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Earnings Per Share
 9 Months Ended
Nov. 30, 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 November 30,
 
Nine Months Ended November 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
(Unaudited)
(In thousands except share and per share data)
Numerator:
 
 
 
 
 
 
 
 
Net income for basic and diluted earnings per common share
 
$
19,965

 
$
18,445

 
$
48,659

 
$
49,355

Denominator:
 
 
 
 
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
25,699,772

 
25,536,918

 
25,659,892

 
25,496,219

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Employee and Director stock awards
 
93,794

 
182,960

 
103,928

 
186,887

Denominator for diluted earnings per common share
 
25,793,566

 
25,719,878

 
25,763,820

 
25,683,106

Earnings per share basic and diluted:
 
 
 
 
 
 
 
 
Basic earnings per common share
 
$
0.78

 
$
0.72

 
$
1.90

 
$
1.94

Diluted earnings per common share
 
$
0.77

 
$
0.72

 
$
1.89

 
$
1.92