XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Segment Information and Geographic Information | 9 Months Ended
--- | ---
Nov. 30, 2015
Segment Reporting [Abstract] |
Segment Information and Geographic Information | 12. Segment Information and Geographic Information The Company operates in two segments–the Print Segment and the Apparel Segment. The Print Segment, which represented 70% and 67% of the Company’s consolidated net sales for the three and nine months ended November 30, 2015, respectively, 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 21 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®, PrintXcelSM, Printegra®, Curtis Business FormsSM, Falcon Business FormsSM, Forms ManufacturersSM, Mutual GraphicsSM, TRI-C Business FormsSM and Hoosier Data Forms®. 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 custom printed high performance labels and custom and stock tags); Atlas Tag & Label®, Kay Toledo TagSM and Special Service PartnersSM (SSP) (which provides custom and stock tags and labels); Trade Envelopes®, 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. 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, Kay Toledo Tag and SSP. The Apparel Segment, which represented for 30% and 33% of the Company’s consolidated net sales for the three and nine months ended November 30, 2015, respectively, 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 three and nine months ended November 30, 2015 and November 30, 2014 were as follows (in thousands):
|  | Print Segment |  |  | Apparel Segment |  |  | Corporate |  |  | Consolidated Totals |
Three months ended November 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 97,516 |  |  | $ | 41,935 |  |  | $ | — |  |  | $ | 139,451 |
Depreciation |  |  | 1,915 |  |  |  | 876 |  |  |  | 67 |  |  |  | 2,858 |
Amortization of identifiable intangibles |  |  | 1,149 |  |  |  | 367 |  |  |  | — |  |  |  | 1,516 |
Segment earnings (loss) before income tax |  |  | 17,311 |  |  |  | 4,195 |  |  |  | (4,563 | ) |  |  | 16,943 |
Segment assets |  |  | 236,423 |  |  |  | 151,489 |  |  |  | 19,143 |  |  |  | 407,055 |
Capital expenditures |  |  | 1,749 |  |  |  | 348 |  |  |  | 23 |  |  |  | 2,120 |
Three months ended November 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 97,652 |  |  | $ | 49,319 |  |  | $ | — |  |  | $ | 146,971 |
Depreciation |  |  | 1,599 |  |  |  | 928 |  |  |  | 67 |  |  |  | 2,594 |
Amortization of identifiable intangibles |  |  | 1,046 |  |  |  | 367 |  |  |  | — |  |  |  | 1,413 |
Impairment of goodwill and trademarks |  |  | — |  |  |  | 93,324 |  |  |  | — |  |  |  | 93,324 |
Segment earnings (loss) before income tax |  |  | 17,100 |  |  |  | (93,218 | ) |  |  | (4,617 | ) |  |  | (80,735 | )
Segment assets |  |  | 229,111 |  |  |  | 196,467 |  |  |  | 19,139 |  |  |  | 444,717 |
Capital expenditures |  |  | 615 |  |  |  | 63 |  |  |  | 19 |  |  |  | 697 |
Nine months ended November 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 294,740 |  |  | $ | 146,048 |  |  | $ | — |  |  | $ | 440,788 |
Depreciation |  |  | 5,579 |  |  |  | 2,672 |  |  |  | 201 |  |  |  | 8,452 |
Amortization of identifiable intangibles |  |  | 3,406 |  |  |  | 1,100 |  |  |  | — |  |  |  | 4,506 |
Segment earnings (loss) before income tax |  |  | 52,901 |  |  |  | 9,321 |  |  |  | (13,189 | ) |  |  | 49,033 |
Segment assets |  |  | 236,423 |  |  |  | 151,489 |  |  |  | 19,143 |  |  |  | 407,055 |
Capital expenditures |  |  | 4,090 |  |  |  | 510 |  |  |  | 40 |  |  |  | 4,640 |
