v3.26.3
Segment Reporting
 6 Months Ended
Aug. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

18. Segment Reporting

 

The Company’s Chief Operating Decision Maker ("CODM") is its Chairman, President, and Chief Executive Officer. The CODM evaluates performance and 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 the Company's 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 the Company's 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 condensed 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 condensed consolidated statement of operations. In addition, segment assets reviewed by the CODM are reported on the Company’s condensed consolidated balance sheets as total assets.

 

 

Three months ended August 31,

 

 

Six months ended
August 31,

 

(Dollars in thousands)

2026

 

 

2025

 

 

2026

 

 

2025

 

Segment operating net sales

$

102,006

 

 

$

98,676

 

 

$

200,619

 

 

$

195,872

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment operating expenses

 

 

 

 

 

 

 

 

 

 

 

Product purchases

 

34,833

 

 

 

32,519

 

 

 

67,134

 

 

 

62,738

 

Compensation expense

 

21,100

 

 

 

21,067

 

 

 

42,190

 

 

 

42,670

 

Product supplies

 

5,714

 

 

 

5,825

 

 

 

11,621

 

 

 

11,931

 

Manufacturing depreciation

 

2,016

 

 

 

2,152

 

 

 

4,071

 

 

 

4,262

 

Other product cost (1)

 

7,851

 

 

 

7,011

 

 

 

14,029

 

 

 

13,940

 

Segment cost of goods sold

 

71,514

 

 

 

68,574

 

 

 

139,045

 

 

 

135,541

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment SG&A expenses

 

 

 

 

 

 

 

 

 

 

 

Compensation expense

 

11,120

 

 

 

11,786

 

 

 

23,052

 

 

 

23,371

 

Depreciation expense

 

102

 

 

 

128

 

 

 

206

 

 

 

257

 

Amortization expense

 

2,080

 

 

 

2,029

 

 

 

4,160

 

 

 

3,973

 

Other expense (2)

 

3,611

 

 

 

3,776

 

 

 

7,001

 

 

 

7,064

 

Segment SG&A expenses

 

16,913

 

 

 

17,719

 

 

 

34,419

 

 

 

34,665

 

 

 

 

 

 

 

 

 

 

 

 

 

Other segment items

 

 

 

 

 

 

 

 

 

 

 

(Gain) loss from disposal of assets

 

—

 

 

 

—

 

 

 

(10

)

 

 

—

 

Interest income

 

(391

)

 

 

(777

)

 

 

(758

)

 

 

(1,328

)

Other (income) expense

 

926

 

 

 

(4,984

)

 

 

1,156

 

 

 

(4,665

)

Income tax expense

 

3,652

 

 

 

4,989

 

 

 

7,495

 

 

 

8,706

 

Consolidated net earnings

$

9,392

 

 

$

13,155

 

 

$

19,272

 

 

$

22,953

 

 

(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.