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Acquisitions (Tables)
12 Months Ended
Feb. 28, 2018
Business Combinations [Abstract]  
Purchase Price Allocation Of Business Combination

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

 

Accounts receivable

 

$

4,252

 

Inventories

 

 

1,539

 

Other assets

 

 

575

 

Property, plant & equipment

 

 

5,526

 

Customer lists

 

 

3,390

 

Trademarks

 

 

2,408

 

Goodwill

 

 

6,066

 

Accounts payable and accrued liabilities

 

 

(6,079

)

 

 

$

17,677

 

 

Summary of Operating Information on a Pro Forma Basis

The following table represents certain operating information on a pro forma basis as though all Independent operations had been acquired as of March 1, 2016, after the estimated impact of adjustments such as amortization of intangible assets, interest expense, interest income, and related tax effects (in thousands, except per share amount):

 

 

 

Unaudited

 

 

 

2017

 

Pro forma net sales

 

$

390,169

 

Pro forma net earnings

 

 

27,249

 

Pro forma earnings per share from continuing operations - diluted

 

 

1.06