Ennis (EBF) 10-Q 6 Oct 17 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 31, 2017	Sep. 29, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 31, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Trading Symbol	EBF
Entity Registrant Name	ENNIS, INC.
Entity Central Index Key	33,002
Current Fiscal Year End Date	--02-28
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		25,417,035

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2017	Feb. 28, 2017
Current assets
Cash and cash equivalents	$ 83,865	$ 80,466
Accounts receivable, net of allowance for doubtful receivables of $1,318 at August 31, 2017 and $1,674 at February 28, 2017	38,171	37,368
Prepaid expenses	819	1,351
Prepaid income taxes	1,513	855
Inventories	29,228	27,965
Assets held for sale	1,320	1,245
Total current assets	154,916	149,250
Property, plant and equipment
Plant, machinery and equipment	135,476	136,584
Land and buildings	53,559	53,821
Other	23,548	23,644
Total property, plant and equipment	212,583	214,049
Less accumulated depreciation	164,822	164,054
Net property, plant and equipment	47,761	49,995
Goodwill	70,603	70,603
Intangible assets, net	52,235	53,927
Other assets	385	510
Total assets	325,900	324,285
Current liabilities
Accounts payable	10,753	14,202
Accrued expenses
Employee compensation and benefits	13,125	13,515
Taxes other than income	668	225
Other	1,750	2,026
Total current liabilities	26,296	29,968
Long-term debt	30,000	30,000
Liability for pension benefits	4,846	4,846
Deferred income taxes	7,257	6,953
Other liabilities	1,521	1,163
Total liabilities	69,920	72,930
Commitments and contingencies
Shareholders’ equity
Preferred stock $10 par value, authorized 1,000,000 shares; none issued
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at August 31 and February 28, 2017	75,134	75,134
Additional paid-in capital	120,675	121,525
Retained earnings	157,457	150,685
Accumulated other comprehensive income (loss):
Minimum pension liability, net of taxes	(14,765)	(15,261)
Total accumulated other comprehensive income (loss)	(14,765)	(15,261)
Treasury stock	(82,521)	(80,728)
Total shareholders’ equity	255,980	251,355
Total liabilities and shareholders' equity	$ 325,900	$ 324,285

Unaudited Consolidated Balance3

Unaudited Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 31, 2017	Feb. 28, 2017
Statement Of Financial Position [Abstract]
Allowance for doubtful receivables	$ 1,318	$ 1,674
Preferred stock, par value	$ 10	$ 10
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 2.50	$ 2.50
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	30,053,443	30,053,443

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Income Statement [Abstract]
Net sales	$ 94,887	$ 91,246	$ 189,477	$ 181,656
Cost of goods sold	64,100	64,208	128,771	127,924
Gross profit margin	30,787	27,038	60,706	53,732
Selling, general and administrative	17,096	16,057	34,468	32,128
(Gain) loss from disposal of assets	48	(4)	63	2
Income from operations	13,643	10,985	26,175	21,602
Other income (expense)
Interest expense	(204)	(231)	(394)	(233)
Other, net	117	11	130	4
Total other expense	(87)	(220)	(264)	(229)
Earnings from continuing operations before income taxes	13,556	10,765	25,911	21,373
Provision for income taxes	5,016	3,981	9,587	7,906
Earnings from continuing operations	8,540	6,784	16,324	13,467
Income from discontinued operations, net of tax				2,481
Loss on sale of discontinued operations, net of tax				(26,042)
Loss from discontinued operations, net of tax				(23,561)
Net earnings (loss)	$ 8,540	$ 6,784	$ 16,324	$ (10,094)
Weighted average common shares outstanding
Basic	25,342,747	25,893,218	25,388,292	25,847,051
Diluted	25,366,001	25,910,375	25,405,863	25,868,799
Earnings (loss) per share - basic and diluted
Continuing operations	$ 0.34	$ 0.26	$ 0.64	$ 0.52
Discontinued operations				(0.91)
Net earnings (loss)	0.34	0.26	0.64	(0.39)
Cash dividends per share	$ 0.20	$ 1.675	$ 0.375	$ 1.85

Unaudited Consolidated Stateme5

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net earnings (loss)	$ 8,540	$ 6,784	$ 16,324	$ (10,094)
Foreign currency translation adjustment, net of deferred taxes				9,940
Adjustment to pension, net of deferred taxes	248		496
Comprehensive income (loss)	$ 8,788	$ 6,784	$ 16,820	$ (154)

Unaudited Consolidated Stateme6

Unaudited Consolidated Statements of Changes in Shareholders' Equity - 6 months ended Aug. 31, 2017 - 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, 2017	$ 251,355	$ 75,134	$ 121,525	$ 150,685	$ (15,261)	$ (80,728)
Beginning balance common stock, shares at Feb. 28, 2017	30,053,443	30,053,443
Beginning balance, treasury stock, shares at Feb. 28, 2017						(4,686,821)
Net earnings (loss)	$ 16,324			16,324
Adjustment to pension, net of deferred tax of $304	496				496
Dividends paid ($0.375 per share)	(9,552)			(9,552)
Stock based compensation	667		667
Exercise of stock options and restricted stock			(1,517)			$ 1,517
Exercise of stock options and restricted stock, shares						88,105
Stock repurchases	$ (3,310)					$ (3,310)
Stock repurchases, shares	(191,033)					(191,033)
Ending balance at Aug. 31, 2017	$ 255,980	$ 75,134	$ 120,675	$ 157,457	$ (14,765)	$ (82,521)
Ending balance common stock, shares at Aug. 31, 2017	30,053,443	30,053,443
Ending balance treasury stock, shares at Aug. 31, 2017						(4,789,749)

Unaudited Consolidated Stateme7

Unaudited Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) $ in Thousands	6 Months Ended
	Aug. 31, 2017USD ($)$ / shares
Statement Of Stockholders Equity [Abstract]
Deferred tax adjusted to pension | $	$ 304
Dividends paid per share | $ / shares	$ 0.375

