XML 33 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Income Per Common Share Level 1 (Notes)
 9 Months Ended
Nov. 30, 2013
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,
 
 
2013
 
2012
 
2013
 
2012
Weighted-average common shares outstanding
 
24,341,897

 
23,434,965

 
24,060,492

 
23,377,859

Effect of dilutive securities:
 
 

 
 

 
 
 
 
Stock options and warrants
 
83,059

 
101,175

 
149,119

 
215,181

Weighted-average common shares and potential common shares outstanding
 
24,424,956

 
23,536,140

 
24,209,611

 
23,593,040


 
Stock options and warrants of 0 and 268,650 for the three months ended November 30, 2013 and 2012 and 0 and 89,550 for the nine months ended November 30, 2013 and 2012, 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.