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Earnings Per Share
 6 Months Ended
Aug. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings per share.

Earnings per share is based on the weighted average number of shares outstanding during each period, adjusted for the dilutive effect of stock awards. The shares and earnings per share have been adjusted to reflect our two for one stock split, effected in the form of a share dividend approved by the Board of Directors on June 28, 2012, and paid on July 30, 2012. All share data has been retroactively restated.
The following table sets forth the computation of basic and diluted earnings per share:
 
 
 
Three Months ended August 31,
 
Six Months Ended August 31,
 
 
2013
 
2012
 
2013
 
2012
 
 
(Unaudited)
(In thousands except share and per share data)
Numerator:
 
 
 
 
 
 
 
 
Net income for basic and diluted earnings per common share
 
$
16,363

 
$
15,873

 
$
30,910

 
$
31,859

Denominator:
 
 
 
 
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
25,487,796

 
25,297,220

 
25,475,869

 
25,270,585

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Employee and Director stock awards
 
176,312

 
211,323

 
188,851

 
210,602

Denominator for diluted earnings per common share
 
25,664,108

 
25,508,543

 
25,664,720

 
25,481,187

Earnings per share basic and diluted:
 
 
 
 
 
 
 
 
Basic earnings per common share
 
$
0.64

 
$
0.63

 
$
1.21

 
$
1.26

Diluted earnings per common share
 
$
0.64

 
$
0.62

 
$
1.20

 
$
1.25