Earnings per Share

12 Months Ended

Feb. 28, 2015

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

Basic earnings per share is computed by dividing net income or loss by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net income or loss by the weighted average common shares outstanding, including the dilutive effects of stock options, SARs and nonvested shares. The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share:

(In thousands)	2015	2014	2013
Basic earnings per share - weighted common shares outstanding	28,763	28,483	27,954
Weighted average effect of nonvested share grants and assumed exercise of stock options	611	891	687
Diluted earnings per share - weighted common shares and potential common shares outstanding	29,374	29,374	28,641
Stock options excluded from the calculation of earnings per share because the exercise price was greater than the average market price of the common shares	—	—	538