Acquisitions (Tables)

3 Months Ended

May 31, 2023

Business Acquisition [Line Items]

Summary of Operating Information on a Pro Forma Basis

The following pro forma information includes the estimated impact of adjustments such as amortization of intangible assets, depreciation expense and interest expense and related tax effects (in thousands, except per share amounts).

	Three months ended
	May 31, 2023	May 31, 2022
Pro forma net sales	$113,007	$121,685
Pro forma net earnings	$11,682	12,622
Pro forma earnings per share - diluted	$0.45	$0.49

Acquisition of Stylecraft Printing [Member]

Business Acquisition [Line Items]

Summary of Purchase Price Allocation

The following table summarizes the Company's preliminary purchase price allocation for Stylecraft as of the acquisition date (in thousands):

Accounts receivable	$554
Inventories	849
Right-of-use asset	28
Property, plant and equipment	3,161
Goodwill and intangibles	476
Operating lease liability	(12)
Accounts payable and accrued liabilities	(28)
Acquisition price	$5,028

School Photo Marketing [Member]

Business Acquisition [Line Items]

Summary of Purchase Price Allocation

The following table summarizes the Company's preliminary purchase price allocation for SPM as of the acquisition date (in thousands):

Accounts receivable	$1,403
Inventories	516
Other assets	84
Right-of-use asset	487
Property, plant and equipment	250
Goodwill and intangibles	8,262
Operating lease liability	(487)
Accounts payable and accrued liabilities	(1,748)
Acquisition price	$8,767