Ennis (EBF) 10-Q 30 Dec 15 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Nov. 30, 2015	Dec. 22, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
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	Nov. 30, 2015	Feb. 28, 2015
Current assets
Cash	$ 13,710	$ 15,346
Accounts receivable, net of allowance for doubtful receivables of $4,052 at November 30, 2015 and $3,559 at February 28, 2015	54,243	62,865
Prepaid expenses	6,098	8,853
Prepaid income taxes	2,106	3,198
Inventories	98,570	119,814
Deferred income taxes	6,272	6,272
Assets held for sale		194
Total current assets	180,999	216,542
Property, plant and equipment, at cost
Plant, machinery and equipment	169,774	166,890
Land and buildings	81,078	83,283
Other	23,730	23,574
Total property, plant and equipment	274,582	273,747
Less accumulated depreciation	188,279	180,872
Net property, plant and equipment	86,303	92,875
Goodwill	64,537	64,489
Trademarks and trade names	28,591	28,591
Other intangible assets, net	43,988	47,636
Deferred finance charges, net	112	224
Other assets	2,525	2,905
Total assets	407,055	453,262
Current liabilities
Accounts payable	20,986	21,275
Accrued expenses
Employee compensation and benefits	14,059	15,964
Taxes other than income	624	656
Income taxes payable	1,742
Other	3,050	2,352
Total current liabilities	40,461	40,247
Long-term debt	45,000	106,500
Liability for pension benefits	11,507	9,852
Deferred income taxes	8,378	10,248
Other liabilities	1,735	1,735
Total liabilities	$ 107,081	$ 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 November 30 and February 28, 2015	$ 75,134	$ 75,134
Additional paid-in capital	121,318	121,687
Retained earnings	205,776	188,413
Accumulated other comprehensive income (loss):
Foreign currency translation, net of taxes	(7,679)	(4,627)
Minimum pension liability, net of taxes	(17,570)	(17,570)
Total accumulated other comprehensive income (loss)	(25,249)	(22,197)
Treasury stock	(77,005)	(78,357)
Total shareholders' equity	299,974	284,680
Total liabilities and shareholders' equity	$ 407,055	$ 453,262

Unaudited Consolidated Balance3

Unaudited Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2015	Feb. 28, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful receivables	$ 4,052	$ 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		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Income Statement [Abstract]
Net sales	$ 139,451	$ 146,971	$ 440,788	$ 439,998
Cost of goods sold	98,877	110,455	322,040	329,906
Gross profit margin	40,574	36,516	118,748	110,092
Selling, general and administrative	23,430	23,817	69,552	67,436
Impairment of goodwill and trademarks		93,324		93,324
Gain from disposal of assets	(361)	(15)	(371)	(19)
Income (loss) from operations	17,505	(80,610)	49,567	(50,649)
Other income (expense)
Interest expense	(260)	(472)	(1,120)	(1,499)
Other, net	(302)	347	586	61
Total other expense	(562)	(125)	(534)	(1,438)
Earnings (loss) before income taxes	16,943	(80,735)	49,033	(52,087)
Provision for income taxes	6,269	(9,556)	18,142	1,044
Net earnings (loss)	$ 10,674	$ (71,179)	$ 30,891	$ (53,131)
Weighted average common shares outstanding
Basic	25,684,026	25,753,345	25,665,069	25,926,157
Diluted	25,728,144	25,753,345	25,692,930	25,926,157
Per share amounts
Net earnings (loss) - basic	$ 0.42	$ (2.76)	$ 1.20	$ (2.05)
Net earnings (loss) - diluted	0.41	(2.76)	1.20	(2.05)
Cash dividends per share	$ 0.175	$ 0.175	$ 0.525	$ 0.525

Unaudited Consolidated Stateme5

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 10,674	$ (71,179)	$ 30,891	$ (53,131)
Foreign currency translation adjustment, net of deferred taxes	223	(1,606)	(3,052)	(1,071)
Comprehensive income (loss)	$ 10,897	$ (72,785)	$ 27,839	$ (54,202)

Unaudited Consolidated Stateme6

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Cash flows from operating activities:
Net earnings (loss)	$ 30,891	$ (53,131)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation	8,452	7,815
Amortization of deferred finance charges	112	112
Amortization of trade names, customer lists, and patent	4,506	4,249
Impairment of goodwill and trademarks		93,324
Gain from disposal of assets	(371)	(19)
Bad debt expense	1,412	725
Stock based compensation	983	1,012
Deferred income taxes	25	(14,212)
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable	7,039	2,379
Prepaid expenses	3,228	(1,563)
Inventories	20,807	6,055
Other assets	381	140
Accounts payable and accrued expenses	31	(1,435)
Other liabilities		127
Liability for pension benefits	1,655	820
Net cash provided by operating activities	79,151	46,398
Cash flows from investing activities:
Capital expenditures	(4,640)	(1,624)
Purchase of businesses, net of cash acquired	(331)	(10,844)
Proceeds from disposal of plant and property	992	82
Net cash used in investing activities	(3,979)	(12,386)
Cash flows from financing activities:
Borrowings on debt		11,000
Repayment of debt	(61,500)	(15,000)
Dividends	(13,528)	(13,689)
Purchase of treasury stock		(6,552)
Proceeds from exercise of stock options		54
Net cash used in financing activities	(75,028)	(24,187)
Effect of exchange rate changes on cash	(1,780)	(473)
Net change in cash	(1,636)	9,352
Cash at beginning of period	15,346	5,316
Cash at end of period	$ 13,710	$ 14,668

