v3.26.1
Segment Reporting
 12 Months Ended
Feb. 28, 2026
Segment Reporting [Abstract]  
Segment Reporting

(20) Segment Reporting

 

The Company’s CODM is its Chairman, President, and Chief Executive Officer. The CODM allocates resources on a consolidated basis using consolidated net income, earnings releases, investor presentations, and the Company’s SEC filings, as well as through the approval of the Company’s annual budget and forecast.

The single operating segment is also our single reportable segment called “Print” and derives its operating revenues from the manufacturing of mostly custom or semi-custom printed products sold mostly to independent distributors in the United States. Independent distributors are responsible for selling the printed product to the end consumer. The single reportable segment derives its revenues by manufacturing print products at homogeneous printing plants dispersed throughout the United States.

The accounting policies of this single reportable segment are the same as those described in the summary of significant accounting policies to the consolidated financial statements.

The CODM assesses the performance of this reportable segment using the entity-wide revenue and expense information reported on the Statement of Operations and the more detailed expense categories disclosed in the table below. The primary measure of segment profit (loss) is consolidated net income (loss) as reported on the Statement of Operations. In addition, segment assets reviewed by the CODM are reported on the Company’s Consolidated Balance Sheets as total assets.

 

(Dollars in thousands)

2026

 

 

2025

 

 

2024

 

Segment operating net sales

$

392,403

 

 

$

394,618

 

 

$

420,109

 

 

 

 

 

 

 

 

 

 

Segment operating expenses

 

 

 

 

 

 

 

 

Product purchases

 

126,679

 

 

 

126,993

 

 

 

139,131

 

Compensation expense

 

84,051

 

 

 

83,082

 

 

 

85,975

 

Product supplies

 

23,121

 

 

 

24,623

 

 

 

26,439

 

Manufacturing depreciation

 

8,549

 

 

 

8,275

 

 

 

9,189

 

Other product cost (1)

 

29,592

 

 

 

34,351

 

 

 

34,033

 

Segment cost of goods sold

 

271,992

 

 

 

277,324

 

 

 

294,767

 

 

 

 

 

 

 

 

 

 

Segment SG&A expenses

 

 

 

 

 

 

 

 

Compensation expense

 

45,263

 

 

 

43,731

 

 

 

44,261

 

Depreciation expense

 

498

 

 

 

568

 

 

 

674

 

Amortization expense

 

8,079

 

 

 

7,726

 

 

 

7,649

 

Other expense (2)

 

13,894

 

 

 

13,353

 

 

 

16,246

 

Segment SG&A expenses

 

67,734

 

 

 

65,378

 

 

 

68,830

 

 

 

 

 

 

 

 

 

 

Other segment items

 

 

 

 

 

 

 

 

(Gain) loss from disposal of assets

 

(13

)

 

 

(58

)

 

 

53

 

Interest (income) expense

 

(1,894

)

 

 

(4,872

)

 

 

(3,973

)

Other expense, net

 

(4,010

)

 

 

1,392

 

 

 

1,309

 

Provision for income tax

 

15,967

 

 

 

15,232

 

 

 

16,526

 

 

 

 

 

 

 

 

 

 

Consolidated net earnings

$

42,627

 

 

$

40,222

 

 

$

42,597

 

 

(1) Other product cost includes manufacturing overhead and freight expenses.

(2) SG&A other expenses include utility services, bank fee and professional services not included in the manufacturing process.