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Earnings Per Share
 3 Months Ended
May 31, 2014
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 following table sets forth the computation of basic and diluted earnings per share:
 
 
 
Three Months Ended May 31,
 
 
2014
 
2013
 
(Unaudited)
(In thousands except share and per share data)
Numerator:
 
 
 
 
Net income for basic and diluted earnings per common share
 
$
14,925

 
$
14,547

Denominator:
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
25,622,958

 
25,463,942

Effect of dilutive securities:
 
 
 
 
Employee and Director stock awards
 
115,808

 
201,390

Denominator for diluted earnings per common share
 
25,738,766

 
25,665,332

Earnings per share basic and diluted:
 
 
 
 
Basic earnings per common share
 
$
0.58

 
$
0.57

Diluted earnings per common share
 
$
0.58

 
$
0.57