Net Earnings Per Share

9 Months Ended

Nov. 30, 2016

Basic net earnings per share is computed by dividing net earnings available for basic common shares by the weighted average number of shares of common stock outstanding. Diluted net earnings per share is computed by dividing net earnings available for diluted common shares by the sum of weighted average number of shares of common stock outstanding and dilutive potential common stock. Diluted net earnings per share is calculated using the “if-converted” treasury stock method.

Basic and Dilutive Net Earnings Per Share Reconciliations



	Three Months Ended				Nine Months Ended
	November 30				November 30
(In thousands except per share data)	2016		2015		2016		2015
Net earnings	$	136,645	$	128,199	$	474,367	$	482,401

Weighted average common shares outstanding	189,200		201,291		191,431		205,760
Dilutive potential common shares:
Stock options	1,191		1,552		1,346		1,853
Stock-settled stock units and awards	427		540		462		629
Weighted average common shares and dilutive potential common shares	190,818		203,383		193,239		208,242

Basic net earnings per share	$	0.72	$	0.64	$	2.48	$	2.34
Diluted net earnings per share	$	0.72	$	0.63	$	2.45	$	2.32

Certain 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. On a weighted average basis, for the three months ended November 30, 2016 and 2015, options to purchase 3,104,720 shares and 1,383,861 shares of common stock, respectively, were not included. For the nine months ended November 30, 2016 and 2015, weighted average options to purchase 3,253,237 shares and 1,195,011 shares, respectively, were not included.