Acquisitions (Tables)

9 Months Ended

Nov. 30, 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 sets forth certain operating information on a pro forma basis as though all Wright, Integrated and Flesh operations had been acquired as of March 1, 2018, after the estimated impact of adjustments such as amortization of intangible assets, depreciation expense and interest expense and related tax effects (in thousands, except per share amounts).

	Three months ended				Nine months ended
	November 30,				November 30,
	2019		2018		2019		2018
Pro forma net sales	$	114,860	$	120,543	$	343,138	$	361,140
Pro forma net earnings		10,553		10,390		28,805		30,391
Pro forma earnings per share - diluted		0.41		0.40		1.11		1.18

The Flesh Company (Flesh) [Member]

Business Acquisition [Line Items]

Summary of Purchase Price Allocation

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

Accounts receivable	$	2,480
Inventories		1,343
Other assets		152
Right-of-use asset		715
Property, plant & equipment		7,065
Customer lists		434
Trademarks		1,000
Non-compete		20
Goodwill		456
Accounts payable and accrued liabilities		(2,377	)
Operating lease liability		(700	)
Deferred income taxes		(714	)
	$	9,874

Integrated Print & Graphics (Integrated) [Member]

Business Acquisition [Line Items]

Summary of Purchase Price Allocation

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

Accounts receivable	$	1,971
Inventories		1,322
Other assets		72
Property, plant & equipment		3,828
Right-of-use asset		2,041
Customer lists		896
Trademarks		896
Non-compete		25
Goodwill		893
Accounts payable and accrued liabilities		(1,044	)
Operating lease liability		(2,041	)
	$	8,859

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