XML 45 R30.htm IDEA: XBRL DOCUMENT

Acquisitions (Tables)

12 Months Ended

Feb. 28, 2017

Summary of Preliminary Purchase Price Allocations

The following is a summary of the preliminary purchase price allocation 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, 2015, 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):


	Unaudited 2017		Unaudited 2016
Pro forma net sales	$	390,169	$	421,231
Pro forma net earnings		27,064		33,065
Pro forma earnings per share—diluted		1.05		1.29