 33,170 $ 225,661 United States Canada Mexico Total Three months ended August 31, 2014: Net sales to unaffiliated customers Print Segment $ 97,881 $ — $ — $ 97,881 Apparel Segment 47,962 5,364 634 53,960 $ 145,843 $ 5,364 $ 634 $ 151,841 As of August 31, 2014 Identifiable long-lived assets Print Segment $ 158,431 $ — $ — $ 158,431 Apparel Segment 114,437 64 42,505 157,006 Corporate 3,651 — — 3,651 $ 276,519 $ 64 $ 42,505 $ 319,088 Six months ended August 31, 2015: Net sales to unaffiliated customers Print Segment $ 197,224 $ — $ — $ 197,224 Apparel Segment 94,067 9,132 914 104,113 $ 291,291 $ 9,132 $ 914 $ 301,337 Six months ended August 31, 2014: Net sales to unaffiliated customers Print Segment $ 186,265 $ — $ — $ 186,265 Apparel Segment 95,964 9,991 807 106,762 $ 282,229 $ 9,991 $ 807 $ 293,027

Accounts Receivable and Allow33

Accounts Receivable and Allowance for Doubtful Receivables - Allowance for Doubtful Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Receivables [Abstract]
Balance at beginning of period	$ 3,717	$ 3,718	$ 3,559	$ 3,672
Bad debt expense	307	87	614	231
Recoveries	11	8	35	19
Accounts written off	(587)	(229)	(760)	(338)
Balance at end of period	$ 3,448	$ 3,584	$ 3,448	$ 3,584

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Aug. 31, 2015	Feb. 28, 2015
Inventory Disclosure [Abstract]
Raw material	$ 19,488	$ 18,153
Work-in-process	9,091	7,195
Finished goods	69,259	94,466
Inventories	$ 97,838	$ 119,814

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Jun. 16, 2014	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2015	Oct. 03, 2014
Business Acquisition [Line Items]
Net sales			$ 150,761	$ 151,841	$ 301,337	$ 293,027
CMC Group, Inc. [Member]
Business Acquisition [Line Items]
Total purchase consideration									$ 300
Kay Toledo [Member]
Business Acquisition [Line Items]
Total purchase consideration	$ 16,238						$ 16,238
Net sales			6,600		12,800		$ 25,000
Earn out provision period	3 years
Additional amount paid to sellers	$ 1,000
Earnings before income taxes			1,000		1,900
Sovereign [Member]
Business Acquisition [Line Items]
Total purchase consideration		$ 10,633
Net sales			6,700		12,900			$ 27,100
Earn out provision period		4 years
Additional amount paid to sellers		$ 1,000
Earnings before income taxes			$ 1,100		$ 2,100
Hoosier Data Forms [Member]
Business Acquisition [Line Items]
Total purchase consideration										$ 200

Acquisitions - Summary of Preli

Acquisitions - Summary of Preliminary Purchase Price Allocations (Detail) - USD ($) $ in Thousands	Aug. 31, 2015	Feb. 28, 2015	Dec. 31, 2014	Jun. 16, 2014	Feb. 28, 2014
Business Acquisition [Line Items]
Goodwill	$ 64,537	$ 64,489			$ 115,207
Kay Toledo [Member]
Business Acquisition [Line Items]
Goodwill			$ 4,249
Accounts payable and accrued liabilities			(1,120)
Deferred taxes			(4,652)
Total purchase consideration			16,238
Accounts receivable			1,872
Inventories			2,168
Property, plant & equipment			9,218
Kay Toledo [Member] | Trade Names [Member]
Business Acquisition [Line Items]
Customer lists and Trade names			1,690
Kay Toledo [Member] | Customer Lists [Member]
Business Acquisition [Line Items]
Customer lists and Trade names			$ 2,813
Sovereign [Member]
Business Acquisition [Line Items]
Goodwill				$ 993
Accounts payable and accrued liabilities				(1,048)
Total purchase consideration				10,633
Accounts receivable				2,477
Inventories				1,305
Other assets				653
Property, plant & equipment				3,300
Sovereign [Member] | Trade Names [Member]
Business Acquisition [Line Items]
Customer lists and Trade names				1,403
Sovereign [Member] | Customer Lists [Member]
Business Acquisition [Line Items]
Customer lists and Trade names				$ 1,550

