Net Income Per Common Share Level 1 (Notes)

9 Months Ended

Nov. 30, 2016

Net Income Per Common Share [Abstract]

Net Income (Loss) Per Common Share

Basic net income (loss) per common share is based upon the weighted-average common shares outstanding during the period. Diluted net income (loss) 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 (loss) per common share. A reconciliation between the denominator of basic and diluted net income (loss) per common share is as follows:



	Three Months Ended November 30,		Nine Months Ended November 30,
	2016	2015	2016	2015
Weighted-average common shares outstanding	24,160,324	24,183,791	24,160,324	24,177,061
Effect of dilutive securities:
Stock options, warrants and restricted stock	127,107	35,764	77,033	34,590
Weighted-average common shares and potential common shares outstanding	24,287,431	24,219,555	24,237,357	24,211,651

Restricted stock, stock options and warrants of 121,250 and 131,250 for the three months ended November 30, 2016 and 2015, respectively, and 252,067 and 126,808 for the nine months ended November 30, 2016 and 2015, respectively, were not included in the net income (loss) per diluted share calculation because the exercise price of these stock options and warrants was greater than the average market price of the Company’s common stock during these periods or the inclusion of these components would have been anti-dilutive.