Earnings Per Share (Tables)

3 Months Ended

May 31, 2017

Reconciliation of Numerators and Denominators of Earnings Per Share Calculation

The following table reconciles the numerators and denominators of the earnings per share (“EPS”) calculation for the three months ended May 31, 2017 and May 31, 2016 (in thousands, except per share amounts):


	Three Months Ended
	May 31, 2017		May 31, 2016
Net income, basic and diluted	$	73,190	$	61,184

Weighted average common shares outstanding		177,243		181,168
Incremental shares attributable to assumed vesting or exercise of outstanding equity award shares		2,974		3,019
Dilutive effect of convertible notes		1,593		—

Diluted shares		181,810		184,187

Diluted net income per share	$	0.40	$	0.33

Shares Considered Anti-Dilutive for Calculating Diluted EPS

The following share awards were not included in the computation of diluted EPS because the aggregate value of proceeds considered received upon either exercise or vesting was 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, 2017		May 31, 2016
Number of shares considered anti-dilutive for calculating diluted EPS		14		1,081