Significant Accounting Policies

Significant Accounting Policies and General Matters	9 Months Ended
	Nov. 30, 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 November 30, 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) Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date

Accounts Receivable and Allowan

Accounts Receivable and Allowance for Doubtful Receivables	9 Months Ended
	Nov. 30, 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 Nine months ended 2015 2014 2015 2014 Balance at beginning of period $ 3,448 $ 3,584 $ 3,559 $ 3,672 Bad debt expense 798 494 1,412 725 Recoveries 10 10 45 29 Accounts written off (204 ) (113 ) (964 ) (451 ) Balance at end of period $ 4,052 $ 3,975 $ 4,052 $ 3,975

Inventories

Inventories	9 Months Ended
	Nov. 30, 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): November 30, February 28, Raw material $ 18,873 $ 18,153 Work-in-process 9,416 7,195 Finished goods 70,281 94,466 $ 98,570 $ 119,814

Acquisitions

Acquisitions	9 Months Ended
	Nov. 30, 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 nine months ended November 30, 2015, Kay Toledo added $7.6 million and $20.4 million, respectively, in sales and $0.4 million and $2.4 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 nine months ended November 30, 2015, Sovereign added 5.9 million and $18.8 million, respectively, in sales and $1.0 million and $3.1 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 Nine months ended Pro forma net sales $ 153,155 $ 465,891 Pro forma net earnings (loss) (70,996 ) (52,450 ) Pro forma earnings (loss) per share - diluted (2.76 ) (2.02 ) 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	9 Months Ended
	Nov. 30, 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. The Company is currently still in the process of evaluating and will complete its annual impairment analysis during the fourth quarter of this fiscal year. As of November 30, 2015, there were no indications of impairment that would require an impairment charge to be taken in the current period. 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 fair 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 November 30, 2015 Weighted (in years) Gross Accumulated Net Amortized intangible assets Trade names — $ 1,234 $ 1,234 $ — Customer lists 8.9 75,518 31,876 43,642 Noncompete 2.1 75 23 52 Patent 2.3 783 489 294 Total 8.9 $ 77,610 $ 33,622 $ 43,988 As of February 28, 2015 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 November 30, February 28, 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): November 30, 2015 Category Print Apparel Total Amortizing intangibles, net $ 38,122 $ 5,866 $ 43,988 Non-amortizing intangibles 15,291 13,300 28,591 Total $ 53,413 $ 19,166 $ 72,579 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 nine months ended November 30, 2015 and November 30, 2014 was $4.5 million ($3.4 million – Print and $1.1 million – Apparel) and $4.2 million ($3.1 million – Print and $1.1 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 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 November 30, 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 nine months ended November 30, 2015, $48,000 was added to goodwill related to the acquisition of Sovereign.

Other Accrued Expenses

Other Accrued Expenses	9 Months Ended
	Nov. 30, 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): November 30, February 28, Accrued taxes $ 177 $ 380 Accrued legal and professional fees 710 558 Accrued interest 176 425 Accrued utilities 112 131 Accrued acquisition related obligations 668 127 Accrued credit card fees 293 277 Other accrued expenses 914 454 $ 3,050 $ 2,352