Acquisitions - Summary of Opera

Acquisitions - Summary of Operating Information on Pro Forma Basis (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Aug. 31, 2014	Aug. 31, 2014
Business Combinations [Abstract]
Pro forma net sales	$ 158,790	$ 312,737
Pro forma net earnings	$ 10,011	$ 18,546
Pro forma earnings per share - diluted	$ 0.39	$ 0.71

Goodwill and Other Intangible38

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014	Feb. 28, 2015
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of asset			9 years 1 month 6 days		9 years 6 months
Amortization of trade names, customer lists, and patent	$ 1,498,000	$ 1,419,000	$ 2,990,000	$ 2,836,000
Goodwill acquired			48,000		$ 5,205,000
Goodwill impairment			0		(55,923,000)
Wisco [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired					12,000
Sovereign [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired			48,000		945,000
Kay Toledo [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired					4,200,000
Print Segment [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of trade names, customer lists, and patent			2,300,000	2,100,000
Goodwill acquired			48,000		5,205,000
Goodwill impairment			0		0
Apparel Segment [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of trade names, customer lists, and patent			700,000	$ 700,000
Goodwill acquired			0		0
Goodwill impairment			$ 0		$ (55,923,000)
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of asset			1 year
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of asset			15 years

Goodwill and Other Intangible39

Goodwill and Other Intangible Assets - Carrying Amount and Accumulated Amortization of Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Aug. 31, 2015	Feb. 28, 2015
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	9 years 1 month 6 days	9 years 6 months
Gross Carrying Amount	$ 77,610	$ 76,752
Accumulated Amortization	32,106	29,116
Amortized intangible assets, Net	$ 45,504	$ 47,636
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	0 years	0 years
Gross Carrying Amount	$ 1,234	$ 1,234
Accumulated Amortization	1,234	1,234
Amortized intangible assets, Net	$ 0	$ 0
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	9 years 1 month 6 days	9 years 7 months 6 days
Gross Carrying Amount	$ 75,518	$ 74,670
Accumulated Amortization	30,399	27,486
Amortized intangible assets, Net	$ 45,119	$ 47,184
Noncompete [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	2 years 3 months 18 days	2 years 9 months 18 days
Gross Carrying Amount	$ 75	$ 75
Accumulated Amortization	17	4
Amortized intangible assets, Net	$ 58	$ 71
Patent [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	2 years 6 months	3 years
Gross Carrying Amount	$ 783	$ 773
Accumulated Amortization	456	392
Amortized intangible assets, Net	$ 327	$ 381

Goodwill and Other Intangible40

Goodwill and Other Intangible Assets - Non-amortizing Intangible Assets (Detail) - USD ($) $ in Thousands	Aug. 31, 2015	Feb. 28, 2015
Non-amortizing intangible assets
Non-amortizing intangible assets, Trademarks and trade names	$ 28,591	$ 28,591

Goodwill and Other Intangible41

Goodwill and Other Intangible Assets - Schedule of Amortizing and Non-Amortizing Intangible Assets by Segment (Detail) - USD ($) $ in Thousands	Aug. 31, 2015	Feb. 28, 2015
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Amortizing intangibles, net	$ 45,504	$ 47,636
Non-amortizing intangibles	28,591	28,591
Total	74,095	76,227
Print Segment [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Amortizing intangibles, net	39,271	40,670
Non-amortizing intangibles	15,291	15,291
Total	54,562	55,961
Apparel Segment [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Amortizing intangibles, net	6,233	6,966
Non-amortizing intangibles	13,300	13,300
Total	$ 19,533	$ 20,266

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets - Estimated Amortization Expense (Detail) $ in Thousands	Aug. 31, 2015USD ($)
Finite-Lived Intangible Assets [Line Items]
2,017	$ 6,133
2,018	5,919
2,019	5,402
2,020	4,946
2,021	3,778
Print Segment [Member]
Finite-Lived Intangible Assets [Line Items]
2,017	4,666
2,018	4,452
2,019	3,935
2,020	3,847
2,021	3,778
Apparel Segment [Member]
Finite-Lived Intangible Assets [Line Items]
2,017	1,467
2,018	1,467
2,019	1,467
2,020	$ 1,099

