EARNINGS PER SHARE (Tables)

9 Months Ended

Nov. 30, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted EPS is shown below.

	Three Months Ended November 30,				Nine Months Ended November 30,
	2019		2018		2019		2018
Earnings per share:
Net earnings applicable to common shareholders	$	2,735,800	$	2,815,600	$	5,107,000	$	6,122,900
Shares:
Weighted average shares outstanding-basic		8,406,709		8,194,072		8,301,209		8,185,561
Assumed exercise of options		5,929		7,704		6,287		7,645
Weighted average shares outstanding-diluted		8,412,638		8,201,776		8,307,496		8,193,206
Diluted earnings per share:
Basic	$	0.33	$	0.34	$	0.62	$	0.75
Diluted	$	0.33	$	0.34	$	0.61	$	0.75