Ennis (EBF) 10-K 12 May 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Feb. 28, 2017	Apr. 28, 2017	Aug. 31, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Feb. 28, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Trading Symbol	EBF
Entity Registrant Name	ENNIS, INC.
Entity Central Index Key	33,002
Current Fiscal Year End Date	--02-28
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		25,586,578
Entity Public Float			$ 414

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2017	Feb. 29, 2016
Current assets
Cash	$ 80,466	$ 7,957
Accounts receivable, net of allowance for doubtful receivables of $1,674 at February 28, 2017 and $2,041 at February 29, 2016	37,368	36,546
Prepaid expenses	1,351	1,443
Prepaid income taxes	855	1,318
Inventories	27,965	27,619
Assets held for sale	1,245	464
Current assets of discontinued operations		100,494
Total current assets	149,250	175,841
Property, plant and equipment, at cost
Plant, machinery and equipment	136,584	131,346
Land and buildings	53,821	54,985
Other	23,644	22,686
Total property, plant and equipment	214,049	209,017
Less accumulated depreciation	164,054	158,226
Net property, plant and equipment	49,995	50,791
Goodwill	70,603	64,537
Trademarks and trade names	15,291	15,291
Other intangible assets, net	38,636	36,973
Other assets	510	274
Long-term assets of discontinued operations		46,337
Total assets	324,285	390,044
Current liabilities
Accounts payable	14,202	13,738
Accrued expenses
Employee compensation and benefits	13,515	11,798
Taxes other than income	225	172
Income taxes payable		64
Other	2,026	2,133
Current liabilities of discontinued operations		12,495
Total current liabilities	29,968	40,400
Long-term debt	30,000	40,000
Liability for pension benefits	4,846	8,696
Deferred income taxes	6,953	1,536
Other liabilities	1,163	866
Total liabilities	72,930	91,498
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 in 2017 and 2016	75,134	75,134
Additional paid-in capital	121,525	121,597
Retained earnings	150,685	206,105
Accumulated other comprehensive loss:
Foreign currency translation, net of taxes		(9,940)
Minimum pension liability, net of taxes	(15,261)	(17,345)
Total accumulated other comprehensive loss	(15,261)	(27,285)
Treasury stock	(80,728)	(77,005)
Total shareholders' equity	251,355	298,546
Total liabilities and shareholders' equity	$ 324,285	$ 390,044

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Feb. 28, 2017	Feb. 29, 2016
Statement of Financial Position [Abstract]
Allowance for doubtful receivables	$ 1,674	$ 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	$ 2.50	$ 2.50
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	30,053,443	30,053,443

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Income Statement [Abstract]
Net sales	$ 356,888	$ 385,946	$ 380,379
Cost of goods sold	252,938	269,636	265,308
Gross profit margin	103,950	116,310	115,071
Selling, general and administrative	63,147	65,743	60,661
(Gain) loss from disposal of assets	278	(479)	(54)
Income from operations	40,525	51,046	54,464
Other income (expense)
Interest expense	(613)		(8)
Other, net	121	(5)	(1)
Total other expense	(492)	(5)	(9)
Earnings from continuing operations before income taxes	40,033	51,041	54,455
Provision for income taxes	13,616	18,783	19,985
Earnings from continuing operations	26,417	32,258	34,470
Income (loss) from discontinued operations, net of tax	2,481	3,478	(79,003)
Loss on sale of discontinued operations, net of tax	(27,118)
Earnings (loss) from discontinued operations, net of tax	(24,637)	3,478	(79,003)
Net earnings (loss)	$ 1,780	$ 35,736	$ (44,533)
Weighted average common shares outstanding
Basic	25,734,667	25,688,273	25,864,352
Diluted	25,749,185	25,722,367	25,864,352
Earnings (loss) per share - basic
Continuing operations	$ 1.03	$ 1.25	$ 1.33
Discontinued operations	(0.96)	0.14	(3.05)
Net earnings (loss)	0.07	1.39	(1.72)
Earnings (loss) per share - diluted
Continuing operations	1.03	1.25	1.33
Discontinued operations	(0.96)	0.14	(3.05)
Net earnings (loss)	0.07	1.39	(1.72)
Cash dividends per share	$ 2.20	$ 0.70	$ 0.70

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 1,780	$ 35,736	$ (44,533)
Foreign currency translation adjustment, net of deferred taxes	9,940	(5,313)	(3,712)
Adjustment to pension, net of deferred taxes	2,084	225	(6,072)
Comprehensive income (loss)	$ 13,804	$ 30,648	$ (54,317)

Statement of Shareholders' Equi

Statement of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]
Beginning balance at Feb. 28, 2014	$ 362,935	$ 75,134	$ 122,517	$ 251,137	$ (12,413)	$ (73,440)
Beginning balance common stock, shares at Feb. 28, 2014		30,053,443
Beginning balance, treasury stock, shares at Feb. 28, 2014						(4,131,276)
Net earnings (loss)	(44,533)			(44,533)
Foreign currency translation, net of deferred tax of $2,273, $3,254,and $6,087 respectively	(3,712)				(3,712)
Adjustment to pension, net of deferred tax of $3,718, $138 and $1,276 respectively	(6,072)				(6,072)
Dividends paid ($0.70, $0.70 and $2.20 per share respectively)	(18,191)			(18,191)
Excess tax benefit of stock option exercises and restricted stock grants	(106)		(106)
Stock based compensation	1,339		1,339
Exercise of stock options and restricted stock	54		(2,063)			$ 2,117
Exercise of stock options and restricted stock grants, shares						119,061
Stock repurchases	(7,034)					$ (7,034)
Stock repurchases, shares						(502,690)
Ending balance at Feb. 28, 2015	284,680	$ 75,134	121,687	188,413	(22,197)	$ (78,357)
Ending balance common stock, shares at Feb. 28, 2015		30,053,443
Ending balance treasury stock, shares at Feb. 28, 2015						(4,514,905)
Net earnings (loss)	35,736			35,736
Foreign currency translation, net of deferred tax of $2,273, $3,254,and $6,087 respectively	(5,313)				(5,313)
Adjustment to pension, net of deferred tax of $3,718, $138 and $1,276 respectively	225				225
Dividends paid ($0.70, $0.70 and $2.20 per share respectively)	(18,044)			(18,044)
Excess tax benefit of stock option exercises and restricted stock grants	(46)		(46)
Stock based compensation	1,308		1,308
Exercise of stock options and restricted stock			(1,352)			$ 1,352
Exercise of stock options and restricted stock grants, shares						77,900
Ending balance at Feb. 29, 2016	$ 298,546	$ 75,134	121,597	206,105	(27,285)	$ (77,005)
Ending balance common stock, shares at Feb. 29, 2016	30,053,443	30,053,443
Ending balance treasury stock, shares at Feb. 29, 2016						(4,437,005)
Net earnings (loss)	$ 1,780			1,780
Foreign currency translation, net of deferred tax of $2,273, $3,254,and $6,087 respectively	9,940				9,940
Adjustment to pension, net of deferred tax of $3,718, $138 and $1,276 respectively	2,084				2,084
Dividends paid ($0.70, $0.70 and $2.20 per share respectively)	(57,200)			(57,200)
Excess tax benefit of stock option exercises and restricted stock grants	265		265
Stock based compensation	1,361		1,361
Stock based compensation allocated to loss on sale of discontinued operations	112		112
Exercise of stock options and restricted stock	2,910		(1,810)			$ 4,720
Exercise of stock options and restricted stock grants, shares						282,988
Stock repurchases	$ (8,443)					$ (8,443)
Stock repurchases, shares	(532,692)					(532,804)
Ending balance at Feb. 28, 2017	$ 251,355	$ 75,134	$ 121,525	$ 150,685	$ (15,261)	$ (80,728)
Ending balance common stock, shares at Feb. 28, 2017	30,053,443	30,053,443
Ending balance treasury stock, shares at Feb. 28, 2017						(4,686,821)

Statement of Shareholders' Equ7

Statement of Shareholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Deferred tax adjusted to foreign currency translation	$ 6,087	$ 3,254	$ 2,273
Deferred tax adjusted to pension	$ 1,276	$ 138	$ 3,718
Dividends paid per share	$ 2.20	$ 0.70	$ 0.70
Retained Earnings [Member]
Dividends paid per share	$ 2.20	$ 0.70	$ 0.70
Accumulated Other Comprehensive Income (Loss) [Member]
Deferred tax adjusted to foreign currency translation	$ 6,087	$ 3,254	$ 2,273
Deferred tax adjusted to pension	$ 1,276	$ 138	$ 3,718

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Cash flows from operating activities:
Net earnings (loss)	$ 1,780	$ 35,736	$ (44,533)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation	7,934	7,798	6,778
Amortization of deferred finance charges	65
Amortization of customer lists, noncompete, and patent	4,673	4,555	4,312
Pre-tax loss on sale of discontinued operations	36,775
Operating cash flows of discontinued operations	538	38,508	111,657
(Gain) loss from disposal of assets	278	(479)	(54)
Bad debt expense	118	206	799
Stock based compensation	1,361	1,308	1,339
Excess tax benefit (expense) of stock based compensation	(265)	46	106
Deferred income taxes	4,359	(5,457)	(11,379)
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable	3,460	4,213	1,116
Prepaid expenses and income taxes	1,134	1,887	(1,971)
Inventories	1,428	318	(935)
Other assets	(589)	228	(9)
Accounts payable and accrued expenses	(140)	(701)	(1,501)
Other liabilities	(3,579)	(689)	616
Liability for pension benefits	(443)	(793)	(1,907)
Net cash provided by operating activities	58,887	86,684	64,434
Cash flows from investing activities:
Capital expenditures	(3,065)	(4,227)	(2,019)
Purchase price of businesses, net of cash acquired	(18,584)	(331)	(27,082)
Proceeds from sale of discontinued operations	107,354
Investing cash flows of discontinued operations	(279)	(596)	(452)
Proceeds from disposal of plant and property	664	1,038	143
Net cash provided by (used in) investing activities	86,090	(4,116)	(29,410)
Cash flows from financing activities:
Borrowings on debt			26,000
Repayment of debt	(10,000)	(59,010)	(7,495)
Dividends	(57,200)	(18,044)	(18,191)
Financing cash flows of discontinued operations		(7,490)	(17,505)
Purchase of treasury stock	(8,443)		(7,034)
Proceeds from exercise of stock options	2,910		54
Excess tax (benefit) expense of stock based compensation	265	(46)	(106)
Net cash used in financing activities	(72,468)	(84,590)	(24,277)
Effect of exchange rate changes on cash		(3,378)	(1,552)
Net change in cash	72,509	(5,400)	9,195
Cash at beginning of period	7,957	13,357	4,162
Cash at end of period	$ 80,466	$ 7,957	$ 13,357

Significant Accounting Policies

Significant Accounting Policies and General Matters	12 Months Ended
	Feb. 28, 2017
Accounting Policies [Abstract]
Significant Accounting Policies and General Matters	(1) Significant Accounting Policies and General Matters Nature of Operations. Basis of Consolidation. Accounts Receivable. Inventories. Property, Plant and Equipment Goodwill and Other Intangible Assets. Long-Lived Assets Fair Value of Financial Instruments Treasury Stock Deferred Finance Charges Revenue Recognition FOB Advertising Expenses Income Taxes. Earnings Per Share Accumulated Other Comprehensive Loss Foreign Currency Translation. Estimates. Shipping and Handling Costs. Stock Based Compensation. Recent Accounting Pronouncements In January 2017, the Financial Accounting Standards Board (“ FASB ASU Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ASU 2017-04 , In March 2016, the FASB issued Accounting Standards Update ASU No. 2016-09, Compensation-Stock Compensation (Topic 718) ASU 2016-09 , In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ASU 2016-02 , In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities ASU 2016-01 (ii) performance of qualitative impairment assessments of equity investments without readily determinable fair values at each reporting period, (iii) elimination of the requirement to disclose methods and significant assumptions used in calculating the fair value of financial instruments measured at amortized cost, (iv) measurement of the fair value of financial instruments measured at amortized cost using the exit price notion consistent with Topic 820, Fair Value Measurement, (v) separate presentation in other comprehensive income of the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk, (vi) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and (vii) evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. This ASU is effective for financial statements issued with fiscal years beginning after December 15, 2017, including interim periods within that reporting period. The Company is currently evaluating the impact the adoption of ASU 2016-01 will have on its consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes ASU 2015-17 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