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets - Changes in Net Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Aug. 31, 2015	Feb. 28, 2015
Finite-Lived Intangible Assets [Line Items]
Goodwill, Beginning balance	$ 64,489	$ 115,207
Goodwill acquired	48	5,205
Goodwill impairment	0	(55,923)
Goodwill, Ending balance	64,537	64,489
Print Segment [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill, Beginning balance	64,489	59,284
Goodwill acquired	48	5,205
Goodwill impairment	0	0
Goodwill, Ending balance	64,537	64,489
Apparel Segment [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill, Beginning balance	0	55,923
Goodwill acquired	0	0
Goodwill impairment	0	(55,923)
Goodwill, Ending balance	$ 0	$ 0

Other Accrued Expenses - Compon

Other Accrued Expenses - Components of Other Accrued Expenses (Detail) - USD ($) $ in Thousands	Aug. 31, 2015	Feb. 28, 2015
Payables and Accruals [Abstract]
Accrued taxes	$ 156	$ 380
Accrued legal and professional fees	569	558
Accrued interest	231	425
Accrued utilities	112	131
Accrued acquisition related obligations	672	127
Accrued credit card fees	319	277
Other accrued expenses	854	454
Other accrued expenses, Total	$ 2,913	$ 2,352

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Aug. 31, 2015	Feb. 28, 2015
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility	$ 63,000	$ 106,500

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	6 Months Ended
	Aug. 31, 2015	Feb. 28, 2015	Aug. 31, 2014	Sep. 19, 2013
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, outstanding borrowings	$ 63,000,000	$ 106,500,000
Revolving credit facility, percentage of capital securities of direct foreign subsidiary	65.00%
Third Amendment [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, initiation date	Sep. 19, 2013
Minimum tangible net worth, amount				$ 100,000,000
Minimum tangible net worth percentage				25.00%
Third Amendment [Member] | Standby letters of credit [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, outstanding borrowings	$ 2,800,000
Revolving credit facility, remaining borrowing capacity	84,200,000
Second Amendment [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	150,000,000
Revolving credit facility, additional borrowing capacity	$ 200,000,000
Revolving credit facility, maturity date	Aug. 18, 2016
Revolving credit facility, interest rate description	London Interbank Offered Rate ("LIBOR") plus a spread ranging from 1.0% to 2.25%
Revolving credit facility, interest rate variable basis spread, option one	1.50%		1.70%
Revolving credit facility, interest rate variable basis spread, option two	1.70%
Second Amendment [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, variable basis spread	1.00%
Second Amendment [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, variable basis spread	2.25%

Shareholders' Equity - Changes

Shareholders' Equity - Changes in Shareholders' Equity (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Amount			$ 284,680
Beginning Balance, Shares			30,053,443
Net earnings	$ 11,046	$ 10,016	$ 20,217	$ 18,048
Foreign currency translation, net of deferred tax of $2,006	(2,611)	$ (445)	(3,275)	$ 535
Dividends paid ($.35 per share)			(9,012)
Stock based compensation			657
Ending Balance, Amount	$ 293,267		$ 293,267
Ending Balance, Shares	30,053,443		30,053,443
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Amount			$ 75,134
Beginning Balance, Shares			30,053,443
Ending Balance, Amount	$ 75,134		$ 75,134
Ending Balance, Shares	30,053,443		30,053,443
Additional Paid-in Capital [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Amount			$ 121,687
Stock based compensation			657
Exercise of stock options and restricted stock grants			(1,352)
Ending Balance, Amount	$ 120,992		120,992
Retained Earnings [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Amount			188,413
Net earnings			20,217
Dividends paid ($.35 per share)			(9,012)
Ending Balance, Amount	199,618		199,618
Accumulated Other Comprehensive Income (Loss) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Amount			(22,197)
Foreign currency translation, net of deferred tax of $2,006			(3,275)
Ending Balance, Amount	(25,472)		(25,472)
Treasury Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Amount			$ (78,357)
Beginning Balance, Treasury Stock, Shares			(4,514,905)
Exercise of stock options and restricted stock grants			$ 1,352
Exercise of stock options and restricted stock grants, shares			77,900
Ending Balance, Amount	$ (77,005)		$ (77,005)
Ending Balance, Treasury Stock, Shares	(4,437,005)		(4,437,005)

Shareholders' Equity - Change48

Shareholders' Equity - Changes in Shareholders' Equity (Parenthetical) (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Statement of Stockholders' Equity [Abstract]
Deferred tax on foreign currency translation			$ 2,006
Dividends paid, per share amount	$ 0.175	$ 0.175	$ 0.350	$ 0.350

