Related Party Transactions

9 Months Ended

Nov. 30, 2021

Related Party Transactions [Abstract]

Related Party Transactions

15. Related Party Transactions

The Company leases a facility and sells product to an entity controlled by a member of the Board who was the former owner of Integrated Print & Graphics, a business that the Company acquired. The total right-of-use asset and related lease liability as of November 30, 2021 was $1.2 million and $1.2 million, respectively. During the nine months ended November 30, 2021, total lease payments made to, and sales made to, the related party were approximately $0.3 million and $2.3 million, respectively.

On October 15, 2021, the Company acquired the assets of a digital operation located in Illinois from an entity controlled by a member of the Board for $0.4 million in cash plus the assumption of certain accrued liabilities.