Change in Accounting Principle

Change in Accounting Principle	12 Months Ended
	Feb. 28, 2017
Accounting Changes and Error Corrections [Abstract]
Change in Accounting Principle	(2) Change in Accounting Principle Pursuant to the early adoption of ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes

Accounts Receivable and Allowan

Accounts Receivable and Allowance for Doubtful Receivables	12 Months Ended
	Feb. 28, 2017
Receivables [Abstract]
Accounts Receivable and Allowance for Doubtful Receivables	(3) Accounts Receivable and Allowance for Doubtful Receivables Accounts receivable are reduced by an allowance for an estimate of amounts that are uncollectible. Substantially all of the Company’s receivables are due from customers in 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 represents the activity in the Company’s allowance for doubtful receivables for the fiscal years ended (in thousands): 2017 2016 2015 Balance at beginning of period $ 2,041 $ 2,158 $ 1,380 Bad debt expense 118 206 799 Recoveries 145 47 64 Accounts written off (630 ) (370 ) (85 ) Balance at end of period $ 1,674 $ 2,041 $ 2,158

Inventories

Inventories	12 Months Ended
	Feb. 28, 2017
Inventory Disclosure [Abstract]
Inventories	(4) Inventories The following table summarizes the components of inventories at the different stages of production as of February 28, 2017 and February 29, 2016 (in thousands): 2017 2016 Raw material $ 16,130 $ 15,983 Work-in-process 3,199 3,099 Finished goods 8,636 8,537 $ 27,965 $ 27,619 The excess of current costs at FIFO over LIFO stated values was approximately $4.7 million and $4.7 million as of fiscal years ended 2017 and 2016, respectively. During both fiscal year 2017 and 2016, as inventory quantities were reduced, this resulted in a liquidation of LIFO inventory quantities carried at lower costs prevailing in prior years as compared with the cost of fiscal year 2016 and 2015. The effect decreased cost of sales by approximately $189,000, $205,000 and $87,000 and increased net earnings by approximately $125,000, $129,000 and $55,000 for fiscal years 2017, 2016 and 2015, respectively. Cost includes materials, labor and overhead related to the purchase and production of inventories.

Acquisitions

Acquisitions	12 Months Ended
	Feb. 28, 2017
Business Combinations [Abstract]
Acquisitions	(5) Acquisitions On January 27, 2017, the Company completed the acquisition of Independent Printing Company, Inc. and their related entities (collectively “ Independent The following is a summary of the preliminary purchase price allocation for Independent (in thousands): Accounts receivable $ 4,252 Inventories 1,539 Other assets 575 Property, plant & equipment 5,526 Customer lists 3,390 Trademarks 2,408 Goodwill 6,066 Accounts payable and accrued liabilities (6,079 ) $ 17,677 On August 12, 2016, the Company acquired the assets of Atlas Tag Company of Canada Inc., located in Ontario, Canada, for $0.3 million in cash. Management considers this acquisition immaterial. On March 19, 2016, the Company acquired the assets of Major Business System, Inc., located in Hillsborough, North Carolina, for $0.6 million in cash. Management considers this acquisition immaterial. 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. The results of operations for Independent are included in the Company’s consolidated financial statements from the date of acquisition. The following table represents certain operating information on a pro forma basis as though all Independent operations had been acquired as of March 1, 2015, 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): Unaudited Unaudited Pro forma net sales $ 390,169 $ 421,231 Pro forma net earnings 27,064 33,065 Pro forma earnings per share—diluted 1.05 1.29 The pro forma results are not necessarily indicative of what would have occurred if the acquisitions had been in effect for the periods presented.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Feb. 28, 2017
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	(6) 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 the 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 behalf of the Company’s shareholders, deemed such offer to be a superior offer to the transactions contemplated by the Initial Purchase Agreement. On May 4, 2016, the Company received what the Board determined to be a superior offer from Gildan Activewear Inc. (“Gildan”). In connection therewith, the Company terminated the Initial Purchase Agreement and paid the required $3.0 million termination fee to the Initial Buyer. In connection with the superior offer, the Company and Gildan entered into a Unit Purchase Agreement, dated May 4, 2016 (the “ Gildan Purchase Agreement Balance sheet information for the Apparel Segment presented as discontinued operations is summarized as follows (in thousands): February 29, 2016 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 has been eliminated from ongoing operations. The following tables show the key components on the sale and discontinued operations related to the Apparel Segment that was completed on May 25, 2016 (in thousands): Sales price $ 110,000 Expenses related to disposal of business (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) The termination fee, in the amount of $3.0 million, paid as a result of the termination of the Initial Purchase Agreement is included in this amount. 2017 2016 2015 Net sales $ 41,038 $ 183,027 $ 199,861 Income (loss) from discontinued operations before income taxes 3,873 5,531 (93,587 ) Loss on sale of discontinued operations before income taxes (40,648 ) — — Income (loss) on discontinued operations before income taxes (36,775 ) 5,531 (93,587 ) Income tax expense (benefit) (12,138 ) 2,053 (14,584 ) Net earnings (loss) from discontinued operations $ (24,637 ) $ 3,478 $ (79,003 )

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Feb. 28, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	(7) Goodwill and Other Intangible Assets Goodwill represents the excess of the purchase price over the fair value of net assets of acquired businesses and is not amortized. Goodwill and indefinite-lived intangibles are evaluated for impairment on an annual basis as of November 30 of each year, or more frequently if impairment indicators arise, using a fair-value-based test that compares the fair value of the asset to its carrying value. Goodwill and other intangible assets are tested for impairment at a reporting unit level. The impairment test for goodwill uses a two-step approach. Step one compares the fair value of the reporting unit to which goodwill is assigned to its carrying amount. If the carrying amount exceeds its estimated value, a potential impairment is indicated and step two is performed. Step two compares the carrying amount of the reporting unit’s goodwill to its implied fair value. In calculating the implied fair value of reporting unit goodwill, the fair value of the reporting unit is allocated to all of the assets and liabilities, including unrecognized intangible assets of that reporting unit based on their fair values, similar to the allocation that occurs in a business combination. The excess of the fair value of a reporting unit over the amount assigned to its 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 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. After conducting its fiscal year 2017 test as of our annual testing date of November 30, 2016, the Company determined there was no impairment. 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 impairment charges relating to these assets in the future. The carrying amount and accumulated amortization of the Company’s intangible assets at each balance sheet date are as follows (in thousands): As of February 28, 2017 Weighted Average Remaining Life (in years) Gross Carrying Amount Accumulated Amortization Net Amortized intangible assets Trademarks and trade names 8.0 $ 3,642 $ 1,234 $ 2,408 Customer lists 8.9 57,347 21,336 36,011 Noncompete 0.8 175 86 89 Patent 1.0 783 655 128 Total 8.8 $ 61,947 $ 23,311 $ 38,636 As of February 29, 2016 Amortized intangible assets Trademarks and 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 February 28, 2017 February 29, 2016 Non-amortizing intangible assets: Trademarks and trade names $ 15,291 $ 15,291 Aggregate amortization expense for each of the fiscal years 2017, 2016 and 2015 was approximately $4.7 million, $4.6 million and $4.3 million, respectively. The Company’s estimated amortization expense for the next five fiscal years is as follows (in thousands): 2018 $ 5,886 2019 5,401 2020 5,318 2021 5,249 2022 5,205 Changes in the net carrying amount of goodwill for fiscal years 2015 and 2016 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 6,066 Goodwill impairment — Balance as of February 28, 2017 $ 70,603 During the fiscal year ended February 29, 2016, $48,000 was added to goodwill related to the adjustment of the fair value of certain Sovereign Business Forms assets. During the fiscal year ended February 28, 2017, $6.1 million was added to goodwill related to the acquisition of Independent.

Other Accrued Expenses

Other Accrued Expenses	12 Months Ended
	Feb. 28, 2017
Text Block [Abstract]
Other Accrued Expenses	(8) Other Accrued Expenses The following table summarizes the components of other accrued expenses for the fiscal years ended (in thousands): February 28, 2017 February 29, 2016 Accrued taxes $ 329 $ 156 Accrued legal and professional fees 414 409 Accrued interest 98 147 Accrued utilities 90 90 Accrued acquisition related obligations 789 666 Accrued credit card fees 119 246 Other accrued expenses 187 419 $ 2,026 $ 2,133

Long-Term Debt

Long-Term Debt	12 Months Ended
	Feb. 28, 2017
Debt Disclosure [Abstract]
Long-Term Debt	(9) Long-Term Debt Long-term debt consisted of the following at fiscal years ended (in thousands): February 28, February 29, Revolving credit facility $ 30,000 $ 40,000 The Company has entered into a Second Amended and Restated Credit Agreement, which has been amended from time to time, pursuant to which a credit facility has been extended to the Company ( the “ Credit Facility The Credit Facility bears interest at the LIBOR rate plus a spread ranging from 1.0% to 2.0%, which rate was 1.86% (2 month LIBOR + 1.0%) at February 28, 2017 and 1.76% (1 month LIBOR + 1.25%) at February 29, 2016. The rate is determined by our fixed charge coverage ratio of total funded debt to EBITDA. As of February 28, 2017, we had $30.0 million of borrowings under the revolving credit line and $1.2 million outstanding under standby letters of credit arrangements, leaving approximately $68.8 million available in borrowing capacity. The Credit Facility is secured by substantially all of our assets (other than real property), as well as all capital securities of each of our subsidiaries.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Feb. 28, 2017
Equity [Abstract]
Shareholders' Equity	(10) Shareholders’ Equity On December 19, 2016, the Board increased the authorized amount under the Company’s stock repurchase program by an additional $20.0 million, bringing the authorized amount to $40.0 million and the amount now available under the program for stock repurchases to $21.7 million. 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. During fiscal year ended February 28, 2017, the Company repurchased 532,692 shares of its common stock. Since the program’s inception in October 2008, the Company has repurchased 1,251,203 common shares at an average price of $14.64 per share. Unrelated to the stock repurchase program, the Company purchased 112 shares of common stock during the fiscal year ended February 28, 2017. The Company’s revolving credit facility maintains certain restrictions on the amount of treasury shares that may be purchased and distributions to its shareholders.

