Ennis (EBF) 10-Q 6 Jul 18 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	May 31, 2018	Jun. 29, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 31, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Trading Symbol	EBF
Entity Registrant Name	ENNIS, INC.
Entity Central Index Key	33,002
Current Fiscal Year End Date	--02-28
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		25,456,559

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2018	Feb. 28, 2018
Current assets
Cash	$ 96,420	$ 96,230
Accounts receivable, net of allowance for doubtful receivables of $1,298 at May 31, 2018 and $1,194 at February 28, 2018	36,241	35,654
Prepaid expenses	1,227	1,305
Prepaid income taxes	312	3,600
Inventories	30,971	26,480
Assets held for sale	75	75
Total current assets	165,246	163,344
Property, plant and equipment
Plant, machinery and equipment	134,678	133,222
Land and buildings	55,164	54,318
Other	23,299	23,208
Total property, plant and equipment	213,141	210,748
Less accumulated depreciation	166,770	164,840
Net property, plant and equipment	46,371	45,908
Goodwill	70,603	70,603
Intangible assets, net	49,805	49,254
Other assets	302	330
Total assets	332,327	329,439
Current liabilities
Accounts payable	11,290	12,168
Accrued expenses	16,622	17,403
Total current liabilities	27,912	29,571
Long-term debt	30,000	30,000
Liability for pension benefits	735	735
Deferred income taxes	6,257	6,189
Other liabilities	1,647	1,240
Total liabilities	66,551	67,735
Commitments and contingencies
Shareholders’ equity
Preferred stock $10 par value, authorized 1,000,000 shares; none issued
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at May 31, 2018 and February 28, 2018	75,134	75,134
Additional paid-in capital	120,270	121,333
Retained earnings	168,341	164,177
Accumulated other comprehensive income (loss):
Minimum pension liability, net of taxes	(16,167)	(16,428)
Total accumulated other comprehensive income (loss)	(16,167)	(16,428)
Treasury stock	(81,802)	(82,512)
Total shareholders’ equity	265,776	261,704
Total liabilities and shareholders' equity	$ 332,327	$ 329,439

Unaudited Consolidated Balance3

Unaudited Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	May 31, 2018	Feb. 28, 2018
Statement Of Financial Position [Abstract]
Allowance for doubtful receivables	$ 1,298	$ 1,194
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
	May 31, 2018	May 31, 2017
Income Statement [Abstract]
Net sales	$ 93,419	$ 94,590
Type of revenue [extensible list]	ebf:CommercialPrintedProductMember	ebf:CommercialPrintedProductMember
Cost of goods sold	$ 63,228	$ 64,598
Type of cost, good or service [extensible list]	ebf:CommercialPrintedProductMember	ebf:CommercialPrintedProductMember
Gross profit margin	$ 30,191	$ 29,992
Selling, general and administrative	17,735	17,316
(Gain) loss from disposal of assets	(4)	15
Income from operations	12,460	12,661
Other income (expense)
Interest expense	(261)	(190)
Other, net	130	(116)
Total other income (expense)	(131)	(306)
Earnings before income taxes	12,329	12,355
Income tax expense	3,082	4,571
Net earnings	$ 9,247	$ 7,784
Weighted average common shares outstanding
Basic	25,333,673	25,422,856
Diluted	25,363,772	25,436,787
Earnings per share
Basic	$ 0.37	$ 0.31
Diluted	0.36	0.31
Cash dividends per share	$ 0.200	$ 0.175

Unaudited Consolidated Stateme5

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	May 31, 2018	May 31, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 9,247	$ 7,784
Adjustment to pension, net of deferred taxes	261	248
Comprehensive income	$ 9,508	$ 8,032

Unaudited Consolidated Stateme6

Unaudited Consolidated Statement of Changes in Shareholders' Equity - 3 months ended May 31, 2018 - 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, 2018	$ 261,704	$ 75,134	$ 121,333	$ 164,177	$ (16,428)	$ (82,512)
Beginning balance common stock, shares at Feb. 28, 2018	30,053,443	30,053,443
Beginning balance, treasury stock, shares at Feb. 28, 2018						(4,789,228)
Net earnings	$ 9,247			9,247
Adjustment to pension, net of deferred tax of $87	261				261
Dividends paid ($0.20 per share)	(5,083)			(5,083)
Stock based compensation	327		327
Exercise of stock options and restricted stock			(1,390)			$ 1,390
Exercise of stock options and restricted stock, shares						80,692
Common stock repurchases	$ (680)					$ (680)
Common stock repurchases, shares	(37,943)					(37,943)
Ending balance at May. 31, 2018	$ 265,776	$ 75,134	$ 120,270	$ 168,341	$ (16,167)	$ (81,802)
Ending balance common stock, shares at May. 31, 2018	30,053,443	30,053,443
Ending balance treasury stock, shares at May. 31, 2018						(4,746,479)