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($)	6 Months Ended
	Aug. 31, 2015	Dec. 19, 2014	Apr. 20, 2012	Oct. 20, 2008
Statement of Stockholders' Equity [Abstract]
Repurchase of common stock through a stock repurchase program				$ 5,000,000
Common stock shares repurchased	718,511
Common stock average price, repurchased	$ 13.74
Additional authorized amount available to repurchase shares		$ 10,000,000	$ 5,000,000
Total amount available to repurchase of shares	$ 10,100,000
Repurchase of common stock	$ 0

Stock Option Plan and Stock B50

Stock Option Plan and Stock Based Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unissued common stock reserved	638,693		638,693
Stock option award maximum term			10 years
Share based compensation arrangements by share based payment award vesting period maximum			5 years
Unrecognized compensation cost related to unvested stock options granted	$ 0.1		$ 0.1
Remaining unrecognized compensation cost related to unvested restricted stock	2.3		$ 2.3
Weighted average remaining requisite service period of the unvested restricted stock awards			2 years 1 month 6 days
Unvested Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining requisite service period of the unvested stock options			2 years
Selling, General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense related share based compensation before tax	0.4	$ 0.3	$ 0.7	$ 0.7
Compensation expense related share based compensation net of tax	$ 0.2	$ 0.2	$ 0.4	$ 0.4

Stock Option Plan and Stock B51

Stock Option Plan and Stock Based Compensation - Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	Feb. 28, 2015	Aug. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of Shares, Options Outstanding, Beginning Balance		374,823
Number of Shares, Granted		43,426
Number of Shares, Terminated		(20,000)
Number of Shares, Exercised		0
Number of Shares, Options Outstanding, Ending Balance	374,823	398,249
Weighted Average Exercise Price, Beginning Balance		$ 15.95
Weighted Average Exercise Price, Granted		13.69
Weighted Average Exercise Price, Terminated		16.42
Weighted Average Exercise Price, Exercised		0
Weighted Average Exercise Price, Ending Balance	$ 15.95	$ 15.68
Weighted Average Remaining Contractual Life, Ending Balance	5 years 8 months 12 days	6 years
Aggregate Intrinsic Value, Beginning Balance		$ 210
Aggregate Intrinsic Value, Ending Balance	$ 210	$ 587
Number of Shares, Exercisable		321,824
Weighted Average Exercise Price, Exercisable		$ 16
Weighted Average Remaining Contractual Life, Exercisable		5 years 2 months 12 days
Aggregate Intrinsic Value, Exercisable		$ 433

Stock Option Plan and Stock B52

Stock Option Plan and Stock Based Compensation - Summary of Assumptions Used and Weighted Average Grant-Date Fair Value of Stock Options Granted (Detail) - $ / shares	6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected volatility	24.06%	29.25%
Expected term (years)	3 years	3 years
Risk free interest rate	0.89%	0.91%
Dividend yield	4.92%	4.11%
Weighted average grant-date fair value	$ 2.24	$ 2.70

Stock Option Plan and Stock B53

Stock Option Plan and Stock Based Compensation - Summary of Stock Options Exercised and Tax Benefits Realized from Stock Based Compensation (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Total cash received				$ 54
Income tax benefits	$ 0	$ 0	$ 0	0
Total grant-date fair value				9
Intrinsic value				$ 36

Stock Option Plan and Stock B54

Stock Option Plan and Stock Based Compensation - Summary of Unvested Stock Options (Detail) - $ / shares	6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Unvested Beginning Balance, Number of Options	79,760
New grants, Number of Options	43,426
Vested, Number of Options	(46,761)
Forfeited, Number of Options	0
Unvested Ending Balance, Number of Options	76,425
Unvested Beginning Balance, Weighted Average Grant Date Fair Value	$ 2.51
New grants, Weighted Average Grant Date Fair Value	2.24	$ 2.70
Vested, Weighted Average Grant Date Fair Value	2.58
Forfeited, Weighted Average Grant Date Fair Value	0
Unvested Ending Balance, Weighted Average Grant Date Fair Value	$ 2.32

