Ennis (EBF) 10-Q 8 Jul 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	May 31, 2016	Jul. 01, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
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		26,063,972

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2016	Feb. 29, 2016
Current assets
Cash	$ 122,421	$ 7,957
Accounts receivable, net of allowance for doubtful receivables of $1,787 at May 31, 2016 and $2,041 at February 29, 2016	35,979	36,546
Prepaid expenses	823	1,443
Prepaid income taxes	9,517	1,318
Inventories	27,588	27,619
Deferred income taxes	3,134	3,134
Assets held for sale		464
Current assets of discontinued operations		100,494
Total current assets	199,462	178,975
Property, plant and equipment, at cost
Plant, machinery and equipment	131,535	131,346
Land and buildings	55,730	54,985
Other	22,717	22,686
Total property, plant and equipment	209,982	209,017
Less accumulated depreciation	160,025	158,226
Net property, plant and equipment	49,957	50,791
Goodwill	64,537	64,537
Trademarks and trade names	15,291	15,291
Other intangible assets, net	36,064	36,973
Other assets	268	274
Long-term assets of discontinued operations		46,337
Total assets	365,579	393,178
Current liabilities
Accounts payable	12,425	13,738
Accrued expenses
Employee compensation and benefits	10,181	11,798
Taxes other than income	554	172
Income taxes payable		64
Other	2,095	2,133
Current liabilities of discontinued operations		12,495
Total current liabilities	25,255	40,400
Long-term debt	35,000	40,000
Liability for pension benefits	9,335	8,696
Deferred income taxes	4,670	4,670
Other liabilities	880	866
Total liabilities	75,140	94,632
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 May 31 and February 29, 2016	75,134	75,134
Additional paid-in capital	120,238	121,597
Retained earnings	184,697	206,105
Accumulated other comprehensive income (loss):
Foreign currency translation, net of taxes		(9,940)
Minimum pension liability, net of taxes	(17,345)	(17,345)
Total accumulated other comprehensive income (loss)	(17,345)	(27,285)
Treasury stock	(72,285)	(77,005)
Total shareholders' equity	290,439	298,546
Total liabilities and shareholders' equity	$ 365,579	$ 393,178

Unaudited Consolidated Balance3

Unaudited Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	May 31, 2016	Feb. 29, 2016
Statement of Financial Position [Abstract]
Allowance for doubtful receivables	$ 1,787	$ 2,041
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	$ 2.5	$ 2.5
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
	May 31, 2016	May 31, 2015
Income Statement [Abstract]
Net sales	$ 90,410	$ 96,769
Cost of goods sold	63,716	66,805
Gross profit margin	26,694	29,964
Selling, general and administrative	16,071	16,053
(Gain) loss from disposal of assets	6	(2)
Income from operations	10,617	13,913
Other income (expense)
Interest expense	(2)	(3)
Other, net	(7)
Total other expense	(9)	(3)
Earnings from continuing operations before income taxes	10,608	13,910
Provision for income taxes	3,925	5,147
Earnings from continuing operations	6,683	8,763
Income from discontinued operations, net of tax	2,481	408
Loss on sale of discontinued operations, net of tax	(26,042)
Earnings (loss) from discontinued operations, net of tax	(23,561)	408
Net earnings (loss)	$ (16,878)	$ 9,171
Weighted average common shares outstanding
Basic	25,783,770	25,586,596
Diluted	25,810,735	25,599,055
Earnings (loss) per share - basic
Continuing operations	$ 0.26	$ 0.34
Discontinued operations	(0.91)	0.02
Net earnings (loss)	(0.65)	0.36
Earnings (loss) per share - diluted
Continuing operations	0.26	0.34
Discontinued operations	(0.91)	0.02
Net earnings (loss)	(0.65)	0.36
Cash dividends per share	$ 0.175	$ 0.175

Unaudited Consolidated Stateme5

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2016	May 31, 2015
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ (16,878)	$ 9,171
Foreign currency translation adjustment, net of deferred taxes	9,940	(664)
Comprehensive income (loss)	$ (6,938)	$ 8,507

Unaudited Consolidated Stateme6

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	May 31, 2016	May 31, 2015
Cash flows from operating activities:
Net earnings (loss)	$ (16,878)	$ 9,171
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation	1,983	1,813
Amortization of trade names, customer lists, and patent	1,159	1,125
Pre-tax loss on sale of discontinued operations	36,775
Operating cash flows of discontinued operations	538	11,323
(Gain) loss from disposal of assets	6	(2)
Bad debt expense (recovery)	(19)	207
Stock based compensation	339	332
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable	586	3,789
Prepaid expenses and income taxes	(7,576)	2,217
Inventories	124	(581)
Other assets	6	219
Accounts payable and accrued expenses	(2,649)	126
Other liabilities	14	(293)
Liability for pension benefits	639	552
Net cash provided by operating activities	15,047	29,998
Cash flows from investing activities:
Capital expenditures	(428)	(1,176)
Purchase of businesses, net of cash acquired	(617)
Proceeds from sale of discontinued operations	107,354
Investing cash flows of discontinued operations	(279)	(43)
Proceeds from disposal of plant and property	7	16
Net cash provided by (used in) investing activities	106,037	(1,203)
Cash flows from financing activities:
Repayment of debt	(5,000)	(17,530)
Dividends	(4,530)	(4,496)
Financing cash flows of discontinued operations		(3,470)
Proceeds from exercise of stock options	2,910
Net cash used in financing activities	(6,620)	(25,496)
Effect of exchange rate changes on cash		(332)
Net change in cash	114,464	2,967
Cash at beginning of period	7,957	13,357
Cash at end of period	$ 122,421	$ 16,324