Stock Option Plan and Stock Bas

Stock Option Plan and Stock Based Compensation	12 Months Ended
	Feb. 28, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Plan and Stock Based Compensation	(11) 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 fiscal year ended 2017, the Company has 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 years ended 2017, 2016 and 2015, the Company included in selling, general and administrative expenses, compensation expense related to share based compensation of $1.4 million ($0.9 million net of tax), $1.3 million ($0.8 million net of tax) and $1.3 million ($0.8 million net of tax), respectively. Stock Options The Company had the following stock option activity for the three years ended February 28, 2017: Number of Shares (exact quantity) Weighted Average Exercise Price Weighted Average Remaining Contractual Life ( in years) Aggregate Intrinsic Value(a) (in thousands) Outstanding at March 1, 2014 369,405 $ 15.86 6.0 $ 416 Granted 31,418 15.78 Terminated (20,000 ) 16.21 Exercised (6,000 ) 8.94 Outstanding at February 28, 2015 374,823 $ 15.95 5.7 $ 210 Granted 43,426 13.69 Terminated (47,300 ) 18.31 Exercised — — Outstanding at February 29, 2016 370,949 $ 15.38 5.9 $ 1,616 Granted — — Terminated (5,000 ) 8.94 Exercised (193,453 ) 15.04 Outstanding at February 28, 2017 172,496 $ 15.95 4.2 $ 223 Exercisable at February 28, 2017 167,423 $ 16.00 4.1 $ 213 (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 fiscal year 2017. The following is a summary of the assumptions used and the weighted average grant-date fair value of the stock options granted during fiscal years 2016 and 2015: 2016 2015 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 for the three fiscal years ended (in thousands): Fiscal years ended 2017 2016 2015 Total cash received $ 2,910 $ — $ 54 Income tax (expense) benefit 265 (46 ) (106 ) Total grant-date fair value 532 — 9 Intrinsic value 969 — 36 A summary of the status of the Company’s unvested stock options at February 29, 2016, and changes during the fiscal year ended February 28, 2017 is presented below: Number of Options Weighted Average Grant Date Fair Value Unvested at February 29, 2016 76,425 $ 2.32 New grants — — Vested (71,352 ) 2.32 Forfeited — — Unvested at February 28, 2017 5,073 $ 2.41 As of February 28, 2017, there was $3,000 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 0.8 years. The total fair value of shares underlying the options vested during the fiscal year ended February 28, 2017 was $1.2 million. The following table summarizes information about stock options outstanding at the end of fiscal year 2017: Options Outstanding Options Exercisable Exercise Prices Number Weighted Average Weighted Number Weighted $8.94 to $13.69 24,848 3.3 $ 9.87 21,616 $ 9.30 14.05 to 15.78 51,956 5.6 15.16 50,115 15.13 17.57 to 18.46 95,692 3.7 17.97 95,692 17.97 172,496 4.2 15.95 167,423 16.00 Restricted Stock The Company had the following restricted stock grants activity for each of the three fiscal years ended February 28, 2017: Number of Shares Weighted Average Grant Date Fair Value Outstanding at March 1, 2014 180,902 $ 15.77 Granted 85,807 15.78 Terminated — — Vested (113,061 ) 16.42 Outstanding at February 28, 2015 153,648 $ 15.30 Granted 113,648 13.69 Terminated — — Vested (77,900 ) 15.24 Outstanding at February 29, 2016 189,396 $ 14.36 Granted 66,685 19.49 Terminated — — Vested (89,535 ) 14.46 Outstanding at February 28, 2017 166,546 $ 16.35 As of February 28, 2017, the total remaining unrecognized compensation cost related to unvested restricted stock was approximately $1.5 million. The weighted average remaining requisite service period of the unvested restricted stock awards was 1.4 years. As of February 28, 2017, the Company’s outstanding restricted stock had an underlying fair value of $2.7 million at date of grant.

Pension Plan

Pension Plan	12 Months Ended
	Feb. 28, 2017
Compensation and Retirement Disclosure [Abstract]
Pension Plan	(12) Pension Plan The Company and certain subsidiaries have a noncontributory defined benefit retirement plan (the “ Pension Plan ERISA The Company’s pension plan asset allocation, by asset category, is as follows for the fiscal years ended: 2017 2016 Equity securities 56 % 55 % Debt securities 38 % 38 % Cash and cash equivalents 6 % 7 % Total 100 % 100 % The current asset allocation is being managed to meet the Company’s stated objective of asset growth and capital preservation. The factor is based upon the combined judgments of the Company’s Administrative Committee and its investment advisors to meet the Company’s investment needs, objectives, and risk tolerance. The Company’s target asset allocation percentage, by asset class, for the year ended February 28, 2017 is as follows: Asset Class Target Allocation Percentage Cash 1 - 5 % Fixed Income 35 - 55 % Equity 45 - 60 % The Company estimates the long-term rate of return on plan assets will be 7.5% based upon target asset allocation. Expected returns are developed based upon the information obtained from the Company’s investment advisors. The advisors provide ten-year historical and five-year expected returns on the fund in the target asset allocation. The return information is weighted based upon the asset allocation at the end of the fiscal year. The expected rate of return at the beginning of the fiscal year ended 2017 was 8.0%, the rate used in the calculation of the current year pension expense. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The hierarchy below lists three levels of fair value based on the extent to which inputs used in measuring fair value are observable in the market. The Company categorizes each of its fair value measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in its entirety. These levels are: Level 1 - Inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 - Inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Level 3 - Inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. The following tables present the Plan’s fair value hierarchy for those assets measured at fair value as of February 28, 2017 and February 29, 2016 (in thousands): Assets Measured at Fair Value Fair Value Measurements Description at 2/28/17 (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 3,105 $ 3,105 $ — $ — Government bonds 11,861 — 11,861 — Corporate bonds 8,037 — 8,037 — Domestic equities 24,777 24,777 — — Foreign equities 5,032 5,032 — — $ 52,812 $ 32,914 $ 19,898 $ — Assets Fair Value Fair Value Measurements Description at 2/29/16 (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 3,576 $ 3,576 $ — $ — Government bonds 10,887 — 10,887 — Corporate bonds 7,134 — 7,134 — Domestic equities 20,226 20,226 — — Foreign equities 5,724 5,724 — — $ 47,547 $ 29,526 $ 18,021 $ — Fair value estimates are made at a specific point in time, based on available market information and judgments about the financial asset, including estimates of timing, amount of expected future cash flows, and the credit standing of the issuer. In some cases, the fair value estimates cannot be substantiated by comparison to independent markets. The disclosed fair value may not be realized in the immediate settlement of the financial asset. In addition, the disclosed fair values do not reflect any premium or discount that could result from offering for sale at one time an entire holding of a particular financial asset. Potential taxes and other expenses that would be incurred in an actual sale or settlement are not reflected in amounts disclosed. 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 for fiscal years ended (in thousands): 2017 2016 2015 Components of net periodic benefit cost Service cost $ 1,166 $ 1,301 $ 1,122 Interest cost 2,372 2,369 2,447 Expected return on plan assets (3,665 ) (3,928 ) (3,856 ) Amortization of: Prior service cost — (86 ) (145 ) Unrecognized net loss 2,683 2,551 1,524 Net periodic benefit cost 2,556 2,207 1,092 Other changes in Plan Assets and Projected Benefit Obligation Recognized in Other comprehensive Income Net actuarial loss (gain) (723 ) 2,102 11,224 Amortization of net actuarial loss (2,683 ) (2,551 ) (1,524 ) Amortization of prior service credit — 86 145 (3,406 ) (363 ) 9,845 Total recognized in net periodic pension cost and other comprehensive income ($ 850 ) $ 1,844 $ 10,937 The following table represents the assumptions used to determine benefit obligations and net periodic pension cost for fiscal years ended: 2017 2016 2015 Weighted average discount rate (net periodic pension cost) 4.30 % 4.00 % 4.90 % Earnings progression (net periodic pension cost) 3.00 % 3.00 % 3.00 % Expected long-term rate of return on plan assets (net periodic pension cost) 7.50 % 8.00 % 8.00 % Weighted average discount rate (benefit obligations) 4.10 % 4.30 % 4.00 % Earnings progression (benefit obligations) 3.00 % 3.00 % 3.00 % During the current fiscal year, the Company adopted the new MP-2016 improvement scale to determine their benefit obligations under the plan. The accumulated benefit obligation (“ ABO PBO 2017 2016 Projected benefit obligation at beginning of year $ 56,243 $ 60,845 Service cost 1,166 1,301 Interest cost 2,372 2,369 Actuarial (gain)/loss 2,479 (2,661 ) Other assumption change (730 ) (1,603 ) Benefits paid (3,872 ) (4,008 ) Projected benefit obligation at end of year $ 57,658 $ 56,243 Change in plan assets: Fair value of plan assets at beginning of year $ 47,547 $ 50,993 Company contributions 3,000 3,000 Gain (loss) on plan assets 6,137 (2,438 ) Benefits paid (3,872 ) (4,008 ) Fair value of plan assets at end of year $ 52,812 $ 47,547 Unfunded status ($ 4,846 ) ($ 8,696 ) Accumulated benefit obligation at end of year $ 53,590 $ 51,948 The measurement dates used to determine pension and other postretirement benefits is the Company’s fiscal year end. The Company contributed $3.0 million during fiscal year 2017 and would expect to contribute a similar amount during fiscal year 2018. Estimated future benefit payments which reflect expected future service, as appropriate, are expected to be paid in the fiscal years ended (in thousands): Projected Year Payments 2018 $ 4,100 2019 4,100 2020 4,200 2021 4,300 2022 4,300 2023 - 2027 18,700 Effective February 1, 1994, the Company adopted a Defined Contribution 401(k) Plan (the “ 401(k) Plan In addition, the Northstar Computer Forms, Inc. 401(k) Profit Sharing Plan was merged into the 401(k) Plan on February 1, 2001. The Company declared profit sharing contributions on behalf of the former employees of Northstar Computer Forms, Inc. in accordance with its original plan in the amounts of $228,000, $229,000, and $227,000, in fiscal years ended 2017, 2016 and 2015, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Feb. 28, 2017
Income Tax Disclosure [Abstract]
Income Taxes	(13) Income Taxes The following table represents components of the provision for income taxes for fiscal years ended (in thousands): 2017 2016 2015 Current: Federal $ 10,543 $ 16,086 $ 15,535 State and local 2,254 2,502 2,608 Foreign — — — Total current 12,797 18,588 18,143 Deferred: Federal 932 342 1,635 State and local (113 ) (147 ) 207 Total deferred 819 195 1,842 Total provision for income taxes $ 13,616 $ 18,783 $ 19,985 The Company’s effective tax rate on earnings from operations for the year ended February 28, 2017, was 34.0%, as compared to 36.8% and 36.7% in 2016 and 2015, respectively. The following summary reconciles the statutory U.S. Federal income tax rate to the Company’s effective tax rate for the fiscal years ended: 2017 2016 2015 Statutory rate 35.0 % 35.0 % 35.0 % Provision for state income taxes, net of Federal income tax benefit 3.5 3.1 3.5 Domestic production activities deduction (2.5 ) (2.5 ) (2.5 ) Valuation allowance (3.4 ) 0.7 — Other 1.4 0.5 0.7 34.0 % 36.8 % 36.7 % Deferred taxes are recorded to give recognition to temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. The tax effects of these temporary differences are recorded as deferred tax assets and deferred tax liabilities. Deferred tax assets generally represent items that can be used as a tax deduction or credit in future years. Deferred tax liabilities generally represent items that have been deducted for tax purposes, but have not yet been recorded in the consolidated statements of earnings. To the extent there are deferred tax assets that are more likely than not to be realized, a valuation allowance would not be recorded. The components of deferred income tax assets and liabilities are summarized as follows (in thousands) for fiscal years ended: 2017 2016 Deferred tax assets Allowance for doubtful receivables $ 512 $ 778 Inventories 1,124 987 Employee compensation and benefits 1,448 1,304 Pension and noncurrent employee compensation benefits 5,786 7,037 Net operating loss and foreign tax credits 438 3,480 Stock options 552 788 Total deferred tax assets $ 9,860 $ 14,374 Deferred tax liabilities Property, plant and equipment $ 6,979 $ 6,719 Goodwill and other intangible assets 9,371 7,519 Property tax 440 503 Valuation allowance — 1,053 Other 23 116 Total deferred tax liabilities 16,813 15,910 Net deferred income tax liabilities $ 6,953 $ 1,536 As a result of the early adoption and retrospective application of ASU 2015-07 as more fully described in Note 1, $6.3 million of deferred tax assets previously presented as a current asset as of February 29, 2016 have been reclassified to noncurrent in these financial statements. The Company established a valuation allowance related to its foreign tax credit of $1.4 million in fiscal year 2016. In fiscal year 2017 the Company filed an amended return utilizing the foreign tax credit, therefore eliminating the need for the valuation allowance. As of the fiscal year ended 2017, the Company has federal net operating loss carry forwards of approximately $84,000 expiring in fiscal years 2024 through 2025. Based on historical earnings and expected sufficient future taxable income, management believes it will be able to fully utilize the net operating loss carry forwards. Accounting standards require a two-step approach to determine how to recognize tax benefits in the financial statements where recognition and measurement of a tax benefit must be evaluated separately. A tax benefit will be recognized only if it meets a “more-likely-than-not” recognition threshold. For tax positions that meet this threshold, the tax benefit recognized is based on the largest amount of tax benefit that is greater than 50 percent likely of being realized upon ultimate settlement with the taxing authority. At fiscal year-end 2017 and 2016, unrecognized tax benefits related to uncertain tax positions, including accrued interest and penalties of $249,000 and $225,000, respectively, are included in other liabilities on the consolidated balance sheets and would impact the effective rate if recognized. For fiscal year 2017, the unrecognized tax benefit includes an aggregate of $8,000 of interest expense. Approximately $8,000 of unrecognized tax benefits relate to items that are affected by expiring statutes of limitations within the next 12 months. A reconciliation of the change in the unrecognized tax benefits for fiscal years ended 2017 and 2016 is as follows (in thousands): 2017 2016 Balance at March 1, 2016 $ 225 $ 300 Additions based on tax positions related to the current year 99 25 Reductions due to lapes of statues of limitations (75 ) (100 ) Balance at February 28, 2017 $ 249 $ 225 The Company is subject to U.S. federal income tax as well as income tax of multiple state jurisdictions and foreign tax jurisdictions. The Company has concluded all U.S. Federal income tax matters for years through 2012. All material state and local income tax matters have been concluded for years through 2012 and foreign tax jurisdictions through 2012. The Company recognizes interest expense on underpayments of income taxes and accrued penalties related to unrecognized non-current tax benefits as part of the income tax provision. Other than amounts included in the unrecognized tax benefits, the Company did not recognize any interest or penalties for the fiscal years ended 2017, 2016 and 2015.

