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Earnings Per Share
 12 Months Ended
Feb. 28, 2013
Earnings Per Share

Note 12: Earnings Per Share

Below is the computation of basic and diluted earnings per share for the fiscal years ended February 28 or 29, 2013, 2012 and 2011.

 

(in thousands except per share amounts)    2013      2012      2011  

Net Income

    $ 8,994       $ 28,467       $ 12,044   

Weighted Average Number of Common Shares Outstanding Used for Basic Net Loss Per Share

      10,298         11,350         12,906   

Dilutive Stock Options

      108         91         51   

Dilutive Restricted Stock

      19                     

Weighted Average Number of Common Shares Outstanding Plus Dilutive Shares

      10,425         11,441         12,957   

Basic Net Income Per Share:

                           

Basic Net Income Per Share

    $ 0.87       $ 2.51       $ 0.93   

Diluted Net Income Per Share:

                           

Diluted Net Income Per Share

    $ 0.86       $ 2.49       $ 0.93   

Approximately 400,000 options to purchase shares of common stock and shares of restricted stock were outstanding at the end of fiscal 2013 but were not included in the computation of diluted earnings per share because the effect was anti-dilutive.