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Stock Repurchase and Retirement
6 Months Ended
Aug. 31, 2011
Total Comprehensive Income (Loss)/Stock Repurchase and Retirement [Abstract] 
Stock Repurchase and Retirement
6. Stock Repurchase and Retirement
On July 29, 2010 the Company announced a share repurchase program, pursuant to which up to 1 million shares of the Company’s common stock could be purchased through July 28, 2011, and that repurchases could occur on the open market at times and prices considered appropriate by the Board of Directors and management. Furthermore, the Company disclosed repurchases could take place through brokers and dealers or in privately negotiated transactions, and could be made under a Rule 10b5-1 plan. During the quarter ended August 31, 2010, the Company repurchased 115,081 shares of common stock pursuant to a Rule 10b5-1 trading plan. The average cost of the shares repurchased was $1.16 and the Company subsequently retired these shares. The share repurchase program expired on July 28, 2011.
During the year ended February 28, 2008, the Company repurchased 1 million shares of its stock, which were held in a brokerage account since their purchase and reported as Treasury stock on the Condensed Consolidated Balance Sheets. On August 29, 2011, the Company formally retired these Treasury shares, which reduced the Common stock issued and corresponding Treasury shares as reported in the Condensed Consolidated Balance Sheets.