Stock Option Plan and Stock B55

Stock Option Plan and Stock Based Compensation - Restricted Stock Grants Activity (Detail) - Restricted Stock [Member]	6 Months Ended
	Aug. 31, 2015$ / sharesshares
Restricted stock grant activity
Outstanding at Beginning, Number of Shares | shares	153,648
Number of Shares, Granted | shares	113,648
Number of shares, Terminated | shares	0
Number of Shares, Vested | shares	(77,900)
Outstanding at Ending, Number of Shares | shares	189,396
Outstanding at Beginning, Weighted Average Grant Date Fair value	$ 15.30
Weighted Average Grant Date Fair Value, Granted	13.69
Weighted Average Grant Date Fair Value, Terminated	0
Weighted Average Grant Date Fair Value, Vested	15.24
Outstanding at Ending, Weighted Average Grant Date Fair value	$ 14.36

Pension Plan - Additional Infor

Pension Plan - Additional Information (Detail) - USD ($)	6 Months Ended	12 Months Ended
	Aug. 31, 2015	Feb. 29, 2016	Feb. 28, 2015
Defined Benefit Plan Disclosure [Line Items]
Employees covered under noncontributory Pension Plan	8.00%
Compensation period preceding retirement and termination	5 years
Contributions			$ 3,000,000
Period used for calculating Pension Plan liability	25 years
Scenario, Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Minimum required contribution to the plan is approximately		$ 0
Minimum [Member] | Scenario, Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Contributions		2,000,000
Maximum [Member] | Scenario, Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Contributions		$ 3,000,000

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		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Components of net periodic benefit cost
Service cost	$ 326	$ 280	$ 651	$ 561
Interest cost	592	612	1,184	1,224
Expected return on plan assets	(982)	(964)	(1,964)	(1,928)
Amortization of:
Prior service cost	(22)	(36)	(43)	(72)
Unrecognized net loss	637	381	1,275	762
Net periodic benefit cost	$ 551	$ 273	$ 1,103	$ 547

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Earnings Per Share [Abstract]
Stock options not included in the diluted earnings per share computation	172,543	332,823	203,961	296,668

Earnings Per Share - Computatio

Earnings Per Share - Computation for Basic and Diluted Earnings Per Share (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	25,662,828	25,990,496	25,636,203	25,991,444
Effect of dilutive options	30,428	12,205	21,316	13,105
Diluted weighted average common shares outstanding	25,693,256	26,002,701	25,657,519	26,004,549
Per share amounts:
Net earnings - basic	$ 0.43	$ 0.39	$ 0.79	$ 0.69
Net earnings - diluted	0.43	0.39	0.79	0.69
Cash dividends	$ 0.175	$ 0.175	$ 0.350	$ 0.350

Segment Information and Geogr60

Segment Information and Geographic Information - Additional Information (Detail)	3 Months Ended	6 Months Ended
	Aug. 31, 2015	Aug. 31, 2015SegmentManufacturingSites
Segment Reporting Information [Line Items]
Number of reportable segments | Segment		2
Print Segment [Member]
Segment Reporting Information [Line Items]
Percentage of reportable segment net sales portion in net sales	67.00%	65.00%
Number of manufacturing units throughout United States		58
Number of manufacturing units operated in strategically located domestic state		22
Percentage of reportable segment portion of business product considered as custom and semi-custom		96.00%
Apparel Segment [Member]
Segment Reporting Information [Line Items]
Percentage of reportable segment net sales portion in net sales	33.00%	35.00%

Segment Information and Geogr61

Segment Information and Geographic Information - Schedule of Segment Data (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014	Feb. 28, 2015
Segment Reporting Information [Line Items]
Net sales	$ 150,761	$ 151,841	$ 301,337	$ 293,027
Depreciation	2,876	2,639	5,594	5,221
Amortization of identifiable intangibles	1,498	1,419	2,990	2,836
Segment earnings (loss) before income tax	17,532	15,899	32,090	28,648
Segment assets	421,309	546,021	421,309	546,021	$ 453,262
Capital expenditures	1,301	622	2,520	927
Print Segment [Member]
Segment Reporting Information [Line Items]
Amortization of identifiable intangibles			2,300	2,100
Apparel Segment [Member]
Segment Reporting Information [Line Items]
Amortization of identifiable intangibles			700	700
Operating Segments [Member] | Print Segment [Member]
Segment Reporting Information [Line Items]
Net sales	100,455	97,881	197,224	186,265
Depreciation	1,918	1,627	3,664	3,191
Amortization of identifiable intangibles	1,132	1,053	2,257	2,103
Segment earnings (loss) before income tax	18,463	18,295	35,590	33,777
Segment assets	243,351	232,178	243,351	232,178
Capital expenditures	1,169	498	2,341	750
Operating Segments [Member] | Apparel Segment [Member]
Segment Reporting Information [Line Items]
Net sales	50,306	53,960	104,113	106,762
Depreciation	891	945	1,796	1,896
Amortization of identifiable intangibles	366	366	733	733
Segment earnings (loss) before income tax	3,387	911	5,126	2,087
Segment assets	153,922	296,202	153,922	296,202
Capital expenditures	118	119	162	166
Corporate [Member]
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Depreciation	67	67	134	134
Amortization of identifiable intangibles	0	0	0	0
Segment earnings (loss) before income tax	(4,318)	(3,307)	(8,626)	(7,216)
Segment assets	24,036	17,641	24,036	17,641
Capital expenditures	$ 14	$ 5	$ 17	$ 11