Unaudited Consolidated Stateme8

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Cash flows from operating activities:
Net earnings (loss)	$ 16,324	$ (10,094)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation	3,996	4,002
Amortization of deferred finance charges	57	9
Amortization of intangible assets	3,077	2,321
Pre-tax loss on sale of discontinued operations		36,775
Operating cash flows of discontinued operations		538
Loss from disposal of assets	63	2
Bad debt expense, net of recoveries	(248)	103
Stock based compensation	667	679
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable	(555)	(426)
Prepaid expenses and income taxes	(126)	(4,199)
Inventories	(1,182)	(373)
Other assets	67	(281)
Accounts payable and accrued expenses	(4,122)	(1,265)
Other liabilities	358	9
Liability for pension benefits	800	1,278
Net cash provided by operating activities	19,176	29,078
Cash flows from investing activities:
Capital expenditures	(1,590)	(927)
Purchase of businesses, net of cash acquired	(1,350)	(907)
Proceeds from sale of discontinued operations		107,354
Investing cash flows of discontinued operations		(279)
Proceeds from disposal of plant and property	25	12
Net cash provided by (used in) investing activities	(2,915)	105,253
Cash flows from financing activities:
Repayment of debt		(10,000)
Dividends	(9,552)	(48,187)
Purchase of treasury stock	(3,310)	(1,786)
Proceeds from exercise of stock options		2,910
Net cash used in financing activities	(12,862)	(57,063)
Net change in cash and cash equivalents	3,399	77,268
Cash and cash equivalents at beginning of period	80,466	7,957
Cash and cash equivalents at end of period	$ 83,865	$ 85,225

Significant Accounting Policies

Significant Accounting Policies and General Matters	6 Months Ended
	Aug. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies and General Matters	1. Significant Accounting Policies and General Matters Basis of Presentation These unaudited consolidated financial statements of Ennis, Inc. and its subsidiaries (collectively referred to as the “Company,” “Registrant,” “Ennis,” or “we,” “us,” or “our”) for the period ended August 31, 2017 have been prepared in accordance with generally accepted accounting principles for interim financial reporting. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended February 28, 2017, from which the accompanying consolidated balance sheet at February 28, 2017 was derived. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the interim financial information have been included and are of a normal recurring nature. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the disclosure and reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company evaluates these estimates and judgments on an ongoing basis, including those related to bad debts, inventory valuations, property, plant and equipment, intangible assets, pension plan, accrued liabilities, and income taxes. The Company bases estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances. The results of operations for any interim period are not necessarily indicative of the results of operations for a full year. On May 25, 2016, the Company sold Alstyle Apparel, LLC and its subsidiaries, which constituted the Company’s apparel segment (the “Apparel Segment”), to Gildan Activewear Inc. As a result of this action, the current year and prior year disclosures reflect these operations as discontinued operations and prior year financial information has been restated to reflect this accounting treatment. Recent Accounting Pronouncements In January 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 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 In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) ASU 2014-09 Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date ASU 2015-14

Accounts Receivable and Allowan

Accounts Receivable and Allowance for Doubtful Receivables	6 Months Ended
	Aug. 31, 2017
Receivables [Abstract]
Accounts Receivable and Allowance for Doubtful Receivables	2. Accounts Receivable and Allowance for Doubtful Receivables Accounts receivable are reduced by an allowance for an estimate of amounts that are uncollectible. Substantially all of the Company’s receivables are due from customers in the United States. 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 creditworthiness, and (iii) review of customer receivable aging and payment trends. The Company writes off accounts receivable when they become uncollectible, and payments subsequently received on such receivables are credited to the allowance in the period the payment is received. Credit losses from continuing operations have consistently been within management’s expectations. The following table presents the activity in the Company’s allowance for doubtful receivables (in thousands): Three months ended Six months ended August 31, August 31, 2017 2016 2017 2016 Balance at beginning of period $ 1,442 $ 1,787 $ 1,674 $ 2,041 Bad debt expense, net of recoveries (82 ) 101 (248 ) 103 Accounts written off (42 ) (68 ) (108 ) (324 ) Balance at end of period $ 1,318 $ 1,820 $ 1,318 $ 1,820

Inventories

Inventories	6 Months Ended
	Aug. 31, 2017
Inventory Disclosure [Abstract]
Inventories	3. Inventories The Company uses the lower of last-in, first-out (“ LIFO FIFO The following table summarizes the components of inventories at the different stages of production as of the dates indicated (in thousands): August 31, February 28, 2017 2017 Raw material $ 16,696 $ 16,130 Work-in-process 3,676 3,199 Finished goods 8,856 8,636 $ 29,228 $ 27,965

Acquisitions

Acquisitions	6 Months Ended
	Aug. 31, 2017
Business Combinations [Abstract]
Acquisitions	4. Acquisitions On July 7, 2017, the Company acquired the assets of a tag operation located in Ohio, for $1.4 million in cash plus the assumption of certain accrued liabilities. Management considers this acquisition immaterial. On January 27, 2017, the Company completed the acquisition of Independent Printing Company, Inc. and its related entities (collectively “ Independent The following is a summary of the final purchase price allocations 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 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, 2016, after the estimated impact of adjustments such as amortization of intangible assets, interest expense, interest income, and related tax effects (in thousands, except per share amounts): Three months ended Six months ended August 31, 2016 August 31, 2016 Pro forma net sales $ 100,389 $ 199,942 Pro forma net earnings 7,034 13,967 Pro forma earnings per share - diluted 0.27 0.54 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	6 Months Ended
	Aug. 31, 2017
Discontinued Operations And Disposal Groups [Abstract]
Discontinued Operations	5. Discontinued Operations On May 25, 2016 the Company sold its Apparel Segment to Gildan Activewear Inc. for an all-cash purchase price of $110.0 million, subject to a working capital adjustment, customary indemnification arrangements, and the other terms of the Unit Purchase Agreement dated May 4, 2016. The operating results of these discontinued operations only reflect revenues and expenses that are directly attributable to the Apparel Segment and that have been eliminated from continuing 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 Carrying value of disposed 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) Includes the termination fee, in the amount of $3.0 million, paid as a result of the termination of a prior purchase agreement for the sale of the Apparel Segment to Alstyle Operations, LLC. Six months ended August 31, 2016 Net sales $ 41,038 Income from discontinued operations before income taxes 3,873 Loss on sale of discontinued operations before income taxes (40,648 ) Loss on discontinued operations before income taxes (36,775 ) Income tax benefit (13,214 ) Net loss from discontinued operations $ (23,561 )

