ENNIS, INC. - 10-Q filing on 2016-07-08

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

May 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying Amount and Accumulated Amortization of Intangible Assets

The carrying amount and accumulated amortization of the Company’s intangible assets at each balance sheet date are as follows (in thousands):


As of May 31, 2016	Weighted Average Remaining Life *(in years)*		Gross Carrying Amount		Accumulated Amortization		Net
Amortized intangible assets
Trade names		—	$	1,234	$	1,234	$	—
Customer lists		9.2		53,669		17,965		35,704
Noncompete		1.6		175		42		133
Patent		1.8		783		556		227

Total		9.2	$	55,861	$	19,797	$	36,064


As of February 29, 2016
Amortized intangible assets
Trade names		—	$	1,234	$	1,234	$	—
Customer lists		8.7		53,519		16,852		36,667
Noncompete		1.8		75		29		46
Patent		2.0		783		523		260

Total		8.7	$	55,611	$	18,638	$	36,973

Non-amortizing Intangible Assets


	May 31, 2016		February 29, 2016
Non-amortizing intangible assets
Trademarks and trade names	$	15,291	$	15,291

Estimated Amortization Expense

The Company’s estimated amortization expense for the next five fiscal years ending in February of the stated fiscal year is as follows (in thousands):


2017			$4,716
2018			4,504
2019			3,987
2020			3,867
2021			3,797

Changes in Net Carrying Amount of Goodwill

Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands):


Balance as of March 1, 2015	$	64,489
Goodwill acquired		48
Goodwill impairment		—

Balance as of February 29, 2016		64,537
Goodwill acquired		—
Goodwill impairment		—

Balance as of May 31, 2016	$	64,537