Significant Accounting Policies

Significant Accounting Policies and General Matters	3 Months Ended
	May 31, 2016
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 May 31, 2016 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 On May 25, 2016, the Company sold Alstyle Apparel, LLC and its subsidiaries, which constituted the Company’s Apparel Segment, to Gildan Activewear Inc. As a result of this action, the current year and prior year disclosures reflect these operations as discontinued operations and prior year financial information has been restated to reflect this accounting treatment. Recent Accounting Pronouncements In January 2016, the Financial Accounting Standards Board (“ FASB ASU Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities ASU 2016-01 In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes ASU 2015-17 ASU 2015-17 In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ASU 2016-02 , direct financing leases. The standard requires a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements and is effective in the first quarter of 2019. Early adoption of ASU 2016-02 is permitted. The Company is currently evaluating the impact the adoption of ASU 2016-02 will have on its consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) ASU 2014-09 Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date ASU 2015-14

Accounts Receivable and Allowan

Accounts Receivable and Allowance for Doubtful Receivables	3 Months Ended
	May 31, 2016
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 2016 2015 Balance at beginning of period $ 2,041 $ 2,158 Bad debt expense (recovery) (19 ) 207 Recoveries 21 10 Accounts written off (256 ) (118 ) Balance at end of period $ 1,787 $ 2,257

Inventories

Inventories	3 Months Ended
	May 31, 2016
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 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): May 31, February 29, Raw material $ 16,149 $ 15,983 Work-in-process 3,094 3,099 Finished goods 8,345 8,537 $ 27,588 $ 27,619

Acquisitions

Acquisitions	3 Months Ended
	May 31, 2016
Business Combinations [Abstract]
Acquisitions	4. Acquisitions On March 19, 2016, the Company acquired the assets of Major Business Systems, Inc. (“ Major 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.

Discontinued Operations

Discontinued Operations	3 Months Ended
	May 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	5. Discontinued Operations On April 1, 2016, the Company entered into a Unit Purchase Agreement (the “ Initial Purchase Agreement Initial Buyer Apparel Segment Under the Initial Purchase Agreement, the Company retained the right to terminate such agreement in the event that the Company received an unsolicited purchase offer for the Apparel Segment that was not matched by the Initial Buyer, which, in the judgment of the Board of Directors of the Company (the “ Board On May 4, 2016, the Company received what the Board determined to be a superior offer from Gildan Activewear Inc. (“ Gildan Gildan Purchase Agreement Balance sheet information for the Apparel Segment presented as discontinued operations is summarized as follows (in thousands): February 29, Current assets: Cash $ 2,468 Accounts receivable, net 18,325 Prepaid expenses and income taxes 3,859 Inventories 72,691 Deferred income taxes 3,151 Total current assets $ 100,494 Long-term assets: Property, plant and equipment, net $ 30,543 Trademarks and trade names 9,170 Customer lists 5,499 Other assets 1,125 Total long-term assets $ 46,337 Current liabilities: Accounts payable $ 8,050 Employee compensation and benefits 4,065 Other current liabilities 380 Total current liabilities $ 12,495 The operating results of these discontinued operations only reflect revenues and expenses that are directly attributable to the Apparel Segment and that will be eliminated from ongoing operations. The key components from discontinued operations related to the Apparel Segment were as follows (in thousands): Sales price $ 110,000 Net book value of assets (130,174 ) Expenses related to sales (1) (4,365 ) Loss on sale before write-off of foreign currency translation adjustment (24,539 ) Write-off of foreign currency translation adjustments recorded in other comprehensive income (16,109 ) Loss on sale of sale of discontinued operations $ (40,648 ) (1) Included in this amount is the $3.0 million termination fee paid as a result of the termination of the Initial Purchase Agreement for the sale of the Apparel Segment. Three months ended 2016 2015 Net sales $ 41,038 $ 53,807 Income from discontinued operations before income taxes 3,873 648 Loss on sale of discontinued operations before income taxes (40,648 ) — Income (loss) on discontinued operations before income taxes (36,775 ) 648 Income tax expense (benefit) (13,214 ) 240 Net earnings (loss) from discontinued operations $ (23,561 ) $ 408

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	May 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	6. 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 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 May 31, 2016 Weighted (in years) Gross Accumulated Net Amortized intangible assets Trade names — $ 1,234 $ 1,234 $ — Customer lists 9.2 53,669 17,965 35,704 Noncompete 1.6 175 42 133 Patent 1.8 783 556 227 Total 9.2 $ 55,861 $ 19,797 $ 36,064 As of February 29, 2016 Amortized intangible assets Trade names — $ 1,234 $ 1,234 $ — Customer lists 8.7 53,519 16,852 36,667 Noncompete 1.8 75 29 46 Patent 2.0 783 523 260 Total 8.7 $ 55,611 $ 18,638 $ 36,973 May 31, February 29, Non-amortizing intangible assets Trademarks and trade names $ 15,291 $ 15,291 Aggregate amortization expense for the three months ended May 31, 2016 and May 31, 2015 was $1.2 million and $1.1 million, respectively. The Company’s estimated amortization expense for the next five fiscal years ending in February of the stated fiscal year is as follows (in thousands): 2017 $4,716 2018 4,504 2019 3,987 2020 3,867 2021 3,797 Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands): Balance as of March 1, 2015 $ 64,489 Goodwill acquired 48 Goodwill impairment — Balance as of February 29, 2016 64,537 Goodwill acquired — Goodwill impairment — Balance as of May 31, 2016 $ 64,537 During the three months ended May 31, 2015, $48,000 was added to goodwill related to the acquisition of Sovereign Business Forms.

