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Stock-based Compensation (Tables)
6 Months Ended
Aug. 31, 2014
Share-based Compensation [Abstract]  
Restricted Stock Unit Awards Non-Vested
The activity of our non-vested restricted stock unit awards for the six month period ended August 31, 2014 is as follows:
 
 
 
Restricted
Stock  Units
 
Weighted
Average  Grant
Date Fair Value
Non-Vested Balance as of February 28, 2014
 
70,352

 
$
34.95

Granted
 
43,333

 
42.89

Vested
 
(16,766
)
 
23.44

Forfeited
 
(9,268
)
 
42.52

Non-Vested Balance as of August 31, 2014
 
87,651

 
$
40.28

Stock Appreciation Rights and Option Awards
A summary of the Company’s stock appreciation rights and option awards activity for the six month period ended August 31, 2014 is as follows:
 
 
 
Options/SAR’s
 
Weighted Average
Exercise  Price
Outstanding as of February 28, 2014
 
396,174

 
$
26.64

Granted
 
120,963

 
43.92

Exercised
 
(82,249
)
 
22.80

Forfeited
 
(13,661
)
 
43.35

Outstanding as of August 31, 2014
 
421,227

 
$
31.81

Exercisable as of August 31, 2014
 
213,947

 
$
21.33

Weighted average fair value of options and SARs granted during the period ended August 31, 2014
 
 
 
$
43.92

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 August 31,
 
2014
 
2013
Compensation Expense
 
$
2,638,404

 
$
2,512,547

Income tax benefits
 
$
923,441

 
$
879,391