Unaudited Consolidated Stateme7

Unaudited Consolidated Statement of Changes in Shareholders' Equity (Parenthetical) $ in Thousands	3 Months Ended
	May 31, 2018USD ($)$ / shares
Statement Of Stockholders Equity [Abstract]
Deferred tax adjusted to pension | $	$ 87
Dividends paid per share | $ / shares	$ 0.200

Unaudited Consolidated Stateme8

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	May 31, 2018	May 31, 2017
Cash flows from operating activities:
Net earnings	$ 9,247	$ 7,784
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	2,035	1,996
Amortization of deferred finance charges	28	28
Amortization of intangible assets	1,415	1,525
(Gain) loss from disposal of assets	(4)	15
Bad debt expense, net of recoveries	135	(166)
Stock based compensation	327	333
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable	453	1,175
Prepaid expenses and income taxes	3,391	1,165
Inventories	(3,505)	(1,284)
Other assets		1
Accounts payable and accrued expenses	(1,964)	(543)
Other liabilities	3	(83)
Liability for pension benefits	329	400
Net cash provided by operating activities	11,890	12,346
Cash flows from investing activities:
Capital expenditures	(1,205)	(731)
Purchase of businesses, net of cash acquired	(4,736)
Proceeds from disposal of plant and property	4	20
Net cash used in investing activities	(5,937)	(711)
Cash flows from financing activities:
Dividends paid	(5,083)	(4,468)
Common stock repurchases	(680)	(3,310)
Net cash used in financing activities	(5,763)	(7,778)
Net change in cash	190	3,857
Cash at beginning of period	96,230	80,466
Cash at end of period	$ 96,420	$ 84,323

Significant Accounting Policies

Significant Accounting Policies and General Matters	3 Months Ended
	May 31, 2018
Accounting Policies [Abstract]
Significant Accounting Policies and General Matters	1. Significant Accounting Policies and General Matters Basis of Presentation These unaudited consolidated financial statements of Ennis, Inc. and its subsidiaries (collectively referred to as the “Company,” “Registrant,” “Ennis,” or “we,” “us,” or “our”) for the period ended May 31, 2018 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, 2018, from which the accompanying consolidated balance sheet at February 28, 2018 was derived. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the interim financial information have been included and are of a normal recurring nature. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the disclosure and reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company evaluates these estimates and judgments on an ongoing basis, including those related to bad debts, inventory valuations, property, plant and equipment, intangible assets, pension plan, accrued liabilities, and income taxes. The Company bases estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances. The results of operations for any interim period are not necessarily indicative of the results of operations for a full year. Recent Accounting Pronouncements In March 2017, the FASB issued ASU No. 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ASU 2017-07 Pension Plan 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

Revenue

Revenue	3 Months Ended
	May 31, 2018
Revenue From Contract With Customer [Abstract]
Revenue	2. Revenue On March 1, 2018, the Company adopted ASU 2014-09 using the modified retrospective method applied to those contracts which were not completed as of March 1, 2018. Results for reporting periods beginning after March 1, 2018 are presented under ASU 2014-09, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting under Topic 605, and no adjustment has been recorded to beginning retained earnings due to there being no change in revenue recognition for prior periods. The adoption did not have, and is not expected to have, a significant effect on the Company’s consolidated results of operations, financial position or cash flows. Nature of Revenues Substantially all of the Company’s revenue from contracts with customers consist of the sale of commercial printing products in the continental United States and is primarily recognized at a point in time in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods. Revenue from the sale of commercial printing products, including shipping and handling fees billed to customers, is recognized upon the transfer of control to the customer, which is generally upon shipment to the customer when the terms of the sale are freight on board (“FOB”) shipping point, or, to a lesser extent, upon delivery to the customer if the terms of the sale are FOB destination. In some cases and upon customer request, the Company prints and stores commercial printing product for customer specified future delivery, generally within the same year as the product is manufactured. In this case, revenue is recognized upon the transfer of control when manufacturing is complete and title and risk of ownership is passed to the customer, which for certain customers may be recognized over time rather than at a point in time. As the output method for measure of progress is determined to be appropriate, the Company recognizes revenue in the amount for which it has the right to invoice for revenue that is recognized over time and for which it demonstrates that the invoiced amount corresponds directly with the value to the customer for the performance completed to date. The Company does not disaggregate revenue and operates in one sales category consisting of commercial printed product revenue, which is reported as net sales on the consolidated statements of operations. The Company does not have material contract assets and contract liabilities as of May 31, 2018. Significant Judgments Generally, the Company’s contracts with customers are comprised of a written quote and customer purchase order or statement of work, and governed by the Company’s trade terms and conditions. In certain instances, it may be further supplemented by separate pricing agreements and customer incentive arrangements, which typically only affect the contract’s transaction price. Contracts do not contain a significant financing component as payment terms on invoiced amounts are typically between 30 to 90 days, based on the Company’s credit assessment of individual customers, as well as industry expectations. Product returns are not significant. From time to time, the Company may offer incentives to its customers considered to be variable consideration including volume-based rebates or early payment discounts. Customer incentives considered to be variable consideration are recorded as a reduction to revenue as part of the transaction price at contract inception when there is a basis to reasonably estimate the amount of the incentive and only to the extent that it is probable that a significant reversal of any incremental revenue will not occur. Customer incentives are allocated entirely to the single performance obligation of transferring printed product to the customer. For customers with terms of FOB shipping point, the Company accounts for shipping and handling activities performed after the control of the printed product has been transferred to the customer as a fulfillment cost. The Company accrues for the costs of shipping and handling activities if revenue is recognized before contractually agreed shipping and handling activities occur. The Company’s contracts with customers generally have a duration of one year or less. Accordingly, the Company does not disclose the value of unsatisfied performance obligations nor the timing of revenue recognition.

