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Net Earnings Per Share
9 Months Ended
Nov. 30, 2013
Net Earnings Per Share [Abstract]  
Net Earnings Per Share

11.Net Earnings per Share

 

Basic net earnings per share is computed by dividing net earnings available for basic common shares by the weighted average common shares outstanding during the period.  Diluted net earnings per share is computed by dividing net earnings available for diluted common shares by the sum of weighted average common shares outstanding and dilutive  potential common shares.

 

Basic and Dilutive Net Earnings Per Share Reconciliations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

Nine Months Ended

 

 

November 30

November 30

(In thousands except per share data)

 

2013

2012

2013

2012

Net earnings

 

$

106,452 

 

$

94,681 

 

$

393,377 

 

$

327,063 

 

Weighted average common shares outstanding

 

 

223,259 

 

 

228,904 

 

 

223,831 

 

 

228,346 

 

Dilutive potential common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

3,402 

 

 

3,210 

 

 

3,305 

 

 

3,199 

 

Stock-settled restricted stock units

 

 

756 

 

 

542 

 

 

734 

 

 

503 

 

Weighted average common shares and dilutive

 

 

 

 

 

 

 

 

 

 

 

 

 

potential common shares

 

 

227,417 

 

 

232,656 

 

 

227,870 

 

 

232,048 

 

Basic net earnings per share

 

$

0.48 

 

$

0.41 

 

$

1.76 

 

$

1.43 

 

Diluted net earnings per share

 

$

0.47 

 

$

0.41 

 

$

1.73 

 

$

1.41 

 

 

Certain weighted-average options to purchase shares of common stock were outstanding and not included in the calculation of diluted net earnings per share because their inclusion would have been antidilutive.  For the three months ended November 30, 2013 and 2012, weighted-average options to purchase 1,309,282 shares and 3,794,317 shares of common stock, respectively, were not included.  For the nine months ended November 30, 2013 and 2012, weighted-average options to purchase 1,175,274 shares and 3,833,199 shares, respectively, were not included.