Earnings per Share

12 Months Ended

Feb. 28, 2026

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)	2026	2025	2024
Basic earnings per share - weighted average common shares outstanding	21,295	21,726	21,871
Weighted average effect of nonvested share grants and assumed exercise of stock options	222	165	220
Diluted earnings per share - weighted average common shares and potential common shares outstanding	21,517	21,891	22,091
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	177	23	31