Acquisitions (Tables)

9 Months Ended

Nov. 30, 2017

Business Combinations [Abstract]

Summary of Final Purchase Price Allocation

The following is a summary of the final 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, 2016, 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		Nine months ended
	November 30, 2016		November 30, 2016
Pro forma net sales	$	97,803	$	297,745
Pro forma net earnings		5,990		19,957
Pro forma earnings per share - diluted		0.23		0.77