Acquisitions (Tables)

6 Months Ended

Aug. 31, 2014

Summary of Preliminary Purchase Price Allocations

The following is a summary of the preliminary purchase price allocations for Sovereign Business Forms (in thousands):


Accounts receivable	$	2,477
Inventories		1,305
Other assets		653
Property, plant & equipment		3,300
Customer lists		1,550
Trade names		1,403
Goodwill		945
Accounts payable and accrued liabilities		(1,133	)

	$	10,500

The following is a summary of the purchase price allocations for Wisco and NIC (in thousands):


Accounts receivable	$	3,331
Inventories		2,391
Other assets		581
Property, plant & equipment		4,889
Customer lists		26,400
Trade names		3,600
Goodwill		9,462
Accounts payable and accrued liabilities		(3,404	)

	$	47,250

The following is a summary of the purchase price allocations for Folder Express (in thousands):


Accounts receivable	$	1,171
Inventories		2,102
Other assets		196
Property, plant & equipment		1,617
Customer lists		5,920
Trade name		1,520
Goodwill		2,574
Accounts payable and accrued liabilities		(493	)

	$	14,607

Summary of Operating Information on a Pro Forma Basis

The following table represents certain operating information on a pro forma basis as though all operations had been acquired as of March 1, 2012, 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,				August 31,
	2014		2013		2014		2013
Pro forma net sales	$	152,607	$	157,696	$	300,370	$	318,570
Pro forma net earnings		9,828		11,319		18,179		21,343
Pro forma earnings per share - diluted		0.38		0.43		0.70		0.82