Acquisitions (Tables)

3 Months Ended

May 31, 2021

Business Acquisition [Line Items]

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 Infoseal operations had been acquired as of March 1, 2020, 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
	May 31, 2020
Pro forma net sales	$	93,792
Pro forma net earnings		4,337
Pro forma earnings per share - diluted	$	0.17

Infoseal LLC [Member]

Business Acquisition [Line Items]

Summary of Purchase Price Allocation

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

Accounts receivable	$	1,966
Inventories		1,257
Right-of-use asset		3,865
Property, plant & equipment		7,000
Goodwill and intangibles		10,390
Accounts payable and accrued liabilities		(1,411	)
Operating lease liability		(3,865	)
	$	19,202