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Stock-based Compensation (Tables)
 9 Months Ended
Nov. 30, 2013
Share-based Compensation [Abstract]  
Restricted Stock Unit Awards Non-Vested
The activity of our non-vested restricted stock unit awards for the nine month period ended November 30, 2013 is as follows:
 
 
 
Restricted
Stock  Units
 
Weighted
Average  Grant
Date Fair Value
Non-Vested Balance as of February 28, 2013
 
106,182

 
$
20.92

Granted
 
46,793

 
45.34

Vested
 
(81,283
)
 
22.77

Forfeited
 
—

 
—

Non-Vested Balance as of November 30, 2013
 
71,692

 
$
32.52
Stock Appreciation Rights and Option Awards
A summary of the Company’s stock appreciation rights and option awards activity for the nine month period ended November 30, 2013 is as follows:
 
 
 
Options/SAR’s
 
Weighted Average
Exercise  Price
Outstanding as of February 28, 2013
 
439,863

 
$
19.12

Granted
 
112,381

 
45.33

Exercised
 
(135,380
)
 
19.08

Forfeited
 
—

 
—

Outstanding as of November 30, 2013
 
416,864

 
$
26.23

Exercisable as of November 30, 2013
 
240,076

 
$
19.85

Weighted average fair value of options and SARs granted during the period ended November 30, 2013
 
 
 
$
13.72
Share-based compensation expense and related income tax
Share-based compensation expense and related income tax benefits related to all the plans listed above were as follows:
 
Period ended November 30,
 
2013
 
2012
Compensation Expense
 
$
2,988,596

 
$
2,816,827

Income tax benefits
 
$
1,046,009

 
$
985,889