Long-Term Debt

Long-Term Debt	9 Months Ended
	Nov. 30, 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): November 30, February 28, Revolving credit facility $ 45,000 $ 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 August 19, 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%, or 1.6% (LIBOR + 1.25%) at November 30, 2015 and 1.7% (LIBOR + 1.5%) at November 30, 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 November 30, 2015, the Company had $45.0 million of borrowings under the revolving credit line and $2.1 million outstanding under standby letters of credit arrangements, leaving the Company availability of approximately $102.9 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 November 30, 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	9 Months Ended
	Nov. 30, 2015
Equity [Abstract]
Shareholders' Equity	8. Shareholders’ Equity Changes in shareholders’ equity accounts for the nine months ended November 30, 2015 are as follows (in thousands, except share amounts): Common Stock Additional Paid-in Retained Accumulated Other Comprehensive 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 — — — 30,891 — — — 30,891 Foreign currency translation, net of deferred tax of $1,869 — — — — (3,052 ) — — (3,052 ) Dividends paid ($.525 per share) — — — (13,528 ) — — — (13,528 ) Stock based compensation — — 983 — — — — 983 Exercise of stock options and restricted stock grants — — (1,352 ) — — 77,900 1,352 — Balance November 30, 2015 30,053,443 $ 75,134 $ 121,318 $ 205,776 $ (25,249 ) (4,437,005 ) $ (77,005 ) $ 299,974 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 nine months ended November 30, 2015 and there 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	9 Months Ended
	Nov. 30, 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 November 30, 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 November 30, 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 November 30, 2015 and November 30, 2014, the Company included compensation expense related to share-based compensation in selling, general and administrative expenses, compensation expense of $0.3 million ($0.2 million net of tax), and $0.3 million ($0.2 million net of tax), respectively. For the nine months ended November 30, 2015 and November 30, 2014, the Company included compensation expense related to share-based compensation of $1.0 million ($0.6 million net of tax), and $1.0 million ($0.6 million net of tax), respectively, in selling, general and administrative expenses. Stock Options The Company had the following stock option activity for the nine months ended November 30, 2015: Number of (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 November 30, 2015 398,249 $ 15.68 5.7 $ 1,717 Exercisable at November 30, 2015 321,824 $ 16.00 5.0 $ 1,283 (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 nine months ended November 30, 2015 and November 30, 2014: November 30, 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 Nine months ended 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 November 30, 2015 and the changes during the nine months ended November 30, 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 November 30, 2015 76,425 $ 2.32 As of November 30, 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 1.8 years. Restricted Stock The Company had the following restricted stock grant activity for the nine months ended November 30, 2015: Number of Shares Weighted Outstanding at March 1, 2015 153,648 $ 15.30 Granted 113,648 13.69 Terminated — — Vested (77,900 ) 15.24 Outstanding at November 30, 2015 189,396 $ 14.36 As of November 30, 2015, the total remaining unrecognized compensation cost related to unvested restricted stock granted under the Plan was approximately $2.0 million. The weighted average remaining requisite service period of the unvested restricted stock awards was 1.9 years.

Pension Plan

Pension Plan	9 Months Ended
	Nov. 30, 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 Nine months ended 2015 2014 2015 2014 Components of net periodic benefit cost Service cost $ 325 $ 281 $ 976 $ 842 Interest cost 592 611 1,776 1,835 Expected return on plan assets (982 ) (964 ) (2,946 ) (2,892 ) Amortization of: Prior service cost (21 ) (36 ) (64 ) (108 ) Unrecognized net loss 638 381 1,913 1,143 Net periodic benefit cost $ 552 $ 273 $ 1,655 $ 820 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	9 Months Ended
	Nov. 30, 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 nine months ended November 30, 2015, 89,800 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 nine months ended November 30, 2014, 332,823 and 332,823 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 Nine months ended 2015 2014 2015 2014 Basic weighted average common shares outstanding 25,684,026 25,753,345 25,665,069 25,926,157 Effect of dilutive options 44,118 — 27,861 — Diluted weighted average common shares outstanding 25,728,144 25,753,345 25,692,930 25,926,157 Per share amounts: Net earnings (loss) – basic $ 0.42 $ (2.76 ) $ 1.20 $ (2.05 ) Net earnings (loss) – diluted $ 0.41 $ (2.76 ) $ 1.20 $ (2.05 ) Cash dividends $ 0.175 $ 0.175 $ 0.525 $ 0.525

