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Segment Information and Geographic Information | 12 Months Ended
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Feb. 29, 2016
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 68% of the Company’s consolidated net sales for fiscal year 2016, 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 57 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, Special Service PartnersSM (SSP) (which provides custom and stock 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 32% of the Company’s fiscal year 2016 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 2016, 2015 and 2014 were as follows (in thousands):
|  | Print Segment |  |  | Apparel Segment |  |  | Corporate |  |  | Consolidated Totals |
Fiscal year ended February 29, 2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 385,946 |  |  | $ | 183,027 |  |  | $ | — |  |  | $ | 568,973 |
Depreciation |  |  | 7,530 |  |  |  | 3,529 |  |  |  | 268 |  |  |  | 11,327 |
Amortization of identifiable intangibles |  |  | 4,555 |  |  |  | 1,467 |  |  |  | — |  |  |  | 6,022 |
Impairment of trademarks |  |  | — |  |  |  | 4,130 |  |  |  | — |  |  |  | 4,130 |
Segment earnings (loss) before income tax |  |  | 65,379 |  |  |  | 9,430 |  |  |  | (18,237 | ) |  |  | 56,572 |
Segment assets |  |  | 234,257 |  |  |  | 142,506 |  |  |  | 15,425 |  |  |  | 392,188 |
Capital expenditures |  |  | 4,187 |  |  |  | 596 |  |  |  | 40 |  |  |  | 4,823 |
|  | Print |  |  | Apparel |  |  |  |  |  | Consolidated |
|  | Segment |  |  | Segment |  |  | Corporate |  |  | 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 |
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 |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to unaffiliated customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Print Segment |  | $ | 385,946 |  |  | $ | — |  |  | $ | — |  |  | $ | 385,946 |
Apparel Segment |  |  | 164,549 |  |  |  | 17,233 |  |  |  | 1,245 |  |  |  | 183,027 |
|  | $ | 550,495 |  |  | $ | 17,233 |  |  | $ | 1,245 |  |  | $ | 568,973 |
Identifiable long-lived assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Print Segment |  | $ | 164,272 |  |  | $ | — |  |  | $ | — |  |  | $ | 164,272 |
Apparel Segment |  |  | 14,730 |  |  |  | 53 |  |  |  | 30,430 |  |  |  | 45,213 |
Corporate |  |  | 3,319 |  |  |  | — |  |  |  | — |  |  |  | 3,319 |
|  | $ | 182,321 |  |  | $ | 53 |  |  | $ | 30,430 |  |  | $ | 212,804 |
|  | 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 |  | $ | 172,074 |  |  | $ | — |  |  | $ | — |  |  | $ | 172,074 |
Apparel Segment |  |  | 20,359 |  |  |  | 54 |  |  |  | 37,556 |  |  |  | 57,969 |
Corporate |  |  | 3,548 |  |  |  | — |  |  |  | — |  |  |  | 3,548 |
|  | $ | 195,981 |  |  | $ | 54 |  |  | $ | 37,556 |  |  | $ | 233,591 |
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 |  | $ | 155,773 |  |  | $ | — |  |  | $ | — |  |  | $ | 155,773 |
Apparel Segment |  |  | 115,204 |  |  |  | 40 |  |  |  | 43,757 |  |  |  | 159,001 |
Corporate |  |  | 3,773 |  |  |  | — |  |  |  | — |  |  |  | 3,773 |
|  | $ | 274,750 |  |  | $ | 40 |  |  | $ | 43,757 |  |  | $ | 318,547 |

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- 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
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