Earnings per Share

12 Months Ended

Feb. 27, 2016

Basic earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net earnings by the weighted average number of 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)	2016	2015	2014
Basic earnings per share - weighted average common shares outstanding	29,058	28,763	28,483
Weighted average effect of nonvested share grants and assumed exercise of stock options	317	611	891
Diluted earnings per share - weighted average common shares and potential common shares outstanding	29,375	29,374	29,374
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	—	—	—