Segment Information and Geograp

Segment Information and Geographic Information	9 Months Ended
	Nov. 30, 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 70% and 67% of the Company’s consolidated net sales for the three and nine months ended November 30, 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 21 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 ® SM ® 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 30% and 33% of the Company’s consolidated net sales for the three and nine months ended November 30, 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 nine months ended November 30, 2015 and November 30, 2014 were as follows (in thousands): Print Apparel Corporate Consolidated Three months ended November 30, 2015: Net sales $ 97,516 $ 41,935 $ — $ 139,451 Depreciation 1,915 876 67 2,858 Amortization of identifiable intangibles 1,149 367 — 1,516 Segment earnings (loss) before income tax 17,311 4,195 (4,563 ) 16,943 Segment assets 236,423 151,489 19,143 407,055 Capital expenditures 1,749 348 23 2,120 Three months ended November 30, 2014: Net sales $ 97,652 $ 49,319 $ — $ 146,971 Depreciation 1,599 928 67 2,594 Amortization of identifiable intangibles 1,046 367 — 1,413 Impairment of goodwill and trademarks — 93,324 — 93,324 Segment earnings (loss) before income tax 17,100 (93,218 ) (4,617 ) (80,735 ) Segment assets 229,111 196,467 19,139 444,717 Capital expenditures 615 63 19 697 Nine months ended November 30, 2015: Net sales $ 294,740 $ 146,048 $ — $ 440,788 Depreciation 5,579 2,672 201 8,452 Amortization of identifiable intangibles 3,406 1,100 — 4,506 Segment earnings (loss) before income tax 52,901 9,321 (13,189 ) 49,033 Segment assets 236,423 151,489 19,143 407,055 Capital expenditures 4,090 510 40 4,640 Nine months ended November 30, 2014: Net sales $ 283,917 $ 156,081 $ — $ 439,998 Depreciation 4,790 2,824 201 7,815 Amortization of identifiable intangibles 3,149 1,100 — 4,249 Impairment of goodwill and trademarks — 93,324 — 93,324 Segment earnings (loss) before income tax 50,877 (91,131 ) (11,833 ) (52,087 ) Segment assets 229,111 196,467 19,139 444,717 Capital expenditures 1,365 229 30 1,624 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 nine months ended is as follows (in thousands): United States Canada Mexico Total Three months ended November 30, 2015: Net sales to unaffiliated customers Print Segment $ 97,516 $ — $ — $ 97,516 Apparel Segment 37,232 4,379 324 41,935 $ 134,748 $ 4,379 $ 324 $ 139,451 As of November 30, 2015 Identifiable long-lived assets Print Segment $ 167,677 $ — $ — $ 167,677 Apparel Segment 19,234 47 33,075 52,356 Corporate 3,386 — — 3,386 $ 190,297 $ 47 $ 33,075 $ 223,419 Three months ended November 30, 2014: Net sales to unaffiliated customers Print Segment $ 97,652 $ — $ — $ 97,652 Apparel Segment 44,873 4,104 342 49,319 $ 142,525 $ 4,104 $ 342 $ 146,971 As of November 30, 2014 Identifiable long-lived assets Print Segment $ 156,328 $ — $ — $ 156,328 Apparel Segment 20,737 60 40,348 61,145 Corporate 3,603 — — 3,603 $ 180,668 $ 60 $ 40,348 $ 221,076 Nine months ended November 30, 2015: Net sales to unaffiliated customers Print Segment $ 294,740 $ — $ — $ 294,740 Apparel Segment 131,299 13,511 1,238 146,048 $ 426,039 $ 13,511 $ 1,238 $ 440,788 Nine months ended November 30, 2014: Net sales to unaffiliated customers Print Segment $ 283,917 $ — $ — $ 283,917 Apparel Segment 140,837 14,095 1,149 156,081 $ 424,754 $ 14,095 $ 1,149 $ 439,998

Concentrations of Risk

Concentrations of Risk	9 Months Ended
	Nov. 30, 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 November 30, 2015, cash balances included $10.5 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 November 30, 2015, the Company had $0.6 million in Canadian bank accounts and $1.9 million in Mexican bank accounts.

Subsequent Events

Subsequent Events	9 Months Ended
	Nov. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On December 18, 2015, the Board of Directors of Ennis, Inc. declared a 17 1 2

Significant Accounting Polici21

Significant Accounting Policies and General Matters (Policies)	9 Months Ended
	Nov. 30, 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 November 30, 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) Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date

Accounts Receivable and Allow22

Accounts Receivable and Allowance for Doubtful Receivables (Tables)	9 Months Ended
	Nov. 30, 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 Nine months ended 2015 2014 2015 2014 Balance at beginning of period $ 3,448 $ 3,584 $ 3,559 $ 3,672 Bad debt expense 798 494 1,412 725 Recoveries 10 10 45 29 Accounts written off (204 ) (113 ) (964 ) (451 ) Balance at end of period $ 4,052 $ 3,975 $ 4,052 $ 3,975

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Nov. 30, 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): November 30, February 28, Raw material $ 18,873 $ 18,153 Work-in-process 9,416 7,195 Finished goods 70,281 94,466 $ 98,570 $ 119,814

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Nov. 30, 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 Nine months ended Pro forma net sales $ 153,155 $ 465,891 Pro forma net earnings (loss) (70,996 ) (52,450 ) Pro forma earnings (loss) per share - diluted (2.76 ) (2.02 )

Goodwill and Other Intangible25

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Nov. 30, 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 November 30, 2015 Weighted (in years) Gross Accumulated Net Amortized intangible assets Trade names — $ 1,234 $ 1,234 $ — Customer lists 8.9 75,518 31,876 43,642 Noncompete 2.1 75 23 52 Patent 2.3 783 489 294 Total 8.9 $ 77,610 $ 33,622 $ 43,988 As of February 28, 2015 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	November 30, February 28, 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): November 30, 2015 Category Print Apparel Total Amortizing intangibles, net $ 38,122 $ 5,866 $ 43,988 Non-amortizing intangibles 15,291 13,300 28,591 Total $ 53,413 $ 19,166 $ 72,579 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 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 November 30, 2015 $ 64,537 $ — $ 64,537

Other Accrued Expenses (Tables)

Other Accrued Expenses (Tables)	9 Months Ended
	Nov. 30, 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): November 30, February 28, Accrued taxes $ 177 $ 380 Accrued legal and professional fees 710 558 Accrued interest 176 425 Accrued utilities 112 131 Accrued acquisition related obligations 668 127 Accrued credit card fees 293 277 Other accrued expenses 914 454 $ 3,050 $ 2,352

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Nov. 30, 2015
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following as of the dates indicated (in thousands): November 30, February 28, Revolving credit facility $ 45,000 $ 106,500