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Aug. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	6. Goodwill and Intangible Assets Beginning March 1, 2017, given the general declining trend line of print sales, and its expected continuance into the foreseeable future, the Company elected to treat the recorded value of trademarks/trade names as no longer being an indefinite-lived asset. As such, as of March 1, 2017, the Company began amortizing the carrying value of these assets over their estimated remaining useful life, approximately 17 - 19 years. The amortization expense associated with this election is expected to impact the Company’s selling, general and administrative expense line by approximately $830,000 during fiscal year 2018. The carrying amount and accumulated amortization of the Company’s intangible assets at each balance sheet date are as follows (in thousands): Weighted Average Remaining Gross Life Carrying Accumulated As of August 31, 2017 (in years) Amount Amortization Net Amortized intangible assets Trademarks and trade names 16.4 $ 19,625 $ 1,809 $ 17,816 Customer lists 8.5 58,040 23,742 34,298 Noncompete 0.3 175 116 59 Patent 0.5 783 721 62 Total 11.2 $ 78,623 $ 26,388 $ 52,235 As of February 28, 2017 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 August 31, February 28, 2017 2017 Non-amortizing intangible assets Trademarks and trade names $ — $ 15,291 Aggregate amortization expense for the six months ended August 31, 2017 and August 31, 2016 was $3.1 million and $2.3 million, respectively. The Company’s estimated amortization expense for the next five fiscal years ending in February of the stated fiscal year is as follows (in thousands): 2018 $ 5,992 2019 5,558 2020 5,476 2021 5,406 2022 5,363 Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands): Balance as of March 1, 2016 $ 64,537 Goodwill acquired 6,066 Goodwill impairment — Balance as of February 28, 2017 70,603 Goodwill acquired — Goodwill impairment — Balance as of August 31, 2017 $ 70,603 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	6 Months Ended
	Aug. 31, 2017
Text Block [Abstract]
Other Accrued Expenses	7. Other Accrued Expenses The following table summarizes the components of other accrued expenses as of the dates indicated (in thousands): August 31, February 28, 2017 2017 Accrued taxes $ 42 $ 329 Accrued legal and professional fees 441 414 Accrued interest 176 98 Accrued utilities 90 90 Accrued acquisition related obligations 792 789 Accrued credit card fees 122 119 Other accrued expenses 87 187 $ 1,750 $ 2,026

Long-Term Debt

Long-Term Debt	6 Months Ended
	Aug. 31, 2017
Debt Disclosure [Abstract]
Long-Term Debt	8. Long-Term Debt Long-term debt consisted of the following as of the dates indicated (in thousands): August 31, February 28, 2017 2017 Revolving credit facility $ 30,000 $ 30,000 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 2.3% (3 month LIBOR + 1.0%) at August 31, 2017 and 1.86% (2 month LIBOR + 1.0%) at February 28, 2017. The rate is determined by our fixed charge coverage ratio of total funded debt to earnings before interest, taxes, depreciation and amortization (“ EBITDA

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Aug. 31, 2017
Equity [Abstract]
Shareholders' Equity	9. Shareholders’ Equity The Board has authorized the repurchase of up to an aggregate of $40.0 million of the Company’s outstanding common stock through a stock repurchase program. Under the repurchase program, share purchases may be made from time to time in the open market or through privately negotiated transactions depending on market conditions, share price, trading volume and other factors. Such purchases, if any, will be made in accordance with applicable insider trading and other securities laws and regulations. These repurchases may be commenced or suspended at any time or from time to time without prior notice. During the six months ended August 31, 2017 the Company, under the program, repurchased 191,033 shares of common stock at an average price of $17.33 per share. Since the program’s inception in October 2008, there have been 1,442,236 common shares repurchased at an average price of $14.99 per share. As of August 31, 2017 there was $18.4 million available to repurchase shares of the Company’s common stock under the program.

