Quarterly Consolidated Financial Information (Unaudited)

12 Months Ended

Feb. 29, 2012

Quarterly Consolidated Financial Information [Abstract]

Quarterly Consolidated Financial Information (Unaudited)

(18) Quarterly Consolidated Financial Information (Unaudited)

The following table represents the unaudited quarterly financial data of the Company for fiscal years ended 2012 and 2011 (in thousands, except per share amounts and quarter over quarter comparison):

For the Three Months Ended	May 31		August 31		November 30		February 29
Fiscal year ended 2012:
Net sales	$	143,258	$	130,384	$	121,846	$	121,526
Gross profit margin		39,701		34,094		30,183		26,535
Net earnings		11,424		9,712		6,892		3,330
Dividends paid		4,020		4,038		4,035		4,039
Per share of common stock:
Basic net earnings	$	0.44	$	0.37	$	0.27	$	0.13
Diluted net earnings	$	0.44	$	0.37	$	0.27	$	0.13
Dividends	$	0.155	$	0.155	$	0.155	$	0.155
Fiscal year ended 2011:
Net sales	$	140,741	$	143,034	$	134,817	$	131,407
Gross profit margin		42,180		39,708		36,519		36,091
Net earnings		13,040		12,129		9,643		9,819
Dividends paid		4,006		4,017		4,017		4,017
Per share of common stock:
Basic net earnings	$	0.51	$	0.47	$	0.37	$	0.38
Diluted net earnings	$	0.50	$	0.47	$	0.37	$	0.38
Dividends	$	0.155	$	0.155	$	0.155	$	0.155

Current Quarter Compared to Same Quarter Last Year

In each quarters for fiscal year ended February 29, 2012, the Company’s net sales and gross profit margin (“margin”) decreased in comparison to the previous quarter, primarily as a result of the Apparel segment operations. The primary reason for the decrease in Apparel sales throughout the period was as a result of softness in the market and continued pricing pressures. The primary reason for the decrease in Apparel margins throughout the period was due to higher input costs, primarily cotton.