Accounts Receivable and Allowan

Accounts Receivable and Allowance for Doubtful Receivables	3 Months Ended
	May 31, 2018
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 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. The following table presents the activity in the Company’s allowance for doubtful receivables (in thousands): Three months ended May 31, 2018 2017 Balance at beginning of period $ 1,194 $ 1,674 Bad debt expense, net of recoveries 135 (166 ) Accounts written off (31 ) (66 ) Balance at end of period $ 1,298 $ 1,442

Inventories

Inventories	3 Months Ended
	May 31, 2018
Inventory Disclosure [Abstract]
Inventories	4. 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): May 31, February 28, 2018 2018 Raw material $ 19,264 $ 15,854 Work-in-process 3,381 3,114 Finished goods 8,326 7,512 $ 30,971 $ 26,480

Acquisitions

Acquisitions	3 Months Ended
	May 31, 2018
Business Combinations [Abstract]
Acquisitions	5. Acquisitions On April 30, 2018, the Company acquired the assets of a tag and label operation located in New York for $4.7 million in cash plus the assumption of trade payables, subject to a working capital adjustment. In addition, contingent consideration of up to $500,000 is payable to the sellers if certain sales levels are maintained over the next three years. 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 both of these acquisitions immaterial.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	May 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	6. Goodwill and 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 other intangible assets are tested for impairment at a reporting unit level. The annual impairment test of goodwill and intangible assets is performed as of November 30 of each fiscal year. The Company uses qualitative factors to determine whether it is more likely than not (likelihood of more than 50%) that the fair value of a reporting unit exceeds its carrying amount, including goodwill. Some of the qualitative factors considered in applying this test include consideration of macroeconomic conditions, industry and market conditions, cost factors affecting the business, overall financial performance of the business, and performance of the share price of the Company. If qualitative factors are not deemed sufficient to conclude that the fair value of the reporting unit more likely than not exceeds its carrying value, then a one-step approach is applied in making an evaluation. The evaluation utilizes multiple valuation methodologies, including a market approach (market price multiples of comparable companies) and an income approach (discounted cash flow analysis). The computations require management to make significant estimates and assumptions, including, among other things, selection of comparable publicly traded companies, the discount rate applied to future earnings reflecting a weighted average cost of capital, and earnings growth assumptions. A discounted cash flow analysis requires management to make various assumptions about future sales, operating margins, capital expenditures, working capital, and growth rates. If the evaluation results in the fair value of the goodwill for the reporting unit being lower than the carrying value, an impairment charge is recorded. 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 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 May 31, 2018 (in years) Amount Amortization Net Amortized intangible assets Trademarks and trade names 15.5 $ 20,558 $ 2,715 $ 17,843 Customer lists 7.9 58,973 27,136 31,837 Noncompete 4.1 275 151 124 Patent 0.2 783 782 1 Total 10.6 $ 80,589 $ 30,784 $ 49,805 As of February 28, 2018 Amortized intangible assets Trademarks and trade names 16.0 $ 19,625 $ 2,408 $ 17,217 Customer lists 8.1 58,040 26,039 32,001 Noncompete 1.1 175 140 35 Patent 0.4 783 782 1 Total 10.8 $ 78,623 $ 29,369 $ 49,254 Aggregate amortization expense for the three months ended May 31, 2018 and May 31, 2017 was $1.4 million and $1.5 million, respectively. The Company’s estimated amortization expense for the current and next four fiscal years ending in February of the stated fiscal year is as follows (in thousands): 2019 $ 5,730 2020 5,682 2021 5,612 2022 5,569 2023 4,781 Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands): Balance as of March 1, 2017 $ 70,603 Goodwill acquired — Goodwill impairment — Balance as of February 28, 2018 70,603 Goodwill acquired — Goodwill impairment — Balance as of May 31, 2018 $ 70,603

