Earnings per Share

12 Months Ended

Mar. 02, 2024

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)	2024	2023	2022
Basic earnings per share - weighted average common shares outstanding	21,871	22,007	24,920
Weighted average effect of nonvested share grants and assumed exercise of stock options	220	409	372
Diluted earnings per share - weighted average common shares and potential common shares outstanding	22,091	22,416	25,292
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	31	97	1