Earnings Per Share

9 Months Ended

Nov. 30, 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 November 30,				Nine Months Ended November 30,
	2013		2012		2013		2012
	(Unaudited) (In thousands except share and per share data)
Numerator:
Net income for basic and diluted earnings per common share	$	18,445	$	15,364	$	49,355	$	47,223
Denominator:
Denominator for basic earnings per common share–weighted average shares	25,536,918		25,362,450		25,496,219		25,301,207
Effect of dilutive securities:
Employee and Director stock awards	182,960		240,412		186,887		236,050
Denominator for diluted earnings per common share	25,719,878		25,602,862		25,683,106		25,537,257
Earnings per share basic and diluted:
Basic earnings per common share	$	0.72	$	0.61	$	1.94	$	1.87
Diluted earnings per common share	$	0.72	$	0.60	$	1.92	$	1.85