Earnings (loss) per Share

Earnings (loss) per Share	12 Months Ended
	Feb. 28, 2017
Earnings Per Share [Abstract]
Earnings (loss) per Share	(14) Earnings (loss) per Share Basic earnings (loss) per share have been computed by dividing net earnings (loss) 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. The following table sets forth the computation for basic and diluted earnings (loss) per share for the fiscal years ended: 2017 2016 2015 Basic weighted average common shares outstanding 25,734,667 25,688,273 25,864,352 Effect of dilutive options 14,518 34,094 — Diluted weighted average common shares outstanding 25,749,185 25,722,367 25,864,352 Earnings per share - basic and diluted Earnings per share on continuing operations $ 1.03 $ 1.25 $ 1.33 Earnings (loss) per share on discontinued operations 0.09 0.14 (3.05 ) Loss per share on sale of discontinued operations (1.05 ) — — Earnings (loss) on discontinued operations (0.96 ) 0.14 (3.05 ) Net earnings (loss) $ 0.07 $ 1.39 $ (1.72 ) Cash dividends $ 2.20 $ 0.70 $ 0.70 The Company treats unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) as participating securities, which are included in the computation of earnings (loss) per share. The Company’s participating securities are comprised of unvested restricted stock. At fiscal year-end 2017 and 2016, 42,500 and 145,243 stock options, respectively, were excluded from the calculation above, as their effect would be anti-dilutive. No dilutive options were included for fiscal year 2015 due to the operating loss.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Feb. 28, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(15) Commitments and Contingencies The Company leases certain of its facilities under operating leases that expire on various dates through fiscal year ended 2022. Future minimum lease commitments under non-cancelable operating leases for each of the fiscal years ending are as follows (in thousands): Operating Lease Commitments 2018 $ 3,737 2019 2,278 2020 1,545 2021 581 2022 202 Thereafter — $ 8,343 Rent expense attributable to such leases totaled $4.3 million, $4.8 million, and $4.7 million for the fiscal years ended 2017, 2016 and 2015, respectively. In the ordinary course of business, the Company also enters into real property leases, which require the Company as lessee to indemnify the lessor from liabilities arising out of the Company’s occupancy of the properties. The Company’s indemnification obligations are generally covered under the Company’s general insurance policies. From time to time, the Company is involved in various litigation matters arising in the ordinary course of business. The Company does not believe the disposition of any current matter will have a material adverse effect on its consolidated financial position or results of operations.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Feb. 28, 2017
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	(16) Supplemental Cash Flow Information Net cash flows from operating activities reflect cash payments for interest and income taxes as follows for the three fiscal years ended (in thousands): 2017 2016 2015 Interest paid $ 853 $ 1,623 $ 1,501 Income taxes paid $ 975 $ 18,980 $ 18,724

Quarterly Consolidated Financia

Quarterly Consolidated Financial Information (Unaudited)	12 Months Ended
	Feb. 28, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Consolidated Financial Information (Unaudited)	(17) Quarterly Consolidated Financial Information (Unaudited) The following table represents the unaudited quarterly financial data of the Company for fiscal years ended 2017 and 2016 (in thousands, except per share amounts and quarter over quarter comparison): For the Three Months Ended May 31 August 31 November 30 February 28 Fiscal year ended 2017: Net sales $ 90,410 $ 91,246 $ 88,660 $ 86,572 Gross profit margin 26,694 27,038 25,292 24,926 Net earnings 6,683 6,784 5,740 7,210 Dividends paid 4,530 43,657 4,537 4,476 Per share of common stock: Basic net earnings $ 0.26 $ 0.26 $ 0.22 $ 0.28 Diluted net earnings $ 0.26 $ 0.26 $ 0.22 $ 0.28 Dividends $ 0.175 $ 1.675 $ 0.175 $ 0.175 Fiscal year ended 2016: Net sales $ 96,769 $ 100,455 $ 97,516 $ 91,206 Gross profit margin 29,964 31,363 29,719 25,264 Net earnings 8,763 9,611 8,595 5,289 Dividends paid 4,496 4,516 4,516 4,516 Per share of common stock: Basic net earnings $ 0.34 $ 0.37 $ 0.34 $ 0.21 Diluted net earnings $ 0.34 $ 0.37 $ 0.33 $ 0.21 Dividends $ 0.175 $ 0.175 $ 0.175 $ 0.175 Current Quarter Compared to Same Quarter Last Year During the fourth quarter of the previous fiscal year, the Company moved its folder operations from Omaha, Nebraska to Columbus, Kansas, due to the landlord’s desire to sell the facility. The move and inefficiencies associated with starting-up and training new employees had a negative impact on revenues and operational margins over the past several quarters, but the Company has seen a turnaround and the operation was marginally profitable in the third and fourth quarters of this fiscal year. In addition, the Company’s medical claims have exceeded historical levels during the fiscal year. This resulted in an additional $2.0 million in increased medical expenses, which negatively impacted the Company’s operating profit margin during the quarter ended November 30, 2016. This expense was in addition to the $2.3 million in medical expenses during the quarter ended August 31, 2016. The decline in gross profit and operating margins during the fourth quarter of fiscal year 2016, related primarily to a one-time earn-out payment required to be paid in connection with one of the Company’s acquisitions and the extraordinary costs associated with the move of the folder operations from Omaha, Nebraska to Columbus, Kansas.

Concentrations of Risk

Concentrations of Risk	12 Months Ended
	Feb. 28, 2017
Risks and Uncertainties [Abstract]
Concentrations of Risk	(18) Concentrations of Risk Financial instruments that potentially subject the Company to a concentration of credit risk principally consist of cash and trade receivables. Cash is placed with high-credit quality financial institutions. The Company believes its credit risk with respect to trade receivables is limited due to industry and geographic diversification. As disclosed on the Consolidated Balance Sheets, the Company maintains an allowance for doubtful receivables to cover the Company’s estimate of credit losses associated with accounts receivable. The Company, for quality and pricing reasons, purchases its paper products from a limited number of suppliers. While other sources may be available to the Company to purchase these products, they may not be available at the cost or at the quality the Company has come to expect. For the purposes of the Consolidated Statements of Cash Flows, the Company considers cash to include cash on hand and in bank accounts. The Federal Deposit Insurance Corporation (“ FDIC

Significant Accounting Polici27

Significant Accounting Policies and General Matters (Policies)	12 Months Ended
	Feb. 28, 2017
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations.
Basis of Consolidation	Basis of Consolidation.
Accounts Receivable	Accounts Receivable.
Inventories	Inventories.
Property, Plant and Equipment	Property, Plant and Equipment
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets.
Long-Lived Assets	Long-Lived Assets
Fair Value of Financial Instruments	Fair Value of Financial Instruments
Treasury Stock	Treasury Stock
Deferred Finance Charges	Deferred Finance Charges
Revenue Recognition	Revenue Recognition FOB
Advertising Expenses	Advertising Expenses
Income Taxes	Income Taxes.
Earnings Per Share	Earnings Per Share
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss
Foreign Currency Translation	Foreign Currency Translation.
Estimates	Estimates.
Shipping and Handling Costs	Shipping and Handling Costs.
Stock Based Compensation	Stock Based Compensation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2017, the Financial Accounting Standards Board (“ FASB ASU Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ASU 2017-04 , In March 2016, the FASB issued Accounting Standards Update ASU No. 2016-09, Compensation-Stock Compensation (Topic 718) ASU 2016-09 , In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ASU 2016-02 , In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities ASU 2016-01 (ii) performance of qualitative impairment assessments of equity investments without readily determinable fair values at each reporting period, (iii) elimination of the requirement to disclose methods and significant assumptions used in calculating the fair value of financial instruments measured at amortized cost, (iv) measurement of the fair value of financial instruments measured at amortized cost using the exit price notion consistent with Topic 820, Fair Value Measurement, (v) separate presentation in other comprehensive income of the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk, (vi) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and (vii) evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. This ASU is effective for financial statements issued with fiscal years beginning after December 15, 2017, including interim periods within that reporting period. The Company is currently evaluating the impact the adoption of ASU 2016-01 will have on its consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes ASU 2015-17 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 Allow28

Accounts Receivable and Allowance for Doubtful Receivables (Tables)	12 Months Ended
	Feb. 28, 2017
Receivables [Abstract]
Allowance for Doubtful Receivables	The following table represents the activity in the Company’s allowance for doubtful receivables for the fiscal years ended (in thousands): 2017 2016 2015 Balance at beginning of period $ 2,041 $ 2,158 $ 1,380 Bad debt expense 118 206 799 Recoveries 145 47 64 Accounts written off (630 ) (370 ) (85 ) Balance at end of period $ 1,674 $ 2,041 $ 2,158

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Feb. 28, 2017
Inventory Disclosure [Abstract]
Components of Inventories	The following table summarizes the components of inventories at the different stages of production as of February 28, 2017 and February 29, 2016 (in thousands): 2017 2016 Raw material $ 16,130 $ 15,983 Work-in-process 3,199 3,099 Finished goods 8,636 8,537 $ 27,965 $ 27,619