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Nov. 30, 2015
Equity [Abstract]
Changes in Shareholders' Equity	Changes in shareholders’ equity accounts for the nine months ended November 30, 2015 are as follows (in thousands, except share amounts): Common Stock Additional Paid-in Retained Accumulated Other Comprehensive 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 — — — 30,891 — — — 30,891 Foreign currency translation, net of deferred tax of $1,869 — — — — (3,052 ) — — (3,052 ) Dividends paid ($.525 per share) — — — (13,528 ) — — — (13,528 ) Stock based compensation — — 983 — — — — 983 Exercise of stock options and restricted stock grants — — (1,352 ) — — 77,900 1,352 — Balance November 30, 2015 30,053,443 $ 75,134 $ 121,318 $ 205,776 $ (25,249 ) (4,437,005 ) $ (77,005 ) $ 299,974

Stock Option Plan and Stock B29

Stock Option Plan and Stock Based Compensation (Tables)	9 Months Ended
	Nov. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Activity	The Company had the following stock option activity for the nine months ended November 30, 2015: Number of (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 November 30, 2015 398,249 $ 15.68 5.7 $ 1,717 Exercisable at November 30, 2015 321,824 $ 16.00 5.0 $ 1,283 (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 nine months ended November 30, 2015 and November 30, 2014: November 30, 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 Nine 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 November 30, 2015 and the changes during the nine months ended November 30, 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 November 30, 2015 76,425 $ 2.32
Restricted Stock Grants Activity	The Company had the following restricted stock grant activity for the nine months ended November 30, 2015: Number of Shares Weighted Outstanding at March 1, 2015 153,648 $ 15.30 Granted 113,648 13.69 Terminated — — Vested (77,900 ) 15.24 Outstanding at November 30, 2015 189,396 $ 14.36

Pension Plan (Tables)

Pension Plan (Tables)	9 Months Ended
	Nov. 30, 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 Nine months ended 2015 2014 2015 2014 Components of net periodic benefit cost Service cost $ 325 $ 281 $ 976 $ 842 Interest cost 592 611 1,776 1,835 Expected return on plan assets (982 ) (964 ) (2,946 ) (2,892 ) Amortization of: Prior service cost (21 ) (36 ) (64 ) (108 ) Unrecognized net loss 638 381 1,913 1,143 Net periodic benefit cost $ 552 $ 273 $ 1,655 $ 820

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Nov. 30, 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 Nine months ended 2015 2014 2015 2014 Basic weighted average common shares outstanding 25,684,026 25,753,345 25,665,069 25,926,157 Effect of dilutive options 44,118 — 27,861 — Diluted weighted average common shares outstanding 25,728,144 25,753,345 25,692,930 25,926,157 Per share amounts: Net earnings (loss) – basic $ 0.42 $ (2.76 ) $ 1.20 $ (2.05 ) Net earnings (loss) – diluted $ 0.41 $ (2.76 ) $ 1.20 $ (2.05 ) Cash dividends $ 0.175 $ 0.175 $ 0.525 $ 0.525

Segment Information and Geogr32

Segment Information and Geographic Information (Tables)	9 Months Ended
	Nov. 30, 2015
Segment Reporting [Abstract]
Schedule of Segment Data	Segment data for the three and nine months ended November 30, 2015 and November 30, 2014 were as follows (in thousands): Print Apparel Corporate Consolidated Three months ended November 30, 2015: Net sales $ 97,516 $ 41,935 $ — $ 139,451 Depreciation 1,915 876 67 2,858 Amortization of identifiable intangibles 1,149 367 — 1,516 Segment earnings (loss) before income tax 17,311 4,195 (4,563 ) 16,943 Segment assets 236,423 151,489 19,143 407,055 Capital expenditures 1,749 348 23 2,120 Three months ended November 30, 2014: Net sales $ 97,652 $ 49,319 $ — $ 146,971 Depreciation 1,599 928 67 2,594 Amortization of identifiable intangibles 1,046 367 — 1,413 Impairment of goodwill and trademarks — 93,324 — 93,324 Segment earnings (loss) before income tax 17,100 (93,218 ) (4,617 ) (80,735 ) Segment assets 229,111 196,467 19,139 444,717 Capital expenditures 615 63 19 697 Nine months ended November 30, 2015: Net sales $ 294,740 $ 146,048 $ — $ 440,788 Depreciation 5,579 2,672 201 8,452 Amortization of identifiable intangibles 3,406 1,100 — 4,506 Segment earnings (loss) before income tax 52,901 9,321 (13,189 ) 49,033 Segment assets 236,423 151,489 19,143 407,055 Capital expenditures 4,090 510 40 4,640 Nine months ended November 30, 2014: Net sales $ 283,917 $ 156,081 $ — $ 439,998 Depreciation 4,790 2,824 201 7,815 Amortization of identifiable intangibles 3,149 1,100 — 4,249 Impairment of goodwill and trademarks — 93,324 — 93,324 Segment earnings (loss) before income tax 50,877 (91,131 ) (11,833 ) (52,087 ) Segment assets 229,111 196,467 19,139 444,717 Capital expenditures 1,365 229 30 1,624
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 nine months ended is as follows (in thousands): United States Canada Mexico Total Three months ended November 30, 2015: Net sales to unaffiliated customers Print Segment $ 97,516 $ — $ — $ 97,516 Apparel Segment 37,232 4,379 324 41,935 $ 134,748 $ 4,379 $ 324 $ 139,451 As of November 30, 2015 Identifiable long-lived assets Print Segment $ 167,677 $ — $ — $ 167,677 Apparel Segment 19,234 47 33,075 52,356 Corporate 3,386 — — 3,386 $ 190,297 $ 47 $ 33,075 $ 223,419 Three months ended November 30, 2014: Net sales to unaffiliated customers Print Segment $ 97,652 $ — $ — $ 97,652 Apparel Segment 44,873 4,104 342 49,319 $ 142,525 $ 4,104 $ 342 $ 146,971 As of November 30, 2014 Identifiable long-lived assets Print Segment $ 156,328 $ — $ — $ 156,328 Apparel Segment 20,737 60 40,348 61,145 Corporate 3,603 — — 3,603 $ 180,668 $ 60 $ 40,348 $ 221,076 Nine months ended November 30, 2015: Net sales to unaffiliated customers Print Segment $ 294,740 $ — $ — $ 294,740 Apparel Segment 131,299 13,511 1,238 146,048 $ 426,039 $ 13,511 $ 1,238 $ 440,788 Nine months ended November 30, 2014: Net sales to unaffiliated customers Print Segment $ 283,917 $ — $ — $ 283,917 Apparel Segment 140,837 14,095 1,149 156,081 $ 424,754 $ 14,095 $ 1,149 $ 439,998

