Stock-based Compensation (Tables)

9 Months Ended

Nov. 30, 2012

The activity of our non-vested restricted stock unit awards for the nine month period ended November 30, 2012 is as follows:



	Restricted Stock Units		Weighted Average Grant Date Fair Value
Non-Vested Balance as of February 29, 2012	122,450		$	13.89
Granted	41,760		25.81
Vested	(58,028	)	9.22
Forfeited	—		—
Non-Vested Balance as of November 30, 2012	106,182		$	20.92

A summary of the Company’s stock appreciation rights and option awards activity for the nine months ended November 30, 2012 is as follows:



	Options/SAR’s		Weighted Average Exercise Price
Outstanding as of February 29, 2012	573,000		$	15.46
Granted	118,107		25.77
Exercised	(251,240	)	13.84
Forfeited	—		—
Outstanding as of November 30, 2012	439,867		$	19.12
Exercisable as of November 30, 2012	115,399		$	13.14
Weighted average fair value of options and SARs granted during the period ended November 30, 2012			$	8.81

Share-based compensation expense and related income tax benefits related to all the plans listed above were as follows:



For the period ended November 30,	2012		2011
Compensation Expense	$	2,816,827	$	2,696,083
Income tax benefits	$	985,889	$	943,629