Stock Option Plan and Stock Bas

Stock Option Plan and Stock Based Compensation	6 Months Ended
	Aug. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Option Plan and Stock Based Compensation	10. Stock Option Plan and Stock Based Compensation The Company grants stock options and restricted stock to key executives and managerial employees and non-employee directors. At August 31, 2017, the Company had one stock option plan, the 2004 Long-Term Incentive Plan of Ennis, Inc., as amended and restated as of June 30, 2011, formerly the 1998 Option and Restricted Stock Plan amended and restated as of May 14, 2008 (the “ Plan The Company recognizes compensation expense for stock options and restricted stock grants on a straight-line basis over the requisite service period. For the three months ended August 31, 2017 and August 31, 2016, the Company included compensation expense related to share-based compensation of $0.4 million ($0.2 million net of tax), and $0.4 million ($0.2 million net of tax), respectively, in selling, general, and administrative expenses. For the six months ended August 31, 2017 and August 31, 2016, the Company included compensation expense related to share-based compensation of $0.7 million ($0.4 million net of tax), and $0.7 million ($0.4 million net of tax), respectively, in selling, general, and administrative expenses. Stock Options The Company had the following stock option activity for the six months ended August 31, 2017: Weighted Weighted Average Aggregate Number Average Remaining Intrinsic of Shares Exercise Contractual Value(a) (exact quantity) Price Life (in years) (in Outstanding at March 1, 2017 172,496 $ 15.95 4.2 $ 223 Granted — — Terminated — — Exercised — — Outstanding at August 31, 2017 172,496 $ 15.95 3.7 $ 543 Exercisable at August 31, 2017 170,880 $ 15.97 3.7 $ 534 (a) Intrinsic value is measured as the excess of fair market value of the Company’s common stock as reported on the New York Stock Exchange over the applicable exercise price. No stock options were granted during the six months ended August 31, 2017 and August 31, 2016. A summary of the stock options exercised and tax benefits realized from stock based compensation is presented below (in thousands): Three months ended Six months ended August 31, August 31, 2017 2016 2017 2016 Total cash received $ — $ — $ — $ 2,910 Income tax benefits — — — — Total grant-date fair value — — — 532 Intrinsic value — — — 969 A summary of the Company’s unvested stock options at August 31, 2017 and the changes during the six months ended August 31, 2017 are presented below: Weighted Average Number Grant Date of Options Fair Value Unvested at March 1, 2017 5,073 $ 2.41 New grants — — Vested (3,457 ) 2.48 Forfeited — — Unvested at August 31, 2017 1,616 $ 2.24 As of August 31, 2017, there was approximately $1,400 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 0.6 years. Restricted Stock The Company had the following restricted stock grant activity for the six months ended August 31, 2017: Weighted Average Number of Grant Date Shares Fair Value Outstanding at March 1, 2017 166,546 $ 16.35 Granted 74,900 16.30 Terminated — — Vested (88,105 ) 15.91 Outstanding at August 31, 2017 153,341 $ 16.58 As of August 31, 2017, the total remaining unrecognized compensation cost related to unvested restricted stock granted under the Plan was approximately $2.1 million. The weighted average remaining requisite service period of the unvested restricted stock awards was 1.9 years.

Pension Plan

Pension Plan	6 Months Ended
	Aug. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Pension Plan	11. Pension Plan The Company and certain subsidiaries have a noncontributory defined benefit retirement plan (the “ Pension Plan Pension expense is composed of the following components included in cost of goods sold and selling, general, and administrative expenses in the Company’s consolidated statements of earnings (in thousands): Three months ended Six months ended August 31, August 31, 2017 2016 2017 2016 Components of net periodic benefit cost Service cost $ 270 $ 292 $ 541 $ 583 Interest cost 567 593 1,135 1,186 Expected return on plan assets (948 ) (916 ) (1,897 ) (1,832 ) Amortization of: Unrecognized net loss 511 670 1,021 1,341 Net periodic benefit cost $ 400 $ 639 $ 800 $ 1,278 The Company is required to make contributions to the Pension Plan. These contributions are required under the minimum funding requirements of ERISA. Due to the enactment of the Highway and Transportation Funding Act (HATFA) in August 2014, plan sponsors can calculate the discount rate used to measure the Pension Plan liability using a 25-year average of interest rates plus or minus a corridor. The Company’s minimum required contribution to the Pension Plan is zero for the Pension Plan year ending February 28, 2018. However, the Company expects to make a cash contribution to the Pension Plan of between $2.0 million and $3.0 million during fiscal year 2018. The Company contributed $3.0 million to the Pension Plan during fiscal year 2017.

Earnings (loss) per Share

Earnings (loss) per Share	6 Months Ended
	Aug. 31, 2017
Earnings Per Share [Abstract]
Earnings (loss) per Share	12. Earnings (loss) per Share Basic earnings (loss) per share have been computed by dividing net earnings by the weighted average number of common shares outstanding during the applicable period. Diluted earnings (loss) per share reflect the potential dilution that could occur if stock options or other contracts to issue common shares were exercised or converted into common stock. For the three and six months ended August 31, 2017, 42,500 and 95,692 shares, respectively, related to stock options were not included in the diluted earnings per share computation because the exercise price exceeded the average fair market value of the Company’s stock. For the three months ended August 31, 2016, 42,500 shares related to stock options were not included in the diluted earnings per share computation because the exercise price exceeded the average fair market value of the Company’s stock. For the six months ended August 31, 2016, all options were included in the diluted earnings (loss) per share computation because their average fair market value exceeded the exercise price of the Company’s stock. The following table sets forth the computation for basic and diluted earnings (loss) per share for the periods indicated: Three months ended Six months ended August 31, August 31, 2017 2016 2017 2016 Basic weighted average common shares outstanding 25,342,747 25,893,218 25,388,292 25,847,051 Effect of dilutive options 23,254 17,157 17,571 21,748 Diluted weighted average common shares outstanding 25,366,001 25,910,375 25,405,863 25,868,799 Earnings (loss) per share - basic and diluted Earnings per share on continuing operations $ 0.34 $ 0.26 $ 0.64 $ 0.52 Earnings per share on discontinued operations — — — 0.10 Loss per share on sale of discontinued operations — — — (1.01 ) Loss on discontinued operations — — — (0.91 ) Net earnings (loss) $ 0.34 $ 0.26 $ 0.64 $ (0.39 ) Cash dividends $ 0.20 $ 1.675 $ 0.375 $ 1.85

Concentrations of Risk

Concentrations of Risk	6 Months Ended
	Aug. 31, 2017
Risks And Uncertainties [Abstract]
Concentrations of Risk	13. Concentrations of Risk Financial instruments that potentially subject the Company to a concentration of credit risk principally consist of cash and trade receivables. Cash is placed with high-credit quality financial institutions. The Company believes its credit risk with respect to trade receivables is limited due to industry and geographic diversification. As disclosed on the Consolidated Balance Sheets, the Company maintains an allowance for doubtful receivables to cover the Company’s estimate of credit losses associated with accounts receivable. The Company, for quality and pricing reasons, purchases its paper 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 insures accounts up to $250,000. At August 31, 2017, cash balances included $84.1 million that was not federally insured because it represented amounts in individual accounts above the federally insured limit for each such account. This at-risk amount is subject to fluctuation on a daily basis. While management does not believe there is significant risk with respect to such deposits, we cannot be assured that we will not experience losses on our deposits.

