Stock Compensation (Tables)

12 Months Ended

Feb. 28, 2015

Share-based Compensation [Abstract]

Restricted Stock Unit Awards Non-Vested

Activity in our non-vested restricted stock unit awards for the year ended February 28, 2015 was as follows:

	Restricted Stock Units		Weighted Average Grant Date Fair Value
Non-Vested Balance as of February 28, 2014	70,352		$	34.95
Granted	48,616		42.89
Vested	(28,647	)	28.57
Forfeited	(12,875	)	40.87
Non-Vested Balance as of February 28, 2015	77,446		$	41.31

Stock Appreciation Rights and Option Awards

A summary of the Company’s stock appreciation rights and option awards activity for the three years ended February 28, were as follows:

	2015				2014				2013
	Options/ SAR’s		Weighted Average Exercise Price		Options/ SAR’s		Weighted Average Exercise Price		Options/ SAR’s		Weighted Average Exercise Price
Outstanding at beginning of year	396,174		$	26.64	439,863		$	19.12	573,000		$	15.46
Granted	126,532		43.92		116,032		45.20		118,107		25.77
Exercised	(98,942	)	22.79		(159,721	)	19.19		(251,240	)	13.84
Forfeited	(46,782	)	44.14		—		—		(4	)	2.11
Outstanding at end of year	376,982		$	31.27	396,174		$	26.64	439,863		$	19.12
Exercisable at end of year	204,107		$	21.55	153,343		$	15.32	115,395		$	13.14
Weighted average fair value for the fiscal year indicated of options and SARs granted during such year			$	16.94			$	13.68			$	8.81

Share-based Compensation Activity

The following table summarizes additional information about stock options and stock appreciation rights outstanding at February 28, 2015.

Range of Exercise Prices	Total Options/ SAR’s	Average Remaining Life	Weighted Average Exercise Price		Options / SAR’s Currently   Exercisable	Weighted Average Exercise Price
$9.06	48,510	1.00	$	9.06	48,510	$	9.06
$15.84	54,546	2.00	$	15.84	54,546	$	15.84
$20.91	40,950	3.00	$	20.91	40,950	$	20.91
$25.67	38,932	4.00	$	25.67	24,082	$	25.67
$39.65	950	5.00	$	39.65	—	$	39.65
$43.92	112,411	6.00	$	43.92	8,089	$	43.92
$45.26	40,000	6.00	$	45.26	10,000	$	45.26
$45.36	39,924	5.00	$	45.36	17,677	$	45.36
$46.43	759	5.00	$	46.43	253	$	46.43
$ 9.06 - $46.43	376,982	4.13	$	31.27	204,107	$	21.55

Share-based Compensation Fair Value Assumptions

Assumptions used in the Black-Scholes option pricing model for the last three fiscal years were as follows for all stock appreciation rights plans:

	2015	2014	2013
Expected term in years	4.5	4.5	4.5
Expected dividend yield	1.20% – 1.32%	1.21% - 1.49%	1.76% – 1.95%
Expected price volatility	35.39% – 40.00%	36.34% – 53.00%	45.00% – 47.83%
Risk-free interest rate	2.32 – 2.73	0.75 - 2.98	0.59 – 0.89

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:

Year Ended February 28,	2015		2014		2013
	(In thousands)
Compensation Expense	$	4,080	$	3,703	$	3,175
Income tax benefits	$	1,428	$	1,296	$	1,111