Accrued Expenses

Accrued Expenses	3 Months Ended
	May 31, 2018
Payables And Accruals [Abstract]
Accrued Expenses	7. Accrued Expenses The following table summarizes the components of accrued expenses as of the dates indicated (in thousands): May 31, February 28, 2018 2018 Employee compensation and benefits $ 14,472 $ 15,597 Taxes other than income 769 296 Accrued legal and professional fees 201 282 Accrued interest 170 143 Accrued utilities 90 148 Accrued acquisition related obligations 624 654 Accrued credit card fees 127 115 Other accrued expenses 169 168 $ 16,622 $ 17,403

Long-Term Debt

Long-Term Debt	3 Months Ended
	May 31, 2018
Debt Disclosure [Abstract]
Long-Term Debt	8. Long-Term Debt Long-term debt consisted of the following as of the dates indicated (in thousands): May 31, February 28, 2018 2018 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 3.3% (3 month LIBOR + 1.0%) at May 31, 2018 and 3.0% (3 month LIBOR + 1.0%) at February 28, 2018. 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	3 Months Ended
	May 31, 2018
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 three months ended May 31, 2018 the Company, under the program, repurchased 37,943 shares of common stock at an average price of $17.92 per share. Since the program’s inception in October 2008, there have been 1,480,179 common shares repurchased at an average price of $15.07 per share. As of May 31, 2018 there was $17.7 million available to repurchase shares of the Company’s common stock under the program.

Stock Option Plan and Stock Bas

Stock Option Plan and Stock Based Compensation	3 Months Ended
	May 31, 2018
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 May 31, 2018, the Company had one stock option plan, the 2004 Long-Term Incentive Plan of Ennis, Inc., as amended and restated as of June 30, 2011, formerly the 1998 Option and Restricted Stock Plan amended and restated as of May 14, 2008 (the “ Plan The Company recognizes compensation expense for stock options and restricted stock grants on a straight-line basis over the requisite service period. For the three months ended May 31, 2018 and May 31, 2017, the Company included compensation expense related to share-based compensation of $0.3 million and $0.3 million, respectively, in selling, general, and administrative expenses. Stock Options The Company had the following stock option activity for the three months ended May 31, 2018: 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, 2018 172,496 $ 15.95 3.2 $ 612 Granted — — Terminated — — Exercised — — Outstanding at May 31, 2018 172,496 $ 15.95 3.0 $ 405 Exercisable at May 31, 2018 172,496 $ 15.95 3.0 $ 405 (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 or exercised during the three months ended May 31, 2018 and May 31, 2017. A summary of the Company’s unvested stock options at May 31, 2018 and the changes during the three months ended May 31, 2018 are presented below: Weighted Average Number Grant Date of Options Fair Value Unvested at March 1, 2018 1,616 $ 2.24 New grants — — Vested (1,616 ) 2.24 Forfeited — — Unvested at May 31, 2018 — — Restricted Stock The Company had the following restricted stock grant activity for the three months ended May 31, 2018: Weighted Average Number of Grant Date Shares Fair Value Outstanding at March 1, 2018 152,675 $ 16.59 Granted 72,612 20.35 Terminated — — Vested (80,692 ) 16.02 Outstanding at May 31, 2018 144,595 $ 18.80 As of May 31, 2018, the total remaining unrecognized compensation cost related to unvested restricted stock granted under the Plan was approximately $2.6 million. The weighted average remaining requisite service period of the unvested restricted stock awards was 2.2 years.

Pension Plan

Pension Plan	3 Months Ended
	May 31, 2018
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 May 31, 2018 2017 Components of net periodic benefit cost Service cost $ 277 $ 271 Interest cost 568 568 Expected return on plan assets (1,027 ) (949 ) Amortization of: Unrecognized net loss 511 510 Net periodic benefit cost $ 329 $ 400 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, 2019. 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 2019. The Company contributed $3.0 million to the Pension Plan during fiscal year 2018. The Company adopted ASU No. 2017-07 “Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost”, with retrospective adoption, during the first quarter of fiscal year 2019 and records benefit service costs in cost of sales and selling, general and administrative expenses. The other components, which include interest cost, expected return on plan assets and net amortization, are recorded in other income (expense)-net within the Consolidated Statements of Operations. Previously, all pension and postretirement benefits expense (income) was recorded in cost of sales and selling, general and administrative expenses. See Note 1, Recent Accounting Pronouncements

Earnings per Share

Earnings per Share	3 Months Ended
	May 31, 2018
Earnings Per Share [Abstract]
Earnings per Share	12. Earnings per Share Basic earnings per share have been computed by dividing net earnings by the weighted average number of common shares outstanding during the applicable period. Diluted earnings per share reflect the potential dilution that could occur if stock options or other contracts to issue common shares were exercised or converted into common stock. For the three months ended May 31, 2018, all options were included in the diluted earnings per share computation because the average fair market value of the Company’s stock exceeded the exercise price of the options. Three months ended May 31, 2018 2017 Basic weighted average common shares outstanding 25,333,673 25,422,856 Effect of dilutive options 30,099 13,931 Diluted weighted average common shares outstanding 25,363,772 25,436,787 Earnings per share: Net earnings - basic $ 0.37 $ 0.31 Net earnings - diluted $ 0.36 $ 0.31 Cash dividends $ 0.200 $ 0.175

Concentrations of Risk

Concentrations of Risk	3 Months Ended
	May 31, 2018
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 May 31, 2018, cash balances included $95.2 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	3 Months Ended
	May 31, 2018
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On June 15, 2018, the Board increased the quarterly dividend on our common stock to 22.5 cents per share from 20 cents per share, which will be paid on August 3, 2018 to the shareholders of record on July 6, 2018.

Significant Accounting Polici23

Significant Accounting Policies and General Matters (Policies)	3 Months Ended
	May 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These unaudited consolidated financial statements of Ennis, Inc. and its subsidiaries (collectively referred to as the “Company,” “Registrant,” “Ennis,” or “we,” “us,” or “our”) for the period ended May 31, 2018 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, 2018, from which the accompanying consolidated balance sheet at February 28, 2018 was derived. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the interim financial information have been included and are of a normal recurring nature. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the disclosure and reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company evaluates these estimates and judgments on an ongoing basis, including those related to bad debts, inventory valuations, property, plant and equipment, intangible assets, pension plan, accrued liabilities, and income taxes. The Company bases estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances. The results of operations for any interim period are not necessarily indicative of the results of operations for a full year.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2017, the FASB issued ASU No. 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ASU 2017-07 Pension Plan 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

Accounts Receivable and Allow24

Accounts Receivable and Allowance for Doubtful Receivables (Tables)	3 Months Ended
	May 31, 2018
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 May 31, 2018 2017 Balance at beginning of period $ 1,194 $ 1,674 Bad debt expense, net of recoveries 135 (166 ) Accounts written off (31 ) (66 ) Balance at end of period $ 1,298 $ 1,442

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	May 31, 2018
Inventory Disclosure [Abstract]
Components of Inventories	The following table summarizes the components of inventories at the different stages of production as of the dates indicated (in thousands): May 31, February 28, 2018 2018 Raw material $ 19,264 $ 15,854 Work-in-process 3,381 3,114 Finished goods 8,326 7,512 $ 30,971 $ 26,480

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	May 31, 2018
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 May 31, 2018 (in years) Amount Amortization Net Amortized intangible assets Trademarks and trade names 15.5 $ 20,558 $ 2,715 $ 17,843 Customer lists 7.9 58,973 27,136 31,837 Noncompete 4.1 275 151 124 Patent 0.2 783 782 1 Total 10.6 $ 80,589 $ 30,784 $ 49,805 As of February 28, 2018 Amortized intangible assets Trademarks and trade names 16.0 $ 19,625 $ 2,408 $ 17,217 Customer lists 8.1 58,040 26,039 32,001 Noncompete 1.1 175 140 35 Patent 0.4 783 782 1 Total 10.8 $ 78,623 $ 29,369 $ 49,254
Estimated Amortization Expense	The Company’s estimated amortization expense for the current and next four fiscal years ending in February of the stated fiscal year is as follows (in thousands): 2019 $ 5,730 2020 5,682 2021 5,612 2022 5,569 2023 4,781
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, 2017 $ 70,603 Goodwill acquired — Goodwill impairment — Balance as of February 28, 2018 70,603 Goodwill acquired — Goodwill impairment — Balance as of May 31, 2018 $ 70,603

