XML 24 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions
3 Months Ended
May 31, 2018
Business Combinations [Abstract]  
Acquisitions

5. Acquisitions

 

On April 30, 2018, the Company acquired the assets of a tag and label operation located in New York for $4.7 million in cash plus the assumption of trade payables, subject to a working capital adjustment.  In addition, contingent consideration of up to $500,000 is payable to the sellers if certain sales levels are maintained over the next three years.  On July 7, 2017, the Company acquired the assets of a tag operation located in Ohio for $1.4 million in cash plus the assumption of certain accrued liabilities.  Management considers both of these acquisitions immaterial.