Segment Information and Geogr62

Segment Information and Geographic Information - Summary of Company's Operations in Different Geographic Areas (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	$ 150,761	$ 151,841	$ 301,337	$ 293,027
Identifiable long-lived assets	225,661	319,088	225,661	319,088
Operating Segments [Member] | Print Segment [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	100,455	97,881	197,224	186,265
Identifiable long-lived assets	169,402	158,431	169,402	158,431
Operating Segments [Member] | Apparel Segment [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	50,306	53,960	104,113	106,762
Identifiable long-lived assets	52,828	157,006	52,828	157,006
Corporate [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	0	0	0	0
Identifiable long-lived assets	3,431	3,651	3,431	3,651
United States [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	145,697	145,843	291,291	282,229
Identifiable long-lived assets	192,440	276,519	192,440	276,519
United States [Member] | Operating Segments [Member] | Print Segment [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	100,455	97,881	197,224	186,265
Identifiable long-lived assets	169,402	158,431	169,402	158,431
United States [Member] | Operating Segments [Member] | Apparel Segment [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	45,242	47,962	94,067	95,964
Identifiable long-lived assets	19,607	114,437	19,607	114,437
United States [Member] | Corporate [Member]
Segment Reporting Information [Line Items]
Identifiable long-lived assets	3,431	3,651	3,431	3,651
Canada [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	4,747	5,364	9,132	9,991
Identifiable long-lived assets	51	64	51	64
Canada [Member] | Operating Segments [Member] | Print Segment [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	0	0	0	0
Identifiable long-lived assets	0	0	0	0
Canada [Member] | Operating Segments [Member] | Apparel Segment [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	4,747	5,364	9,132	9,991
Identifiable long-lived assets	51	64	51	64
Canada [Member] | Corporate [Member]
Segment Reporting Information [Line Items]
Identifiable long-lived assets	0	0	0	0
Mexico [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	317	634	914	807
Identifiable long-lived assets	33,170	42,505	33,170	42,505
Mexico [Member] | Operating Segments [Member] | Print Segment [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	0	0	0	0
Identifiable long-lived assets	0	0	0	0
Mexico [Member] | Operating Segments [Member] | Apparel Segment [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	317	634	914	807
Identifiable long-lived assets	33,170	42,505	33,170	42,505
Mexico [Member] | Corporate [Member]
Segment Reporting Information [Line Items]
Identifiable long-lived assets	$ 0	$ 0	$ 0	$ 0

Concentrations of Risk - Additi

Concentrations of Risk - Additional Information (Detail) - USD ($)	Aug. 31, 2015	Feb. 28, 2015	Aug. 31, 2014	Feb. 28, 2014
Concentration Risk [Line Items]
Minimum Insurance available to depositors under the FDIC's general deposit insurance rules	$ 250,000
Cash balances not federally insured	15,600,000
Cash in bank accounts	18,851,000	$ 15,346,000	$ 13,782,000	$ 5,316,000
Canada [Member]
Concentration Risk [Line Items]
Cash in bank accounts	700,000
Mexico [Member]
Concentration Risk [Line Items]
Cash in bank accounts	$ 1,800,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member]	Sep. 18, 2015$ / shares
Subsequent Event [Line Items]
Dividend payable per share	$ 0.175
Date of record of dividend	Oct. 9, 2015
Date of payment of dividend	Nov. 6, 2015