Net Earnings Per Share

9 Months Ended

Nov. 30, 2024

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)	2024		2023		2024		2023
Net earnings	$	125,441	$	82,003	$	410,690	$	428,936

Weighted average common shares outstanding	154,582		158,446		155,874		158,347
Dilutive potential common shares:
Stock options	307		156		313		301
Stock-settled stock units and awards	376		197		317		218
Weighted average common shares and dilutive potential common shares	155,265		158,799		156,504		158,866

Basic net earnings per share	$	0.81	$	0.52	$	2.63	$	2.71
Diluted net earnings per share	$	0.81	$	0.52	$	2.62	$	2.70

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, 2024 and 2023, options to purchase 4,948,231 shares and 6,263,513 shares of common stock, respectively, were not included. For the nine months ended November 30, 2024 and 2023, options to purchase 5,235,364 shares and 5,732,651 shares of common stock, respectively, were not included.