Nine months ended November 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 283,917 |  |  | $ | 156,081 |  |  | $ | — |  |  | $ | 439,998 |
Depreciation |  |  | 4,790 |  |  |  | 2,824 |  |  |  | 201 |  |  |  | 7,815 |
Amortization of identifiable intangibles |  |  | 3,149 |  |  |  | 1,100 |  |  |  | — |  |  |  | 4,249 |
Impairment of goodwill and trademarks |  |  | — |  |  |  | 93,324 |  |  |  | — |  |  |  | 93,324 |
Segment earnings (loss) before income tax |  |  | 50,877 |  |  |  | (91,131 | ) |  |  | (11,833 | ) |  |  | (52,087 | )
Segment assets |  |  | 229,111 |  |  |  | 196,467 |  |  |  | 19,139 |  |  |  | 444,717 |
Capital expenditures |  |  | 1,365 |  |  |  | 229 |  |  |  | 30 |  |  |  | 1,624 |
Identifiable long-lived assets by country include property, plant, and equipment, net of accumulated depreciation as well as intangible assets, net of accumulated amortization. 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 three and nine months ended is as follows (in thousands):
|  | United States |  |  | Canada |  |  | Mexico |  |  | Total |
Three months ended November 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to unaffiliated customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Print Segment |  | $ | 97,516 |  |  | $ | — |  |  | $ | — |  |  | $ | 97,516 |
Apparel Segment |  |  | 37,232 |  |  |  | 4,379 |  |  |  | 324 |  |  |  | 41,935 |
|  | $ | 134,748 |  |  | $ | 4,379 |  |  | $ | 324 |  |  | $ | 139,451 |
As of November 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Identifiable long-lived assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Print Segment |  | $ | 167,677 |  |  | $ | — |  |  | $ | — |  |  | $ | 167,677 |
Apparel Segment |  |  | 19,234 |  |  |  | 47 |  |  |  | 33,075 |  |  |  | 52,356 |
Corporate |  |  | 3,386 |  |  |  | — |  |  |  | — |  |  |  | 3,386 |
|  | $ | 190,297 |  |  | $ | 47 |  |  | $ | 33,075 |  |  | $ | 223,419 |
Three months ended November 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to unaffiliated customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Print Segment |  | $ | 97,652 |  |  | $ | — |  |  | $ | — |  |  | $ | 97,652 |
Apparel Segment |  |  | 44,873 |  |  |  | 4,104 |  |  |  | 342 |  |  |  | 49,319 |
|  | $ | 142,525 |  |  | $ | 4,104 |  |  | $ | 342 |  |  | $ | 146,971 |
As of November 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Identifiable long-lived assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Print Segment |  | $ | 156,328 |  |  | $ | — |  |  | $ | — |  |  | $ | 156,328 |
Apparel Segment |  |  | 20,737 |  |  |  | 60 |  |  |  | 40,348 |  |  |  | 61,145 |
Corporate |  |  | 3,603 |  |  |  | — |  |  |  | — |  |  |  | 3,603 |
|  | $ | 180,668 |  |  | $ | 60 |  |  | $ | 40,348 |  |  | $ | 221,076 |
Nine months ended November 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to unaffiliated customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Print Segment |  | $ | 294,740 |  |  | $ | — |  |  | $ | — |  |  | $ | 294,740 |
Apparel Segment |  |  | 131,299 |  |  |  | 13,511 |  |  |  | 1,238 |  |  |  | 146,048 |
|  | $ | 426,039 |  |  | $ | 13,511 |  |  | $ | 1,238 |  |  | $ | 440,788 |
Nine months ended November 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to unaffiliated customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Print Segment |  | $ | 283,917 |  |  | $ | — |  |  | $ | — |  |  | $ | 283,917 |
Apparel Segment |  |  | 140,837 |  |  |  | 14,095 |  |  |  | 1,149 |  |  |  | 156,081 |
|  | $ | 424,754 |  |  | $ | 14,095 |  |  | $ | 1,149 |  |  | $ | 439,998 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration