Acquisitions (Tables)

3 Months Ended

May 31, 2019

Business Acquisition [Line Items]

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 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, 2018, 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
	May 31,
	2019		2018
Pro forma net sales	$	108,033	$	107,321
Pro forma net earnings		9,632		9,810
Pro forma earnings per share - diluted		0.37		0.39

Wright Business Graphics, Inc [Member]

Business Acquisition [Line Items]

Summary of 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
Non-compete		447
Customer lists		12,900
Trade names		3,830
Goodwill		11,031
Accounts payable and accrued liabilities		(4,226	)
Deferred income taxes		(5,542	)
	$	38,871