Segment Reporting

12 Months Ended

Feb. 28, 2025

Segment Reporting [Abstract]

Segment Reporting

(19) Segment Reporting

The Company’s CODM is its Chairman, President, and Chief Executive Office. The CODM evaluates performance and allocates resources on a consolidated basis using consolidated net income, earnings releases, investor presentations, and the Company’s SEC filings, as well as through the approval of the Company’s annual budget and forecast.

The single operating segment is also our single reportable segment called “Print” and derives its operating revenues from the manufacturing of mostly custom or semi-custom printed products sold mostly to independent distributors in the United States. Independent distributors are responsible for selling the printed product to the end consumer. The single reportable segment derives its revenues by manufacturing print products at homogeneous printing plants dispersed throughout the United States.

The accounting policies of this single reportable segment are the same as those described in the summary of significant accounting policies to the consolidated financial statements.

The CODM assesses the performance of this reportable segment using the entity-wide revenue and expense information reported on the Statement of Operations and the more detailed expense categories disclosed in the table below. The primary measure of segment profit (loss) is consolidated net income (loss) as reported on the Statement of Operations. In addition, segment assets reviewed by the CODM are reported on the Company’s Consolidated Balance Sheets as total assets.

(Dollars in thousands)	2025			2024			2023
Segment operating net sales	$	394,618		$	420,109		$	431,837
Segment operating expenses
Product purchases		126,993			139,131			139,945
Compensation expense		83,082			85,975			86,683
Product supplies		24,623			26,439			28,583
Manufacturing depreciation		8,275			9,189			9,580
Other product cost (1)		34,351			34,033			35,996
Segment cost of goods sold		277,324			294,767			300,787
Segment SG&A expenses
Compensation expense		43,731			44,261			46,766
Depreciation expense		568			674			600
Amortization expense		7,726			7,649			7,176
Other expense (2)		13,353			16,246			16,251
Segment SG&A expenses		65,378			68,830			70,793
Other segment items
(Gain) loss sale of asset		(58	)		53			(5,896	)
Interest (income) expense		(4,872	)		(3,973	)		(771	)
Other expense		1,392			1,308			1,994
Provision for income tax		15,232			16,526			17,630
Consolidated net earnings	$	40,222		$	42,597		$	47,300

(1) Other product cost includes manufacturing overhead and freight expenses.

(2) SG&A other expenses include utility services, bank fee and professional services not included in the manufacturing process.