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Earnings Per Share (Tables)
3 Months Ended
May 31, 2014
Reconciliation of Numerators and Denominators of Earnings Per Share Calculation

The following table reconciles the numerators and denominators of the earnings per share calculation for the three months ended May 31, 2014 and May 31, 2013 (in thousands, except per share amounts):

 

     Three Months Ended  
     May 31,
2014
     May 31,
2013
 

Net income, basic and diluted

   $ 37,745       $ 40,391   
  

 

 

    

 

 

 

Weighted average common shares outstanding

     189,372         191,114   

Incremental shares attributable to assumed vesting or exercise of outstanding equity awards shares

     2,085         1,855   
  

 

 

    

 

 

 

Diluted shares

     191,457         192,969   
  

 

 

    

 

 

 

Diluted net income per share

   $ 0.20       $ 0.21   
  

 

 

    

 

 

 
Shares Considered Anti-Dilutive for Calculating Diluted EPS

The following shares awards are not included in the computation of diluted earnings per share because the aggregate value of proceeds considered received upon either exercise or vesting were greater than the average market price of the Company’s common stock during the related periods and the effect of including such share awards in the computation would be anti-dilutive (in thousands):

 

     Three Months Ended  
     May 31,
2014
     May 31,
2013
 

Number of shares considered anti-dilutive for calculating diluted EPS

                 385                     315