Earnings Per Share

6 Months Ended

Aug. 31, 2015

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,
	2015		2014		2015		2014
	(Unaudited) (In thousands except per share data)
Numerator:
Net income for basic and diluted earnings per common share	$	17,243	$	13,769	$	37,167	$	28,694
Denominator:
Denominator for basic earnings per common share–weighted average shares	25,782		25,657		25,769		25,640
Effect of dilutive securities:
Employee and Director stock awards	140		101		123		109
Denominator for diluted earnings per common share	25,922		25,758		25,892		25,749
Earnings per share basic and diluted:
Basic earnings per common share	$	0.67	$	0.54	$	1.44	$	1.12
Diluted earnings per common share	$	0.67	$	0.53	$	1.44	$	1.11