Other Accrued Expenses

Other Accrued Expenses	3 Months Ended
	May 31, 2016
Text Block [Abstract]
Other Accrued Expenses	7. Other Accrued Expenses The following table summarizes the components of other accrued expenses as of the dates indicated (in thousands): May 31, February 29, Accrued taxes $ 206 $ 156 Accrued legal and professional fees 216 409 Accrued interest 25 147 Accrued utilities 90 90 Accrued acquisition related obligations 659 666 Accrued credit card fees 260 246 Other accrued expenses 639 419 $ 2,095 $ 2,133

Long-Term Debt

Long-Term Debt	3 Months Ended
	May 31, 2016
Debt Disclosure [Abstract]
Long-Term Debt	8. Long-Term Debt Long-term debt consisted of the following as of the dates indicated (in thousands): May 31, February 29, Revolving credit facility $ 35,000 $ 40,000 In connection with the all cash sale of the Apparel Segment and the special dividend declared by the Company as a result thereof, the Company entered into the Fourth Amendment and Fifth Amendment, dated May 25, 2016 and June 20, 2016, respectively, to its Second Amended and Restated Credit Agreement pursuant to which the Company is extended a revolving credit line (as amended, the “ Credit Facility The Credit Facility bears interest at the London Interbank Offered Rate (“ LIBOR EBITDA

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	May 31, 2016
Equity [Abstract]
Shareholders' Equity	9. Shareholders’ Equity Changes in shareholders’ equity accounts for the three months ended May 31, 2016 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, 2016 30,053,443 $ 75,134 $ 121,597 $ 206,105 $ (27,285 ) (4,437,005 ) $ (77,005 ) $ 298,546 Net loss — — — (16,878 ) — — — (16,878 ) Foreign currency translation, net of deferred tax of $6,087 — — — — 9,940 — — 9,940 Dividends paid ($0.175 per share) — — — (4,530 ) — — — (4,530 ) Stock based compensation — — 339 — — — — 339 Stock based compensation allocated to loss on sale of discontinued operations — — 112 — — — — 112 Exercise of stock options and restricted stock — — (1,810 ) — — 282,988 4,720 2,910 Balance May 31, 2016 30,053,443 $ 75,134 $ 120,238 $ 184,697 $ (17,345 ) (4,154,017 ) $ (72,285 ) $ 290,439 The Board has authorized the repurchase of up to an aggregate of $20.0 million of the Company’s outstanding common stock through a stock repurchase program. Under the 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. There were no repurchases of common stock during the three months ended May 31, 2016. Since the program’s inception in October 2008, there has been 718,511 common shares repurchased at an average price of $13.74 per share. As of May 31, 2016 there was $10.1 million available to repurchase shares of the Company’s common stock under the program.

Stock Option Plan and Stock Bas

Stock Option Plan and Stock Based Compensation	3 Months Ended
	May 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Plan and Stock Based Compensation	10. 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 May 31, 2016, 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 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 May 31, 2016 and May 31, 2015, the Company included compensation expense related to share-based compensation of $0.3 million ($0.2 million net of tax), and $0.3 million ($0.2 million net of tax), respectively, in selling, general, and administrative expenses. Stock Options The Company had the following stock option activity for the three months ended May 31, 2016: Number of (exact quantity) Weighted Weighted (in years) Aggregate (in thousands) Outstanding at March 1, 2016 370,949 $ 15.38 5.9 $ 1,616 Granted — — Terminated — — Exercised (193,453 ) 15.04 Outstanding at May 31, 2016 177,496 $ 15.76 4.9 $ 453 Exercisable at May 31, 2016 172,423 $ 15.79 4.8 $ 434 (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. No stock options were granted during the three months ended May 31, 2016. The following is a summary of the assumptions used and the weighted average grant-date fair value of the stock options granted during the three months ended May 31, 2015: May 31, Expected volatility 24.06 % Expected term (years) 3 Risk free interest rate 0.89 % Dividend yield 4.92 % Weighted average grant-date fair value $ 2.24 A summary of the stock options exercised and tax benefits realized from stock based compensation is presented below (in thousands): Three months ended 2016 2015 Total cash received $ 2,910 $ — Income tax benefits — — Total grant-date fair value 532 — Intrinsic value 969 — A summary of the Company’s unvested stock options at May 31, 2016 and the changes during the three months ended May 31, 2016 are presented below: Number of Options Weighted Unvested at March 1, 2016 76,425 $ 2.32 New grants — — Vested (71,352 ) 2.32 Forfeited — — Unvested at May 31, 2016 5,073 $ 2.41 As of May 31, 2016, there was $8,000 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 1.5 years. Restricted Stock The Company had the following restricted stock grant activity for the three months ended May 31, 2016: Number of Weighted Outstanding at March 1, 2016 189,396 $ 14.36 Granted 64,685 19.63 Terminated — — Vested (89,535 ) 14.46 Outstanding at May 31, 2016 164,546 $ 16.37 As of May 31, 2016, the total remaining unrecognized compensation cost related to unvested restricted stock granted under the Plan was approximately $2.5 million. The weighted average remaining requisite service period of the unvested restricted stock awards was 2.1 years.