Subsequent Events

Subsequent Events	6 Months Ended
	Aug. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On September 22, 2017, the Board declared a quarterly cash dividend of 20 cents per share, which will be paid on November 10, 2017 to the shareholders of record on October 13, 2017.

Significant Accounting Polici23

Significant Accounting Policies and General Matters (Policies)	6 Months Ended
	Aug. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These unaudited consolidated financial statements of Ennis, Inc. and its subsidiaries (collectively referred to as the “Company,” “Registrant,” “Ennis,” or “we,” “us,” or “our”) for the period ended August 31, 2017 have been prepared in accordance with generally accepted accounting principles for interim financial reporting. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended February 28, 2017, from which the accompanying consolidated balance sheet at February 28, 2017 was derived. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the interim financial information have been included and are of a normal recurring nature. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the disclosure and reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company evaluates these estimates and judgments on an ongoing basis, including those related to bad debts, inventory valuations, property, plant and equipment, intangible assets, pension plan, accrued liabilities, and income taxes. The Company bases estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances. The results of operations for any interim period are not necessarily indicative of the results of operations for a full year. On May 25, 2016, the Company sold Alstyle Apparel, LLC and its subsidiaries, which constituted the Company’s apparel segment (the “Apparel Segment”), to Gildan Activewear Inc. As a result of this action, the current year and prior year disclosures reflect these operations as discontinued operations and prior year financial information has been restated to reflect this accounting treatment.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 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 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 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 Allow24

Accounts Receivable and Allowance for Doubtful Receivables (Tables)	6 Months Ended
	Aug. 31, 2017
Receivables [Abstract]
Allowance for Doubtful Receivables	The following table presents the activity in the Company’s allowance for doubtful receivables (in thousands): Three months ended Six months ended August 31, August 31, 2017 2016 2017 2016 Balance at beginning of period $ 1,442 $ 1,787 $ 1,674 $ 2,041 Bad debt expense, net of recoveries (82 ) 101 (248 ) 103 Accounts written off (42 ) (68 ) (108 ) (324 ) Balance at end of period $ 1,318 $ 1,820 $ 1,318 $ 1,820

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Aug. 31, 2017
Inventory Disclosure [Abstract]
Components of Inventories	The following table summarizes the components of inventories at the different stages of production as of the dates indicated (in thousands): August 31, February 28, 2017 2017 Raw material $ 16,696 $ 16,130 Work-in-process 3,676 3,199 Finished goods 8,856 8,636 $ 29,228 $ 27,965

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Aug. 31, 2017
Business Combinations [Abstract]
Summary of Final Purchase Price Allocations	The following is a summary of the final purchase price allocations 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, 2016, after the estimated impact of adjustments such as amortization of intangible assets, interest expense, interest income, and related tax effects (in thousands, except per share amounts): Three months ended Six months ended August 31, 2016 August 31, 2016 Pro forma net sales $ 100,389 $ 199,942 Pro forma net earnings 7,034 13,967 Pro forma earnings per share - diluted 0.27 0.54

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Aug. 31, 2017
Discontinued Operations And Disposal Groups [Abstract]
Schedule of Discontinued Operations Related to Apparel Segment	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 Carrying value of disposed 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) Includes the termination fee, in the amount of $3.0 million, paid as a result of the termination of a prior purchase agreement for the sale of the Apparel Segment to Alstyle Operations, LLC. Six months ended August 31, 2016 Net sales $ 41,038 Income from discontinued operations before income taxes 3,873 Loss on sale of discontinued operations before income taxes (40,648 ) Loss on discontinued operations before income taxes (36,775 ) Income tax benefit (13,214 ) Net loss from discontinued operations $ (23,561 )

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Aug. 31, 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): Weighted Average Remaining Gross Life Carrying Accumulated As of August 31, 2017 (in years) Amount Amortization Net Amortized intangible assets Trademarks and trade names 16.4 $ 19,625 $ 1,809 $ 17,816 Customer lists 8.5 58,040 23,742 34,298 Noncompete 0.3 175 116 59 Patent 0.5 783 721 62 Total 11.2 $ 78,623 $ 26,388 $ 52,235 As of February 28, 2017 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
Non-amortizing Intangible Assets	August 31, February 28, 2017 2017 Non-amortizing intangible assets Trademarks and trade names $ — $ 15,291
Estimated Amortization Expense	The Company’s estimated amortization expense for the next five fiscal years ending in February of the stated fiscal year is as follows (in thousands): 2018 $ 5,992 2019 5,558 2020 5,476 2021 5,406 2022 5,363
Changes in Net Carrying Amount of Goodwill	Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands): Balance as of March 1, 2016 $ 64,537 Goodwill acquired 6,066 Goodwill impairment — Balance as of February 28, 2017 70,603 Goodwill acquired — Goodwill impairment — Balance as of August 31, 2017 $ 70,603

Other Accrued Expenses (Tables)

Other Accrued Expenses (Tables)	6 Months Ended
	Aug. 31, 2017
Text Block [Abstract]
Components of Other Accrued Expenses	The following table summarizes the components of other accrued expenses as of the dates indicated (in thousands): August 31, February 28, 2017 2017 Accrued taxes $ 42 $ 329 Accrued legal and professional fees 441 414 Accrued interest 176 98 Accrued utilities 90 90 Accrued acquisition related obligations 792 789 Accrued credit card fees 122 119 Other accrued expenses 87 187 $ 1,750 $ 2,026

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Aug. 31, 2017
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following as of the dates indicated (in thousands): August 31, February 28, 2017 2017 Revolving credit facility $ 30,000 $ 30,000

