Net Income (Loss) Per Common Share

6 Months Ended

Aug. 31, 2020

Net Income Per Common Share [Abstract]

(3)	Net Income (Loss) Per Common Share

Basic net income (loss) per common share, net of non-controlling interest, is based upon the weighted-average common shares outstanding during the period. Diluted net income (loss) per common share, net of non-controlling interest, 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 August 31,				Six months ended August 31,
	2020		2019		2020		2019
Weighted-average common shares outstanding (basic)		24,224,478		24,481,477		24,223,935		24,457,482
Effect of dilutive securities:
Restricted stock and stock grants		327,586		—		—		—
Weighted-average common shares and potential common shares outstanding (diluted)		24,552,064		24,481,477		24,223,935		24,457,482

Restricted stock and stock grants totaling 15,666 and 657,015 for the three months ended August 31, 2020 and 2019, respectively, and 593,632 and 642,280 for the six months ended August 31, 2020 and 2019, respectively, were not included in the net income (loss) per diluted share calculation because the grant price of the restricted stock and stock grants 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.