Earnings per Share

12 Months Ended

Mar. 03, 2018

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)	2018	2017	2016
Basic earnings per share - weighted average common shares outstanding	28,534	28,781	29,058
Weighted average effect of nonvested share grants and assumed exercise of stock options	270	112	317
Diluted earnings per share - weighted average common shares and potential common shares outstanding	28,804	28,893	29,375
Stock awards excluded from the calculation of earnings per share because the award price was greater than the average market price of the common shares	141	—	—