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	May 31, 2018
Payables And Accruals [Abstract]
Components of Accrued Expenses	The following table summarizes the components of accrued expenses as of the dates indicated (in thousands): May 31, February 28, 2018 2018 Employee compensation and benefits $ 14,472 $ 15,597 Taxes other than income 769 296 Accrued legal and professional fees 201 282 Accrued interest 170 143 Accrued utilities 90 148 Accrued acquisition related obligations 624 654 Accrued credit card fees 127 115 Other accrued expenses 169 168 $ 16,622 $ 17,403

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	May 31, 2018
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following as of the dates indicated (in thousands): May 31, February 28, 2018 2018 Revolving credit facility $ 30,000 $ 30,000

Stock Option Plan and Stock B29

Stock Option Plan and Stock Based Compensation (Tables)	3 Months Ended
	May 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Option Activity	The Company had the following stock option activity for the three months ended May 31, 2018: 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, 2018 172,496 $ 15.95 3.2 $ 612 Granted — — Terminated — — Exercised — — Outstanding at May 31, 2018 172,496 $ 15.95 3.0 $ 405 Exercisable at May 31, 2018 172,496 $ 15.95 3.0 $ 405 (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 Unvested Stock Options	A summary of the Company’s unvested stock options at May 31, 2018 and the changes during the three months ended May 31, 2018 are presented below: Weighted Average Number Grant Date of Options Fair Value Unvested at March 1, 2018 1,616 $ 2.24 New grants — — Vested (1,616 ) 2.24 Forfeited — — Unvested at May 31, 2018 — —
Restricted Stock Grant Activity	The Company had the following restricted stock grant activity for the three months ended May 31, 2018: Weighted Average Number of Grant Date Shares Fair Value Outstanding at March 1, 2018 152,675 $ 16.59 Granted 72,612 20.35 Terminated — — Vested (80,692 ) 16.02 Outstanding at May 31, 2018 144,595 $ 18.80

Pension Plan (Tables)

Pension Plan (Tables)	3 Months Ended
	May 31, 2018
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 May 31, 2018 2017 Components of net periodic benefit cost Service cost $ 277 $ 271 Interest cost 568 568 Expected return on plan assets (1,027 ) (949 ) Amortization of: Unrecognized net loss 511 510 Net periodic benefit cost $ 329 $ 400

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	May 31, 2018
Earnings Per Share [Abstract]
Computation for Basic and Diluted Earnings (loss) per Share	The following table sets forth the computation for basic and diluted earnings (loss) per share for the periods indicated: Three months ended May 31, 2018 2017 Basic weighted average common shares outstanding 25,333,673 25,422,856 Effect of dilutive options 30,099 13,931 Diluted weighted average common shares outstanding 25,363,772 25,436,787 Earnings per share: Net earnings - basic $ 0.37 $ 0.31 Net earnings - diluted $ 0.36 $ 0.31 Cash dividends $ 0.200 $ 0.175

Significant Accounting Polici32

Significant Accounting Policies and General Matters - Additional Information (Detail) - Accounting Standards Update 2017-07 [Member]	3 Months Ended
	May 31, 2017USD ($)
Cost of Sales [Member]
Basis Of Presentation And Significant Accounting Policies [Line Items]
New accounting pronouncement or change in accounting principle, effect of change on operating results	$ (73,000)
Selling, General and Administrative Expenses [Member]
Basis Of Presentation And Significant Accounting Policies [Line Items]
New accounting pronouncement or change in accounting principle, effect of change on operating results	(56,000)
Other Expense [Member]
Basis Of Presentation And Significant Accounting Policies [Line Items]
New accounting pronouncement or change in accounting principle, effect of change on operating results	$ 129,000

Revenue - Additional Informatio

Revenue - Additional Information (Detail)	3 Months Ended
	May 31, 2018
Disaggregation Of Revenue [Line Items]
Revenue unsatisfied performance obligation, practical expedient	true
Minimum [Member]
Disaggregation Of Revenue [Line Items]
Contract with customer, customer payment terms	30 days
Maximum [Member]
Disaggregation Of Revenue [Line Items]
Contract with customer, customer payment terms	90 days

Accounts Receivable and Allow34

Accounts Receivable and Allowance for Doubtful Receivables - Allowance for Doubtful Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2018	May 31, 2017
Receivables [Abstract]
Balance at beginning of period	$ 1,194	$ 1,674
Bad debt expense, net of recoveries	135	(166)
Accounts written off	(31)	(66)
Balance at end of period	$ 1,298	$ 1,442