Stock Option Plan and Stock B31

Stock Option Plan and Stock Based Compensation (Tables)	6 Months Ended
	Aug. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Option Activity	The Company had the following stock option activity for the six months ended August 31, 2017: Weighted Weighted Average Aggregate Number Average Remaining Intrinsic of Shares Exercise Contractual Value(a) (exact quantity) Price Life (in years) (in Outstanding at March 1, 2017 172,496 $ 15.95 4.2 $ 223 Granted — — Terminated — — Exercised — — Outstanding at August 31, 2017 172,496 $ 15.95 3.7 $ 543 Exercisable at August 31, 2017 170,880 $ 15.97 3.7 $ 534 (a) Intrinsic value is measured as the excess of fair market value of the Company’s common stock as reported on the New York Stock Exchange over the applicable exercise price.
Summary of Stock Options Exercised and Tax Benefits Realized from Stock Based Compensation	A summary of the stock options exercised and tax benefits realized from stock based compensation is presented below (in thousands): Three months ended Six months ended August 31, August 31, 2017 2016 2017 2016 Total cash received $ — $ — $ — $ 2,910 Income tax benefits — — — — Total grant-date fair value — — — 532 Intrinsic value — — — 969
Summary of Unvested Stock Options	A summary of the Company’s unvested stock options at August 31, 2017 and the changes during the six months ended August 31, 2017 are presented below: Weighted Average Number Grant Date of Options Fair Value Unvested at March 1, 2017 5,073 $ 2.41 New grants — — Vested (3,457 ) 2.48 Forfeited — — Unvested at August 31, 2017 1,616 $ 2.24
Restricted Stock Grant Activity	The Company had the following restricted stock grant activity for the six months ended August 31, 2017: Weighted Average Number of Grant Date Shares Fair Value Outstanding at March 1, 2017 166,546 $ 16.35 Granted 74,900 16.30 Terminated — — Vested (88,105 ) 15.91 Outstanding at August 31, 2017 153,341 $ 16.58

Pension Plan (Tables)

Pension Plan (Tables)	6 Months Ended
	Aug. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Summary of Pension Expense Composed of Components Included in Cost of Goods Sold and Selling, General and Administrative Expenses	Pension expense is composed of the following components included in cost of goods sold and selling, general, and administrative expenses in the Company’s consolidated statements of earnings (in thousands): Three months ended Six months ended August 31, August 31, 2017 2016 2017 2016 Components of net periodic benefit cost Service cost $ 270 $ 292 $ 541 $ 583 Interest cost 567 593 1,135 1,186 Expected return on plan assets (948 ) (916 ) (1,897 ) (1,832 ) Amortization of: Unrecognized net loss 511 670 1,021 1,341 Net periodic benefit cost $ 400 $ 639 $ 800 $ 1,278

Earnings (loss) per Share (Tabl

Earnings (loss) per Share (Tables)	6 Months Ended
	Aug. 31, 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 periods indicated: Three months ended Six months ended August 31, August 31, 2017 2016 2017 2016 Basic weighted average common shares outstanding 25,342,747 25,893,218 25,388,292 25,847,051 Effect of dilutive options 23,254 17,157 17,571 21,748 Diluted weighted average common shares outstanding 25,366,001 25,910,375 25,405,863 25,868,799 Earnings (loss) per share - basic and diluted Earnings per share on continuing operations $ 0.34 $ 0.26 $ 0.64 $ 0.52 Earnings per share on discontinued operations — — — 0.10 Loss per share on sale of discontinued operations — — — (1.01 ) Loss on discontinued operations — — — (0.91 ) Net earnings (loss) $ 0.34 $ 0.26 $ 0.64 $ (0.39 ) Cash dividends $ 0.20 $ 1.675 $ 0.375 $ 1.85

Accounts Receivable and Allow34

Accounts Receivable and Allowance for Doubtful Receivables - Allowance for Doubtful Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Receivables [Abstract]
Balance at beginning of period	$ 1,442	$ 1,787	$ 1,674	$ 2,041
Bad debt expense, net of recoveries	(82)	101	(248)	103
Accounts written off	(42)	(68)	(108)	(324)
Balance at end of period	$ 1,318	$ 1,820	$ 1,318	$ 1,820

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Aug. 31, 2017	Feb. 28, 2017
Inventory Disclosure [Abstract]
Raw material	$ 16,696	$ 16,130
Work-in-process	3,676	3,199
Finished goods	8,856	8,636
Inventories	$ 29,228	$ 27,965

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 31, 2017USD ($)	Aug. 31, 2016USD ($)	Aug. 31, 2017USD ($)	Aug. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Jul. 07, 2017USD ($)	Jan. 27, 2017USD ($)LocationFacility
Business Acquisition [Line Items]
Net sales	$ 94,887	$ 91,246	$ 189,477	$ 181,656
Tag Company [Member]
Business Acquisition [Line Items]
Total purchase consideration						$ 1,400
Independent Printing Company, Inc. [Member]
Business Acquisition [Line Items]
Total purchase consideration							$ 17,677
Number of location | Location							4
Number of folder facilities | Facility							4
Net sales					$ 37,000

Acquisitions - Summary of Final

Acquisitions - Summary of Final Purchase Price Allocations (Detail) - USD ($) $ in Thousands	Aug. 31, 2017	Feb. 28, 2017	Jan. 27, 2017	Feb. 29, 2016
Business Acquisition [Line Items]
Goodwill	$ 70,603	$ 70,603		$ 64,537
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	3 Months Ended	6 Months Ended
	Aug. 31, 2016	Aug. 31, 2016
Business Combinations [Abstract]
Pro forma net sales	$ 100,389	$ 199,942
Pro forma net earnings	$ 7,034	$ 13,967
Pro forma earnings per share - diluted	$ 0.27	$ 0.54

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) - Apparel Segment [Member] $ in Thousands	May 25, 2016USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price, cash to be received	$ 110,000
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	$ 110,000

Discontinued Operations - Sched

Discontinued Operations - Schedule of Discontinued Operations Related to the Apparel Segment (Detail) - USD ($) $ in Thousands		May 25, 2016	Aug. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on discontinued operations before income taxes			$ (36,775)
Loss from discontinued operations, net of tax			(23,561)
Apparel Segment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales price		$ 110,000
Carrying value of disposed 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
Income from discontinued operations before income taxes			3,873
Loss on sale of discontinued operations before income taxes		$ (40,648)	(40,648)
Loss on discontinued operations before income taxes			(36,775)
Income tax benefit			(13,214)
Loss from discontinued operations, net of tax			$ (23,561)
[1]	Includes the termination fee, in the amount of $3.0 million, paid as a result of the termination of a prior purchase agreement for the sale of the Apparel Segment to Alstyle Operations, LLC.

