Earnings Per Share

3 Months Ended

May 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

13.Earnings Per Share

Basic earnings per share have been computed by dividing net earnings by the weighted average number of common shares outstanding during the applicable period.  Diluted earnings per share reflect the potential dilution that could occur if stock options or other contracts to issue common shares were exercised or converted into common stock.

As of May 31, 2020 and May 31, 2019, no options were outstanding.  The following table sets forth the computation for basic and diluted earnings per share for the periods indicated:

	Three months ended
	May 31,
	2020		2019
Basic weighted average common shares outstanding		25,975,010		26,028,337
Effect of dilutive options		—		—
Diluted weighted average common shares outstanding		25,975,010		26,028,337
Earnings per share
Net earnings - basic	$	0.16	$	0.37
Net earnings - diluted	$	0.16	$	0.37
Cash dividends	$	0.225	$	0.225