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	May 31, 2018	Feb. 28, 2018
Inventory Disclosure [Abstract]
Raw material	$ 19,264	$ 15,854
Work-in-process	3,381	3,114
Finished goods	8,326	7,512
Inventories	$ 30,971	$ 26,480

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($)	Apr. 30, 2018	Jul. 07, 2017
Tag and Label Company [Member]
Business Acquisition [Line Items]
Total purchase consideration	$ 4,700,000
Contingent consideration payable, period	3 years
Tag and Label Company [Member] | Maximum [Member]
Business Acquisition [Line Items]
Contingent consideration payable	$ 500,000
Tag Company [Member]
Business Acquisition [Line Items]
Total purchase consideration		$ 1,400,000

Goodwill and Intangible Asset37

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 01, 2017	May 31, 2018	May 31, 2017	Feb. 28, 2018
Finite-Lived Intangible Assets [Line Items]
Remaining estimated useful life		10 years 7 months 6 days		10 years 9 months 18 days
Amortization of trade names, customer lists, and patent		$ 1,415	$ 1,525
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining estimated useful life		15 years 6 months		16 years
Minimum [Member] | Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining estimated useful life	17 years
Maximum [Member] | Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining estimated useful life	19 years

Goodwill and Intangible Asset38

Goodwill and Intangible Assets - Carrying Amount and Accumulated Amortization of Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 31, 2018	Feb. 28, 2018
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	10 years 7 months 6 days	10 years 9 months 18 days
Gross Carrying Amount	$ 80,589	$ 78,623
Accumulated Amortization	30,784	29,369
Amortized intangible assets, Net	$ 49,805	$ 49,254
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	15 years 6 months	16 years
Gross Carrying Amount	$ 20,558	$ 19,625
Accumulated Amortization	2,715	2,408
Amortized intangible assets, Net	$ 17,843	$ 17,217
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	7 years 10 months 24 days	8 years 1 month 6 days
Gross Carrying Amount	$ 58,973	$ 58,040
Accumulated Amortization	27,136	26,039
Amortized intangible assets, Net	$ 31,837	$ 32,001
Noncompete [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	4 years 1 month 6 days	1 year 1 month 6 days
Gross Carrying Amount	$ 275	$ 175
Accumulated Amortization	151	140
Amortized intangible assets, Net	$ 124	$ 35
Patent [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (in years)	2 months 12 days	4 months 24 days
Gross Carrying Amount	$ 783	$ 783
Accumulated Amortization	782	782
Amortized intangible assets, Net	$ 1	$ 1

Goodwill and Intangible Asset39

Goodwill and Intangible Assets - Estimated Amortization Expense (Detail) $ in Thousands	May 31, 2018USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2,019	$ 5,730
2,020	5,682
2,021	5,612
2,022	5,569
2,023	$ 4,781

Goodwill and Intangible Asset40

Goodwill and Intangible Assets - Changes in Net Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 31, 2018	Feb. 28, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill, Beginning balance	$ 70,603	$ 70,603
Goodwill impairment	0	0
Goodwill, Ending balance	$ 70,603	$ 70,603

Accrued Expenses - Components o

Accrued Expenses - Components of Accrued Expenses (Detail) - USD ($) $ in Thousands	May 31, 2018	Feb. 28, 2018
Payables And Accruals [Abstract]
Employee compensation and benefits	$ 14,472	$ 15,597
Taxes other than income	769	296
Accrued legal and professional fees	201	282
Accrued interest	170	143
Accrued utilities	90	148
Accrued acquisition related obligations	624	654
Accrued credit card fees	127	115
Other accrued expenses	169	168
Accrued expenses, Total	$ 16,622	$ 17,403

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	May 31, 2018	Feb. 28, 2018
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)	3 Months Ended	12 Months Ended
	May 31, 2018USD ($)	Feb. 28, 2018
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 3.3% (3 month LIBOR + 1.0%) at May 31, 2018 and 3.0% (3 month LIBOR + 1.0%) at February 28, 2018.
Revolving credit facility, variable basis spread	1.00%	1.00%
Revolving credit facility, interest rate	3.30%	3.00%
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)	May 31, 2018USD ($)	May 31, 2018USD ($)$ / sharesshares	May 31, 2018USD ($)$ / sharesshares
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		37,943	1,480,179
Repurchase of common stock, average cost per share | $ / shares		$ 17.92	$ 15.07
Total amount available to repurchase of shares	$ 17,700,000

