| Schedule of Segment Financial Information of Reportable Segments |
segment assets reviewed by the CODM are reported on the Company’s Condensed Consolidated Balance Sheets as total assets.
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Three months ended
August 31, |
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Six months ended
August 31, |
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(Dollars in thousands) |
2025 |
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2024 |
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2025 |
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2024 |
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Segment operating net sales |
$ |
98,676 |
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$ |
99,038 |
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$ |
195,872 |
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$ |
202,146 |
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Segment operating expenses |
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Product purchases |
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32,519 |
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31,954 |
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62,738 |
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64,380 |
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Compensation expense |
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21,067 |
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20,723 |
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42,670 |
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42,461 |
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Product supplies |
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5,825 |
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6,341 |
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11,931 |
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12,869 |
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Manufacturing depreciation |
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2,152 |
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2,108 |
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4,262 |
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4,265 |
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Other product cost (1) |
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7,011 |
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8,133 |
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13,940 |
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17,488 |
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Segment cost of goods sold |
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68,574 |
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69,259 |
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135,541 |
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141,463 |
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Segment SG&A expenses |
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Compensation expense |
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11,786 |
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10,922 |
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23,371 |
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22,291 |
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Depreciation expense |
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128 |
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144 |
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257 |
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301 |
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Amortization expense |
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2,029 |
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1,934 |
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3,973 |
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3,864 |
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Other expense (2) |
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3,776 |
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3,557 |
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7,064 |
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7,271 |
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Segment SG&A expenses |
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17,719 |
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16,557 |
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34,665 |
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33,727 |
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Other segment items |
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Loss from disposal of assets |
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— |
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39 |
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— |
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43 |
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Interest (income) |
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(777 |
) |
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(1,369 |
) |
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(1,328 |
) |
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(2,728 |
) |
Other (income) expense |
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(4,984 |
) |
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335 |
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(4,665 |
) |
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683 |
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Income tax expense |
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4,989 |
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3,909 |
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8,706 |
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7,963 |
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Consolidated net earnings |
$ |
13,155 |
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$ |
10,308 |
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$ |
22,953 |
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$ |
20,995 |
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(1) Other product cost includes manufacturing overhead and freight expenses. (2) SG&A, other expense includes professional services and utility services not included in the manufacturing process.
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