Pension Plan

Pension Plan	3 Months Ended
	May 31, 2016
Compensation and Retirement Disclosure [Abstract]
Pension Plan	11. Pension Plan The Company and certain subsidiaries have a noncontributory defined benefit retirement plan (the “ Pension Plan 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 2016 2015 Components of net periodic benefit cost Service cost $ 291 $ 325 Interest cost 593 592 Expected return on plan assets (916 ) (982 ) Amortization of: Prior service cost — (21 ) Unrecognized net loss 671 638 Net periodic benefit cost $ 639 $ 552 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 Funding Act (HATFA) in August 2014, plan sponsors can calculate the discount rate used to measure the Pension Plan liability using a 25-year average of interest rates plus or minus a corridor. The Company’s minimum required contribution to the Pension Plan is zero for the Pension Plan year ending February 28, 2017. 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 2017. The Company contributed $3.0 million to the Pension Plan during fiscal year 2016.

Earnings (loss) per Share

Earnings (loss) per Share	3 Months Ended
	May 31, 2016
Earnings Per Share [Abstract]
Earnings (loss) per Share	12. Earnings (loss) per Share Basic earnings (loss) per share have been computed by dividing net earnings by the weighted average number of common shares outstanding during the applicable period. Diluted earnings (loss) 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 months ended May 31, 2016, all options were included in the diluted earnings (loss) per share computation because their average fair market value exceeded the exercise price of the Company’s stock. For the three months ended May 31, 2015, 320,094 shares 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 (loss) per share for the periods indicated: Three months ended May 31, 2016 2015 Basic weighted average common shares outstanding 25,783,770 25,586,596 Effect of dilutive options 26,965 12,459 Diluted weighted average common shares outstanding 25,810,735 25,599,055 Earnings (loss) per share - basic and diluted Earnings per share on continuing operations $ 0.26 $ 0.34 Earnings per share on discontinued operations 0.10 0.02 Loss per share on sale of discontinued operations (1.01 ) — Earnings (loss) on discontinued operations (0.91 ) 0.02 Net earnings (loss) $ (0.65 ) $ 0.36 Cash dividends $ 0.175 $ 0.175

Concentrations of Risk

Concentrations of Risk	3 Months Ended
	May 31, 2016
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

Subsequent Events

Subsequent Events	3 Months Ended
	May 31, 2016
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On June 20, 2016, the Board declared a quarterly cash dividend of 17 1 2

Significant Accounting Polici21

Significant Accounting Policies and General Matters (Policies)	3 Months Ended
	May 31, 2016
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 May 31, 2016 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 On May 25, 2016, the Company sold Alstyle Apparel, LLC and its subsidiaries, which constituted the Company’s Apparel Segment, to Gildan Activewear Inc. As a result of this action, the current year and prior year disclosures reflect these operations as discontinued operations and prior year financial information has been restated to reflect this accounting treatment.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2016, the Financial Accounting Standards Board (“ FASB ASU Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities ASU 2016-01 In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes ASU 2015-17 ASU 2015-17 In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ASU 2016-02 , direct financing leases. The standard requires a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements and is effective in the first quarter of 2019. Early adoption of ASU 2016-02 is permitted. The Company is currently evaluating the impact the adoption of ASU 2016-02 will have on its consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) ASU 2014-09 Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date ASU 2015-14

Accounts Receivable and Allow22

Accounts Receivable and Allowance for Doubtful Receivables (Tables)	3 Months Ended
	May 31, 2016
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 2016 2015 Balance at beginning of period $ 2,041 $ 2,158 Bad debt expense (recovery) (19 ) 207 Recoveries 21 10 Accounts written off (256 ) (118 ) Balance at end of period $ 1,787 $ 2,257

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	May 31, 2016
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): May 31, February 29, Raw material $ 16,149 $ 15,983 Work-in-process 3,094 3,099 Finished goods 8,345 8,537 $ 27,588 $ 27,619

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	May 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations Related to Apparel Segment	Balance sheet information for the Apparel Segment presented as discontinued operations is summarized as follows (in thousands): February 29, Current assets: Cash $ 2,468 Accounts receivable, net 18,325 Prepaid expenses and income taxes 3,859 Inventories 72,691 Deferred income taxes 3,151 Total current assets $ 100,494 Long-term assets: Property, plant and equipment, net $ 30,543 Trademarks and trade names 9,170 Customer lists 5,499 Other assets 1,125 Total long-term assets $ 46,337 Current liabilities: Accounts payable $ 8,050 Employee compensation and benefits 4,065 Other current liabilities 380 Total current liabilities $ 12,495 The operating results of these discontinued operations only reflect revenues and expenses that are directly attributable to the Apparel Segment and that will be eliminated from ongoing operations. The key components from discontinued operations related to the Apparel Segment were as follows (in thousands): Sales price $ 110,000 Net book value of assets (130,174 ) Expenses related to sales (1) (4,365 ) Loss on sale before write-off of foreign currency translation adjustment (24,539 ) Write-off of foreign currency translation adjustments recorded in other comprehensive income (16,109 ) Loss on sale of sale of discontinued operations $ (40,648 ) (1) Included in this amount is the $3.0 million termination fee paid as a result of the termination of the Initial Purchase Agreement for the sale of the Apparel Segment. Three months ended 2016 2015 Net sales $ 41,038 $ 53,807 Income from discontinued operations before income taxes 3,873 648 Loss on sale of discontinued operations before income taxes (40,648 ) — Income (loss) on discontinued operations before income taxes (36,775 ) 648 Income tax expense (benefit) (13,214 ) 240 Net earnings (loss) from discontinued operations $ (23,561 ) $ 408

