| 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) |
2026 |
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2025 |
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2026 |
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2025 |
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Segment operating net sales |
$ |
102,006 |
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$ |
98,676 |
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$ |
200,619 |
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$ |
195,872 |
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Segment operating expenses |
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Product purchases |
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34,833 |
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32,519 |
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67,134 |
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62,738 |
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Compensation expense |
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21,100 |
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21,067 |
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42,190 |
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42,670 |
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Product supplies |
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5,714 |
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5,825 |
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11,621 |
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11,931 |
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Manufacturing depreciation |
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2,016 |
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2,152 |
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4,071 |
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4,262 |
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Other product cost (1) |
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7,851 |
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7,011 |
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14,029 |
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13,940 |
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Segment cost of goods sold |
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71,514 |
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68,574 |
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139,045 |
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135,541 |
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Segment SG&A expenses |
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Compensation expense |
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11,120 |
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11,786 |
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23,052 |
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23,371 |
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Depreciation expense |
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102 |
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128 |
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206 |
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257 |
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Amortization expense |
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2,080 |
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2,029 |
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4,160 |
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3,973 |
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Other expense (2) |
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3,611 |
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3,776 |
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7,001 |
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7,064 |
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Segment SG&A expenses |
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16,913 |
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17,719 |
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34,419 |
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34,665 |
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Other segment items |
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(Gain) loss from disposal of assets |
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— |
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— |
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(10 |
) |
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— |
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Interest income |
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(391 |
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(777 |
) |
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(758 |
) |
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(1,328 |
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Other (income) expense |
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926 |
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(4,984 |
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1,156 |
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(4,665 |
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Income tax expense |
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3,652 |
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4,989 |
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7,495 |
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8,706 |
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Consolidated net earnings |
$ |
9,392 |
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$ |
13,155 |
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$ |
19,272 |
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$ |
22,953 |
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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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