Discontinued Operations - Sch41

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 Intangible Asset42

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	Mar. 02, 2017	Aug. 31, 2017	Aug. 31, 2016	Feb. 28, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization of trade names, customer lists, and patent		$ 3,077,000	$ 2,321,000
Goodwill acquired				$ 6,066,000
Independent Printing Company, Inc. [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired				$ 6,100,000
Selling, General and Administrative [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of trade names, customer lists, and patent	$ 830,000
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining estimated useful life	17 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining estimated useful life	19 years

Goodwill and Intangible Asset43

Goodwill and Intangible Assets - Carrying Amount and Accumulated Amortization of Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Aug. 31, 2017	Feb. 28, 2017
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	11 years 2 months 12 days	8 years 9 months 18 days
Gross Carrying Amount	$ 78,623	$ 61,947
Accumulated Amortization	26,388	23,311
Amortized intangible assets, Net	$ 52,235	$ 38,636
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	16 years 4 months 24 days	8 years
Gross Carrying Amount	$ 19,625	$ 3,642
Accumulated Amortization	1,809	1,234
Amortized intangible assets, Net	$ 17,816	$ 2,408
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	8 years 6 months	8 years 10 months 25 days
Gross Carrying Amount	$ 58,040	$ 57,347
Accumulated Amortization	23,742	21,336
Amortized intangible assets, Net	$ 34,298	$ 36,011
Noncompete [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	3 months 19 days	9 months 18 days
Gross Carrying Amount	$ 175	$ 175
Accumulated Amortization	116	86
Amortized intangible assets, Net	$ 59	$ 89
Patent [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	6 months	1 year
Gross Carrying Amount	$ 783	$ 783
Accumulated Amortization	721	655
Amortized intangible assets, Net	$ 62	$ 128

Goodwill and Intangible Asset44

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

Goodwill and Intangible Asset45

Goodwill and Intangible Assets - Estimated Amortization Expense (Detail) $ in Thousands	Aug. 31, 2017USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2,018	$ 5,992
2,019	5,558
2,020	5,476
2,021	5,406
2,022	$ 5,363

Goodwill and Intangible Asset46

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

Other Accrued Expenses - Compon

Other Accrued Expenses - Components of Other Accrued Expenses (Detail) - USD ($) $ in Thousands	Aug. 31, 2017	Feb. 28, 2017
Payables And Accruals [Abstract]
Accrued taxes	$ 42	$ 329
Accrued legal and professional fees	441	414
Accrued interest	176	98
Accrued utilities	90	90
Accrued acquisition related obligations	792	789
Accrued credit card fees	122	119
Other accrued expenses	87	187
Other accrued expenses, Total	$ 1,750	$ 2,026

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Aug. 31, 2017	Feb. 28, 2017
Line of Credit Facility [Line Items]
Revolving credit facility	$ 30,000	$ 30,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility	$ 30,000	$ 30,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail)	Feb. 28, 2017	Aug. 31, 2017USD ($)
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Long-term debt		$ 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 3.00:1.00, (ii) the Company’s fixed charge coverage ratio may not be less than 1.25:1.00, and (iii) the Company may make dividends or distributions to shareholders so long as (a) no event of default has occurred and is 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 2.50:1.00.
Revolving credit facility, interest rate description		LIBOR rate plus a spread ranging from 1.0% to 2.0%, which rate was 2.3% (3 month LIBOR + 1.0%) at August 31, 2017 and 1.86% (2 month LIBOR + 1.0%) at February 28, 2017.
Revolving credit facility, variable basis spread	1.00%	1.00%
Revolving credit facility, interest rate	1.86%	2.30%
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] | Dividends or Distributions Effect [Member] | Minimum [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]
Long-term debt		$ 20,000,000
Second Amendment [Member] | Swing-line Loans [Member]
Line of Credit Facility [Line Items]
Long-term debt		15,000,000
Third Amendment [Member] | Standby Letters of Credit [Member]
Line of Credit Facility [Line Items]
Long-term debt		1,200,000
Revolving credit facility, remaining borrowing capacity		$ 68,800,000

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail)	Aug. 31, 2017USD ($)	Aug. 31, 2017USD ($)$ / sharesshares	Aug. 31, 2017USD ($)$ / sharesshares
Statement Of Stockholders Equity [Abstract]
Repurchase of common stock through a stock repurchase program	$ 40,000,000	$ 40,000,000	$ 40,000,000
Repurchase of common stock | shares		191,033	1,442,236
Repurchase of common stock, average cost per share | $ / shares		$ 17.33	$ 14.99
Total amount available to repurchase of shares	$ 18,400,000

Stock Option Plan and Stock B51

Stock Option Plan and Stock Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unissued common stock reserved	529,408		529,408
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	0
Unrecognized compensation cost related to unvested stock options granted	$ 1,400		$ 1,400
Remaining unrecognized compensation cost related to unvested restricted stock	2,100,000		$ 2,100,000
Weighted average remaining requisite service period of the unvested restricted stock awards			1 year 10 months 25 days
Unvested Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining requisite service period of the unvested stock options			7 months 6 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	400,000	$ 400,000	$ 700,000	$ 700,000
Compensation expense related share based compensation net of tax	$ 200,000	$ 200,000	$ 400,000	$ 400,000

