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Quarterly Consolidated Financial Information (Unaudited) | 12 Months Ended
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Feb. 29, 2016
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Consolidated Financial Information (Unaudited) | (16) Quarterly Consolidated Financial Information (Unaudited) The following table represents the unaudited quarterly financial data of the Company for fiscal years ended 2016 and 2015 (in thousands, except per share amounts and quarter over quarter comparison):
For the Three Months Ended |  | May 31 |  |  | August 31 |  |  | November 30 |  |  | February 29 |
Fiscal year ended 2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 150,576 |  |  | $ | 150,761 |  |  | $ | 139,451 |  |  | $ | 128,185 |
Gross profit margin |  |  | 37,544 |  |  |  | 40,630 |  |  |  | 40,574 |  |  |  | 33,991 |
Net earnings |  |  | 9,171 |  |  |  | 11,046 |  |  |  | 10,674 |  |  |  | 4,845 |
Dividends paid |  |  | 4,496 |  |  |  | 4,516 |  |  |  | 4,516 |  |  |  | 4,516 |
Per share of common stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic net earnings |  | $ | 0.36 |  |  | $ | 0.43 |  |  | $ | 0.42 |  |  | $ | 0.19 |
Diluted net earnings |  | $ | 0.36 |  |  | $ | 0.43 |  |  | $ | 0.41 |  |  | $ | 0.19 |
Dividends |  | $ | 0.175 |  |  | $ | 0.175 |  |  | $ | 0.175 |  |  | $ | 0.175 |
Fiscal year ended 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 141,186 |  |  | $ | 151,841 |  |  | $ | 146,971 |  |  | $ | 140,242 |
Gross profit margin |  |  | 35,388 |  |  |  | 38,188 |  |  |  | 36,516 |  |  |  | 35,384 |
Net earnings (loss) |  |  | 8,032 |  |  |  | 10,016 |  |  |  | (71,179 | ) |  |  | 8,598 |
Dividends paid |  |  | 4,567 |  |  |  | 4,574 |  |  |  | 4,548 |  |  |  | 4,502 |
Per share of common stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic net earnings (loss) |  | $ | 0.31 |  |  | $ | 0.39 |  |  | $ | (2.76 | ) |  | $ | 0.34 |
Diluted net earnings (loss) |  | $ | 0.31 |  |  | $ | 0.39 |  |  | $ | (2.76 | ) |  | $ | 0.34 |
Dividends |  | $ | 0.175 |  |  | $ | 0.175 |  |  | $ | 0.175 |  |  | $ | 0.175 |
Current Quarter Compared to Same Quarter Last Year For fiscal year ended February 29, 2016, except for the fourth quarter, both gross profit margin and net earnings for each quarter increased in comparison to each of the quarters of the previous fiscal year. For the third quarter of fiscal year 2015 and in the fourth quarter of fiscal year 2016, the Company recorded a non-cash impairment charge of $93.3 million ($55.9 million to goodwill and $37.4 million to trademarks) and $4.1 million (trademarks), respectively, related to the Apparel Segment. The primary reason for the increase in gross profit margin and net earnings in fiscal year 2016 was due to the continued realization of operational synergies with acquired businesses by the elimination of duplicate costs in the Print Segment and improving manufacturing efficiencies, relatively stable selling prices, and lower input costs in the Apparel Segment. The decline in gross profit and operating margins during the fourth quarter of fiscal year 2016, absent the impairment charge, related primarily to a one-time earn-out payment required to be paid in connection with one of the Company’s acquisitions and the extraordinary costs associated with moving one of the Company’s folder operations from Omaha, Nebraska to Columbus, Kansas.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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