Accounts Receivable and Allow33

Accounts Receivable and Allowance for Doubtful Receivables - Allowance for Doubtful Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Receivables [Abstract]
Balance at beginning of period	$ 3,448	$ 3,584	$ 3,559	$ 3,672
Bad debt expense	798	494	1,412	725
Recoveries	10	10	45	29
Accounts written off	(204)	(113)	(964)	(451)
Balance at end of period	$ 4,052	$ 3,975	$ 4,052	$ 3,975

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	Feb. 28, 2015
Inventory Disclosure [Abstract]
Raw material	$ 18,873	$ 18,153
Work-in-process	9,416	7,195
Finished goods	70,281	94,466
Inventories	$ 98,570	$ 119,814

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Jun. 16, 2014	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2015	Oct. 03, 2014
Business Acquisition [Line Items]
Net sales			$ 139,451	$ 146,971	$ 440,788	$ 439,998
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			7,600		20,400		$ 25,000
Earn out provision period	3 years
Additional amount paid to sellers	$ 1,000
Earnings before income taxes			400		2,400
Sovereign [Member]
Business Acquisition [Line Items]
Total purchase consideration		$ 10,633
Net sales			5,900		18,800			$ 27,100
Earn out provision period		4 years
Additional amount paid to sellers		$ 1,000
Earnings before income taxes			$ 1,000		$ 3,100
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	Nov. 30, 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	9 Months Ended
	Nov. 30, 2014	Nov. 30, 2014
Business Combinations [Abstract]
Pro forma net sales	$ 153,155	$ 465,891
Pro forma net earnings (loss)	$ (70,996)	$ (52,450)
Pro forma earnings (loss) per share - diluted	$ (2.76)	$ (2.02)

Goodwill and Other Intangible38

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014	Feb. 28, 2015
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of asset			8 years 10 months 24 days		9 years 6 months
Amortization of trade names, customer lists, and patent	$ 1,516,000	$ 1,413,000	$ 4,506,000	$ 4,249,000
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			3,400,000	3,100,000
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			1,100,000	$ 1,100,000
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	9 Months Ended	12 Months Ended
	Nov. 30, 2015	Feb. 28, 2015
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	8 years 10 months 24 days	9 years 6 months
Gross Carrying Amount	$ 77,610	$ 76,752
Accumulated Amortization	33,622	29,116
Amortized intangible assets, Net	$ 43,988	$ 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)	8 years 10 months 24 days	9 years 7 months 6 days
Gross Carrying Amount	$ 75,518	$ 74,670
Accumulated Amortization	31,876	27,486
Amortized intangible assets, Net	$ 43,642	$ 47,184
Noncompete [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	2 years 1 month 6 days	2 years 9 months 18 days
Gross Carrying Amount	$ 75	$ 75
Accumulated Amortization	23	4
Amortized intangible assets, Net	$ 52	$ 71
Patent [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	2 years 3 months 18 days	3 years
Gross Carrying Amount	$ 783	$ 773
Accumulated Amortization	489	392
Amortized intangible assets, Net	$ 294	$ 381

Goodwill and Other Intangible40

Goodwill and Other Intangible Assets - Non-amortizing Intangible Assets (Detail) - USD ($) $ in Thousands	Nov. 30, 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	Nov. 30, 2015	Feb. 28, 2015
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Amortizing intangibles, net	$ 43,988	$ 47,636
Non-amortizing intangibles	28,591	28,591
Total	72,579	76,227
Print Segment [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Amortizing intangibles, net	38,122	40,670
Non-amortizing intangibles	15,291	15,291
Total	53,413	55,961
Apparel Segment [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Amortizing intangibles, net	5,866	6,966
Non-amortizing intangibles	13,300	13,300
Total	$ 19,166	$ 20,266

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets - Estimated Amortization Expense (Detail) $ in Thousands	Nov. 30, 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	9 Months Ended	12 Months Ended
	Nov. 30, 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	Nov. 30, 2015	Feb. 28, 2015
Payables and Accruals [Abstract]
Accrued taxes	$ 177	$ 380
Accrued legal and professional fees	710	558
Accrued interest	176	425
Accrued utilities	112	131
Accrued acquisition related obligations	668	127
Accrued credit card fees	293	277
Other accrued expenses	914	454
Other accrued expenses, Total	$ 3,050	$ 2,352

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	Feb. 28, 2015
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility	$ 45,000	$ 106,500

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	9 Months Ended
	Nov. 30, 2015	Feb. 28, 2015	Nov. 30, 2014	Sep. 19, 2013
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, outstanding borrowings	$ 45,000,000	$ 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	$ 2,100,000
Revolving credit facility, remaining borrowing capacity	102,900,000
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%, or 1.6%
Revolving credit facility, interest rate variable basis spread, option one	1.60%		1.70%
Revolving credit facility, interest rate variable basis spread, option two	1.25%		1.50%
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		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 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	$ 10,674	$ (71,179)	$ 30,891	$ (53,131)
Foreign currency translation, net of deferred tax of $1,869	223	$ (1,606)	(3,052)	$ (1,071)
Dividends paid ($.525 per share)			(13,528)
Stock based compensation			983
Ending Balance, Amount	$ 299,974		$ 299,974
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			983
Exercise of stock options and restricted stock grants			(1,352)
Ending Balance, Amount	$ 121,318		121,318
Retained Earnings [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Amount			188,413
Net earnings			30,891
Dividends paid ($.525 per share)			(13,528)
Ending Balance, Amount	205,776		205,776
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 $1,869			(3,052)
Ending Balance, Amount	(25,249)		(25,249)
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		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Statement of Stockholders' Equity [Abstract]
Deferred tax on foreign currency translation			$ 1,869
Dividends paid, per share amount	$ 0.175	$ 0.175	$ 0.525	$ 0.525

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($)	9 Months Ended
	Nov. 30, 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		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 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		$ 2
Weighted average remaining requisite service period of the unvested restricted stock awards			1 year 10 months 24 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			1 year 9 months 18 days
Selling, General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense related share based compensation before tax	0.3	$ 0.3	$ 1	$ 1
Compensation expense related share based compensation net of tax	$ 0.2	$ 0.2	$ 0.6	$ 0.6

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	Nov. 30, 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	5 years 8 months 12 days
Aggregate Intrinsic Value, Beginning Balance		$ 210
Aggregate Intrinsic Value, Ending Balance	$ 210	$ 1,717
Number of Shares, Exercisable		321,824
Weighted Average Exercise Price, Exercisable		$ 16
Weighted Average Remaining Contractual Life, Exercisable		5 years
Aggregate Intrinsic Value, Exercisable		$ 1,283

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	9 Months Ended
	Nov. 30, 2015	Nov. 30, 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		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 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	9 Months Ended
	Nov. 30, 2015	Nov. 30, 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]	9 Months Ended
	Nov. 30, 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 | $ / shares	$ 15.30
Weighted Average Grant Date Fair Value, Granted | $ / shares	13.69
Weighted Average Grant Date Fair Value, Terminated | $ / shares	0
Weighted Average Grant Date Fair Value, Vested | $ / shares	15.24
Outstanding at Ending, Weighted Average Grant Date Fair value | $ / shares	$ 14.36

Pension Plan - Additional Infor

Pension Plan - Additional Information (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Nov. 30, 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		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Components of net periodic benefit cost
Service cost	$ 325	$ 281	$ 976	$ 842
Interest cost	592	611	1,776	1,835
Expected return on plan assets	(982)	(964)	(2,946)	(2,892)
Amortization of:
Prior service cost	(21)	(36)	(64)	(108)
Unrecognized net loss	638	381	1,913	1,143
Net periodic benefit cost	$ 552	$ 273	$ 1,655	$ 820

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Earnings Per Share [Abstract]
Stock options not included in the diluted earnings per share computation	89,800	332,823	203,961	332,823

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, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	25,684,026	25,753,345	25,665,069	25,926,157
Effect of dilutive options	44,118		27,861
Diluted weighted average common shares outstanding	25,728,144	25,753,345	25,692,930	25,926,157
Per share amounts:
Net earnings (loss) - basic	$ 0.42	$ (2.76)	$ 1.20	$ (2.05)
Net earnings (loss) - diluted	0.41	(2.76)	1.20	(2.05)
Cash dividends	$ 0.175	$ 0.175	$ 0.525	$ 0.525