Goodwill and Other Intangible25

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	May 31, 2016
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 May 31, 2016 Weighted (in years) Gross Accumulated Net Amortized intangible assets Trade names — $ 1,234 $ 1,234 $ — Customer lists 9.2 53,669 17,965 35,704 Noncompete 1.6 175 42 133 Patent 1.8 783 556 227 Total 9.2 $ 55,861 $ 19,797 $ 36,064 As of February 29, 2016 Amortized intangible assets Trade names — $ 1,234 $ 1,234 $ — Customer lists 8.7 53,519 16,852 36,667 Noncompete 1.8 75 29 46 Patent 2.0 783 523 260 Total 8.7 $ 55,611 $ 18,638 $ 36,973
Non-amortizing Intangible Assets	May 31, February 29, Non-amortizing intangible assets Trademarks and trade names $ 15,291 $ 15,291
Estimated Amortization Expense	The Company’s estimated amortization expense for the next five fiscal years ending in February of the stated fiscal year is as follows (in thousands): 2017 $4,716 2018 4,504 2019 3,987 2020 3,867 2021 3,797
Changes in Net Carrying Amount of Goodwill	Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands): Balance as of March 1, 2015 $ 64,489 Goodwill acquired 48 Goodwill impairment — Balance as of February 29, 2016 64,537 Goodwill acquired — Goodwill impairment — Balance as of May 31, 2016 $ 64,537

Other Accrued Expenses (Tables)

Other Accrued Expenses (Tables)	3 Months Ended
	May 31, 2016
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): May 31, February 29, Accrued taxes $ 206 $ 156 Accrued legal and professional fees 216 409 Accrued interest 25 147 Accrued utilities 90 90 Accrued acquisition related obligations 659 666 Accrued credit card fees 260 246 Other accrued expenses 639 419 $ 2,095 $ 2,133

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	May 31, 2016
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following as of the dates indicated (in thousands): May 31, February 29, Revolving credit facility $ 35,000 $ 40,000

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	May 31, 2016
Equity [Abstract]
Changes in Shareholders' Equity	Changes in shareholders’ equity accounts for the three months ended May 31, 2016 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, 2016 30,053,443 $ 75,134 $ 121,597 $ 206,105 $ (27,285 ) (4,437,005 ) $ (77,005 ) $ 298,546 Net loss — — — (16,878 ) — — — (16,878 ) Foreign currency translation, net of deferred tax of $6,087 — — — — 9,940 — — 9,940 Dividends paid ($0.175 per share) — — — (4,530 ) — — — (4,530 ) Stock based compensation — — 339 — — — — 339 Stock based compensation allocated to loss on sale of discontinued operations — — 112 — — — — 112 Exercise of stock options and restricted stock — — (1,810 ) — — 282,988 4,720 2,910 Balance May 31, 2016 30,053,443 $ 75,134 $ 120,238 $ 184,697 $ (17,345 ) (4,154,017 ) $ (72,285 ) $ 290,439

Stock Option Plan and Stock B29

Stock Option Plan and Stock Based Compensation (Tables)	3 Months Ended
	May 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Activity	The Company had the following stock option activity for the three months ended May 31, 2016: Number of (exact quantity) Weighted Weighted (in years) Aggregate (in thousands) Outstanding at March 1, 2016 370,949 $ 15.38 5.9 $ 1,616 Granted — — Terminated — — Exercised (193,453 ) 15.04 Outstanding at May 31, 2016 177,496 $ 15.76 4.9 $ 453 Exercisable at May 31, 2016 172,423 $ 15.79 4.8 $ 434 (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 three months ended May 31, 2015: May 31, Expected volatility 24.06 % Expected term (years) 3 Risk free interest rate 0.89 % Dividend yield 4.92 % Weighted average grant-date fair value $ 2.24
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 2016 2015 Total cash received $ 2,910 $ — Income tax benefits — — Total grant-date fair value 532 — Intrinsic value 969 —
Summary of Unvested Stock Options	A summary of the Company’s unvested stock options at May 31, 2016 and the changes during the three months ended May 31, 2016 are presented below: Number of Options Weighted Unvested at March 1, 2016 76,425 $ 2.32 New grants — — Vested (71,352 ) 2.32 Forfeited — — Unvested at May 31, 2016 5,073 $ 2.41
Restricted Stock Grant Activity	The Company had the following restricted stock grant activity for the three months ended May 31, 2016: Number of Weighted Outstanding at March 1, 2016 189,396 $ 14.36 Granted 64,685 19.63 Terminated — — Vested (89,535 ) 14.46 Outstanding at May 31, 2016 164,546 $ 16.37

Pension Plan (Tables)

Pension Plan (Tables)	3 Months Ended
	May 31, 2016
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 2016 2015 Components of net periodic benefit cost Service cost $ 291 $ 325 Interest cost 593 592 Expected return on plan assets (916 ) (982 ) Amortization of: Prior service cost — (21 ) Unrecognized net loss 671 638 Net periodic benefit cost $ 639 $ 552