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Feb. 28, 2017
Business Combinations [Abstract]
Summary of Preliminary Purchase Price Allocations	The following is a summary of the preliminary purchase price allocation for Independent (in thousands): Accounts receivable $ 4,252 Inventories 1,539 Other assets 575 Property, plant & equipment 5,526 Customer lists 3,390 Trademarks 2,408 Goodwill 6,066 Accounts payable and accrued liabilities (6,079 ) $ 17,677
Summary of Operating Information on a Pro Forma Basis	The following table represents certain operating information on a pro forma basis as though all Independent operations had been acquired as of March 1, 2015, 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): Unaudited Unaudited Pro forma net sales $ 390,169 $ 421,231 Pro forma net earnings 27,064 33,065 Pro forma earnings per share—diluted 1.05 1.29

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Feb. 28, 2017
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, 2016 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 has been eliminated from ongoing operations. The following tables show the key components on the sale and discontinued operations related to the Apparel Segment that was completed on May 25, 2016 (in thousands): Sales price $ 110,000 Expenses related to disposal of business (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) The termination fee, in the amount of $3.0 million, paid as a result of the termination of the Initial Purchase Agreement is included in this amount. 2017 2016 2015 Net sales $ 41,038 $ 183,027 $ 199,861 Income (loss) from discontinued operations before income taxes 3,873 5,531 (93,587 ) Loss on sale of discontinued operations before income taxes (40,648 ) — — Income (loss) on discontinued operations before income taxes (36,775 ) 5,531 (93,587 ) Income tax expense (benefit) (12,138 ) 2,053 (14,584 ) Net earnings (loss) from discontinued operations $ (24,637 ) $ 3,478 $ (79,003 )

Goodwill and Other Intangible32

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Feb. 28, 2017
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 February 28, 2017 Weighted Average Remaining Life (in years) Gross Carrying Amount Accumulated Amortization Net Amortized intangible assets Trademarks and trade names 8.0 $ 3,642 $ 1,234 $ 2,408 Customer lists 8.9 57,347 21,336 36,011 Noncompete 0.8 175 86 89 Patent 1.0 783 655 128 Total 8.8 $ 61,947 $ 23,311 $ 38,636 As of February 29, 2016 Amortized intangible assets Trademarks and 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	February 28, 2017 February 29, 2016 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 is as follows (in thousands): 2018 $ 5,886 2019 5,401 2020 5,318 2021 5,249 2022 5,205
Changes in Net Carrying Amount of Goodwill	Changes in the net carrying amount of goodwill for fiscal years 2015 and 2016 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 6,066 Goodwill impairment — Balance as of February 28, 2017 $ 70,603

Other Accrued Expenses (Tables)

Other Accrued Expenses (Tables)	12 Months Ended
	Feb. 28, 2017
Text Block [Abstract]
Components of Other Accrued Expenses	The following table summarizes the components of other accrued expenses for the fiscal years ended (in thousands): February 28, 2017 February 29, 2016 Accrued taxes $ 329 $ 156 Accrued legal and professional fees 414 409 Accrued interest 98 147 Accrued utilities 90 90 Accrued acquisition related obligations 789 666 Accrued credit card fees 119 246 Other accrued expenses 187 419 $ 2,026 $ 2,133

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Feb. 28, 2017
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following at fiscal years ended (in thousands): February 28, February 29, Revolving credit facility $ 30,000 $ 40,000

Stock Option Plan and Stock B35

Stock Option Plan and Stock Based Compensation (Tables)	12 Months Ended
	Feb. 28, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Activity	The Company had the following stock option activity for the three years ended February 28, 2017: Number of Shares (exact quantity) Weighted Average Exercise Price Weighted Average Remaining Contractual Life ( in years) Aggregate Intrinsic Value(a) (in thousands) Outstanding at March 1, 2014 369,405 $ 15.86 6.0 $ 416 Granted 31,418 15.78 Terminated (20,000 ) 16.21 Exercised (6,000 ) 8.94 Outstanding at February 28, 2015 374,823 $ 15.95 5.7 $ 210 Granted 43,426 13.69 Terminated (47,300 ) 18.31 Exercised — — Outstanding at February 29, 2016 370,949 $ 15.38 5.9 $ 1,616 Granted — — Terminated (5,000 ) 8.94 Exercised (193,453 ) 15.04 Outstanding at February 28, 2017 172,496 $ 15.95 4.2 $ 223 Exercisable at February 28, 2017 167,423 $ 16.00 4.1 $ 213 (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 fiscal years 2016 and 2015: 2016 2015 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 for the three fiscal years ended (in thousands): Fiscal years ended 2017 2016 2015 Total cash received $ 2,910 $ — $ 54 Income tax (expense) benefit 265 (46 ) (106 ) Total grant-date fair value 532 — 9 Intrinsic value 969 — 36
Summary of Unvested Stock Options	A summary of the status of the Company’s unvested stock options at February 29, 2016, and changes during the fiscal year ended February 28, 2017 is presented below: Number of Options Weighted Average Grant Date Fair Value Unvested at February 29, 2016 76,425 $ 2.32 New grants — — Vested (71,352 ) 2.32 Forfeited — — Unvested at February 28, 2017 5,073 $ 2.41
Summary of Stock Options Outstanding	The following table summarizes information about stock options outstanding at the end of fiscal year 2017: Options Outstanding Options Exercisable Exercise Prices Number Weighted Average Weighted Number Weighted $8.94 to $13.69 24,848 3.3 $ 9.87 21,616 $ 9.30 14.05 to 15.78 51,956 5.6 15.16 50,115 15.13 17.57 to 18.46 95,692 3.7 17.97 95,692 17.97 172,496 4.2 15.95 167,423 16.00
Restricted Stock Grants Activity	The Company had the following restricted stock grants activity for each of the three fiscal years ended February 28, 2017: Number of Shares Weighted Average Grant Date Fair Value Outstanding at March 1, 2014 180,902 $ 15.77 Granted 85,807 15.78 Terminated — — Vested (113,061 ) 16.42 Outstanding at February 28, 2015 153,648 $ 15.30 Granted 113,648 13.69 Terminated — — Vested (77,900 ) 15.24 Outstanding at February 29, 2016 189,396 $ 14.36 Granted 66,685 19.49 Terminated — — Vested (89,535 ) 14.46 Outstanding at February 28, 2017 166,546 $ 16.35

Pension Plan (Tables)

Pension Plan (Tables)	12 Months Ended
	Feb. 28, 2017
Compensation and Retirement Disclosure [Abstract]
Company's Pension Plan Asset Allocation, by Asset Category	The Company’s pension plan asset allocation, by asset category, is as follows for the fiscal years ended: 2017 2016 Equity securities 56 % 55 % Debt securities 38 % 38 % Cash and cash equivalents 6 % 7 % Total 100 % 100 %
Company's Target Asset Allocation Percentage, by Asset Class	The Company’s target asset allocation percentage, by asset class, for the year ended February 28, 2017 is as follows: Asset Class Target Allocation Percentage Cash 1 - 5 % Fixed Income 35 - 55 % Equity 45 - 60 %
Plan's Fair Value Hierarchy for Assets Measured at Fair Value	The following tables present the Plan’s fair value hierarchy for those assets measured at fair value as of February 28, 2017 and February 29, 2016 (in thousands): Assets Measured at Fair Value Fair Value Measurements Description at 2/28/17 (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 3,105 $ 3,105 $ — $ — Government bonds 11,861 — 11,861 — Corporate bonds 8,037 — 8,037 — Domestic equities 24,777 24,777 — — Foreign equities 5,032 5,032 — — $ 52,812 $ 32,914 $ 19,898 $ — Assets Fair Value Fair Value Measurements Description at 2/29/16 (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 3,576 $ 3,576 $ — $ — Government bonds 10,887 — 10,887 — Corporate bonds 7,134 — 7,134 — Domestic equities 20,226 20,226 — — Foreign equities 5,724 5,724 — — $ 47,547 $ 29,526 $ 18,021 $ —
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 for fiscal years ended (in thousands): 2017 2016 2015 Components of net periodic benefit cost Service cost $ 1,166 $ 1,301 $ 1,122 Interest cost 2,372 2,369 2,447 Expected return on plan assets (3,665 ) (3,928 ) (3,856 ) Amortization of: Prior service cost — (86 ) (145 ) Unrecognized net loss 2,683 2,551 1,524 Net periodic benefit cost 2,556 2,207 1,092 Other changes in Plan Assets and Projected Benefit Obligation Recognized in Other comprehensive Income Net actuarial loss (gain) (723 ) 2,102 11,224 Amortization of net actuarial loss (2,683 ) (2,551 ) (1,524 ) Amortization of prior service credit — 86 145 (3,406 ) (363 ) 9,845 Total recognized in net periodic pension cost and other comprehensive income ($ 850 ) $ 1,844 $ 10,937
Schedule of Assumptions Used to Determine Benefit Obligations and Net Periodic Pension Cost	The following table represents the assumptions used to determine benefit obligations and net periodic pension cost for fiscal years ended: 2017 2016 2015 Weighted average discount rate (net periodic pension cost) 4.30 % 4.00 % 4.90 % Earnings progression (net periodic pension cost) 3.00 % 3.00 % 3.00 % Expected long-term rate of return on plan assets (net periodic pension cost) 7.50 % 8.00 % 8.00 % Weighted average discount rate (benefit obligations) 4.10 % 4.30 % 4.00 % Earnings progression (benefit obligations) 3.00 % 3.00 % 3.00 %
Schedule of Accumulated Benefit Obligation, Change in Projected Benefit Obligation, Change in Plan Assets, Funded Status, and Reconciliation to Amounts Recognized in Consolidated Balance Sheets	The accumulated benefit obligation (“ ABO PBO 2017 2016 Projected benefit obligation at beginning of year $ 56,243 $ 60,845 Service cost 1,166 1,301 Interest cost 2,372 2,369 Actuarial (gain)/loss 2,479 (2,661 ) Other assumption change (730 ) (1,603 ) Benefits paid (3,872 ) (4,008 ) Projected benefit obligation at end of year $ 57,658 $ 56,243 Change in plan assets: Fair value of plan assets at beginning of year $ 47,547 $ 50,993 Company contributions 3,000 3,000 Gain (loss) on plan assets 6,137 (2,438 ) Benefits paid (3,872 ) (4,008 ) Fair value of plan assets at end of year $ 52,812 $ 47,547 Unfunded status ($ 4,846 ) ($ 8,696 ) Accumulated benefit obligation at end of year $ 53,590 $ 51,948
Schedule of Estimated Future Benefit Payments which Reflect Expected Future Service	Estimated future benefit payments which reflect expected future service, as appropriate, are expected to be paid in the fiscal years ended (in thousands): Projected Year Payments 2018 $ 4,100 2019 4,100 2020 4,200 2021 4,300 2022 4,300 2023 - 2027 18,700

