Acquisitions (Tables)

6 Months Ended

Aug. 31, 2018

The purchase price of Wright was as follows (in thousands):

Ennis common stock issued 829,126 shares	$	16,218
Cash		22,299
Purchase price of Wright Business Graphics	$	38,517

Summary of Preliminary Purchase Price Allocation

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

Accounts receivable	$	5,190
Prepaid Expenses		427
Inventories		4,365
Other assets		88
Property, plant & equipment		10,379
Noncompete		447
Customer lists		12,900
Trade names		3,830
Goodwill		10,341
Accounts payable and accrued liabilities		(4,166	)
Deferred income taxes		(5,284	)
	$	38,517

Summary of Operating Information on a Pro Forma Basis

The following table represents certain operating information on a pro forma basis as though all Wright operations had been acquired as of March 1, 2017, after the estimated impact of adjustments such as amortization of intangible assets, interest expense and related tax effects (in thousands, except per share amounts).

	Three months ended		Three months ended		Six months ended		Six months ended
	August 31, 2018		August 31, 2017		August 31, 2018		August 31, 2017
Pro forma net sales	$	107,807	$	108,945	$	215,129	$	218,364
Pro forma net earnings		10,135		9,124		20,144		18,743
Pro forma earnings per share - diluted		0.39		0.36		0.79		0.74