Acquisitions (Tables)

9 Months Ended

Nov. 30, 2018

Business Combinations [Abstract]

Summary of Purchase Price

The purchase price of Wright was as follows (in thousands):

Ennis shares of common stock	$	16,218
Cash		22,653
Purchase price of Wright Business Graphics	$	38,871

Summary of Preliminary Purchase Price Allocation

The following is a summary of the preliminary purchase price allocation for Wright (in thousands):

Accounts receivable	$	5,220
Prepaid expenses		427
Inventories		4,365
Other assets		88
Property, plant & equipment		10,331
Noncompete		447
Customer lists		12,900
Trade names		3,830
Goodwill		10,773
Accounts payable and accrued liabilities		(4,226	)
Deferred income taxes		(5,284	)
	$	38,871

Summary of Operating Information on a Pro Forma Basis

The following table represents certain operating information on a pro forma basis as though all Wright operations had been acquired as of March 1, 2017, after the estimated impact of adjustments such as amortization of intangible assets, interest expense and related tax effects (in thousands, except per share amounts).

	Three months ended				Nine months ended
	November 30,				November 30,
	2018		2017		2018		2017
Pro forma net sales	$	108,070	$	107,664	$	323,199	$	326,028
Pro forma net earnings		10,419		8,658		30,230		27,002
Pro forma earnings per share - diluted		0.40		0.34		1.17		1.06