Earnings (loss) per Share (Tabl

Earnings (loss) per Share (Tables)	3 Months Ended
	May 31, 2016
Earnings Per Share [Abstract]
Computation for Basic and Diluted Earnings (loss) per Share	The following table sets forth the computation for basic and diluted earnings (loss) per share for the periods indicated: Three months ended May 31, 2016 2015 Basic weighted average common shares outstanding 25,783,770 25,586,596 Effect of dilutive options 26,965 12,459 Diluted weighted average common shares outstanding 25,810,735 25,599,055 Earnings (loss) per share - basic and diluted Earnings per share on continuing operations $ 0.26 $ 0.34 Earnings per share on discontinued operations 0.10 0.02 Loss per share on sale of discontinued operations (1.01 ) — Earnings (loss) on discontinued operations (0.91 ) 0.02 Net earnings (loss) $ (0.65 ) $ 0.36 Cash dividends $ 0.175 $ 0.175

Accounts Receivable and Allow32

Accounts Receivable and Allowance for Doubtful Receivables - Allowance for Doubtful Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2016	May 31, 2015
Receivables [Abstract]
Balance at beginning of period	$ 2,041	$ 2,158
Bad debt expense (recovery)	(19)	207
Recoveries	21	10
Accounts written off	(256)	(118)
Balance at end of period	$ 1,787	$ 2,257

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	May 31, 2016	Feb. 29, 2016
Inventory Disclosure [Abstract]
Raw material	$ 16,149	$ 15,983
Work-in-process	3,094	3,099
Finished goods	8,345	8,537
Inventories	$ 27,588	$ 27,619

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Millions	Mar. 19, 2016	Jul. 31, 2015
CMC Group, Inc. [Member]
Business Acquisition [Line Items]
Total purchase consideration		$ 0.3
Major Business Systems, Inc [Member]
Business Acquisition [Line Items]
Total cash purchase consideration for assets acquired	$ 0.6

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) - Alstyle Apparel, LLC [Member] - USD ($) $ in Millions	May 04, 2016	Apr. 01, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Initial purchase agreement, aggregate purchase price		$ 88
Purchase price, cash to be received		76
Initial purchase agreement, purchase price to be received pursuant to a capital lease		$ 12
Period to provide transition services to the Initial Buyer		18 months
Gildan Activewear Inc. [Member] | Gildan Purchase Agreement [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price, cash to be received	$ 110
Purchase agreement, termination fee	$ 3

Discontinued Operations - Summa

Discontinued Operations - Summary of Discontinued Operation of Balance Sheet Information for Apparel Segment (Detail) $ in Thousands	Feb. 29, 2016USD ($)
Current assets:
Total current assets	$ 100,494
Long-term assets:
Total long-term assets	46,337
Current liabilities:
Total current liabilities	12,495
Apparel Segment [Member]
Current assets:
Cash	2,468
Accounts receivable, net	18,325
Prepaid expenses and income taxes	3,859
Inventories	72,691
Deferred income taxes	3,151
Total current assets	100,494
Long-term assets:
Property, plant and equipment, net	30,543
Other assets	1,125
Total long-term assets	46,337
Current liabilities:
Accounts payable	8,050
Employee compensation and benefits	4,065
Other current liabilities	380
Total current liabilities	12,495
Apparel Segment [Member] | Customer Lists [Member]
Long-term assets:
Intangible assets	5,499
Apparel Segment [Member] | Trademarks and Trade Names [Member]
Long-term assets:
Intangible assets	$ 9,170

Discontinued Operations - Sched

Discontinued Operations - Schedule of Discontinued Operations Related to the Apparel Segment (Detail) - USD ($) $ in Thousands		3 Months Ended
		May 31, 2016	May 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) on discontinued operations before income taxes		$ (36,775)
Earnings (loss) from discontinued operations, net of tax		(23,561)	$ 408
Apparel Segment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales price		110,000
Net book value of assets		(130,174)
Expenses related to sales	[1]	(4,365)
Loss on sale before write-off of foreign currency translation adjustment		(24,539)
Write-off of foreign currency translation adjustments recorded in other comprehensive income		(16,109)
Loss on sale of sale of discontinued operations		(40,648)
Net sales		41,038	53,807
Income from discontinued operations before income taxes		3,873	648
Income (loss) on discontinued operations before income taxes		(36,775)	648
Income tax expense (benefit)		(13,214)	240
Earnings (loss) from discontinued operations, net of tax		$ (23,561)	$ 408
[1]	Included in this amount is the $3.0 million termination fee paid as a result of the termination of the Initial Purchase Agreement for the sale of the Apparel Segment.

Discontinued Operations - Sch38

Discontinued Operations - Schedule of Discontinued Operations Related to the Apparel Segment (Parenthetical) (Detail) $ in Millions	May 31, 2016USD ($)
Apparel Segment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Termination fee paid	$ 3

Goodwill and Other Intangible39

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	May 31, 2016	May 31, 2015	Feb. 29, 2016
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of asset	9 years 2 months 12 days		8 years 8 months 12 days
Amortization of trade names, customer lists, and patent	$ 1,159,000	$ 1,125,000
Goodwill acquired			$ 48,000
Sovereign [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired		$ 48,000
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 Intangible40

Goodwill and Other Intangible Assets - Carrying Amount and Accumulated Amortization of Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 31, 2016	Feb. 29, 2016
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	9 years 2 months 12 days	8 years 8 months 12 days
Gross Carrying Amount	$ 55,861	$ 55,611
Accumulated Amortization	19,797	18,638
Amortized intangible assets, Net	$ 36,064	$ 36,973
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
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	9 years 2 months 12 days	8 years 8 months 12 days
Gross Carrying Amount	$ 53,669	$ 53,519
Accumulated Amortization	17,965	16,852
Amortized intangible assets, Net	$ 35,704	$ 36,667
Noncompete [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	1 year 7 months 6 days	1 year 9 months 18 days
Gross Carrying Amount	$ 175	$ 75
Accumulated Amortization	42	29
Amortized intangible assets, Net	$ 133	$ 46
Patent [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	1 year 9 months 18 days	2 years
Gross Carrying Amount	$ 783	$ 783
Accumulated Amortization	556	523
Amortized intangible assets, Net	$ 227	$ 260

