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Earnings Per Share
 3 Months Ended
May. 31, 2015
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,
 
 
2015
 
2014
 
 
(Unaudited)
(In thousands except per share data)
Numerator:
 
 
 
 
Net income for basic and diluted earnings per common share
 
$
19,924

 
$
14,925

Denominator:
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
25,756

 
25,623

Effect of dilutive securities:
 
 
 
 
Employee and Director stock awards
 
106

 
116

Denominator for diluted earnings per common share
 
25,862

 
25,739

Earnings per share basic and diluted:
 
 
 
 
Basic earnings per common share
 
$
0.77

 
$
0.58

Diluted earnings per common share
 
$
0.77

 
$
0.58