Note 3. Net Income Per Common Share Level 1 (Notes)

9 Months Ended

Nov. 30, 2011

Net Income Per Common Share [Abstract]

Earnings Per Share [Text Block]

Net Income Per Common Share

Basic net income per common share is based upon the weighted-average common shares outstanding during the period.  Diluted net income per common share reflects the potential dilution that would occur if common stock equivalent securities or other contracts to issue common stock were exercised or converted into common stock.

There are no reconciling items which impact the numerator of basic and diluted net income per common share.  A reconciliation between the denominator of basic and diluted net income per common share is as follows:

	Three Months Ended November 30,		Nine Months Ended November 30,
	2011	2010	2011	2010
Weighted-average common shares outstanding	23,074,030	22,934,211	23,073,983	22,904,746
Effect of dilutive securities:
Stock options, warrants and restricted stock	—	164,737	129,521	153,223
Weighted-average common shares and potential common shares outstanding	23,074,030	23,098,948	23,203,504	23,057,969

Stock options and warrants totaling 1,142,500 and 147,498 for the three months endedNovember 30, 2011 and 2010, respectively, and 481,952 and 199,822 for the nine months endedNovember 30, 2011 and 2010, respectively, were not included in the net income per diluted share calculation because the exercise price of these options and warrants was greater than the average market price of the Company’s common stock during these periods or their inclusion would have been anti-dilutive.