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Subsequent Events
12 Months Ended
Feb. 28, 2025
Subsequent Events [Abstract]  
Subsequent Events

(20) Subsequent Event

 

On April 11, 2025 the Company acquired the assets of Northeastern Envelope Company ("NEC") for $35.0 million in cash. The acquisition strengthens the Company's envelope converting, printing capabilities, and expands its customer base. The Company did not incur significant acquisition costs in connection with this acquisition. The acquisition qualifies as a business combination and will be accounted for using the acquisition method of accounting. The Company expects to report NEC in our single reportable segment, Print.

As a result of limited access to NEC information required to prepare initial accounting, together with the limited time since the acquisition date and the effort required to conform the financial statements to the Company’s practices and policies, the initial accounting for the business combination is incomplete at the time of this filing. As a result, the Company is unable to provide the amounts recognized as of the Acquisition date for the major classes of assets acquired and liabilities assumed, pre-acquisition contingencies and any potential residual goodwill. Also, the Company is unable to provide pro forma revenues and earnings of the combined entity. This information will be included in the Company’s Quarterly Report on Form 10-Q for the quarter ended May 31, 2025.