Note 2 - Income Per Share Data

3 Months Ended

May 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

2. Income Per Share Data

Basic per share amounts exclude dilution and are computed using the weighted average number of common shares outstanding for the period. Diluted per share amounts reflect the potential reduction in earnings per share that could occur if equity based awards were exercised or converted into common stock, unless the effects are anti-dilutive (i.e., the exercise price is greater than the average market price of the common shares). Potential common shares are determined using the treasury stock method and include common shares issuable upon exercise of outstanding stock options and warrants.

The following table sets forth the computation of basic and diluted net income per share.

	Three Months Ended May 31,
	2014			2013
Numerator:
Net income/(loss) attributable to shareholders (in thousands)	$	(1,212	)	$	971
Denominator:
Basic weighted-average shares outstanding		49,046,687			49,276,792
Effect of dilutive stock options and warrants		-			235,076
Diluted weighted-average shares outstanding		49,046,687			49,511,868
Net income/(loss) per share:
Basic	$	(0.02	)	$	0.02
Diluted	$	(0.02	)	$	0.02

Equity based awards are not included in the per share computation because the option exercise price was greater than the average market price of the common shares as reflected in the following table.

	Three Months Ended May 31,
	2014		2013
Warrants		-		6,000
Stock options		911,663		1,145,032
Total		911,663		1,151,032