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Quarterly Consolidated Financial Information (Unaudited) | 12 Months Ended
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Feb. 28, 2017
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Consolidated Financial Information (Unaudited) | (17) Quarterly Consolidated Financial Information (Unaudited) The following table represents the unaudited quarterly financial data of the Company for fiscal years ended 2017 and 2016 (in thousands, except per share amounts and quarter over quarter comparison):
For the Three Months Ended |  | May 31 |  |  | August 31 |  |  | November 30 |  |  | February 28 |
Fiscal year ended 2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 90,410 |  |  | $ | 91,246 |  |  | $ | 88,660 |  |  | $ | 86,572 |
Gross profit margin |  |  | 26,694 |  |  |  | 27,038 |  |  |  | 25,292 |  |  |  | 24,926 |
Net earnings |  |  | 6,683 |  |  |  | 6,784 |  |  |  | 5,740 |  |  |  | 7,210 |
Dividends paid |  |  | 4,530 |  |  |  | 43,657 |  |  |  | 4,537 |  |  |  | 4,476 |
Per share of common stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic net earnings |  | $ | 0.26 |  |  | $ | 0.26 |  |  | $ | 0.22 |  |  | $ | 0.28 |
Diluted net earnings |  | $ | 0.26 |  |  | $ | 0.26 |  |  | $ | 0.22 |  |  | $ | 0.28 |
Dividends |  | $ | 0.175 |  |  | $ | 1.675 |  |  | $ | 0.175 |  |  | $ | 0.175 |
Fiscal year ended 2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 96,769 |  |  | $ | 100,455 |  |  | $ | 97,516 |  |  | $ | 91,206 |
Gross profit margin |  |  | 29,964 |  |  |  | 31,363 |  |  |  | 29,719 |  |  |  | 25,264 |
Net earnings |  |  | 8,763 |  |  |  | 9,611 |  |  |  | 8,595 |  |  |  | 5,289 |
Dividends paid |  |  | 4,496 |  |  |  | 4,516 |  |  |  | 4,516 |  |  |  | 4,516 |
Per share of common stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic net earnings |  | $ | 0.34 |  |  | $ | 0.37 |  |  | $ | 0.34 |  |  | $ | 0.21 |
Diluted net earnings |  | $ | 0.34 |  |  | $ | 0.37 |  |  | $ | 0.33 |  |  | $ | 0.21 |
Dividends |  | $ | 0.175 |  |  | $ | 0.175 |  |  | $ | 0.175 |  |  | $ | 0.175 |
Current Quarter Compared to Same Quarter Last Year During the fourth quarter of the previous fiscal year, the Company moved its folder operations from Omaha, Nebraska to Columbus, Kansas, due to the landlord’s desire to sell the facility. The move and inefficiencies associated with starting-up and training new employees had a negative impact on revenues and operational margins over the past several quarters, but the Company has seen a turnaround and the operation was marginally profitable in the third and fourth quarters of this fiscal year. In addition, the Company’s medical claims have exceeded historical levels during the fiscal year. This resulted in an additional $2.0 million in increased medical expenses, which negatively impacted the Company’s operating profit margin during the quarter ended November 30, 2016. This expense was in addition to the $2.3 million in medical expenses during the quarter ended August 31, 2016. The decline in gross profit and operating margins during the fourth quarter of fiscal year 2016, 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 the move of the folder operations from Omaha, Nebraska to Columbus, Kansas.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: 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=68064558&loc=d3e765-108305 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=68064558&loc=d3e725-108305 + Details
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