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Feb. 28, 2017
Income Tax Disclosure [Abstract]
Components of Provision for Income Taxes	The following table represents components of the provision for income taxes for fiscal years ended (in thousands): 2017 2016 2015 Current: Federal $ 10,543 $ 16,086 $ 15,535 State and local 2,254 2,502 2,608 Foreign — — — Total current 12,797 18,588 18,143 Deferred: Federal 932 342 1,635 State and local (113 ) (147 ) 207 Total deferred 819 195 1,842 Total provision for income taxes $ 13,616 $ 18,783 $ 19,985
Statutory U.S. Federal Income Tax Rate to Company's Effective Tax Rate	The following summary reconciles the statutory U.S. Federal income tax rate to the Company’s effective tax rate for the fiscal years ended: 2017 2016 2015 Statutory rate 35.0 % 35.0 % 35.0 % Provision for state income taxes, net of Federal income tax benefit 3.5 3.1 3.5 Domestic production activities deduction (2.5 ) (2.5 ) (2.5 ) Valuation allowance (3.4 ) 0.7 — Other 1.4 0.5 0.7 34.0 % 36.8 % 36.7 %
Components of Deferred Income Tax Assets and Liabilities	The components of deferred income tax assets and liabilities are summarized as follows (in thousands) for fiscal years ended: 2017 2016 Deferred tax assets Allowance for doubtful receivables $ 512 $ 778 Inventories 1,124 987 Employee compensation and benefits 1,448 1,304 Pension and noncurrent employee compensation benefits 5,786 7,037 Net operating loss and foreign tax credits 438 3,480 Stock options 552 788 Total deferred tax assets $ 9,860 $ 14,374 Deferred tax liabilities Property, plant and equipment $ 6,979 $ 6,719 Goodwill and other intangible assets 9,371 7,519 Property tax 440 503 Valuation allowance — 1,053 Other 23 116 Total deferred tax liabilities 16,813 15,910 Net deferred income tax liabilities $ 6,953 $ 1,536
Reconciliation of Change in Unrecognized Tax Benefits	A reconciliation of the change in the unrecognized tax benefits for fiscal years ended 2017 and 2016 is as follows (in thousands): 2017 2016 Balance at March 1, 2016 $ 225 $ 300 Additions based on tax positions related to the current year 99 25 Reductions due to lapes of statues of limitations (75 ) (100 ) Balance at February 28, 2017 $ 249 $ 225

Earnings (loss) per Share (Tabl

Earnings (loss) per Share (Tables)	12 Months Ended
	Feb. 28, 2017
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 fiscal years ended: 2017 2016 2015 Basic weighted average common shares outstanding 25,734,667 25,688,273 25,864,352 Effect of dilutive options 14,518 34,094 — Diluted weighted average common shares outstanding 25,749,185 25,722,367 25,864,352 Earnings per share - basic and diluted Earnings per share on continuing operations $ 1.03 $ 1.25 $ 1.33 Earnings (loss) per share on discontinued operations 0.09 0.14 (3.05 ) Loss per share on sale of discontinued operations (1.05 ) — — Earnings (loss) on discontinued operations (0.96 ) 0.14 (3.05 ) Net earnings (loss) $ 0.07 $ 1.39 $ (1.72 ) Cash dividends $ 2.20 $ 0.70 $ 0.70

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Feb. 28, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Lease Commitments Under Non-cancelable Operating Leases	Future minimum lease commitments under non-cancelable operating leases for each of the fiscal years ending are as follows (in thousands): Operating Lease Commitments 2018 $ 3,737 2019 2,278 2020 1,545 2021 581 2022 202 Thereafter — $ 8,343

Supplemental Cash Flow Inform40

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Feb. 28, 2017
Supplemental Cash Flow Elements [Abstract]
Net Cash Flows from Operating Activities Reflect Cash Payments for Interest and Income Taxes	Net cash flows from operating activities reflect cash payments for interest and income taxes as follows for the three fiscal years ended (in thousands): 2017 2016 2015 Interest paid $ 853 $ 1,623 $ 1,501 Income taxes paid $ 975 $ 18,980 $ 18,724

Quarterly Consolidated Financ41

Quarterly Consolidated Financial Information (Unaudited) (Tables)	12 Months Ended
	Feb. 28, 2017
Quarterly Financial Information Disclosure [Abstract]
Schedule of Unaudited Quarterly Financial Data of Company	The following table represents the unaudited quarterly financial data of the Company for fiscal years ended 2017 and 2016 (in thousands, except per share amounts and quarter over quarter comparison): For the Three Months Ended May 31 August 31 November 30 February 28 Fiscal year ended 2017: Net sales $ 90,410 $ 91,246 $ 88,660 $ 86,572 Gross profit margin 26,694 27,038 25,292 24,926 Net earnings 6,683 6,784 5,740 7,210 Dividends paid 4,530 43,657 4,537 4,476 Per share of common stock: Basic net earnings $ 0.26 $ 0.26 $ 0.22 $ 0.28 Diluted net earnings $ 0.26 $ 0.26 $ 0.22 $ 0.28 Dividends $ 0.175 $ 1.675 $ 0.175 $ 0.175 Fiscal year ended 2016: Net sales $ 96,769 $ 100,455 $ 97,516 $ 91,206 Gross profit margin 29,964 31,363 29,719 25,264 Net earnings 8,763 9,611 8,595 5,289 Dividends paid 4,496 4,516 4,516 4,516 Per share of common stock: Basic net earnings $ 0.34 $ 0.37 $ 0.34 $ 0.21 Diluted net earnings $ 0.34 $ 0.37 $ 0.33 $ 0.21 Dividends $ 0.175 $ 0.175 $ 0.175 $ 0.175

Significant Accounting Polici42

Significant Accounting Policies and General Matters - Additional Information (Detail) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Basis Of Presentation And Significant Accounting Policies [Line Items]
Trade receivable maturity period	30 days
Percentage of inventories exempted valued at lower of LIFO	10.00%
Percentage of Inventories valued at LIFO	12.80%	9.50%
Reserves for excess and obsolete inventory	$ 800,000	$ 400,000
Building and improvements	$ 1,200,000
Period within which company prints and stores custom print product for customer specified future delivery	12 months
Revenue recognized	$ 10,700,000	12,900,000	$ 13,700,000
Advertising expense	600,000	600,000	500,000
Amortization of advertising expense	129,000	229,000	94,000
Unamortized direct advertising costs included in prepaid expenses	$ 224,000	$ 246,000	$ 237,000
Stock options not included in the diluted earnings per share computation	42,500	145,243	0
Transaction losses	$ 22,000	$ 7,000	$ 1,000
Minimum [Member]
Basis Of Presentation And Significant Accounting Policies [Line Items]
Amortization period for advertising expense	P3M
Minimum [Member] | Buildings and Improvements [Member]
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Minimum [Member] | Machinery and Equipment [Member]
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member]
Basis Of Presentation And Significant Accounting Policies [Line Items]
Amortization period for advertising expense	P12M
Maximum [Member] | Buildings and Improvements [Member]
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	33 years
Maximum [Member] | Machinery and Equipment [Member]
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	11 years

Change in Accounting Principle

Change in Accounting Principle - Additional Information (Detail) $ in Millions	Feb. 29, 2016USD ($)
ASU 2015-17 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification to deferred tax liabilities	$ 6.3

Accounts Receivable and Allow44

Accounts Receivable and Allowance for Doubtful Receivables - Allowance for Doubtful Receivables (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Receivables [Abstract]
Balance at beginning of period	$ 2,041	$ 2,158	$ 1,380
Bad debt expense	118	206	799
Recoveries	145	47	64
Accounts written off	(630)	(370)	(85)
Balance at end of period	$ 1,674	$ 2,041	$ 2,158

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Feb. 28, 2017	Feb. 29, 2016
Inventory Disclosure [Abstract]
Raw material	$ 16,130	$ 15,983
Work-in-process	3,199	3,099
Finished goods	8,636	8,537
Inventories	$ 27,965	$ 27,619

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Inventory Disclosure [Abstract]
Excess of current costs at FIFO over LIFO stated values	$ 4,700	$ 4,700
Decrease in cost of sales	189	205	$ 87
Net earnings	$ 125	$ 129	$ 55

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Thousands

3 Months Ended

12 Months Ended

Feb. 28, 2017USD ($)

Nov. 30, 2016USD ($)

Aug. 31, 2016USD ($)

May 31, 2016USD ($)

Feb. 28, 2016USD ($)

Nov. 30, 2015USD ($)

Aug. 31, 2015USD ($)

May 31, 2015USD ($)

Feb. 28, 2017USD ($)

Dec. 31, 2016USD ($)

Feb. 29, 2016USD ($)

Feb. 28, 2015USD ($)

Jan. 27, 2017USD ($)LocationFacilities

Aug. 12, 2016USD ($)

Mar. 19, 2016USD ($)

Jul. 31, 2015USD ($)

Business Acquisition [Line Items]

Net sales

$ 86,572

$ 88,660

$ 91,246

$ 90,410

$ 91,206

$ 97,516

$ 100,455

$ 96,769

$ 356,888

$ 385,946

$ 380,379

Independent Printing Company, Inc. [Member]

Business Acquisition [Line Items]

Total purchase consideration

$ 17,677

Net sales

$ 37,000

Number of location | Location

4

Number of folder facilities | Facilities

4

CMC Group, Inc. [Member]

Business Acquisition [Line Items]

Total purchase consideration

$ 300

Major Business System, Inc [Member]

Business Acquisition [Line Items]

Total cash purchase consideration for assets acquired

$ 600

Atlas Tag Company of Canada Inc [Member]

Business Acquisition [Line Items]

Total cash purchase consideration for assets acquired

$ 300

Acquisitions - Summary of Preli

Acquisitions - Summary of Preliminary Purchase Price Allocations (Detail) - USD ($) $ in Thousands	Feb. 28, 2017	Jan. 27, 2017	Feb. 29, 2016	Feb. 28, 2015
Business Acquisition [Line Items]
Goodwill	$ 70,603		$ 64,537	$ 64,489
Independent Printing Company, Inc. [Member]
Business Acquisition [Line Items]
Accounts receivable		$ 4,252
Inventories		1,539
Other assets		575
Property, plant & equipment		5,526
Goodwill		6,066
Accounts payable and accrued liabilities		(6,079)
Total purchase consideration		17,677
Independent Printing Company, Inc. [Member] | Customer Lists [Member]
Business Acquisition [Line Items]
Customer lists and Trademarks		3,390
Independent Printing Company, Inc. [Member] | Trademarks [Member]
Business Acquisition [Line Items]
Customer lists and Trademarks		$ 2,408

Acquisitions - Summary of Opera

Acquisitions - Summary of Operating Information on Pro Forma Basis (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Business Combinations [Abstract]
Pro forma net sales	$ 390,169	$ 421,231
Pro forma net earnings	$ 27,064	$ 33,065
Pro forma earnings per share-diluted	$ 1.05	$ 1.29

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		May 25, 2016	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 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			(24,637)	$ 3,478	$ (79,003)
Apparel Segment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales price		$ 110,000
Expenses related to disposal of business		(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)	(40,648)
Net sales			41,038	183,027	199,861
Income (loss) from discontinued operations before income taxes			3,873	5,531	(93,587)
Income (loss) on discontinued operations before income taxes			(36,775)	5,531	(93,587)
Income tax expense (benefit)			(12,138)	2,053	(14,584)
Earnings (loss) from discontinued operations, net of tax			$ (24,637)	$ 3,478	$ (79,003)
[1]	The termination fee, in the amount of $3.0 million, paid as a result of the termination of the Initial Purchase Agreement is included in this amount.

Discontinued Operations - Sch53

Discontinued Operations - Schedule of Discontinued Operations Related to the Apparel Segment (Parenthetical) (Detail) $ in Millions	Feb. 28, 2017USD ($)
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 Intangible54

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	Nov. 30, 2016	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of asset		8 years 9 months 18 days	8 years 8 months 12 days
Amortization of trade names, customer lists, and patent		$ 4,673,000	$ 4,555,000	$ 4,312,000
Goodwill acquired		6,066,000	48,000
Sovereign [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired			$ 48,000
Independent Printing Company, Inc. [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired		$ 6,100,000
Apparel Segment [Member]
Finite-Lived Intangible Assets [Line Items]
Non-cash impairment charge of goodwill and trademarks, Total	$ 0
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 Intangible55

Goodwill and Other Intangible Assets - Carrying Amount and Accumulated Amortization of Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	8 years 9 months 18 days	8 years 8 months 12 days
Gross Carrying Amount	$ 61,947	$ 55,611
Accumulated Amortization	23,311	18,638
Amortized intangible assets, Net	$ 38,636	$ 36,973
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	8 years	0 years
Gross Carrying Amount	$ 3,642	$ 1,234
Accumulated Amortization	1,234	$ 1,234
Amortized intangible assets, Net	$ 2,408
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	8 years 10 months 24 days	8 years 8 months 12 days
Gross Carrying Amount	$ 57,347	$ 53,519
Accumulated Amortization	21,336	16,852
Amortized intangible assets, Net	$ 36,011	$ 36,667
Noncompete [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	9 months 18 days	1 year 9 months 18 days
Gross Carrying Amount	$ 175	$ 75
Accumulated Amortization	86	29
Amortized intangible assets, Net	$ 89	$ 46
Patent [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	1 year	2 years
Gross Carrying Amount	$ 783	$ 783
Accumulated Amortization	655	523
Amortized intangible assets, Net	$ 128	$ 260

Goodwill and Other Intangible56

Goodwill and Other Intangible Assets - Non-amortizing Intangible Assets (Detail) - USD ($) $ in Thousands	Feb. 28, 2017	Feb. 29, 2016
Non-amortizing intangible assets:
Non-amortizing intangible assets, Trademarks and trade names	$ 15,291	$ 15,291

Goodwill and Other Intangible57

Goodwill and Other Intangible Assets - Estimated Amortization Expense (Detail) $ in Thousands	Feb. 28, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,018	$ 5,886
2,019	5,401
2,020	5,318
2,021	5,249
2,022	$ 5,205

Goodwill and Other Intangible58

Goodwill and Other Intangible Assets - Changes in Net Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Beginning balance	$ 64,537	$ 64,489
Goodwill acquired	6,066	48
Goodwill impairment	0	0
Goodwill, Ending balance	$ 70,603	$ 64,537

Other Accrued Expenses - Compon

Other Accrued Expenses - Components of Other Accrued Expenses (Detail) - USD ($) $ in Thousands	Feb. 28, 2017	Feb. 29, 2016
Payables and Accruals [Abstract]
Accrued taxes	$ 329	$ 156
Accrued legal and professional fees	414	409
Accrued interest	98	147
Accrued utilities	90	90
Accrued acquisition related obligations	789	666
Accrued credit card fees	119	246
Other accrued expenses	187	419
Other accrued expenses, Total	$ 2,026	$ 2,133

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Feb. 28, 2017	Feb. 29, 2016
Line of Credit Facility [Line Items]
Revolving credit facility	$ 30,000	$ 40,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility	$ 30,000	$ 40,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, outstanding borrowings	$ 30,000,000
Second Amendment [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility maturity date	Aug. 11, 2020
Revolving credit facility, maximum borrowing capacity	$ 100,000,000
Revolving credit facility, additional borrowing capacity	$ 50,000,000
Fixed charge coverage ratio, minimum	1.25
Line of credit facility, borrowing capacity description	(i) the Company's net leverage ratio may not exceed 3.001.00, (ii) the Company's fixed charge coverage ratio may not be less than 1.251.00, and (iii) the Company may make dividends or distributions to shareholders so long as (a) no event of default has occurred and its continuing and (b) the Company's net leverage ratio both before and after giving effect to any such dividend or distribution is equal to or less than 2.501.00.
Revolving credit facility, interest rate description	LIBOR rate plus a spread ranging from 1.0% to 2.0%, which rate was 1.86% (2 month LIBOR + 1.0%) at February 28, 2017 and 1.76% (1 month LIBOR + 1.25%) at February 29, 2016.
Revolving credit facility, interest rate variable basis spread, option one	1.86%	1.76%
Revolving credit facility, interest rate variable basis spread, option two	1.00%	1.25%
Second Amendment [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Net leverage ratio	3
Revolving credit facility, variable basis spread	2.00%
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] | Minimum [Member] | Dividends or Distributions Effect [Member]
Line of Credit Facility [Line Items]
Net leverage ratio	2.50
Second Amendment [Member] | Letter of Credit [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, outstanding borrowings	$ 20,000,000
Second Amendment [Member] | Swing-line Loans [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, outstanding borrowings	15,000,000
Third Amendment [Member] | Standby Letters of Credit [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, outstanding borrowings	1,200,000
Revolving credit facility, remaining borrowing capacity	$ 68,800,000

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($)	Dec. 19, 2016	Feb. 28, 2017	Feb. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional authorized amount available to repurchase shares	$ 20,000,000
Total amount available to repurchase of shares	21,700,000
Authorized amount under stock repurchase program	$ 40,000,000
Repurchase of common stock		532,692	1,251,203
Repurchase of common stock, average cost per share			$ 14.64
Unrelated to Stock Repurchase Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase of common stock		112

Stock Option Plan and Stock B63

Stock Option Plan and Stock Based Compensation - Additional Information (Detail) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unissued common stock reserved	604,308
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	43,426	31,418
Unrecognized compensation cost related to unvested stock options granted	$ 3,000
Fair value of shares underlying the options vested	1,200,000
Remaining unrecognized compensation cost related to unvested restricted stock	$ 1,500,000
Weighted average remaining requisite service period of the unvested restricted stock awards	1 year 4 months 24 days
Outstanding restricted stock underlying fair value at grant date	$ 2,700,000
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	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	$ 1,400,000	$ 1,300,000	$ 1,300,000
Compensation expense related share based compensation net of tax	$ 900,000	$ 800,000	$ 800,000

Stock Option Plan and Stock B64

Stock Option Plan and Stock Based Compensation - Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015	Feb. 28, 2014	Mar. 01, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of Shares, Options Outstanding, Beginning Balance	370,949	374,823	369,405
Number of Shares, Granted	0	43,426	31,418
Number of Shares, Terminated	(5,000)	(47,300)	(20,000)
Number of Shares, Exercised	(193,453)		(6,000)
Number of Shares, Options Outstanding, Ending Balance	172,496	370,949	374,823	369,405
Weighted Average Exercise Price, Beginning Balance	$ 15.38	$ 15.95	$ 15.86
Weighted Average Exercise Price, Granted		13.69	15.78
Weighted Average Exercise Price, Terminated	8.94	18.31	16.21
Weighted Average Exercise Price, Exercised	15.04		8.94
Weighted Average Exercise Price, Ending Balance	$ 15.95	$ 15.38	$ 15.95	$ 15.86
Weighted Average Remaining Contractual Life, Ending Balance	4 years 2 months 12 days	5 years 10 months 24 days	5 years 8 months 12 days	6 years
Aggregate Intrinsic Value	$ 223	$ 1,616	$ 210		$ 416
Number of Shares, Exercisable	167,423
Weighted Average Exercise Price, Exercisable	$ 16
Weighted Average Remaining Contractual Life, Exercisable	4 years 1 month 6 days
Aggregate Intrinsic Value, Exercisable	$ 213

Stock Option Plan and Stock B65

Stock Option Plan and Stock Based Compensation - Summary of Assumptions Used and Weighted Average Grant-Date Fair Value of Stock Options Granted (Detail) - $ / shares	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
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	$ 0	$ 2.24	$ 2.70

Stock Option Plan and Stock B66

Stock Option Plan and Stock Based Compensation - Summary of Stock Options Exercised and Tax Benefits Realized from Stock Based Compensation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Total cash received	$ 2,910		$ 54
Income tax (expense) benefit	265	$ (46)	(106)
Total grant-date fair value	532		9
Intrinsic value	$ 969		$ 36

Stock Option Plan and Stock B67

Stock Option Plan and Stock Based Compensation - Summary of Unvested Stock Options (Detail) - $ / shares	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Unvested Beginning Balance, Number of Options	76,425
New grants, Number of Options	0	43,426	31,418
Vested, Number of Options	(71,352)
Forfeited, Number of Options	0
Unvested Ending Balance, Number of Options	5,073	76,425
Unvested Beginning Balance, Weighted Average Grant Date Fair Value	$ 2.32
New grants, Weighted Average Grant Date Fair Value	0	$ 2.24	$ 2.70
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	$ 2.32

Stock Option Plan and Stock B68

Stock Option Plan and Stock Based Compensation - Summary of Stock Options Outstanding (Detail)	12 Months Ended
	Feb. 28, 2017$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number Outstanding, Options Outstanding | shares	172,496
Weighted Average Remaining Contractual Life (in Years), Options Outstanding	4 years 2 months 12 days
Weight Average Exercise Price, Options Outstanding	$ 15.95
Number Exercisable, Options Exercisable | shares	167,423
Weight Average Exercise Price, Options Exercisable	$ 16
Range One [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Prices, Lower range	8.94
Exercise Prices, Upper range	$ 13.69
Number Outstanding, Options Outstanding | shares	24,848
Weighted Average Remaining Contractual Life (in Years), Options Outstanding	3 years 3 months 18 days
Weight Average Exercise Price, Options Outstanding	$ 9.87
Number Exercisable, Options Exercisable | shares	21,616
Weight Average Exercise Price, Options Exercisable	$ 9.30
Range Two [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Prices, Lower range	14.05
Exercise Prices, Upper range	$ 15.78
Number Outstanding, Options Outstanding | shares	51,956
Weighted Average Remaining Contractual Life (in Years), Options Outstanding	5 years 7 months 6 days
Weight Average Exercise Price, Options Outstanding	$ 15.16
Number Exercisable, Options Exercisable | shares	50,115
Weight Average Exercise Price, Options Exercisable	$ 15.13
Range Three [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Prices, Lower range	17.57
Exercise Prices, Upper range	$ 18.46
Number Outstanding, Options Outstanding | shares	95,692
Weighted Average Remaining Contractual Life (in Years), Options Outstanding	3 years 8 months 12 days
Weight Average Exercise Price, Options Outstanding	$ 17.97
Number Exercisable, Options Exercisable | shares	95,692
Weight Average Exercise Price, Options Exercisable	$ 17.97

Stock Option Plan and Stock B69

Stock Option Plan and Stock Based Compensation - Restricted Stock Grants Activity (Detail) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Restricted stock grant activity
Outstanding at Beginning, Number of Shares	189,396	153,648	180,902
Number of Shares, Granted	66,685	113,648	85,807
Number of Shares, Terminated	0	0	0
Number of Shares, Vested	(89,535)	(77,900)	(113,061)
Outstanding at Ending, Number of Shares	166,546	189,396	153,648
Outstanding at Beginning, Weighted Average Grant Date Fair value	$ 14.36	$ 15.30	$ 15.77
Weighted Average Grant Date Fair Value, Granted	19.49	13.69	15.78
Weighted Average Grant Date Fair Value, Terminated	0	0	0
Weighted Average Grant Date Fair Value, Vested	14.46	15.24	16.42
Outstanding at Ending, Weighted Average Grant Date Fair value	$ 16.35	$ 14.36	$ 15.30

Pension Plan - Additional Infor

Pension Plan - Additional Information (Detail) - USD ($)	Feb. 29, 2016	Feb. 28, 2018	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Defined Benefit Plan Disclosure [Line Items]
Employees covered under noncontributory Pension Plan			20.00%
Compensation period preceding retirement and termination			5 years
Target asset allocation, historical period			10 years
Target asset allocation, expected returns			5 years
Expected rate of return	8.00%		7.50%	8.00%	8.00%
Expected contributions			$ 3,000,000	$ 3,000,000
Matching contributions			$ 1,200,000	1,200,000	$ 1,100,000
United States employees contribution			100.00%
Profit sharing contributions			$ 228,000	$ 229,000	$ 227,000
Scenario Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contributions		$ 3,000,000

Pension Plan - Company's Pensio

Pension Plan - Company's Pension Plan Asset Allocation, by Asset Category (Detail)	Feb. 28, 2017	Feb. 29, 2016
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation by asset category	100.00%	100.00%
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation by asset category	56.00%	55.00%
Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation by asset category	38.00%	38.00%
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation by asset category	6.00%	7.00%

Pension Plan - Company's Target

Pension Plan - Company's Target Asset Allocation Percentage, by Asset Class (Detail)	12 Months Ended
	Feb. 28, 2017
Minimum [Member] | Cash [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Allocation Percentage	1.00%
Minimum [Member] | Fixed Income [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Allocation Percentage	35.00%
Minimum [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Allocation Percentage	45.00%
Maximum [Member] | Cash [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Allocation Percentage	5.00%
Maximum [Member] | Fixed Income [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Allocation Percentage	55.00%
Maximum [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Allocation Percentage	60.00%

Pension Plan - Plan's Fair Valu

Pension Plan - Plan's Fair Value Hierarchy for Assets Measured at Fair Value (Detail) - USD ($) $ in Thousands	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	$ 52,812	$ 47,547	$ 50,993
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	3,105	3,576
Government Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	11,861	10,887
Corporate Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	8,037	7,134
Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	24,777	20,226
Foreign Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	5,032	5,724
Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	32,914	29,526
Level 1 [Member] | Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	3,105	3,576
Level 1 [Member] | Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	24,777	20,226
Level 1 [Member] | Foreign Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	5,032	5,724
Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	19,898	18,021
Level 2 [Member] | Government Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	11,861	10,887
Level 2 [Member] | Corporate Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value Measurements	$ 8,037	$ 7,134

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	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Components of net periodic benefit cost
Service cost	$ 1,166	$ 1,301	$ 1,122
Interest cost	2,372	2,369	2,447
Expected return on plan assets	(3,665)	(3,928)	(3,856)
Amortization of:
Prior service cost		(86)	(145)
Unrecognized net loss	2,683	2,551	1,524
Net periodic benefit cost	2,556	2,207	1,092
Other changes in Plan Assets and Projected Benefit Obligation Recognized in Other comprehensive Income
Net actuarial loss (gain)	(723)	2,102	11,224
Amortization of net actuarial loss	(2,683)	(2,551)	(1,524)
Amortization of prior service credit		86	145
Net of recognized in Other comprehensive Income	(3,406)	(363)	9,845
Total recognized in net periodic pension cost and other comprehensive income	$ (850)	$ 1,844	$ 10,937

Pension Plan - Schedule of Assu

Pension Plan - Schedule of Assumptions Used to Determine Benefit Obligations and Net Periodic Pension Cost (Detail)	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Compensation and Retirement Disclosure [Abstract]
Weighted average discount rate (net periodic pension cost)		4.30%	4.00%	4.90%
Earnings progression (net periodic pension cost)		3.00%	3.00%	3.00%
Expected long-term rate of return on plan assets (net periodic pension cost)	8.00%	7.50%	8.00%	8.00%
Weighted average discount rate (benefit obligations)	4.30%	4.10%	4.30%	4.00%
Earnings progression (benefit obligations)		3.00%	3.00%	3.00%

Pension Plan - Schedule of Accu

Pension Plan - Schedule of Accumulated Benefit Obligation, Change in Projected Benefit Obligation, Change in Plan Assets, Funded Status, and Reconciliation to Amounts Recognized in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation at beginning of year	$ 56,243	$ 60,845
Service cost	1,166	1,301	$ 1,122
Interest cost	2,372	2,369	2,447
Actuarial (gain)/loss	2,479	(2,661)
Other assumption change	(730)	(1,603)
Benefits paid	(3,872)	(4,008)
Projected benefit obligation at end of year	57,658	56,243	60,845
Change in plan assets:
Fair value of plan assets at beginning of year	47,547	50,993
Company contributions	3,000	3,000
Gain (loss) on plan assets	6,137	(2,438)
Benefits paid	(3,872)	(4,008)
Fair value of plan assets at end of year	52,812	47,547	$ 50,993
Unfunded status	(4,846)	(8,696)
Accumulated benefit obligation at end of year	$ 53,590	$ 51,948

Pension Plan - Schedule of Esti

Pension Plan - Schedule of Estimated Future Benefit Payments which Reflect Expected Future Service (Detail) $ in Thousands	Feb. 28, 2017USD ($)
Schedule Of Sale Of Subsidiary [Abstract]
2,018	$ 4,100
2,019	4,100
2,020	4,200
2,021	4,300
2,022	4,300
2023 - 2027	$ 18,700

Income Taxes - Components of Pr

Income Taxes - Components of Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Current:
Federal	$ 10,543	$ 16,086	$ 15,535
State and local	2,254	2,502	2,608
Foreign	0	0	0
Total current	12,797	18,588	18,143
Deferred:
Federal	932	342	1,635
State and local	(113)	(147)	207
Total deferred	819	195	1,842
Total provision for income taxes	$ 13,616	$ 18,783	$ 19,985

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Income Tax [Line Items]
Effective tax rate on earnings from operations	34.00%	36.80%	36.70%
Tax benefit recognized	50.00%
Unrecognized tax benefits, including accrued interest and penalties	$ 249,000	$ 225,000
Unrecognized tax benefit includes an aggregate of interest expense	$ 8,000
Unrecognized tax benefits expiring	12 months
Unrecognized interest or penalties other than tax benefits	$ 0	0	$ 0
Foreign Tax Authority [Member]
Income Tax [Line Items]
Foreign tax credit valuation allowance		1,400,000
ASU 2015-17 [Member]
Income Tax [Line Items]
Reclassification to deferred tax liabilities		$ 6,300,000
Internal Revenue Service (IRS) [Member]
Income Tax [Line Items]
Operating Loss Carryforwards	$ 84,000
Internal Revenue Service (IRS) [Member] | Minimum [Member]
Income Tax [Line Items]
Net operating loss carry forwards expiring	2,024
Internal Revenue Service (IRS) [Member] | Maximum [Member]
Income Tax [Line Items]
Net operating loss carry forwards expiring	2,025

Income Taxes - Statutory U.S. F

Income Taxes - Statutory U.S. Federal Income Tax Rate to Company's Effective Tax Rate (Detail)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Income Tax Disclosure [Abstract]
Statutory rate	35.00%	35.00%	35.00%
Provision for state income taxes, net of Federal income tax benefit	3.50%	3.10%	3.50%
Domestic production activities deduction	(2.50%)	(2.50%)	(2.50%)
Valuation allowance	(3.40%)	0.70%
Other	1.40%	0.50%	0.70%
Total	34.00%	36.80%	36.70%

Income Taxes - Components of De

Income Taxes - Components of Deferred Income Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Feb. 28, 2017	Feb. 29, 2016
Deferred tax assets
Allowance for doubtful receivables	$ 512	$ 778
Inventories	1,124	987
Employee compensation and benefits	1,448	1,304
Pension and noncurrent employee compensation benefits	5,786	7,037
Net operating loss and foreign tax credits	438	3,480
Stock options	552	788
Total deferred tax assets	9,860	14,374
Deferred tax liabilities
Property, plant and equipment	6,979	6,719
Goodwill and other intangible assets	9,371	7,519
Property tax	440	503
Valuation allowance		1,053
Other	23	116
Total deferred tax liabilities	16,813	15,910
Net deferred income tax liabilities	$ 6,953	$ 1,536

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Change in Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Income Tax Disclosure [Abstract]
Beginning Balance	$ 225	$ 300
Additions based on tax positions related to the current year	99	25
Reductions due to lapse of statues of limitations	(75)	(100)
Ending Balance	$ 249	$ 225

Earnings (loss) per Share - Com

Earnings (loss) per Share - Computation for Basic and Diluted Earnings (loss) per Share (Detail) - $ / shares	3 Months Ended								12 Months Ended
	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 28, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding									25,734,667	25,688,273	25,864,352
Effect of dilutive options									14,518	34,094
Diluted weighted average common shares outstanding									25,749,185	25,722,367	25,864,352
Earnings per share - basic and diluted
Earnings per share on continuing operations									$ 1.03	$ 1.25	$ 1.33
Earnings (loss) per share on discontinued operations									0.09	0.14	(3.05)
Loss per share on sale of discontinued operations									(1.05)
Earnings (loss) on discontinued operations									(0.96)	0.14	(3.05)
Net earnings (loss)									0.07	1.39	(1.72)
Cash dividends	$ 0.175	$ 0.175	$ 1.675	$ 0.175	$ 0.175	$ 0.175	$ 0.175	$ 0.175	$ 2.20	$ 0.70	$ 0.70

Earnings (loss) per Share - Add

Earnings (loss) per Share - Additional Information (Detail) - shares	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Earnings Per Share [Abstract]
Stock options not included in the diluted earnings per share computation	42,500	145,243	0

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Minimum Lease Commitments Under Non-cancelable Operating Leases (Detail) $ in Thousands	Feb. 28, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,018	$ 3,737
2,019	2,278
2,020	1,545
2,021	581
2,022	202
Thereafter	0
Total	$ 8,343

Commitments and Contingencies86

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Commitments and Contingencies Disclosure [Abstract]
Rent expense attributable to operating leases	$ 4.3	$ 4.8	$ 4.7

Supplemental Cash Flow Inform87

Supplemental Cash Flow Information - Net Cash Flows from Operating Activities Reflect Cash Payments for Interest and Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 853	$ 1,623	$ 1,501
Income taxes paid	$ 975	$ 18,980	$ 18,724

Quarterly Consolidated Financ88

Quarterly Consolidated Financial Information (Unaudited) - Schedule of Unaudited Quarterly Financial Data of Company (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 28, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 86,572	$ 88,660	$ 91,246	$ 90,410	$ 91,206	$ 97,516	$ 100,455	$ 96,769	$ 356,888	$ 385,946	$ 380,379
Gross profit margin	24,926	25,292	27,038	26,694	25,264	29,719	31,363	29,964	103,950	116,310	115,071
Net earnings	7,210	5,740	6,784	6,683	5,289	8,595	9,611	8,763	1,780	35,736	(44,533)
Dividends paid	$ 4,476	$ 4,537	$ 43,657	$ 4,530	$ 4,516	$ 4,516	$ 4,516	$ 4,496	$ 57,200	$ 18,044	$ 18,191
Per share of common stock:
Basic net earnings	$ 0.28	$ 0.22	$ 0.26	$ 0.26	$ 0.21	$ 0.34	$ 0.37	$ 0.34	$ 0.07	$ 1.39	$ (1.72)
Diluted net earnings	0.28	0.22	0.26	0.26	0.21	0.33	0.37	0.34	0.07	1.39	(1.72)
Dividends	$ 0.175	$ 0.175	$ 1.675	$ 0.175	$ 0.175	$ 0.175	$ 0.175	$ 0.175	$ 2.20	$ 0.70	$ 0.70

Quarterly Consolidated Financ89

Quarterly Consolidated Financial Information (Unaudited) - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2016	Aug. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Medical expenses	$ 2	$ 2.3

Concentrations of Risk - Additi

Concentrations of Risk - Additional Information (Detail)	Feb. 28, 2017USD ($)
Concentration Risk [Line Items]
Maximum insurance available to depositors under the FDIC's general deposit insurance rules	$ 250,000
Cash balances not federally insured	79,500,000
Canada [Member]
Concentration Risk [Line Items]
Cash in bank accounts	$ 200,000