Stock Option Plan and Stock B52

Stock Option Plan and Stock Based Compensation - Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Feb. 28, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Shares, Options Outstanding, Beginning Balance	172,496
Number of Shares, Granted	0	0
Number of Shares, Terminated	0
Number of Shares, Exercised	0
Number of Shares, Options Outstanding, Ending Balance	172,496		172,496
Number of Shares, Exercisable	170,880
Weighted Average Exercise Price, Beginning Balance	$ 15.95
Weighted Average Exercise Price, Granted	0
Weighted Average Exercise Price, Terminated	0
Weighted Average Exercise Price, Exercised	0
Weighted Average Exercise Price, Ending Balance	15.95		$ 15.95
Weighted Average Exercise Price, Exercisable	$ 15.97
Weighted Average Remaining Contractual Life (in years)	3 years 8 months 12 days		4 years 2 months 12 days
Weighted Average Remaining Contractual Life, Exercisable	3 years 8 months 12 days
Aggregate Intrinsic Value	$ 543		$ 223
Aggregate Intrinsic Value, Exercisable	$ 534

Stock Option Plan and Stock B53

Stock Option Plan and Stock Based Compensation - Summary of Stock Options Exercised and Tax Benefits Realized from Stock Based Compensation (Detail) $ in Thousands	6 Months Ended
	Aug. 31, 2016USD ($)
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Total cash received	$ 2,910
Total grant-date fair value	532
Intrinsic value	$ 969

Stock Option Plan and Stock B54

Stock Option Plan and Stock Based Compensation - Summary of Unvested Stock Options (Detail) - $ / shares	6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Unvested Beginning Balance, Number of Options	5,073
New grants, Number of Options	0	0
Vested, Number of Options	(3,457)
Forfeited, Number of Options	0
Unvested Ending Balance, Number of Options	1,616
Unvested Beginning Balance, Weighted Average Grant Date Fair Value	$ 2.41
New grants, Weighted Average Grant Date Fair Value	0
Vested, Weighted Average Grant Date Fair Value	2.48
Forfeited, Weighted Average Grant Date Fair Value	0
Unvested Ending Balance, Weighted Average Grant Date Fair Value	$ 2.24

Stock Option Plan and Stock B55

Stock Option Plan and Stock Based Compensation - Restricted Stock Grant Activity (Detail) - Restricted Stock [Member]	6 Months Ended
	Aug. 31, 2017$ / sharesshares
Restricted stock grant activity
Outstanding at Beginning, Number of Shares | shares	166,546
Number of Shares, Granted | shares	74,900
Number of Shares, Terminated | shares	0
Number of Shares, Vested | shares	(88,105)
Outstanding at Ending, Number of Shares | shares	153,341
Outstanding at Beginning, Weighted Average Grant Date Fair value | $ / shares	$ 16.35
Weighted Average Grant Date Fair Value, Granted | $ / shares	16.30
Weighted Average Grant Date Fair Value, Terminated | $ / shares	0
Weighted Average Grant Date Fair Value, Vested | $ / shares	15.91
Outstanding at Ending, Weighted Average Grant Date Fair value | $ / shares	$ 16.58

Pension Plan - Additional Infor

Pension Plan - Additional Information (Detail) - USD ($)	6 Months Ended	12 Months Ended
	Aug. 31, 2017	Feb. 28, 2018	Feb. 28, 2017
Defined Benefit Plan Disclosure [Line Items]
Employees covered under noncontributory Pension Plan	20.00%
Compensation period preceding retirement and termination	5 years
Period used for calculating Pension Plan liability	25 years
Expected contributions			$ 3,000,000
Scenario Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Minimum required contribution to the plan is approximately		$ 0
Minimum [Member] | Scenario Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contributions		2,000,000
Maximum [Member] | Scenario Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contributions		$ 3,000,000

Pension Plan - Summary of Pensi

Pension Plan - Summary of Pension Expense Composed of Components Included in Cost of Goods Sold and Selling, General and Administrative Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Components of net periodic benefit cost
Service cost	$ 270	$ 292	$ 541	$ 583
Interest cost	567	593	1,135	1,186
Expected return on plan assets	(948)	(916)	(1,897)	(1,832)
Amortization of:
Unrecognized net loss	511	670	1,021	1,341
Net periodic benefit cost	$ 400	$ 639	$ 800	$ 1,278

Earnings (loss) per Share - Add

Earnings (loss) per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017
Earnings Per Share [Abstract]
Stock options not included in the diluted earnings per share computation	42,500	42,500	95,692

Earnings (loss) per Share - Com

Earnings (loss) per Share - Computation for Basic and Diluted Earnings (loss) per Share (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	25,342,747	25,893,218	25,388,292	25,847,051
Effect of dilutive options	23,254	17,157	17,571	21,748
Diluted weighted average common shares outstanding	25,366,001	25,910,375	25,405,863	25,868,799
Earnings (loss) per share - basic and diluted
Earnings per share on continuing operations	$ 0.34	$ 0.26	$ 0.64	$ 0.52
Earnings per share on discontinued operations				0.10
Loss per share on sale of discontinued operations				(1.01)
Loss on discontinued operations				(0.91)
Net earnings (loss)	0.34	0.26	0.64	(0.39)
Cash dividends	$ 0.20	$ 1.675	$ 0.375	$ 1.85

Concentrations of Risk - Additi

Concentrations of Risk - Additional Information (Detail)	Aug. 31, 2017USD ($)
Risks And Uncertainties [Abstract]
Maximum insurance available to depositors under the FDIC's general deposit insurance rules	$ 250,000
Cash balances not federally insured	$ 84,100,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - $ / shares	6 Months Ended
	Aug. 31, 2017	Sep. 22, 2017
Subsequent Event [Line Items]
Dividend payable date	Nov. 10, 2017
Dividend payable, date of record	Oct. 13, 2017
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend payable per share		$ 0.20