Segment Reporting

3 Months Ended

May 31, 2025

Segment Reporting [Abstract]

Segment Reporting

19. Segment Reporting

The Company’s Chief Operating Decision Maker ("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 the Company's 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 the Company's 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 condensed 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 Condensed Consolidated Statement of Operations. In addition, segment assets reviewed by the CODM are reported on the Company’s Condensed Consolidated Balance Sheets as total assets.

	Three months ended May 31,
(Dollars in thousands)	2025			2024
Segment operating net sales	$	97,197		$	103,108
Segment operating expenses
Product purchases		30,218			32,426
Compensation expense		21,603			21,737
Product supplies		6,106			6,529
Manufacturing depreciation		2,110			2,157
Other product cost (1)		6,930			9,355
Segment cost of goods sold		66,967			72,204
Segment SG&A expenses
Compensation expense		11,585			11,369
Depreciation expense		130			157
Amortization expense		1,944			1,930
Other expense (2)		3,288			3,714
Segment SG&A expenses		16,947			17,170
Other segment items
(Gain) loss sale of asset		-			4
Interest (income) expense		(550	)		(1,359	)
Other expense		318			348
Provision for income tax		3,716			4,054
Consolidated net earnings	$	9,799		$	10,687

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

(2) SG&A, other expense includes professional services and utility services not included in the manufacturing process.