Goodwill and Other Intangible41

Goodwill and Other Intangible Assets - Non-amortizing Intangible Assets (Detail) - USD ($) $ in Thousands	May 31, 2016	Feb. 29, 2016
Non-amortizing intangible assets
Non-amortizing intangible assets, Trademarks and trade names	$ 15,291	$ 15,291

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets - Estimated Amortization Expense (Detail) $ in Thousands	May 31, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,017	$ 4,716
2,018	4,504
2,019	3,987
2,020	3,867
2,021	$ 3,797

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets - Changes in Net Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 31, 2016	Feb. 29, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Beginning balance	$ 64,537	$ 64,489
Goodwill acquired		48
Goodwill impairment	0	0
Goodwill, Ending balance	$ 64,537	$ 64,537

Other Accrued Expenses - Compon

Other Accrued Expenses - Components of Other Accrued Expenses (Detail) - USD ($) $ in Thousands	May 31, 2016	Feb. 29, 2016
Payables and Accruals [Abstract]
Accrued taxes	$ 206	$ 156
Accrued legal and professional fees	216	409
Accrued interest	25	147
Accrued utilities	90	90
Accrued acquisition related obligations	659	666
Accrued credit card fees	260	246
Other accrued expenses	639	419
Other accrued expenses, Total	$ 2,095	$ 2,133

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	May 31, 2016	Feb. 29, 2016
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility	$ 35,000	$ 40,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	3 Months Ended
	May 31, 2016	Feb. 29, 2016	May 31, 2015
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, outstanding borrowings	$ 35,000,000	$ 40,000,000
Second Amendment [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, interest rate description	London Interbank Offered Rate ("LIBOR") plus a spread ranging from 1.0% to 2.25%, or 1.8% (LIBOR + 1.25%) at May 31, 2016 and 1.76%
Revolving credit facility, interest rate variable basis spread, option one	1.80%		1.76%
Revolving credit facility, interest rate variable basis spread, option two	1.25%		1.25%
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%
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	62,900,000
Fourth Amendment [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	100,000,000
Minimum tangible net worth required	$ 75,000,000
Minimum tangible net worth percentage	25.00%
Credit facility maturity date	Aug. 18, 2016
Extend credit facility maturity date	Aug. 19, 2017
Fourth Amendment [Member] | Revolving Credit Facility [Member] | In certain circumstances [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 150,000,000

Shareholders' Equity - Changes

Shareholders' Equity - Changes in Shareholders' Equity (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2016	May 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Amount	$ 298,546
Beginning Balance, Shares	30,053,443
Net loss	$ (16,878)	$ 9,171
Foreign currency translation, net of deferred tax of $6,087	9,940	$ (664)
Dividends paid ($0.175 per share)	(4,530)
Stock based compensation	339
Stock based compensation allocated to loss on sale of discontinued operations	112
Exercise of stock options and restricted stock	2,910
Ending Balance, Amount	$ 290,439
Ending Balance, Shares	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
Ending Balance, Shares	30,053,443
Additional Paid-in Capital [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Amount	$ 121,597
Stock based compensation	339
Stock based compensation allocated to loss on sale of discontinued operations	112
Exercise of stock options and restricted stock	(1,810)
Ending Balance, Amount	120,238
Retained Earnings [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Amount	206,105
Net loss	(16,878)
Dividends paid ($0.175 per share)	(4,530)
Ending Balance, Amount	184,697
Accumulated Other Comprehensive Income (Loss) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Amount	(27,285)
Foreign currency translation, net of deferred tax of $6,087	9,940
Ending Balance, Amount	(17,345)
Treasury Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Amount	$ (77,005)
Beginning Balance, Treasury Stock, Shares	(4,437,005)
Exercise of stock options and restricted stock	$ 4,720
Exercise of stock options and restricted stock, shares	282,988
Ending Balance, Amount	$ (72,285)
Ending Balance, Treasury Stock, Shares	(4,154,017)

Shareholders' Equity - Change48

Shareholders' Equity - Changes in Shareholders' Equity (Parenthetical) (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	May 31, 2016	May 31, 2015
Statement of Stockholders' Equity [Abstract]
Deferred Tax on foreign currency Translation	$ 6,087
Dividends paid, per share amount	$ 0.175	$ 0.175

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail)	May 31, 2016USD ($)	May 31, 2016USD ($)	May 31, 2016USD ($)$ / sharesshares
Statement of Stockholders' Equity [Abstract]
Repurchase of common stock through a stock repurchase program	$ 20,000,000	$ 20,000,000	$ 20,000,000
Common stock shares repurchased | shares			718,511
Common stock average price, repurchased | $ / shares			$ 13.74
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 ($)	3 Months Ended
	May 31, 2016	May 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unissued common stock reserved	601,308
Stock option award maximum term	10 years
Share based compensation arrangements by share based payment award vesting period maximum	5 years
Number of stock options granted	0
Unrecognized compensation cost related to unvested stock options granted	$ 8,000
Remaining unrecognized compensation cost related to unvested restricted stock	$ 2,500,000
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	1 year 6 months
Selling, General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense related share based compensation before tax	$ 300,000	$ 300,000
Compensation expense related share based compensation net of tax	$ 200,000	$ 200,000

