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Earnings Per Share
 6 Months Ended
Aug. 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 August 31,
 
Six Months Ended August 31,
 
 
2014
 
2013
 
2014
 
2013
 
 
(Unaudited)
(In thousands except share and per share data)
Numerator:
 
 
 
 
 
 
 
 
Net income for basic and diluted earnings per common share
 
$
13,769

 
$
16,363

 
$
28,694

 
$
30,910

Denominator:
 
 
 
 
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
25,656,945

 
25,487,796

 
25,639,952

 
25,475,869

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Employee and Director stock awards
 
101,229

 
176,312

 
108,995

 
188,851

Denominator for diluted earnings per common share
 
25,758,174

 
25,664,108

 
25,748,947

 
25,664,720

Earnings per share basic and diluted:
 
 
 
 
 
 
 
 
Basic earnings per common share
 
$
0.54

 
$
0.64

 
$
1.12

 
$
1.21

Diluted earnings per common share
 
$
0.53

 
$
0.64

 
$
1.11

 
$
1.20