Segment Information and Geogr60

Segment Information and Geographic Information - Additional Information (Detail)	3 Months Ended	9 Months Ended
	Nov. 30, 2015	Nov. 30, 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	70.00%	67.00%
Number of manufacturing units throughout United States		58
Number of manufacturing units operated in strategically located domestic state		21
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	30.00%	33.00%

Segment Information and Geogr61

Segment Information and Geographic Information - Schedule of Segment Data (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014	Feb. 28, 2015
Segment Reporting Information [Line Items]
Net sales	$ 139,451	$ 146,971	$ 440,788	$ 439,998
Depreciation	2,858	2,594	8,452	7,815
Amortization of identifiable intangibles	1,516	1,413	4,506	4,249
Impairment of goodwill and trademarks		93,324		93,324
Segment earnings (loss) before income tax	16,943	(80,735)	49,033	(52,087)
Segment assets	407,055	444,717	407,055	444,717	$ 453,262
Capital expenditures	2,120	697	4,640	1,624
Print Segment [Member]
Segment Reporting Information [Line Items]
Amortization of identifiable intangibles			3,400	3,100
Apparel Segment [Member]
Segment Reporting Information [Line Items]
Amortization of identifiable intangibles			1,100	1,100
Operating Segments [Member] | Print Segment [Member]
Segment Reporting Information [Line Items]
Net sales	97,516	97,652	294,740	283,917
Depreciation	1,915	1,599	5,579	4,790
Amortization of identifiable intangibles	1,149	1,046	3,406	3,149
Impairment of goodwill and trademarks		0		0
Segment earnings (loss) before income tax	17,311	17,100	52,901	50,877
Segment assets	236,423	229,111	236,423	229,111
Capital expenditures	1,749	615	4,090	1,365
Operating Segments [Member] | Apparel Segment [Member]
Segment Reporting Information [Line Items]
Net sales	41,935	49,319	146,048	156,081
Depreciation	876	928	2,672	2,824
Amortization of identifiable intangibles	367	367	1,100	1,100
Impairment of goodwill and trademarks		93,324		93,324
Segment earnings (loss) before income tax	4,195	(93,218)	9,321	(91,131)
Segment assets	151,489	196,467	151,489	196,467
Capital expenditures	348	63	510	229
Corporate [Member]
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Depreciation	67	67	201	201
Amortization of identifiable intangibles	0	0	0	0
Impairment of goodwill and trademarks		0		0
Segment earnings (loss) before income tax	(4,563)	(4,617)	(13,189)	(11,833)
Segment assets	19,143	19,139	19,143	19,139
Capital expenditures	$ 23	$ 19	$ 40	$ 30

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		9 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	$ 139,451	$ 146,971	$ 440,788	$ 439,998
Identifiable long-lived assets	223,419	221,076	223,419	221,076
Operating Segments [Member] | Print Segment [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	97,516	97,652	294,740	283,917
Identifiable long-lived assets	167,677	156,328	167,677	156,328
Operating Segments [Member] | Apparel Segment [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	41,935	49,319	146,048	156,081
Identifiable long-lived assets	52,356	61,145	52,356	61,145
Corporate [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	0	0	0	0
Identifiable long-lived assets	3,386	3,603	3,386	3,603
United States [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	134,748	142,525	426,039	424,754
Identifiable long-lived assets	190,297	180,668	190,297	180,668
United States [Member] | Operating Segments [Member] | Print Segment [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	97,516	97,652	294,740	283,917
Identifiable long-lived assets	167,677	156,328	167,677	156,328
United States [Member] | Operating Segments [Member] | Apparel Segment [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	37,232	44,873	131,299	140,837
Identifiable long-lived assets	19,234	20,737	19,234	20,737
United States [Member] | Corporate [Member]
Segment Reporting Information [Line Items]
Identifiable long-lived assets	3,386	3,603	3,386	3,603
Canada [Member]
Segment Reporting Information [Line Items]
Net sales to unaffiliated customers	4,379	4,104	13,511	14,095
Identifiable long-lived assets	47	60	47	60
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	4,379	4,104	13,511	14,095
Identifiable long-lived assets	47	60	47	60
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	324	342	1,238	1,149
Identifiable long-lived assets	33,075	40,348	33,075	40,348
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	324	342	1,238	1,149
Identifiable long-lived assets	33,075	40,348	33,075	40,348
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 ($)	Nov. 30, 2015	Feb. 28, 2015	Nov. 30, 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	10,500,000
Cash in bank accounts	13,710,000	$ 15,346,000	$ 14,668,000	$ 5,316,000
Canada [Member]
Concentration Risk [Line Items]
Cash in bank accounts	600,000
Mexico [Member]
Concentration Risk [Line Items]
Cash in bank accounts	$ 1,900,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member]	Dec. 18, 2015$ / shares
Subsequent Event [Line Items]
Dividend payable per share	$ 0.175
Date of record of dividend	Jan. 8, 2016
Date of payment of dividend	Feb. 5, 2016