Stock Option Plan and Stock B45

Stock Option Plan and Stock Based Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	May 31, 2018	May 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unissued common stock reserved	456,796
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
Number of stock options exercised	0	0
Remaining unrecognized compensation cost related to unvested restricted stock	$ 2.6
Weighted average remaining requisite service period of the unvested restricted stock awards	2 years 2 months 12 days
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense related share based compensation before tax	$ 0.3	$ 0.3

Stock Option Plan and Stock B46

Stock Option Plan and Stock Based Compensation - Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	May 31, 2018	May 31, 2017	Feb. 28, 2018
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	0
Number of Shares, Options Outstanding, Ending Balance	172,496		172,496
Number of Shares, Exercisable	172,496
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	$ 15.95
Weighted Average Remaining Contractual Life (in years)	3 years		3 years 2 months 12 days
Weighted Average Remaining Contractual Life, Exercisable	3 years
Aggregate Intrinsic Value	$ 405		$ 612
Aggregate Intrinsic Value, Exercisable	$ 405

Stock Option Plan and Stock B47

Stock Option Plan and Stock Based Compensation - Summary of Unvested Stock Options (Detail) - $ / shares	3 Months Ended
	May 31, 2018	May 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Unvested Beginning Balance, Number of Options	1,616
New grants, Number of Options	0	0
Vested, Number of Options	(1,616)
Forfeited, Number of Options	0
Unvested Ending Balance, Number of Options	0
Unvested Beginning Balance, Weighted Average Grant Date Fair Value	$ 2.24
New grants, Weighted Average Grant Date Fair Value	0
Vested, Weighted Average Grant Date Fair Value	2.24
Forfeited, Weighted Average Grant Date Fair Value	0
Unvested Ending Balance, Weighted Average Grant Date Fair Value	$ 0

Stock Option Plan and Stock B48

Stock Option Plan and Stock Based Compensation - Restricted Stock Grant Activity (Detail) - Restricted Stock [Member]	3 Months Ended
	May 31, 2018$ / sharesshares
Restricted stock grant activity
Outstanding at Beginning, Number of Shares | shares	152,675
Number of Shares, Granted | shares	72,612
Number of Shares, Terminated | shares	0
Number of Shares, Vested | shares	(80,692)
Outstanding at Ending, Number of Shares | shares	144,595
Outstanding at Beginning, Weighted Average Grant Date Fair value | $ / shares	$ 16.59
Weighted Average Grant Date Fair Value, Granted | $ / shares	20.35
Weighted Average Grant Date Fair Value, Terminated | $ / shares	0
Weighted Average Grant Date Fair Value, Vested | $ / shares	16.02
Outstanding at Ending, Weighted Average Grant Date Fair value | $ / shares	$ 18.80

Pension Plan - Additional Infor

Pension Plan - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	May 31, 2018	Feb. 28, 2019	Feb. 28, 2018
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
Cash contribution to the pension plan			$ 3,000,000
Scenario Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Minimum required contribution to the plan is approximately		$ 0
Scenario Forecast [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Cash contribution to the pension plan		2,000,000
Scenario Forecast [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Cash contribution to the pension plan		$ 3,000,000

Pension Plan - Summary of Pensi

Pension Plan - Summary of Pension Expense Composed of Components Included in Cost of Goods Sold and Selling, General and Administrative Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2018	May 31, 2017
Components of net periodic benefit cost
Service cost	$ 277	$ 271
Interest cost	568	568
Expected return on plan assets	(1,027)	(949)
Amortization of:
Unrecognized net loss	511	510
Net periodic benefit cost	$ 329	$ 400

Earnings per Share - Additional

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

Earnings per Share - Computatio

Earnings per Share - Computation for Basic and Diluted Earnings (loss) per Share (Detail) - $ / shares	3 Months Ended
	May 31, 2018	May 31, 2017
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	25,333,673	25,422,856
Effect of dilutive options	30,099	13,931
Diluted weighted average common shares outstanding	25,363,772	25,436,787
Earnings per share
Net earnings - basic	$ 0.37	$ 0.31
Net earnings - diluted	0.36	0.31
Cash dividends	$ 0.200	$ 0.175

Concentrations of Risk - Additi

Concentrations of Risk - Additional Information (Detail)	May 31, 2018USD ($)
Risks And Uncertainties [Abstract]
Maximum insurance available to depositors under the FDIC's general deposit insurance rules	$ 250,000
Cash balances not federally insured	$ 95,200,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - $ / shares	Jun. 15, 2018	Mar. 26, 2018
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend payable date	Aug. 3, 2018
Dividend payable, date of record	Jul. 6, 2018
Common Stock [Member]
Subsequent Event [Line Items]
Dividend payable per share		$ 0.20
Common Stock [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend payable per share	$ 0.225