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Segment Information and Geographic Information
 12 Months Ended
Feb. 28, 2015
Segment Reporting [Abstract]  
Segment Information and Geographic Information

(13) Segment Information and Geographic Information

The Company operates in two segments – the Print Segment and the Apparel Segment.

The Print Segment, which represented 66% of the Company’s consolidated net sales for fiscal year 2015, is in the business of manufacturing, designing, and selling business forms and other printed business products primarily to distributors located in the United States. The Print Segment operates 58 manufacturing plants throughout the United States in 22 strategically located states. Approximately 96% of the business products manufactured by the Print Segment are custom and semi-custom products, constructed in a wide variety of sizes, colors, number of parts and quantities on an individual job basis depending upon the customers’ specifications.

The products sold include snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls and pressure sensitive products in short, medium and long runs under the following labels: Ennis®, Royal Business Forms®, Block Graphics®, Specialized Printed Forms®, 360º Custom LabelsSM, ColorWorx®, Enfusion®, Uncompromised Check Solutions®, VersaSeal®, Witt Printing®, B&D Litho®, Genforms®, PrintGraphicsSM, Calibrated Forms®, PrintXcel™, Printegra®, Curtis Business FormsSM, Falcon Business FormsSM, Forms ManufacturersSM, Mutual GraphicsSM and TRI-C Business FormsSM. The Print Segment also sells the Adams-McClure® brand (which provides Point of Purchase advertising for large franchise and fast food chains as well as kitting and fulfillment); the Admore® and Folder Express® brands (which provide presentation folders and document folders); Ennis Tag & LabelSM (which provides tags and labels, promotional products and advertising concept products); Atlas Tag & Label®, Kay Toledo TagSM, Special Service PartnersSM (SSP) (which provides tags and labels); Trade Envelopes® and Block Graphics®, Wisco® and National Imprint Corporation® (which provide custom and imprinted envelopes) and Northstar® and General Financial Supply® (which provide financial and security documents).

The Print Segment sells predominantly through private printers and independent distributors. Northstar also sells direct to a small number of customers. Northstar has continued its focus with large banking organizations on a direct basis (where a distributor is not acceptable or available to the end-user) and has acquired several of the top 25 banks in the United States as customers and is actively working on other large banks within the top 25 tier of banks in the United States. Adams-McClure sales are generally provided through advertising agencies. Assets in this segment increased in 2015 primarily as a result of the Company’s acquisition of Sovereign Business Forms and Kay Toledo.

The Apparel Segment, which accounted for 34% of the Company’s fiscal year 2015 consolidated net sales, consists of Alstyle Apparel. This group is primarily engaged in the production and sale of activewear including t-shirts, fleece goods, and other wearables. Alstyle sales are seasonal, with sales in the first and second quarters generally being the highest. Substantially all of the Apparel Segment sales are to customers in the United States.

Corporate information is included to reconcile segment data to the consolidated financial statements and includes assets and expenses related to the Company’s corporate headquarters and other administrative costs.

Segment data for the fiscal years ended 2015, 2014 and 2013 were as follows (in thousands):

 

     Print
Segment		      Apparel
Segment		      Corporate      Consolidated
Totals		  

Fiscal year ended February 28, 2015:

            

Net sales

    $ 380,379       $ 199,861       $ —         $ 580,240   

Depreciation

      6,510         3,727         268         10,505   

Amortization of identifiable intangibles

      4,312         1,467         —           5,779   

Impairment of goodwill and trademarks

      —           93,324         —           93,324   

Segment earnings (loss) before income tax

      66,374         (89,632 )       (15,875 )       (39,133 ) 

Segment assets

      248,916         183,778         20,568         453,262   

Capital expenditures

      1,977         460         42         2,479   

Fiscal year ended February 28, 2014:

            

Net sales

    $ 339,947       $ 202,495       $ —         $ 542,442   

Depreciation

      5,804         3,845         205         9,854   

Amortization of identifiable intangibles

      2,749         1,467         —           4,216   

Impairment of goodwill and trademarks

      —           24,226         —           24,226   

Segment earnings (loss) before income tax

      57,390         (9,467 )       (16,131 )       31,792   

Segment assets

      221,937         302,020         12,390         536,347   

Capital expenditures

      2,746         1,228         672         4,646   

Fiscal year ended February 28, 2013:

            

Net sales

    $ 334,701       $ 198,805       $ —         $ 533,506   

Depreciation

      5,895         3,815         247         9,957   

Amortization of identifiable intangibles

      1,811         1,467         —           3,278   

Segment earnings (loss) before income tax

      54,224         247         (15,853 )       38,618   

Segment assets

      167,329         313,790         14,173         495,292   

Capital expenditures

      2,513         12         35         2,560   

 

Identifiable long-lived assets by country include property, plant, and equipment, net of accumulated depreciation. The Company attributes revenues from external customers to individual geographic areas based on the country where the sale originated. Information about the Company’s operations in different geographic areas as of and for the fiscal years ended is as follows (in thousands):

 

     United States      Canada      Mexico      Total  

2015

            

Net sales to unaffiliated customers

            

Print Segment

    $ 380,379       $ —         $ —         $ 380,379   

Apparel Segment

      180,988         17,503         1,370         199,861   
  

 

 

     

 

 

     

 

 

     

 

 

  
$ 561,367    $ 17,503    $ 1,370    $ 580,240   
  

 

 

     

 

 

     

 

 

     

 

 

  

Identifiable long-lived assets

Print Segment

 $ 51,625    $ —      $ —      $ 51,625   

Apparel Segment

   93      54      37,556      37,703   

Corporate

   3,547      —        —        3,547   
  

 

 

     

 

 

     

 

 

     

 

 

  
$ 55,265    $ 54    $ 37,556    $ 92,875   
  

 

 

     

 

 

     

 

 

     

 

 

  

2014

Net sales to unaffiliated customers

Print Segment

 $ 339,947    $ —      $ —      $ 339,947   

Apparel Segment

   183,335      18,694      466      202,495   
  

 

 

     

 

 

     

 

 

     

 

 

  
$ 523,282    $ 18,694    $ 466    $ 542,442   
  

 

 

     

 

 

     

 

 

     

 

 

  

Identifiable long-lived assets

Print Segment

 $ 43,849    $ —      $ —      $ 43,849   

Apparel Segment

   147      40      43,757      43,944   

Corporate

   3,772      —        —        3,772   
  

 

 

     

 

 

     

 

 

     

 

 

  
$ 47,768    $ 40    $ 43,757    $ 91,565   
  

 

 

     

 

 

     

 

 

     

 

 

  

2013

Net sales to unaffiliated customers

Print Segment

 $ 334,701    $ —      $ —      $ 334,701   

Apparel Segment

   180,215      17,806      784      198,805   
  

 

 

     

 

 

     

 

 

     

 

 

  
$ 514,916    $ 17,806    $ 784    $ 533,506   
  

 

 

     

 

 

     

 

 

     

 

 

  

Identifiable long-lived assets

Print Segment

 $ 41,106    $ —      $ —      $ 41,106   

Apparel Segment

   240      26      47,237      47,503   

Corporate

   3,304      —        —        3,304   
  

 

 

     

 

 

     

 

 

     

 

 

  
$ 44,650    $ 26    $ 47,237    $ 91,913