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Subsequent Events
9 Months Ended
Nov. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

17. Subsequent Events

On December 17, 2020, the Board declared a quarterly dividend on the Company’s common stock of 22.5 cents per share, which will be paid on February 4, 2021 to shareholders of record as of January 7, 2021.  The expected payout for this dividend is approximately $5.9 million.

On December 29, 2020, the Company issued a press release announcing that one of its wholly-owned subsidiaries entered into a Letter of Intent to acquire the assets of Infoseal LLC in Roanoke, Virginia, with a closing expected effective close of business December 31, 2020.  The contemplated transaction was in fact signed and closed as of December 31, 2020.