Stock Option Plan and Stock B51

Stock Option Plan and Stock Based Compensation - Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	May 31, 2016	Mar. 01, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of Shares, Options Outstanding, Beginning Balance	370,949
Number of Shares, Granted	0
Number of Shares, Terminated	0
Number of Shares, Exercised	(193,453)
Number of Shares, Options Outstanding, Ending Balance	177,496
Weighted Average Exercise Price, Beginning Balance	$ 15.38
Weighted Average Exercise Price, Granted	0
Weighted Average Exercise Price, Terminated	0
Weighted Average Exercise Price, Exercised	15.04
Weighted Average Exercise Price, Ending Balance	$ 15.76
Weighted Average Remaining Contractual Life, Ending Balance	4 years 10 months 24 days
Aggregate Intrinsic Value	$ 453	$ 1,616
Number of Shares, Exercisable	172,423
Weighted Average Exercise Price, Exercisable	$ 15.79
Weighted Average Remaining Contractual Life, Exercisable	4 years 9 months 18 days
Aggregate Intrinsic Value, Exercisable	$ 434

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	3 Months Ended
	May 31, 2016	May 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected volatility		24.06%
Expected term (years)		3 years
Risk free interest rate		0.89%
Dividend yield		4.92%
Weighted average grant-date fair value	$ 0	$ 2.24

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
	May 31, 2016	May 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Total cash received	$ 2,910
Income tax benefits	0	$ 0
Total grant-date fair value	532
Intrinsic value	$ 969

Stock Option Plan and Stock B54

Stock Option Plan and Stock Based Compensation - Summary of Unvested Stock Options (Detail) - $ / shares	3 Months Ended
	May 31, 2016	May 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Unvested Beginning Balance, Number of Options	76,425
New grants, Number of Options	0
Vested, Number of Options	(71,352)
Forfeited, Number of Options	0
Unvested Ending Balance, Number of Options	5,073
Unvested Beginning Balance, Weighted Average Grant Date Fair Value	$ 2.32
New grants, Weighted Average Grant Date Fair Value	0	$ 2.24
Vested, Weighted Average Grant Date Fair Value	2.32
Forfeited, Weighted Average Grant Date Fair Value	0
Unvested Ending Balance, Weighted Average Grant Date Fair Value	$ 2.41

Stock Option Plan and Stock B55

Stock Option Plan and Stock Based Compensation - Restricted Stock Grant Activity (Detail) - Restricted Stock [Member]	3 Months Ended
	May 31, 2016$ / sharesshares
Restricted stock grant activity
Outstanding at Beginning, Number of Shares | shares	189,396
Number of Shares, Granted | shares	64,685
Number of Shares, Terminated | shares	0
Number of Shares, Vested | shares	(89,535)
Outstanding at Ending, Number of Shares | shares	164,546
Outstanding at Beginning, Weighted Average Grant Date Fair value | $ / shares	$ 14.36
Weighted Average Grant Date Fair Value, Granted | $ / shares	19.63
Weighted Average Grant Date Fair Value, Terminated | $ / shares	0
Weighted Average Grant Date Fair Value, Vested | $ / shares	14.46
Outstanding at Ending, Weighted Average Grant Date Fair value | $ / shares	$ 16.37

Pension Plan - Additional Infor

Pension Plan - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	May 31, 2016	Feb. 28, 2017	Feb. 29, 2016
Defined Benefit Plan Disclosure [Line Items]
Employees covered under noncontributory Pension Plan	21.00%
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
	May 31, 2016	May 31, 2015
Components of net periodic benefit cost
Service cost	$ 291	$ 325
Interest cost	593	592
Expected return on plan assets	(916)	(982)
Amortization of:
Prior service cost		(21)
Unrecognized net loss	671	638
Net periodic benefit cost	$ 639	$ 552

Earnings (loss) per Share - Add

Earnings (loss) per Share - Additional Information (Detail)	3 Months Ended
	May 31, 2015shares
Earnings Per Share [Abstract]
Stock options not included in the diluted earnings per share computation	320,094

Earnings (loss) per Share - Com

Earnings (loss) per Share - Computation for Basic and Diluted Earnings per Share (Detail) - $ / shares	3 Months Ended
	May 31, 2016	May 31, 2015
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	25,783,770	25,586,596
Effect of dilutive options	26,965	12,459
Diluted weighted average common shares outstanding	25,810,735	25,599,055
Earnings (loss) per share - basic and diluted
Earnings per share on continuing operations	$ 0.26	$ 0.34
Earnings per share on discontinued operations	0.10	0.02
Loss per share on sale of discontinued operations	(1.01)
Earnings (loss) on discontinued operations	(0.91)	0.02
Net earnings (loss)	(0.65)	0.36
Cash dividends	$ 0.175	$ 0.175

Concentrations of Risk - Additi

Concentrations of Risk - Additional Information (Detail)	May 31, 2016USD ($)
Risks and Uncertainties [Abstract]
Maximum insurance available to depositors under the FDIC's general deposit insurance rules	$ 250,000
Cash balances not federally insured	$ 121,900,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - $ / shares	Jun. 20, 2016	May 31, 2016	May 31, 2015
Subsequent Event [Line Items]
Cash dividends per share		$ 0.175	$ 0.175
Dividend payable date		Aug. 8, 2016
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend payable per share	$ 0.175
Subsequent Event [Member] | Apparel Segment [Member]
Subsequent Event [Line Items]
Cash dividends per share	$ 1.50